REGISTERED NUMBER: 05151378 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

Off Site Solutions (R T) Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Statement of Directors' Responsibilities

6

Report of the Independent Auditors

7

Consolidated Statement of Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

J A M E Stephens

W A Tonkinson

R J B Tonkinson

REGISTERED OFFICE:

Polybeam House

Hoopers Close

Isleport Business Park

Highbridge

Somerset

TA9 4JU

REGISTERED NUMBER:

05151378 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Cook BSc FCA

AUDITORS:

A C Mole LLP

Chartered Accountants

& Statutory Auditor

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

BUSINESS REVIEW

The main activity of the business continues to be the manufacture of modular bathroom pods.

Turnover declined 17% from £27m for the year ended 31st December 2024, to £23m for the year ended 31st December 2025, which led to Operating Profit decreasing from £1.5m in FY2024 to £0.5m in FY2025.

Despite the reduction in turnover; tight internal cost controls resulted in only a marginal decrease in Gross Profit from 27.5% in 2024 to 26.2% in 2025.

The reduction in turnover during 2025 was very largely as a direct result of the UK Government's implementation of the Building Safety Act 2022 and the Gateway System which caused significant delays to the approval process for buildings greater than seven storeys tall.

At the start of 2025 we had a record order book but unfortunately the Gateway Approval process caused delays to many major projects and hence their requirement for bathroom pods. Thankfully these delays have now largely been resolved, allowing projects to commence, and increasing the demand for bathroom pods.

Trading throughout 2024 and 2025 saw the availability of labour improving and the price of materials and utilities stabilizing, which alongside numerous labour productivity, purchasing efficiency, and cost control initiatives resulted in sustained positive results.

Offsite Solutions' strategy to supply the UK construction industry with the broadest range of high-quality bathroom pods, at all price points, across all sectors, has proven resilient despite unprecedented economic turmoil and global events.

We finished the period in robust financial health with net assets of £4m. If interest rates and funding costs remain stable and construction activity increase, Offsite Solutions will be well placed to benefit. Going forward we are confident of consolidating our market leading position, continued growth and improving financial performance.

Given the solid financial performance and the robust balance sheet in 2024, the Board of Directors voted and paid a dividend in March 2025 in the amount of £23.00 per Ordinary Share, at a total cost of £300,610 in respect of FY2024.

Key performance indicators:

2025

2024

2023

2022

Pods sold

5,833

6,620

7,427

6,318

Sales

£22.6m

£27.1m

£31.1m

£27.7m

Operating profit/(loss)

£0.5m

£1.5m

£1.4m

£(1.9m

)

FUTURE TRADING

We continue to see strong interest in our products and our quotebook continues to see year on year growth. Clearly, there are some headwinds to navigate, created by political or global events, however the company is well positioned to weather any challenges ahead due to its exposure across different sectors.

We continue to experience some delays following Gateway 2 submissions, however it is worth noting that these delays are reduced compared to prior periods. As a result, there are several projects in the PBSA and BTR sectors that are now on site, following the necessary approvals, and which require pod deliveries. In addition, we are seeing increased demand from public sector procurement routes (e.g. MOD and MOJ). These factors, combined with bathroom pods required for hotel, BTR and PBSA projects, will result in significantly higher sales compared to previous years.

There is a noticeable increase in the demand for bathroom pods from companies who exhibit a high level of quality control and demonstrate rigorous testing procedures. The company has always positioned itself as offering a much higher quality product than its competitors, which has also contributed to increased activity levels and interest in our product range.

As a result, we are likely to see record sales in current and future periods as we continue to grow the business.

PRINCIPAL RISKS AND UNCERTAINTIES (CONTINUED)

The principal risks and uncertainties for the company are related to activity levels in the UK construction sector, the continued uptake of modular and offsite construction, and the availability of labour and materials.

Market Risks

In advance of Brexit the company carried out a comprehensive review of its supply chain to understand and mitigate the potential risks that may occur in the period immediately following the UK exit from the EU.

This review proved useful in understanding areas of potential weakness in the supply chain which may have come under strain during the Covid-19 Pandemic and the Russian invasion of Ukraine.

The company has good visibility of projects for the next two years, we continue to develop good long-term relationships not only with the major UK contractors and developers, but also with the major material and component suppliers. We continue to consolidate our position as the leading bathroom pod supplier in the UK.

The company has always spread its risk by operating across most construction sub-sectors, product types and price points. In addition, progress continues with overseas markets where there is a high level of interest in our products and service offerings. This enables the company to be well placed to take advantage of opportunities that may exist in certain sectors and geographies, whilst also reducing risks associated with concentrated sector exposure.

Business Risk

The business is affected by a number of risks and uncertainties.

A large proportion of the company's sales relate to large construction projects which can be subject to delays. A number of these projects are dependent on public and private sector funding.

The company is focused on building relationships with all the major specifiers, contractors and developers. Within its production facilities the aim is to have a long-term flexible workforce that can react to differing levels of demand whilst improving health and safety and maintaining the quality of workmanship.

Price Risk, Credit Risk, Liquidity Risk and Cashflow Risk

The business' principal instruments are bank balances, trade debtors, trade creditors and finance lease agreements. The main purpose of these instruments is to finance the business operations. In respect of bank balances, the liquidity risk is managed by maintaining the continuity of funding and flexibility through the use of an invoice discounting loan at floating rates of interest. All of the business' cash balance are held in such a way that achieves a competitive rate of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both age and credit limits. The company uses credit insurance to cover the debtor risk. The debtor amounts presented in the balance sheet are net of allowances for doubtful debts.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

DEVELOPMENT AND PERFORMANCE

The company has reviewed production processes and invested in both its workforce and equipment during the year. We use a balance of well-trained and experienced employed and agency staff to manage high production periods and for absence cover. We monitor the employment patterns in the area to ensure that we offer a competitive pay structure and recognise in advance any local development which may affect our position in the employment market.

MATTERS OF STRATEGIC IMPORTANCE

The matters of most strategic importance are in maintaining our market reputation and the continued development of our products, employees, and facilities. We have a very good reputation within the UK market and work closely with the major UK building contractors and developers. The improvement in quality is of great importance in maintaining the confidence that our customers have in our products and we therefore continue to review and invest in quality improvement processes and equipment.

During the year the company has been audited on several occasions by companies including; Achilles, Constructionline, Considerate Contractors as well as multiple main contractors. The company has consistently performed extremely well in these audits with considerably higher scores than our competitors which validates the investment made in its people, products, and processes.

FUTURE DEVELOPMENT

The company aims to consolidate its position as the leading supplier of high-quality modular bathroom pods in the UK. The company is well positioned to both increase turnover and market share over forthcoming years, whilst achieving a robust pre-tax profit position.

The board believes that the company's strategy together with its market position and experienced management team will continue to deliver successful business performance going forward.

ON BEHALF OF THE BOARD:

R J B Tonkinson - Director

9 June 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the manufacture and distribution of pre- assembled bathroom pods.

DIVIDENDS

During the year, a dividend totalling £300,610 was paid on the Ordinary £1 Shares in respect of the results for the year ended 31 December 2024.

No dividends will be distributed in respect of the year ended 31 December 2025.

RESEARCH AND DEVELOPMENT

The company continued to undertake research and development during the year and expects to incur further expenditure in the coming year. The company has a healthy pipeline of new products that will support sales growth in the years ahead.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

J A M E Stephens

W A Tonkinson

R J B Tonkinson

DISABLED PERSONS

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

EMPLOYEE INVOLVEMENT

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of principal risks and uncertainties, and future developments.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, A C Mole LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R J B Tonkinson - Director

9 June 2026

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group and of the profit or loss of the group 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;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Off Site Solutions (R T) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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

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

-	the parent company 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 Statement of Directors' Responsibilities set out on page six, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

Identifying and assessing potential risks of material misstatement due to irregularities

We considered the following when identifying and assessing risks of material misstatement due to irregularities, including fraud and non compliance with laws and regulations;

- the legal and regulatory framework in which the business operates

- the nature of the industry in which the business operates

- the control environment and controls established to mitigate such risks

- the results of our enquiries of management about their identification and assessment of risks of irregularities

- discussions within the audit engagement team about where fraud might occur

- the incentives for fraud.

Laws and regulations which are considered to be significant to the entity include those relating to health and safety, the requirements of financial reporting framework FRS102, the Companies Act 2006 and UK tax legislation. In addition we considered other laws and regulations which may not directly impact the financial statements but may impact on the operation of the company

As a result of these procedures we concluded that the greatest potential for material misstatements due to fraud arose in respect of revenue recognition. In accordance with International Auditing Standards we also concluded that a risk in relation to the potential for management override of controls existed.

Audit responses to the risks identified

We undertook audit procedures to respond to the risks identified, and designed our audit testing to respond to these

risks. The additional procedures we undertook included the following:

- Gaining an understanding of the company's procedures for ensuring compliance with laws and regulations

- Additional substantive testing of sales, ensuring that transactions arose from source documentation and applications, and that year end debtors are being paid through cash after date to ensure that sales are valid and cut off is correct

- Testing the appropriateness of journal entries and other adjustments

- Considering whether accounting estimates were indicative of potential bias

- Considering any transactions which arose outside the normal course of business

- Making enquiries of management.

We also communicated relevant laws and regulations and potential fraud risks to all engagement team members and

remained alert to any indicators of fraud or non compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Michael Cook BSc FCA (Senior Statutory Auditor)

for and on behalf of A C Mole LLP

Chartered Accountants

& Statutory Auditor

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

15 June 2026

TURNOVER

5

22,625,727

27,146,825

Cost of sales

16,697,527

19,692,616

GROSS PROFIT

5,928,200

7,454,209

Distribution costs

794,005

678,558

Administrative expenses

4,795,053

5,234,200

5,589,058

5,912,758

339,142

1,541,451

Other operating income

161,478

-

OPERATING PROFIT

8

500,620

1,541,451

Interest receivable and similar income

18,434

14,291

519,054

1,555,742

Amounts written off investments

9

-

21,281

519,054

1,534,461

Interest payable and similar expenses

10

125,982

217,656

PROFIT BEFORE TAXATION

393,072

1,316,805

Tax on profit

11

90,241

249,639

PROFIT FOR THE FINANCIAL YEAR

302,831

1,067,166

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

302,831

1,067,166

Profit attributable to:

Owners of the parent

302,831

1,067,166

Total comprehensive income attributable to:

Owners of the parent

302,831

1,067,166

FIXED ASSETS

Tangible assets

14

977,700

1,220,486

Investments

15

-

-

977,700

1,220,486

CURRENT ASSETS

Stocks

16

2,242,258

2,104,390

Debtors

17

8,827,871

5,350,093

Cash at bank and in hand

1,363,109

1,773,825

12,433,238

9,228,308

CREDITORS

Amounts falling due within one year

18

9,201,605

6,153,021

NET CURRENT ASSETS

3,231,633

3,075,287

TOTAL ASSETS LESS CURRENT LIABILITIES

4,209,333

4,295,773

CREDITORS

Amounts falling due after more than one year

19

(48,656

)

(94,026

)

DEFERRED TAX

23

(119,631

)

(162,922

)

NET ASSETS

4,041,046

4,038,825

CAPITAL AND RESERVES

Called up share capital

24

1,843,070

1,843,070

Retained earnings

25

2,197,976

2,195,755

SHAREHOLDERS' FUNDS

4,041,046

4,038,825

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

R J B Tonkinson - Director

FIXED ASSETS

Tangible assets

14

975,720

1,220,486

Investments

15

1

1

975,721

1,220,487

CURRENT ASSETS

Stocks

16

2,471,335

2,104,390

Debtors

17

8,696,061

5,272,608

Cash at bank and in hand

1,345,422

1,771,949

12,512,818

9,148,947

CREDITORS

Amounts falling due within one year

18

9,659,664

6,305,999

NET CURRENT ASSETS

2,853,154

2,842,948

TOTAL ASSETS LESS CURRENT LIABILITIES

3,828,875

4,063,435

CREDITORS

Amounts falling due after more than one year

19

(48,656

)

(94,026

)

DEFERRED TAX

23

(119,631

)

(162,922

)

NET ASSETS

3,660,588

3,806,487

CAPITAL AND RESERVES

Called up share capital

24

1,843,070

1,843,070

Retained earnings

25

1,817,518

1,963,417

SHAREHOLDERS' FUNDS

3,660,588

3,806,487

Company's profit for the financial year

154,711

1,045,427

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

R J B Tonkinson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1,843,070

1,128,589

2,971,659

Changes in equity

Total comprehensive income

-

1,067,166

1,067,166

Balance at 31 December 2024

1,843,070

2,195,755

4,038,825

Changes in equity

Dividends

-

(300,610

)

(300,610

)

Total comprehensive income

-

302,831

302,831

Balance at 31 December 2025

1,843,070

2,197,976

4,041,046

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1,843,070

1,130,813

2,973,883

Changes in equity

Cumulative amortisation of original goodwill on acquisition

-

(212,823

)

(212,823

)

Total comprehensive income

-

1,045,427

1,045,427

Balance at 31 December 2024

1,843,070

1,963,417

3,806,487

Changes in equity

Dividends

-

(300,610

)

(300,610

)

Total comprehensive income

-

154,711

154,711

Balance at 31 December 2025

1,843,070

1,817,518

3,660,588

Cash flows from operating activities

Cash generated from operations

1

(3,303,253

)

6,501,369

Interest paid

(121,329

)

(205,121

)

Interest element of hire purchase payments paid

(4,653

)

(12,535

)

Tax repaid

(20,176

)

-

Net cash from operating activities

(3,449,411

)

6,283,713

Cash flows from investing activities

Purchase of tangible fixed assets

(172,813

)

(362,921

)

Sale of intangible fixed assets

-

21,281

Sale of tangible fixed assets

34,792

40,694

Interest received

18,434

14,291

Net cash from investing activities

(119,587

)

(286,655

)

Cash flows from financing activities

New loans in year

1,281,657

-

Loan repayments in year

(1,124,344

)

(649,467

)

Capital repayments in year

(42,858

)

(94,139

)

Net movement on invoice discounting

3,344,437

(4,285,659

)

Equity dividends paid

(300,610

)

-

Net cash from financing activities

3,158,282

(5,029,265

)

(Decrease)/increase in cash and cash equivalents

(410,716

)

967,793

Cash and cash equivalents at beginning of year

2

1,773,825

806,032

Cash and cash equivalents at end of year

2

1,363,109

1,773,825

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

393,072

1,316,805

Depreciation charges

378,571

460,319

Loss/(profit) on disposal of fixed assets

2,236

(2,000

)

Finance costs

125,982

217,656

Finance income

(18,434

)

(14,291

)

881,427

1,978,489

Increase in stocks

(137,868

)

(76,038

)

(Increase)/decrease in trade and other debtors

(3,477,778

)

4,431,655

(Decrease)/increase in trade and other creditors

(569,034

)

167,263

Cash generated from operations

(3,303,253

)

6,501,369

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

1,363,109

1,773,825

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,773,825

806,032

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

1,773,825

(410,716

)

1,363,109

1,773,825

(410,716

)

1,363,109

Debt

Finance leases

(136,627

)

42,858

(93,769

)

Debts falling due within 1 year

(1,491,084

)

(3,501,750

)

(4,992,834

)

(1,627,711

)

(3,458,892

)

(5,086,603

)

Total

146,114

(3,869,608

)

(3,723,494

)

1.	STATUTORY INFORMATION

Off Site Solutions (R T) 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's and the group's principal activity and nature of operations are disclosed in the Report of the Directors.

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going Concern

The group meets its day-to-day working capital requirements through an invoice financing facility to supplement cash reserves in managing the group's working capital requirements. The group forecasts and projections, taking account of possible changes in trading conditions, show the group should be able to operate within its current bank facilities and borrowings.

The directors therefore continue to adopt the going concern basis in preparing the financial statements.

Financial Reporting Standard 102 - company reduced disclosure exemptions

The 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. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

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

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Section 33.7 'Related Party Disclosures' - Compensation for key management personnel.

Basis of consolidation

The consolidated financial statements incorporate those of Off Site Solutions (R T) Limited and all of its subsidiaries (i.e. entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits) drawn up to 31 December 2025. No profit and loss account is presented for the company as permitted by section 408 of the Companies Act 2006

Subsidiaries are consolidated from the date of their acquisition, being the date on which the group obtains control and continue to be consolidated until the date that such control ceases.

In the company financial statements investments in subsidiaries are accounted for at cost less impairment.

Related party exemption

The Group and 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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.