REGISTERED NUMBER: 03746288 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Central Roofing and Building Services

Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

Directors:

D Alden

J Broady

Mrs A S Lewis

D J Mccarthy

J Price

R Rigby

G Withers

Registered office:

Central Park

Holmer Road

Hereford

HR4 9BP

Registered number:

03746288 (England and Wales)

Auditors:

Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

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

Review of business

The principal activity of the company during the year continued to be that of roofing and building services.

The key performance indicators are considered to be those that communicate the financial performance and strength of the company, being turnover, gross and operating margins and working capital ratios.

Turnover for the year was £37.7m, a 3% increase pro rata (31/12/2024: £36.5m) with a gross profit margin achieved of 35.1 % (31/12/2024: 34.0%) and an operating profit margin of 14.0% (31/12/2024: 15.1%). Profit after tax for the period was £4.3m (31/12/2024: £4.5m). Dividends of £3.05m (31/12/2024 £2.35m) were paid to the parent company meaning retained profits increased by £1.25m (31/12/2024 increased by £2.2m). Shareholders' funds stood at £22.0m at the end of the period (31/12/2024: £20.6m). The current ratio decreased from 4.30 at 31 December 2024 to 3.31 at 31 December 2025; excluding group debt, the ratio decreased from 2.60 to 2.09. Debtor days were 61 days (31/12/2024 46 days).

The profit and loss, balance sheet and cashflow are all monitored monthly through the year by comparison to budget and prior year performance.

Despite challenging macro-economic conditions, as a board, we are satisfied with the performance of the company for the year.

Principal risks and uncertainties

The risks facing the company are assessed on an ongoing basis. The directors evaluate the likelihood and potential impact of each of the risks and ensure appropriate action is taken to mitigate it.

Future developments

There are a number of areas of opportunity that can help to increase the growth of the business including new branches, growth with existing client base, and working on maintenance agreements with clients close to the branches. Implementing growth plans will be a key duty for the Central Group sales team. We believe we are strongly positioned to proceed with our growth plans.

On behalf of the board:

R Rigby - Director

3 June 2026

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

Principal activity

The principal activity of the company in the year under review was that of roofing and building services.

Dividends

The directors have proposed a dividend of £3,050,000 (2024 £2,350,000) for the year.

Directors

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

D Alden

J Broady

Mrs A S Lewis

D J Mccarthy

J Price

R Rigby

G Withers

Political donations and expenditure

No political donations were made in the year.

Financial risk management objectives and policies

The company aims to minimise financial risks by applying the following practices:

Price Risk - agreeing sales and (as far as possible) costs in advance of commencing work on contracts.

Credit Risk - employing sensible credit control procedures to ensure minimal bad debts.

Liquidity/Cashflow Risk - agreeing regular invoicing on work.

Disclosure in the strategic report

Certain disclosures required by the Companies Act 2006 have been included in the Strategic report on page 2.

Statement of directors' responsibilities

The directors are responsible for preparing the 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 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;

-	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.

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 company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Acre Accountancy Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

R Rigby - Director

3 June 2026

Opinion

We have audited the financial statements of Central Roofing and Building Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 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 Auditors' 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, 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 Statement of Directors' Responsibilities set out on pages three and four, 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 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.

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:

We enquired with management about the legal framework that the company operates in. We also enquired about the risk of fraud and whether they were aware of any instances of fraud.

We communicated the outcome of this risk assessment with the audit team and planned our audit work accordingly. Our work in these areas is limited to analytical procedures and inspection of relevant documentation. Where a breach of operational regulations is not disclosed to us, or it is not evident from documentation that we receive during the audit, an audit will not detect that breach.

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.

Russell Spencer (Senior Statutory Auditor)

for and on behalf of Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

3 June 2026

TURNOVER

37,746,674

36,496,653

Cost of sales

(24,496,480

)

(24,098,478

)

GROSS PROFIT

13,250,194

12,398,175

Administrative expenses

(7,956,383

)

(6,886,516

)

OPERATING PROFIT

4

5,293,811

5,511,659

Interest receivable and similar income

249,059

189,239

5,542,870

5,700,898

Interest payable and similar expenses

5

(1,667

)

(14,361

)

PROFIT BEFORE TAXATION

5,541,203

5,686,537

Tax on profit

6

(1,144,442

)

(1,132,549

)

PROFIT FOR THE FINANCIAL YEAR

4,396,761

4,553,988

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,396,761

4,553,988

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

1,832,667

1,627,441

1,832,667

1,627,441

CURRENT ASSETS

Stocks

10

93,661

87,345

Debtors

11

19,644,270

17,817,426

Cash at bank and in hand

9,534,830

7,197,583

29,272,761

25,102,354

CREDITORS

Amounts falling due within one year

12

(8,853,423

)

(5,873,497

)

NET CURRENT ASSETS

20,419,338

19,228,857

TOTAL ASSETS LESS CURRENT LIABILITIES

22,252,005

20,856,298

PROVISIONS FOR LIABILITIES

14

(277,461

)

(228,515

)

NET ASSETS

21,974,544

20,627,783

CAPITAL AND RESERVES

Called up share capital

15

88,757

88,757

Capital redemption reserve

7,831

7,831

Retained earnings

21,877,956

20,531,195

SHAREHOLDERS' FUNDS

21,974,544

20,627,783

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

R Rigby - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

88,757

18,327,207

7,831

18,423,795

Changes in equity

Dividends

-

(2,350,000

)

-

(2,350,000

)

Total comprehensive income

-

4,553,988

-

4,553,988

Balance at 31 December 2024

88,757

20,531,195

7,831

20,627,783

Changes in equity

Dividends

-

(3,050,000

)

-

(3,050,000

)

Total comprehensive income

-

4,396,761

-

4,396,761

Balance at 31 December 2025

88,757

21,877,956

7,831

21,974,544

1.	STATUTORY INFORMATION

Central Roofing and Building Services 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The company has an extensive order book of long-term contracts with a number of customers and suppliers across different geographical areas. As a consequence, the directors believe the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The company is included by full consolidation in the the consolidated financial statements of its ultimate parent company, Central Roofing TopCo Limited. The registered office of Central Roofing TopCo Limited is: Central Park, Holmer Road, Hereford, HR4 7QL.

Significant judgements and estimates

The preparation of financial statements requires the use of certain accounting estimates. It also requires the Directors to exercise judgement in applying the company's accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements are disclosed below:

Long-term contract work in progress

In respect of long term contracts, profit is only recognised when the contracts outcome can be assessed with reasonable certainty. Long terms contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as the contract progresses. The stage of completion of the contract is assessed by comparing the cost of work completed at the financial year end with the total anticipated cost of the contract.

Depreciation of tangible fixed assets

Depreciation is calculated based on an estimate of the useful economic life of each category of fixed assets together with an estimate of the assets' residual values. The estimates of each asset category's useful economic life have been stated above.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

at varying rates on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

Straight line over 7 years

Computer equipment

-

33% on cost

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

The company deals only in basic financial instruments, which are accounted for in accordance with section 11 of FRS102.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities.Financial liabilities are presented as such in the balance sheet. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Current asset investments

Investments comprise signed memorabilia at cost less permanent diminution in value.

Fixed asset investments

Listed investments held as fixed assets are shown at market value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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

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

2025

2024

£

£

Wages and salaries

7,098,657

6,429,897

Social security costs

830,247

611,911

Other pension costs

307,520

267,540

8,236,424

7,309,348

The average number of employees during the year was as follows:

2025

2024

Office

80

70

Operative

67

65

147

135

2025

2024

£

£

Directors' remuneration

878,123

744,995

Directors' pension contributions to money purchase schemes

35,458

36,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

7

7

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

204,403

174,209

Pension contributions to money purchase schemes

4,125

6,000

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

1,098,272

979,731

Other operating leases

342,620

227,695

Depreciation - owned assets

265,245

314,549

(Profit)/loss on disposal of fixed assets

(1,131

)

7,714

Auditors' remuneration

32,500

25,000

Auditors remuneration for

non audit work

10,000

7,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

HMRC interest paid

1,667

14,361

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

1,095,496

1,091,793

Deferred tax

48,946

40,756

Tax on profit

1,144,442

1,132,549

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

5,541,203

5,686,537

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

1,385,301

1,421,634

Effects of:

Expenses not deductible for tax purposes

12,748

10,237

Group relief

(257,928

)

(302,267

)

Pension contributions timing

(503

)

(1,879

)

Effect of depreciation on assets ineligible for CA's

4,824

4,824

Total tax charge

1,144,442

1,132,549

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

3,050,000

2,350,000

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 January 2025

and 31 December 2025

599,000

Amortisation

At 1 January 2025

and 31 December 2025

599,000

Net book value

At 31 December 2025

-

At 31 December 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 January 2025

1,124,073

123,536

278,916

Additions

-

-

396,603

Disposals

-

(53,102

)

(4,617

)

Reclassification/transfer

(15,400

)

-

15,400

At 31 December 2025

1,108,673

70,434

686,302

Depreciation

At 1 January 2025

389,446

118,436

240,743

Charge for year

19,414

787

31,728

Eliminated on disposal

-

(53,102

)

(4,067

)

At 31 December 2025

408,860

66,121

268,404

Net book value

At 31 December 2025

699,813

4,313

417,898

At 31 December 2024

734,627

5,100

38,173

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2025

1,338,184

215,858

3,080,567

Additions

64,828

34,792

496,223

Disposals

(108,837

)

(14,984

)

(181,540

)

Reclassification/transfer

-

-

-

At 31 December 2025

1,294,175

235,666

3,395,250

Depreciation

At 1 January 2025

550,319

154,182

1,453,126

Charge for year

175,527

37,789

265,245

Eliminated on disposal

(86,919

)

(11,700

)

(155,788

)

At 31 December 2025

638,927

180,271

1,562,583

Net book value

At 31 December 2025

655,248

55,395

1,832,667

At 31 December 2024

787,865

61,676

1,627,441

10.

STOCKS

2025

2024

£

£

Stocks

93,661

87,345