The directors present the strategic report for the year ended 31 May 2026.

The results for the year and the financial position at the year end were considered satisfactory by the directors.

Following another strong year of growth and robust financial performance, we are well positioned for continued success. With the ongoing projects and the future pipeline, the coming years will see significant organic growth driven by our solid financial foundation.

Reliable continues to reinforce its position as one of the UK’s leading providers of specialist blue collar personnel for major infrastructure projects across the UK, supporting the successful execution of some of the country’s most ambitious projects.

We continue to upskill our workforce through the RC training hub, equipping our teams with transferable skills that span the diverse sectors we operate in. Our continued investment in IT strengthens our operation capabilities and positions us for long term success.

Overall, the long-term future is considered positive due to the specialist nature of the marketplace and the continuation of the company’s long-term projects. Reliable has also had significant tender success across Energy, Defence & Infrastructure in the current financial year.

Liquidity Risk

The company typically has a large number of ongoing live projects each with their own cash cycle. The business’ cashflow can be a variable as a result of the mix of projects and their individual profile, with this being more pronounced on the large, long term civil engineering projects.

The company manages its cash and borrowing requirements in order to ensure it has sufficient liquid resources to meet the operating needs of the business. The company is in a strong position with more than adequate cash reserves held, and is not reliant on invoice discounting (which is common in this sector). This means the company is able to fully mitigate risks arising for the current prevailing high interest rates on borrowing.

Uncertainty around the outcome of Brexit and how this impacts our ability to trade as well as that of our customer base remains, along with unpredictable timing on government expenditure on infrastructure projects.

Credit Risk

Historically, the company has had no significant unrecognised credit risks. However, given the current economic climate, risk awareness has increased. The company actively monitors the financial stability of potential clients and maintains a strict credit control system, ensuring that doubtful debt provisions remain unnecessary. This is reviewed monthly to minimise risk.

The business has continued to invest in employees and has now recruited a number of new roles to support the business. Ongoing training and support of existing employees has ensured staff are well equipped to perform their roles and deliver a high level of service whilst ensuring a high standard of health and safety.

Financial Performance Indicators

We consider the key financial performance indicators of the company to be revenue and total current assets.

Revenue has increased from £46,018,609 to £53,598,102 and current assets have increased from £12,759,407 to £14,367,931 as at 31 May 2026.

Non Financial Performance Indicators are considered to be:-

- Supply chain site inspection

- Carbon Strategy

- Supplier collaboration

- Carbon offset research

- Solar panels and EV charging points

In line with the revised governance code, this statement summarises how the Directors have exercised their duties with regard to the matters set out in Section 172(a to f) of the Companies Act 2006, and how they have considered the interests of key stakeholders as they perform their duties as Directors.

General Confirmation of Directors' duties

The Directors are responsible for promoting the success of the Company. The Directors fulfil these duties in part through a governance framework, with clear expectation of the values and behaviours that the Directors are expected to uphold when engaging with each one of its key stakeholders.

Engagement with stakeholders is a key responsibility of those charged with governance. When making decisions and engaging with stakeholder, each director is expected to act in good faith, promoting Reliable Contractor Limited's values for the benefit and success of its members as a whole. In so doing, the Directors are mindful of the following areas.

S172(1) (A) "The likely consequences of any decision in the long term"

The board tries to remain mindful of the long-term implications of its strategic decisions, and carefully assesses those decisions and the repercussions of those decisions. The long-term strategy of Reliable Contractor Limited is all at the forefront of the Directors minds, as the Company seeks to deliver the most cost effective, efficient and innovative solutions to our customers, and decisions are made to enable this strategy to become reality.

S172(1) (B) "The interests of the company's employees"

The Directors believe that its staff are fundamental to the company's ability to deliver its strategic plans, and are key to the ultimate success of the company. Reliable Contractor Limited is committed to its staff, which is demonstrated through employee long service and customer satisfaction. The board is updated regularly on regulatory matters such as Health & Safety, diversity, gender equality and mental health resources, and ensure that pay and benefits reflect the contribution made by employees. Employees are kept up to date with company and wider Group strategies, performance and news.

S172(1) (C) "The need to foster the company's business relationships with suppliers, customers and others"

The board is conscious that to realise Reliable Contractor Limited's strategy it needs to rely on strong mutually beneficial relationships with its customers and many other key shareholders. The board is briefed on major contract negotiations with key customers. Relationships with customers are open, honest and collaborative, and parties are kept up to date through regular meetings. Business unit heads provide regular updates to the board on performance and client focus areas which provide the board with insights into any areas of concern for customers. The servicing and retention of all customers continues to be a key focus area for the Company as well as continuing to deliver to our customers expectations.

The Finance Manager (FM) manages the relationship with the bank and insurers, as well as having responsibility for the Company's cash management and financing activities. The FM provides regular reports to the Board on these activities.

The board promotes all-embracing compliance with relevant regulatory bodies and strives for best practice in both regards. Reliable Contractor Limited maintains its tax records proactively to comply with all legislation, engaging with HMRC when required and seeking tax advice from qualified tax professionals. Similarly, legal advice is sought from qualified legal professionals when required.

S172(1) (D) "The impact of the company's operations on the community and the environment"

The board is committed to giving back to the communities in which it operates, actively supporting local communities and charities. The board also supports the Operational Team as it complies with environmental reporting requirements and seeks to reduce adverse effects on the environment as the company develops and plans to grow further.

S172(1) (E) "The desirability of the company maintaining a high reputation for high standards of business conduct"

The Directors are informed and monitor compliance with relevant governance standards to ensure that Reliable Contractor Limited acts in ways that promote high standards of business conduct.

S172(1) (F) "The need to act fairly as between members of the company"

The Directors recognise that there can be conflicts in interest of differing stakeholders which the board members must negotiate carefully. Decisions are made by the board after carefully weighing up all factors and arriving at an impartial decision which benefits the company and wider group and its overall strategy as a whole, not just one element. The board takes care to consider the needs and interests of all stakeholders, and the impact that any decision they make will have thereon.

As such, the board is actively engaged with its shareholders and understands the importance of the communication of company strategy and direction to all of its shareholders, holding regular board meetings to ensure that all shareholders remain fully informed.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 May 2026.

The results for the year are set out on page 11.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

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

The company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary assistance with initial training courses is given. Once employed, a career plan is developed so as to ensure suitable opportunities for each disabled person. Arrangements are made, wherever possible, for retraining employees who become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities.

The company has been successful in seeking out new contracts to maintain its successful position.

The UK government plans to reduce its reliance on oil and gas by building as many as eight nuclear reactors including two at Sizewell in Suffolk. Our tier one clients are now targeting Renewable and Green projects and see this and nuclear as a major source of work for the foreseeable future.

As a company we are well positioned to grow in these sectors and have previous experience of major nuclear works from our time at Hinkley point.

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.

The Company is deemed to be a large company as determined by sections 465 and 466 of the Companies Act 2006 and consumes more than 40,000kWh of energy (in the UK) during the reporting period and therefore must report the following energy data:

Our energy and carbon calculations have been conducted in accordance with the UK Government’s Reporting Guidelines for Company Report. Data has been reviewed and verified by a third-party (Antea Group UK Limited). GHG calculations have been performed using the Greenhouse Gas Protocol Corporate Reporting Standards (GHG Protocol) and ISO14064-1:2018 Greenhouse Gases – Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals. All emissions calculations use up to date GHG Conversion Factors for Company Report (BEIS) and are reported as carbon dioxide equivalent (CO2e), accounting for all major greenhouse gases.

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per full time staff member, the recommended ratio for the sector.

Reliable Contractors Limited is committed to providing the highest quality contingency labour to the UK, whilst also reducing its environmental impact. In the last 12 months, the organisation has continued to review its facilities to both improve the quality of service provided and to incorporate energy saving measures. Our absolute carbon emissions rose by 14% compared to the previous year. This was, however, in the context of the high level of business growth achieved during 2025-26 financial year, thus increasing our energy consumption. In the future, we will continue to explore ways to save energy and natural resources, including our aims to transition to a fully hybrid vehicle fleet by 2030, by purchasing fully electric vehicles as we upgrade our exisitng fleet. We also plan to install a solar photovoltaic panel system at our head office to generate renewable energy.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have audited the financial statements of Reliable Contractors Limited (the 'company') for the year ended 31 May 2026 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 May 2026 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

• the information given in the strategic report and the directors' truereport 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.

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.

As explained more fully in the directors' responsibilities statement, 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.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.  This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; 

• Reviewing minutes of meetings of senior management;

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection; 

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

Reliable Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, Ashford Commercial Quarter, 1 Dover Place, Ashford, Kent, United Kingdom, TN23 1FB.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment is recognised immediately in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

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

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The Company accrues for work performed but not yet invoiced based on the stage of completion as per note 1.3 of the notes to the financial statements.

Accrued income is included in 'Gross amounts owed by contract customers" in Debtors. The accrual is based on expected chargeable time spent up to the date of the financial statements and thus incorporates an element of estimation uncertainty.

The Company accrues costs where services have been received but not yet invoiced from their supplier, in line with the Accrual Method of accounting.

Accrued Expenditure is included in 'Accruals and deferred income" in Creditors. The accrual is based on expected costs up to the date of the financial statements and thus incorporates an element of estimation uncertainty. Specifically included in the accrual are wages incurred but not yet processed through payroll at year end. The accrual has been based on actual work hours incurred.

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

Their aggregate remuneration comprised:

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2025 - 2).

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

Included in other debtors is an amount of £322,770 (2025: £318,720) relating to a loan to Ardsbeg Development Limited, a related party through common directorship. This loan is unsecured, interest-free and has no fixed terms of repayment.

National Westminster Bank Plc has a fixed and floating charge, with the fixed charge covering all fixtures and fittings, plant and machinery, goodwill of the business and the stocks and shares of any related company owned by the directors.

Ardsbeg Developments Limited provides a guarantee for a limit of £700,000 to National Westminster Bank Plc in relation to provision of an overdraft for Reliable Contractors Limited.

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is three years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

The liability in respect of defined contribution schemes at 31 May 2026 is £52,037 (2025: £23,074).

During the comparative year to 31 May 2025, 50 ordinary shares at £1 each were repurchased by the Company for consideration of £1,100,000.

On the 31 March 2025, 50 ordinary shares at £1 each were cancelled resulting in 50 ordinary shares at £1 each remaining at year end.

There were no transactions relating to share capital during the year ended 31 May 2026.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

The remuneration of key management personnel is as follows.

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

The following amount was outstanding at the reporting end date:

The following amount was outstanding at the reporting end date:

The ultimate control of the company lies with B Greene, Director, on the basis they hold 100% of the issued share capital.