ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 01136219

TARWAYS ASPHALTE CO LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

TARWAYS ASPHALTE CO LIMITED

COMPANY INFORMATION

Directors	D W Batterton
	T J Batterton
	R W Lowe
	A P C Myers (appointed 20 January 2026)


Registered number	01136219


Registered office	Goodlass Road
	Speke
	Liverpool
	Merseyside
	L24 9HJ


Independent auditors	Langtons Professional Services Limited
	Statutory Auditors & Chartered Accountants
	The Plaza
	100 Old Hall Street
	Liverpool
	L3 9QJ

TARWAYS ASPHALTE CO LIMITED

CONTENTS

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditors' Report	4 - 7
Statement of Income and Retained Earnings	8
Balance Sheet	9 - 10
Notes to the Financial Statements	11 - 26

TARWAYS ASPHALTE CO LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Business review

The Company operates as an asphalt laying and surfacing contractor in the North West, delivering services across commercial, local authority, and infrastructure projects. Activity during the year has remained strong, supported by continued demand for maintenance and resurfacing works, with revenues driven by a stable order book and repeat contracts. The Directors continue to focus on operational efficiency, cost control, and maintaining strong client relationships to support sustainable growth.

Principal risks and uncertainties

The business is exposed to fluctuations in raw material and fuel costs, which can impact margins where increases cannot be fully passed on to customers. The Company also faces operational risks including health and safety compliance, reliance on skilled labour, and potential delays due to weather or project scheduling. Credit risk is managed through ongoing monitoring of receivables, including retention balances, and the Directors consider the overall risk profile to be stable.

Financial key performance indicators

The Directors monitor performance through key financial metrics including turnover growth, gross profit margin, and operating profit. During the year, turnover increased in line with expectations, whilst margins were maintained despite cost pressures through effective pricing and cost management. Cash flow and debtor recovery, including the management of retentions, remain a key focus to support working capital requirements.

This report was approved by the board on 23 September 2026 and signed on its behalf.

D W Batterton

Director

Page 1

TARWAYS ASPHALTE CO LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements 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 to 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.

Results and dividends

The profit for the year, after taxation, amounted to £993,209 (2024 - £904,831).

Dividends totalling £663,037 (2024 - £633,416) were proposed and fully paid within the year. No final dividend is proposed.

Directors

The directors who served during the year were:

D W Batterton

T J Batterton

R W Lowe

D L Robinson (resigned 11 December 2025)

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 2

TARWAYS ASPHALTE CO LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Auditors

The auditors, Langtons Professional Services Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 23 September 2026 and signed on its behalf.

D W Batterton

Director

Page 3

TARWAYS ASPHALTE CO LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TARWAYS ASPHALTE CO LIMITED

Opinion

We have audited the financial statements of Tarways Asphalte Co Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, 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 United Kingdom, including the Financial Reporting Council'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.

Page 4

TARWAYS ASPHALTE CO LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TARWAYS ASPHALTE CO LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.

Opinion 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 Directors' Report 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.

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 Directors' Report.

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' Responsibilities Statement set out on page 2, 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.

Page 5

TARWAYS ASPHALTE CO LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TARWAYS ASPHALTE CO LIMITED (CONTINUED)

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 an Auditors' 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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

The objectives of our audit, in respect to fraud, are:

• to identify and assess the risks of material misstatement of the financial statements due to fraud;
• to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due
to fraud, through designing and implementing appropriate responses; and
• to respond appropriately to fraud or suspected fraud identified during the audit.

However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company
and determined that the most significant are those that relate to the reporting framework (FRS 102 and
the Companies Act 2006), the relevant tax compliance regulations in the UK and the EU General Data
Protection Regulation (GDPR).

We understood how the Company is complying with those frameworks by making enquiries of management.

Through consideration of the results of our audit procedures we were able to either corroborate or provide contrary evidence which was then followed up.

Based on our understanding we designed our audit procedures to identify non-compliance with laws and regulations. Our procedures involved:

• enquiries of management; and
• journal entry testing, with a focus on journals indicating large or unusual transactions based on our
understanding of the business.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur by meeting with management to understand where it considered there was susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage revenue and earnings. Where the risk was considered to be higher, including areas impacting key performance indicators or management remuneration, we performed audit procedures to address each identified fraud risk or other risk of material misstatement. These procedures included those on revenue recognition detailed above, the assessment of items identified by management as non-recurring and testing manual journals and were designed to provide reasonable assurance that the financial statements were free from material fraud or error.

Page 6

TARWAYS ASPHALTE CO LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TARWAYS ASPHALTE CO LIMITED (CONTINUED)

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 Auditors' 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 Auditors' 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.

Eifion Roberts (Senior Statutory Auditor)

for and on behalf of

Langtons Professional Services Limited

Statutory Auditors

Chartered Accountants

The Plaza

100 Old Hall Street

Liverpool

L3 9QJ

23 September 2026

Page 7

TARWAYS ASPHALTE CO LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	4	21,559,038	19,185,488
Cost of sales		(17,870,609)	(15,469,159)
Gross profit		3,688,429	3,716,329
Administrative expenses		(2,418,875)	(2,534,324)
Other operating income	5	19,500	19,500
Operating profit	6	1,289,054	1,201,505
Interest receivable and similar income	10	162,919	112,412
Interest payable and similar expenses	11	(55,417)	(60,574)
Profit before tax		1,396,556	1,253,343
Tax on profit	12	(403,347)	(348,512)
Profit after tax		993,209	904,831



Retained earnings at the beginning of the year	5,348,639	5,077,224
	5,348,639	5,077,224
Profit for the year	993,209	904,831
Dividends declared and paid	(663,037)	(633,416)
Retained earnings at the end of the year	5,678,811	5,348,639

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.

The notes on pages 11 to 26 form part of these financial statements.

Page 8

TARWAYS ASPHALTE CO LIMITED

REGISTERED NUMBER: 01136219

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	14		958,841		1,014,355
Investments	15		18,897		18,897
Investment property	16		580,000		580,000
			1,557,738		1,613,252
Current assets
Debtors: amounts falling due within one year	17	7,570,495		6,485,669
Cash at bank and in hand	18	807,520		1,430,829
		8,378,015		7,916,498
Creditors: amounts falling due within one year	19	(3,422,300)		(3,122,252)
Net current assets			4,955,715		4,794,246
Total assets less current liabilities			6,513,453		6,407,498
Creditors: amounts falling due after more than one year	20		(489,824)		(724,611)
Provisions for liabilities
Deferred tax	23	(211,349)		(200,779)
			(211,349)		(200,779)
Net assets			5,812,280		5,482,108

Capital and reserves
Called up share capital	24	5,000	5,000
Revaluation reserve	25	128,469	128,469
Profit and loss account	25	5,678,811	5,348,639
		5,812,280	5,482,108

Page 9

TARWAYS ASPHALTE CO LIMITED

REGISTERED NUMBER: 01136219

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2026.

D W Batterton	R W Lowe
Director	Director
A P C Myers Director

The notes on pages 11 to 26 form part of these financial statements.

Page 10

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Tarways Asphalte Co Limited is a private limited liability company, limited by shares, incorporated in England and Wales. The registered office is Goodlass Road, Speke, Liverpool, Merseyside, L24 9HJ and the company number is 01136219.

These financial statements present information about the company as an individual undertaking; it is a subsidiary of Directscale Limited who have prepared consolidated accounts.

The principal activity of the company is that of highways maintenance and surfacing contractors.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The presentation currency of these financial statements is pound sterling; the financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

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

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Directscale Limited as at 31st December 2025 and these financial statements may be obtained from Companies House,
Crown Way, Cardiff, CF14 3UZ.

2.3

Going concern

The directors have a reasonable expectation that the company has adequate facilities to continue in
operational existence for the foreseeable future. They continue to believe the going concern basis of
accounting appropriate in preparing the annual financial statements.

Page 11

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Company as lessee

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

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 12

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	10% - 50% on cost
Motor vehicles	-	25%
Fixtures and fittings	-	10% - 50% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 13

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.13

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment. Where merger relief is applicable, the cost of the investment in a subsidiary undertaking is measured at the nominal value of the shares issued together with the fair value of any additional consideration paid.

2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 14

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

The directors have made judgements regarding the valuation of investment property, the depreciation of fixed assets and the value of bad debts.

Turnover

The whole of the turnover is attributable to the principal activity of the company.

All turnover arose within the United Kingdom.

5.	Other operating income
		2025	2024
		£	£

Net rents receivable	19,500	19,500
	19,500	19,500

Other operating lease rentals

88,489

135,465

Page 15

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Fees payable to the Company's auditors for the audit of the Company's financial statements

9,000

8,800

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Wages and salaries	1,848,078	1,701,677
Social security costs	223,941	186,594
Cost of defined contribution scheme	161,590	161,154
	2,233,609	2,049,425

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Administration	20	18
Production	19	17

	39	35

Page 16

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	31,304	31,304
Company contributions to personal pension plans	83,480	83,480
	114,784	114,784

During the year retirement benefits were accruing to 2 directors (2024 - 2) in respect of defined contribution pension schemes.

During the year retirement benefits were accruing to 2 directors (2024 - 2) in respect of personal pension plans.

10.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	162,919	112,412
		162,919	112,412

11.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	16,549	17,845
Finance leases and hire purchase contracts	38,868	30,633
Other interest payable	-	12,096
	55,417	60,574

Page 17

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Corporation tax
Current tax on profits for the year	389,533	326,674
Adjustments in respect of previous periods	3,244	515

Total current tax	392,777	327,189

Deferred tax
Origination and reversal of timing differences	(5,632)	21,323
Adjustments in respect of previous periods	16,202	-
Total deferred tax	10,570	21,323


	Profit after tax	403,347	348,512

Profit on ordinary activities before tax

1,396,556

1,253,343

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	349,139	313,336
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	34,762	33,581
Adjustments to tax charge in respect of prior periods	3,244	515
Adjustments to tax charge in respect of prior periods - deferred tax	16,202	1,080
Total tax charge for the year	403,347	348,512

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 18

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.	Dividends
		2025	2024
		£	£

	Dividends	663,037	633,416
		663,037	633,416

14.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	2,657,508	758,305	293,053	3,708,866
Additions	256,826	48,745	10,383	315,954
Disposals	(483,725)	(179,870)	(17,173)	(680,768)
At 31 December 2025	2,430,609	627,180	286,263	3,344,052
Depreciation
At 1 January 2025	2,049,065	394,259	251,187	2,694,511
Charge for the year on owned assets	75,704	7,013	13,812	96,529
Charge for the year on financed assets	121,571	105,772	-	227,343
Disposals	(460,474)	(155,525)	(17,173)	(633,172)
At 31 December 2025	1,785,866	351,519	247,826	2,385,211
Net book value
At 31 December 2025	644,743	275,661	38,437	958,841
At 31 December 2024	608,444	364,046	41,865	1,014,355

Page 19

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Plant and machinery	638,915	607,767
Motor vehicles	281,478	365,931
	920,393	973,698

15.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	18,897
	At 31 December 2025	18,897

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Landways Limited

Goodlass Road, Speke, Liverpool, Merseyside, L24 9HJ

Ordinary

100%

Page 20

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	580,000
	At 31 December 2025	580,000

	Comprising
	Cost	451,531
	Annual revaluation surplus/(deficit):
	2023	128,469
	At 31 December 2025	580,000

The 2025 valuations were made by the directors, on an open market value basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

	Historic cost	451,531	451,531
		451,531	451,531

17.

Debtors

					2025	2024
					£	£


Trade debtors	4,614,364	3,841,585
Amounts owed by group undertakings	2,467,639	2,120,084
Other debtors	456,975	486,887
Prepayments and accrued income	31,517	37,113
	7,570,495	6,485,669

Page 21

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

18.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	807,520	1,430,829
	807,520	1,430,829

19.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	129,155	-
Trade creditors	2,369,468	2,274,404
Amounts owed to group undertakings	18,164	18,164
Corporation tax	389,534	326,675
Other taxation and social security	66,856	85,129
Obligations under finance lease and hire purchase contracts	288,130	222,482
Other creditors	126,305	142,351
Accruals and deferred income	34,688	53,047
	3,422,300	3,122,252

Page 22

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

20.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	143,859	273,014
Net obligations under finance leases and hire purchase contracts	345,965	451,597
	489,824	724,611

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	273,014	273,014
Net obligations under finance leases and hire purchase contracts	634,095	674,079
	907,109	947,093

Details of security provided:

Bank loans and obligations under finance leases and hire purchase contracts are secured on the assets concerned.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
	2025	2024
	£	£

	Repayable by instalments	143,859	273,014
		143,859	273,014

Page 23

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Amounts falling due within one year
Bank loans	129,155	-


Amounts falling due after more than 5 years
Bank loans	143,859	273,014
	273,014	273,014

Within one year	354,826	294,883
Between 1-5 years	456,826	526,284
	811,652	821,167

23.	Deferred taxation

	2025	2024
	£	£

At beginning of year	200,779	179,456
Charged to profit or loss	10,570	21,323
At end of year	211,349	200,779

Page 24

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

23.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	197,647	207,994
Short term timing differences	(5,743)	(7,215)
Capital gains/(losses)	19,445	-
	211,349	200,779

24.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

5,000 (2024 - 5,000) Ordinary shares of £1.00 each	5,000	5,000

25.

Reserves

Revaluation reserve

Revaluation reserve includes all current and prior period revaluations.

Profit and loss account

Includes all current and prior period retained profits and losses less dividends paid.

26.	Pension commitments

The Company operates a defined contributions pension scheme.

The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £125,590 (2024 - £125,154).

Contributions totalling £25,465 (2024 - £17,159) were payable to the fund at the balance sheet date.

During the year, the company made contributions to the directors personal pension plans.

Contributions paid in respect of the directors personal pension plans in aggregate is £36,000 (2024 - £36,000).

Page 25

TARWAYS ASPHALTE CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Not later than 1 year	57,229	120,184
Later than 1 year and not later than 5 years	30,347	80,223
	87,576	200,407

28.	Related party transactions

The company has taken advantage of the exemption conferred under FRS102, as a wholly owned subsidiary, not to disclose balances and transactions with other group companies, as consolidated accounts of the ultimate parent company are available.

Tarways Asphalte Retirement Benefits Scheme

During the year, Tarways Asphalte Co Limited paid rent to Tarways Asphalte Retirement Benefits Scheme totalling £30,000 (2024 - £30,000).

29.	Ultimate parent undertaking and controlling party

Directscale Limited is regarded by the directors as being the company's ultimate parent company.

Copies of accounts of Directscale Limited may be obtained from Companies House, Cardiff, CF14 3UZ.

The ultimate controlling party is D W Batterton, by virtue of his shareholding in the company's parent undertaking.

Page 26