Company registration number 01933766 (England and Wales)
ROCKSTONE SURFACING LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ROCKSTONE SURFACING LIMITED
COMPANY INFORMATION
Directors
Mr S M Dziubinski
Mrs L J Dziubinski
Company number
01933766
Registered office
Central Trading Estate
Signal Way
Swindon
Wiltshire
SN3 1PD
Auditor
Haines Watts Swindon Limited
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU
ROCKSTONE SURFACING LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of income and retained earnings
7
Statement of financial position
8
Notes to the financial statements
9 - 20
ROCKSTONE SURFACING LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

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

Review of the business

Summary of year-end 31/08/202 5

A moderate increase in turnover of 13.2% (£14.9m) reflected in continued recovery after recent challenging years for the Company.

Key market; UK new build housing, with mortgage approval rates, sale prices, and overall output levels remaining low throughout 2025.

Continued investment in the Company has ensured robust development of the management team, and supportive and operational roles, ensuring operational strength for the future. Sustained investment in plant and vehicles continues to ensure business continuity. Nationally recogni s ed Quality Management System accreditations for ISO:9001 and National Highways Sector Scheme 16 have been re-awarded once again. Continued focus on quality management and finessing of internal processes has offered increased visibility and traceability to all areas of the business, in turn lowering cost of sales.

Operating profit (£451 k) has a margin of 3.0% as compared to 8.6% in the previous year. The reduction is largely to do with the exceptional items in the prior year. Gross profit (£2.5m) has a margin that de creased from 1 9.6% to 1 7.0% reflecting the increase in the cost raw materials.

2025/26 Outlook

The Company will continue to build upon the previous year's successful performance focusing attention towards the developed quality management system, customer satisfaction and solidifying our position with existing key clients whilst also pursuing a newly emerging customer base, available through both accreditation and marketing streams. Focusing on these key aspects will ensure a strong position is maintained in the face of economic uncertainty as it develops both in Europe and Internationally. This continues to affect both raw material prices and the certainty of continued investment in key sectors. The Company remains optimistic for another successful year and will continue to develop new and effective solutions to emerging challenges.

Principal risks and uncertainties

Whilst well documented, the full impact of leaving the European Union remains to be felt within the construction industry and the Company will continue to focus on business-critical elements that may be affected in the future:

Available labour: The Company will continue to invest in the training and development of home-grown talent for managerial, manual and skilled rolls within the workforce.

Legislative Change: Added personnel within commercial, technical and managerial positions will facilitate swift transition as the country migrates from previous EU-driven legislation.

On behalf of the board

Mr S M Dziubinski
Director
11 August 2026
ROCKSTONE SURFACING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

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

Principal activities

The principal activity of the company is the provision of sub-contract civil engineering, macadam and resinous

surfacing in the South of England and South Wales.

Results and dividends

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

Ordinary dividends were paid amounting to £1,732,190. The directors do not recommend payment of a final dividend.

Directors

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

Mr S M Dziubinski
Mrs L J Dziubinski
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.

On behalf of the board
Mr S M Dziubinski
Director
11 August 2026
ROCKSTONE SURFACING LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 AUGUST 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.

ROCKSTONE SURFACING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROCKSTONE SURFACING LIMITED
- 4 -
Opinion

We have audited the financial statements of Rockstone Surfacing Limited (the 'company') for the year ended 31 August 2025 which comprise the statement of income and retained earnings, the statement of financial position 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 August 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.

ROCKSTONE SURFACING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROCKSTONE SURFACING 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.

We obtained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant were identified as the Companies Act 2006, UK GAAP (FRS102) and relevant tax legislation.

We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:

- making enquires of directors and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud;

- obtaining an understanding of the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

- assessing the design effectiveness of the controls in place to prevent and detect fraud;

- assessing the risk of management override including identifying and testing journal entries; and

- challenging the assumptions and judgements made by management in its significant accounting estimates.

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

ROCKSTONE SURFACING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROCKSTONE SURFACING 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 members, as a body, 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 members those matters we are required to state to them 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Emma Skinner FCCA (Senior Statutory Auditor)
For and on behalf of Haines Watts Swindon Limited, Statutory Auditor
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU
11 August 2026
ROCKSTONE SURFACING LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
2025
2024
Notes
£
£
Turnover
14,918,490
13,179,089
Cost of sales
(12,389,228)
(10,591,808)
Gross profit
2,529,262
2,587,281
Administrative expenses
(2,077,971)
(2,046,924)
Other operating income
-
0
59,711
Exceptional item
3
-
0
534,425
Operating profit
4
451,291
1,134,493
Interest receivable and similar income
7
48,079
75,070
Profit before taxation
499,370
1,209,563
Tax on profit
8
(104,600)
(157,617)
Profit for the financial year
394,770
1,051,946
Retained earnings brought forward
3,287,710
5,052,264
Dividends
9
(1,732,190)
(2,816,500)
Retained earnings carried forward
1,950,290
3,287,710

The income statement has been prepared on the basis that all operations are continuing operations.

ROCKSTONE SURFACING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2025
31 August 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
636,559
621,948
Current assets
Debtors
12
3,511,493
2,642,733
Cash at bank and in hand
350,050
2,461,427
3,861,543
5,104,160
Creditors: amounts falling due within one year
13
(2,388,091)
(2,282,810)
Net current assets
1,473,452
2,821,350
Total assets less current liabilities
2,110,011
3,443,298
Provisions for liabilities
Deferred tax liability
15
159,621
155,488
(159,621)
(155,488)
Net assets
1,950,390
3,287,810
Capital and reserves
Called up share capital
17
100
100
Profit and loss reserves
1,950,290
3,287,710
Total equity
1,950,390
3,287,810

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 11 August 2026 and are signed on its behalf by:
Mr S M Dziubinski
Director
Company registration number 01933766 (England and Wales)
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
1
Accounting policies
Company information

Rockstone Surfacing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Central Trading Estate, Signal Way, Swindon, Wiltshire, SN3 1PD.

1.1
Basis of preparation

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

The financial statements of the company are consolidated in the financial statements of Rockstone Surfacing Group Holdings Limited. These consolidated financial statements are available from its registered office, Central Trading Estate, Signal Way, Swindon, Wiltshire, SN3 1PD

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 10 -
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 or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line basis
Motor vehicles
20% straight line basis
Office equipment
20% straight line basis

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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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 (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) 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, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents 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. Bank overdrafts are shown within borrowings in current liabilities.

ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 11 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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.

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. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal 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.

ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 12 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 income statement 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.

ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 13 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

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.

ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 14 -
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.

Provision for bad debts

The Company provides for debts which are significantly aged or where there is doubt over their recoverability. This provision is regularly reviewed by management to ensure that the recoverable amount of trade debtors is not overstated.

Revenue - stage of completion

Revenue recognised on construction contracts not complete at the year end are based on an estimation of the percentage of works which have been completed at the reporting date. This is estimated by taking the costs incurred on a contract at the reporting date over the total costs to complete.

Due to the nature of the contracts the entity enters into, total contract costs are known shortly after the year end are can therefore be used to estimate the stage of completion at the reporting date.

3
Exceptional item
2025
2024
£
£
Expenditure
Profit on sale of fixed assets
-
(534,425)

In 2024, the company transferred ownership of investment property to a company under common control. The transfer crystalised a profit on disposal of £534,425

4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
14,195
12,075
Depreciation of tangible fixed assets
259,889
256,105
Profit on disposal of tangible fixed assets
-
(11,920)
Operating lease charges
60,000
-
5
Employees

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

2025
2024
Number
Number
63
57
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
5
Employees
(Continued)
- 15 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
3,397,237
2,928,336
Social security costs
398,277
321,711
Pension costs
53,111
46,448
3,848,625
3,296,495
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
59,752
39,859
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
46,584
75,070
Other interest income
1,495
-
0
Total income
48,079
75,070
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
100,467
226,900
Deferred tax
Origination and reversal of timing differences
4,133
(69,283)
Total tax charge
104,600
157,617
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
8
Taxation
(Continued)
- 16 -

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
499,370
1,209,563
Expected tax charge based on the standard rate of corporation tax in the UK of 25% (2024: 25%)
124,843
302,391
Effects of:
Expenses that are not deductible in determining taxable profit
6,242
7,909
Income not taxable in determining taxable profit
(481)
-
0
Depreciation on assets not qualifying for tax allowances
(6,675)
53,186
Tax under/(over) provided in prior years
(23,462)
-
0
Deferred tax movement
4,133
(69,283)
Balancing charge / profit on disposal
-
0
(136,586)
Taxation charge in the financial statements
104,600
157,617
9
Dividends
2025
2024
£
£
Interim paid
1,732,190
2,816,500
10
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
300,000
Amortisation and impairment
At 1 September 2024 and 31 August 2025
300,000
Carrying amount
At 31 August 2025
-
0
At 31 August 2024
-
0
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 17 -
11
Tangible fixed assets
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 September 2024
142,346
1,063,451
2,456,288
3,662,085
Additions
10,323
216,323
47,854
274,500
At 31 August 2025
152,669
1,279,774
2,504,142
3,936,585
Depreciation and impairment
At 1 September 2024
142,345
670,925
2,226,867
3,040,137
Depreciation charged in the year
1,102
123,807
134,980
259,889
At 31 August 2025
143,447
794,732
2,361,847
3,300,026
Carrying amount
At 31 August 2025
9,222
485,042
142,295
636,559
At 31 August 2024
1
392,526
229,421
621,948
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,851,142
2,296,032
Other debtors
530,451
232,700
Prepayments and accrued income
129,900
114,001
3,511,493
2,642,733

Included within trade debtors is £14,341 (2024: £nil) in relation to retention assets receivable after 12 months.

13
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
14
14,102
11,682
Trade creditors
2,002,249
1,840,423
Amounts owed to group undertakings
-
0
9,097
Corporation tax
123,929
248,160
Other taxation and social security
110,792
97,999
Other creditors
17,183
15,584
Accruals and deferred income
119,836
59,865
2,388,091
2,282,810
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 18 -
14
Loans and overdrafts
2025
2024
£
£
Bank overdrafts
14,102
11,682
Payable within one year
14,102
11,682
15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
159,140
155,488
Unwinding of provsions
481
-
159,621
155,488
2025
Movements in the year:
£
Liability at 1 September 2024
155,488
Charge to profit or loss
4,133
Liability at 31 August 2025
159,621
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
53,111
46,448

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
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 19 -
18
Contingent liabilities

The company is engaged in a legal claim whereby a company vehicle was involved in a road traffic collision. The insurers of the vehicle have appointed a firm of solicitors to defend the claim

At the date of the audit report, it is not possible to estimate the financial effect or timing

19
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Other related parties
60,000
-
Remuneration
2025
2024
£
£
Key management personnel
532,480
575,064

During the year, the company leased their head office from SMDLJD Property Holdings Limited, a company under common control

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Key management personnel
35,644
9,444
Other related parties
2,071
-

At the year end the company was owed £2,071 (2024: £nil) by SMDLJD Property Holdings Limited, a company under common control.

The balance relates to costs incurred on behalf of SMDLJD Property Holdings Limited, that had not been settled at the reporting date.

At the year end, the company was owed £35,644 (2024 £9,444) by key management personnel. The loans are interest free and repayable on demand

20
Directors' transactions

Dividends totalling £0 (2024 - £174,400) were paid in the year in respect of shares held by the company's directors.

21
Ultimate controlling party
ROCKSTONE SURFACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
21
Ultimate controlling party
(Continued)
- 20 -

The ultimate parent company is Rockstone Surfacing Group Holdings Limited. The registered office of Rockstone Surfacing Group Holdings Limited is Central Trading Estate, Signal Way, Swindon, Wiltshire, United Kingdom, SN3 1PD

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