Company registration number 03692607 (England and Wales)
MCARDLE SPORT-TEC LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MCARDLE SPORT-TEC LIMITED
COMPANY INFORMATION
Directors
J McArdle
M Freeman
M Jefferies
K Sands
S Barclay
R Thornton
C McArdle
(Appointed 14 April 2025)
Secretary
C McArdle
Company number
03692607
Registered office
1 - 2 Thames Park
Lester Way
Wallingford
Oxon
OX10 9TA
Auditor
Mercer & Hole LLP
Trinity Court
Church Street
Rickmansworth
WD3 1RT
Business address
1 - 2 Thames Park
Lester Way
Wallingford
Oxon
OX10 9TA
MCARDLE SPORT-TEC LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
11 - 22
MCARDLE SPORT-TEC LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Review of the business

The principal activity during the period was the design and construction of artificial turf pitches.

The company is pleased to report a successful trading period, during which turnover increased to £19,828,401 and profit before taxation increased to £2,296,388.

We are continually looking to create new relationships with Main Contractors, Consultants, Independent Schools, Sports Clubs and Local Authorities, while maintaining existing relationships in order to provide the ongoing first-class service and products expected by our clients.

We expect trading levels for the forthcoming year to stay consistent compared to the current year.

Principal risks and uncertainties

The principal risks facing the company are those of market conditions and confidence levels, along with general risks associated with operating in the construction industry. Where risks can be identified they have been addressed and actions taken where possible to control them.

Development and performance

We continue to place the highest emphasis on the quality of work throughout our operations. We believe our employees are fundamental in our ability to deliver high quality facilities to our clients, and we place great emphasis on developing and retaining employees, as demonstrated through our very low staff turnover.

Key performance indicators

The key performance indicators defined by the company are turnover, trading profit and cash.

Additional information and explanations

None to report.

On behalf of the board

C McArdle
Director
9 July 2026
MCARDLE SPORT-TEC LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company throughout the year was that of the design, construction and commissioning of sports facilities of all types and sizes.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £1,000,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J McArdle
M Freeman
M Jefferies
K Sands
S Barclay
R Thornton
C McArdle
(Appointed 14 April 2025)
Auditor

In accordance with the company's articles, a resolution proposing that Mercer & Hole LLP be reappointed as auditor of the company will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
C McArdle
Director
9 July 2026
MCARDLE SPORT-TEC LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MCARDLE SPORT-TEC LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF MCARDLE SPORT-TEC LIMITED
- 4 -
Opinion

We have audited the financial statements of McArdle Sport-Tec Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

MCARDLE SPORT-TEC LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF MCARDLE SPORT-TEC LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to breaches of health & safety regulations, and we considered the extent to which non-compliance may have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate income or understate expenditure, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

- discussions with management, including considerations of known or suspected instances of non-compliance with laws and regulations and fraud;

- evaluation of the operating effectiveness of management's controls designed to prevent and detect irregularities;

- identifying and testing journal entries.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

MCARDLE SPORT-TEC LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF MCARDLE SPORT-TEC LIMITED (CONTINUED)
- 6 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.

Jolene Upshall FCA (Senior Statutory Auditor)
For and on behalf of Mercer & Hole LLP, Statutory Auditor
Chartered Accountants
Trinity Court
Church Street
Rickmansworth
WD3 1RT
10 July 2026
MCARDLE SPORT-TEC LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
19,828,401
16,668,594
Cost of sales
(15,306,202)
(13,039,464)
Gross profit
4,522,199
3,629,130
Administrative expenses
(2,361,700)
(2,088,094)
Operating profit
4
2,160,499
1,541,036
Interest receivable and similar income
7
109,678
165,876
Fair value gains and losses on investment properties
26,211
-
0
Profit before taxation
2,296,388
1,706,912
Tax on profit
8
(574,238)
(451,662)
Profit for the financial year
1,722,150
1,255,250

The Statement of Comprehensive Income has been prepared on the basis that all operations are continuing operations.

MCARDLE SPORT-TEC LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
697,702
710,727
Investments
11
1,026,500
-
0
1,724,202
710,727
Current assets
Debtors
12
1,806,703
2,495,410
Cash at bank and in hand
3,698,535
4,311,042
5,505,238
6,806,452
Creditors: amounts falling due within one year
13
(3,273,703)
(4,231,924)
Net current assets
2,231,535
2,574,528
Total assets less current liabilities
3,955,737
3,285,255
Creditors: amounts falling due after more than one year
14
(12,801)
(64,469)
Net assets
3,942,936
3,220,786
Capital and reserves
Called up share capital
17
100
100
Profit and loss reserves
3,942,836
3,220,686
Total equity
3,942,936
3,220,786
The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
C McArdle
Director
Company Registration No. 03692607
MCARDLE SPORT-TEC LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
100
3,965,436
3,965,536
Year ended 31 December 2024:
Profit and total comprehensive income
-
1,255,250
1,255,250
Dividends
9
-
(2,000,000)
(2,000,000)
Balance at 31 December 2024
100
3,220,686
3,220,786
Year ended 31 December 2025:
Profit and total comprehensive income
-
1,722,150
1,722,150
Dividends
9
-
(1,000,000)
(1,000,000)
Balance at 31 December 2025
100
3,942,836
3,942,936
MCARDLE SPORT-TEC LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
21
1,973,291
2,342,673
Income taxes paid
(642,181)
(687,376)
Net cash inflow from operating activities
1,331,110
1,655,297
Investing activities
Purchase of tangible fixed assets
(62,090)
(140,840)
Proceeds from disposal of tangible fixed assets
9,084
16,477
Purchase of investments
(1,001,486)
-
0
Proceeds from disposal of investments
1,197
-
0
Interest received
109,389
165,876
Dividends received
289
-
0
Net cash (used in)/generated from investing activities
(943,617)
41,513
Financing activities
Dividends paid
(1,000,000)
(2,000,000)
Net cash used in financing activities
(1,000,000)
(2,000,000)
Net decrease in cash and cash equivalents
(612,507)
(303,190)
Cash and cash equivalents at beginning of year
4,311,042
4,614,232
Cash and cash equivalents at end of year
3,698,535
4,311,042
MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
1
Accounting policies
Company information

McArdle Sport-Tec Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 - 2 Thames Park, Lester Way, Wallingford, Oxon, OX10 9TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company's net current asset position is strong and cash resources are sufficient to cover more than twelve month's overhead in the event of a sudden unexpected delayed downturn in trade. Trading in the post year end period to date of sign off has not shown any material downturn.true

In the event of a reduction in the order book, the directors have prepared detailed forecasts of future expenditure and cash resources and can identify a number of scenarios whereby expenditure could be cut back in order to operate within the constraints of their cash resources and to continue to meet their liabilities as they fall due.

Based on the forecasts and having applied reasonably possible downside scenarios, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.

1.3
Turnover

Turnover represents the value of work done during the year net of value added tax. The value of work done is calculated as the certified work plus the amount anticipated to be certified, adjusted for over and under measures.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold buildings
1% on cost
Plant and machinery
15% on written down value
Fixtures, fittings & equipment
25% on written down value / 20% on cost / 33% on cost
Motor vehicles
25% on written down value

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 12 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

1.7
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Assessing indicators of impairment

In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability. There have been no material indicators of impairments identified during the current financial year other than in respect of bad and doubtful trade debtor balances recognised in the financial statements.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Revenue recognition in respect of services

The company uses the percentage of completion method to recognise project revenue for fixed-price contracts. This method requires the directors to estimate the level of services performed at each reporting date as a proportion of the total services to be performed to complete the contract. Variations to estimates could result in the over or under recognition of revenue.

3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Design and construction of sports facilities
19,828,401
16,668,594
2025
2024
£
£
Other revenue
Interest income
109,389
165,876
Dividends received
289
-

All turnover for the current and prior year relates to work taken place in the United Kingdom.

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange gains
(604)
(6,235)
Fees payable to the company's auditor for the audit of the company's financial statements
12,500
11,750
Depreciation of tangible fixed assets
69,313
67,717
Profit on disposal of tangible fixed assets
(3,282)
(417)
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
General management
15
15
Operative labour
5
5
Administration
3
2
Total
23
22

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,079,949
1,748,856
Social security costs
281,704
217,438
Pension costs
342,750
403,550
2,704,403
2,369,844
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
1,153,030
800,078
Company pension contributions to defined contribution schemes
300,062
323,501
1,453,092
1,123,579

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 5 (2024 - 5).

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Directors' remuneration
(Continued)
- 17 -
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
241,689
213,336
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
109,389
165,876
Other income from investments
Dividends received
289
-
0
Total income
109,678
165,876
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
588,267
443,547
Deferred tax
Origination and reversal of timing differences
(14,029)
8,115
Total tax charge
574,238
451,662
MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Taxation
(Continued)
- 18 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,296,388
1,706,912
Expected tax charge based on the standard rate of corporation tax in the UK of 25% (2024: 25%)
574,097
426,728
Effects of:
Expenses that are not deductible in determining taxable profit
5,525
3,708
Income not taxable in determining taxable profit
(6,625)
-
0
Change in unrecognised deferred tax assets
-
0
19,913
Deferred tax adjustments in respect of prior years
1,313
1,313
Exempt ABGH distributions
(72)
-
0
Taxation charge in the financial statements
574,238
451,662
9
Dividends
2025
2024
£
£
Final paid
1,000,000
2,000,000
10
Tangible fixed assets
Freehold buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
525,000
110,643
153,102
316,386
1,105,131
Additions
-
0
17,130
11,035
33,925
62,090
Disposals
-
0
-
0
-
0
(43,294)
(43,294)
At 31 December 2025
525,000
127,773
164,137
307,017
1,123,927
Depreciation and impairment
At 1 January 2025
31,500
82,911
139,434
140,559
394,404
Depreciation charged in the year
5,250
5,890
8,442
49,731
69,313
Eliminated in respect of disposals
-
0
-
0
-
0
(37,492)
(37,492)
At 31 December 2025
36,750
88,801
147,876
152,798
426,225
MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Tangible fixed assets
Freehold buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
(Continued)
- 19 -
Carrying amount
At 31 December 2025
488,250
38,972
16,261
154,219
697,702
At 31 December 2024
493,500
27,732
13,668
175,827
710,727
11
Fixed asset investments
2025
2024
£
£
Listed investments
1,026,500
-
0
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
-
Additions
1,001,486
Valuation changes
26,211
Disposals
(1,197)
At 31 December 2025
1,026,500
Carrying amount
At 31 December 2025
1,026,500
At 31 December 2024
-
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,578,805
2,161,868
Other debtors
966
-
0
Prepayments and accrued income
143,258
112,370
1,723,029
2,274,238
Deferred tax asset (note 15)
65,796
51,767
1,788,825
2,326,005
MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12
Debtors
(Continued)
- 20 -
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
17,878
169,405
Total debtors
1,806,703
2,495,410
13
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,339,085
3,139,286
Amounts owed to group undertakings
5,580
5,580
Corporation tax
188,436
242,350
Other taxation and social security
535,680
696,890
Accruals and deferred income
204,922
147,818
3,273,703
4,231,924
14
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
12,801
64,469
15
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Assets
Assets
2025
2024
Balances:
£
£
Accelerated capital allowances
(37,414)
(38,487)
Short term timing differences
103,210
90,254
65,796
51,767

The deferred tax asset set out above has arisen due to timing differences and is expected to reverse on final settlement of costs which are not tax deductible until paid.

MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
342,750
403,550

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
18
Contingent liabilities

The directors have accrued for costs based on their best estimate of known claims, investigations and legal actions in progress. The company takes legal advice as to the potential outcomes of claims and actions and no provision is made where the directors consider, based on that advice, that the action is unlikely to succeed, or that the Company cannot make a sufficiently reliable estimate of the potential obligation.

19
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
1,629,135
1,225,335
Other information

The company is a wholly owned member of McArdle Sport-Tec Holdings Limited and as such has taken advantage of the exemption permitted by Section 33.1A 'Related Party Disclosures', not to provide disclosures of transactions entered into or with wholly-owned members of the group.

20
Ultimate controlling party

McArdle Sport-Tec Holdings Limited, a company registered in England and Wales, is the ultimate and immediate parent company, holding 100% of the issued share capital.

The following are t he parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
McArdle Sport-Tec Holdings Limited
Smallest group
McArdle Sport-Tec Holdings Limited
MCARDLE SPORT-TEC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
21
Cash generated from operations
2025
2024
£
£
Profit after taxation
1,722,150
1,255,250
Adjustments for:
Taxation charged
574,238
451,662
Investment income
(109,678)
(165,876)
Gain on disposal of tangible fixed assets
(3,282)
(417)
Fair value gain on investment properties
(26,211)
-
0
Depreciation and impairment of tangible fixed assets
69,313
67,717
Movements in working capital:
Decrease in debtors
702,736
759,830
Decrease in creditors
(955,975)
(25,493)
Cash generated from operations
1,973,291
2,342,673
22
Analysis of changes in net funds
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
4,311,042
(612,507)
3,698,535
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