Todds Highway Maintenance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03275395 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Todds Highway Maintenance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M Todd

D J Todd

C L Todd

A Todd

REGISTERED OFFICE:

Henson Road

Yarm Road Business Park

Darlington

Co Durham

DL1 4QD

REGISTERED NUMBER:

03275395 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Tangible assets

4

2,644,531

3,167,024

Investment property

5

405,873

3,050,404

3,572,897

CURRENT ASSETS

Stocks

6

59,500

88,200

Debtors

7

1,339,069

1,642,061

Cash at bank and in hand

446,009

816,007

1,844,578

2,546,268

CREDITORS

Amounts falling due within one year

8

(1,003,862

)

(972,084

)

NET CURRENT ASSETS

840,716

1,574,184

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,891,120

5,147,081

CREDITORS

Amounts falling due after more than one
year

9

(445,285

)

(731,519

)

PROVISIONS FOR LIABILITIES

12

(659,618

)

(790,242

)

NET ASSETS

2,786,217

3,625,320

CAPITAL AND RESERVES

Called up share capital

13

113

Revaluation reserve

14

115,884

Retained earnings

2,670,220

3,509,323

2,786,217

3,625,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

C L Todd - Director

1.	STATUTORY INFORMATION

Todds Highway Maintenance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group nor those conducted under normal market conditions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when the performance obligations attached to the delivery of services have been substantially fulfilled.

Rental income is recognised in accordance with the contractual terms of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on reducing balance and 20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Assets are held at cost less accumulated depreciation and provisions for impairment.

Grants

Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account when entitled.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 December 2024

6,973,488

55,768

345,295

7,374,551

Additions

457,541

1,885

151,396

610,822

Disposals

(120,000

)

-

(120,000

)

At 30 November 2025

7,311,029

57,653

496,691

7,865,373

DEPRECIATION

At 1 December 2024

3,942,774

48,653

216,100

4,207,527

Charge for year

1,089,334

1,722

38,571

1,129,627

Eliminated on disposal

(116,312

)

-

(116,312

)

At 30 November 2025

4,915,796

50,375

254,671

5,220,842

NET BOOK VALUE

At 30 November 2025

2,395,233

7,278

242,020

2,644,531

At 30 November 2024

3,030,714

7,115

129,195

3,167,024

Assets are held at cost less accumulated depreciation and provisions for impairment.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 December 2024

and 30 November 2025

2,858,542

DEPRECIATION

At 1 December 2024

1,238,003

Charge for year

534,778

At 30 November 2025

1,772,781

NET BOOK VALUE

At 30 November 2025

1,085,761

At 30 November 2024

1,620,539

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

405,873

NET BOOK VALUE

At 30 November 2025

405,873

At 30 November 2024

405,873

The directors consider the current valuation of investment properties to be appropriate based on current market values.

6.

STOCKS

2025

2024

£

Stocks

59,500

88,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,022,723

1,165,070

Other debtors

17,620

65,117

Directors' current accounts

72,287

166,179

VAT

17,921

54,293

Prepayments

208,518

191,402

1,339,069

1,642,061

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 10)

351,612

383,019

Trade creditors

379,885

357,845

Taxation and social security

111,130

201,186

Other creditors

8,481

6,058

Directors' current accounts

75,074

11,709

Accruals and deferred income

77,680

12,267

1,003,862

972,084

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts (see note 10)

445,285

731,519

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

351,612

383,019

Between one and five years

445,285

731,519

796,897

1,114,538

Non-cancellable

operating leases

2025

2024

£

Within one year

18,000

18,042

Between one and five years

19,500

37,500

55,542

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

796,897

1,114,538

Hire purchase agreements are secured via the assets to which they relate.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

659,618

790,242

Deferred

tax

£

Balance at 1 December 2024

790,242

Accelerated capital allowances

(130,624

)

Balance at 30 November 2025

659,618

13.	CALLED UP SHARE CAPITAL

2025

2024

Number

Class

Nominal Value

£

Ordinary

410

A

£0.10

41

390

B

£0.10

39

100

C

£0.10

10

100

D

£0.10

10

74

E

£0.10

7.40

59

F

£0.10

5.9

113.30

14.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

115,884

Revaluation reserve represents the increase in the fair value of investment property.

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

D J Todd

Balance outstanding at start of year

45,851

23,281

Amounts advanced

213,058

223,243

Amounts repaid

(332,019

)

(200,673

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(73,110

)

45,851

G M Todd

Balance outstanding at start of year

120,328

(10,818

)

Amounts advanced

263,474

382,874

Amounts repaid

(327,763

)

(251,728

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

56,039

120,328

C L Todd

Balance outstanding at start of year

(3,353

)

41

Amounts advanced

96,874

62,754

Amounts repaid

(77,273

)

(66,148

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,248

(3,353

)