T J Hall Limited Company accounts

COMPANY REGISTRATION NUMBER: 03255436

T J Hall Limited

Financial Statements

31 December 2025

T J Hall Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the members	6

Statement of income and retained earnings	11

Statement of financial position	12

Notes to the financial statements	13

T J Hall Limited

Officers and Professional Advisers

The board of directors	Mr G A Hall
	Mrs S L Hall
	Mr R Fisher
	Mr J Johnson

Registered office	13 Dukes Close Earls Way Estate
	Thurmaston
	Leicester
	United Kingdom
	LE4 8EY

Auditor	Sumer Auditco Limited
	Chartered Accountants & Statutory Auditor
	Stone House
	55 Stone Road Business Park
	Stone Road
	Stoke-on-Trent
	Staffordshire
	ST4 6SR

Bankers	Lloyds Bank Plc
	7 High Street
	Leicester
	Leicestershire
	LE1 4FP

T J Hall Limited

Strategic Report

Year ended 31 December 2025

The Directors present their strategic report for the year ended 31 December 2025. Business Review T J Hall Limited provides construction services to the commercial and industrial sectors covering new builds, fit outs, and refurbishments predominantly in the UK. Formed in 1996 the company undertakes on behalf of local and national companies. Key Financial data The directors are satisfied with the performance of the company in view of the general economic outlook. The company has generated turnover for the year of £11.7m (2024 £14.9m) which reflects the slow down within the industry and the commencement on certain projects being delayed. Gross profit for the year amounted to £2.6m (2024 £2.7m). Net current assets remained strong at £3.7m (2024 £4.8m) and shareholders’ funds £5.1m (2024 £6.4m) which confirm the continued underlying financial strength of the company. Principal Risks Financial risk management The company's activities expose it to a number of financial risks including credit risk and liquidity risk. Its risk management is overseen by the directors focusing on actively securing the company’s short term to medium term cash flows. Credit risk The company monitors credit risk closely and considers that its current policies of credit checks meet its objectives of managing exposure to credit risk. The company has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perform their obligations under financial instruments. Liquidity risk Liquidity risk is the risk that the company will have difficulties in meeting obligations arising from financial liabilities. The company will continue to maintain low levels of debt relative meaning it has the underlying safety arising from strong cash flow out of its usual trading activities and balance sheet at the reporting date. Competitive risk The company operates in a competitive market with projects subject to tender. The Directors are confident that the quality of service provided, coupled with competitive pricing will, continue to deliver high customer retention rates and attract new business in a highly competitive market. Future developments In order to ensure that it is able to deliver its on-going services and maintain its ability to complete projects of varying size and complexity without external financing pressure the company will ensure that it continues to retain a strong financial position with sufficient working capital to finance projects. The company along with its other group members has secured further projects.

This report was approved by the board of directors on 22 October 2026 and signed on behalf of the board by:

Mr G A Hall

Director

Registered office:

13 Dukes Close Earls Way Estate

Thurmaston

Leicester

United Kingdom

LE4 8EY

T J Hall Limited

Directors' Report

Year ended 31 December 2025

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

Directors

The directors who served the company during the year were as follows:

Mr G A Hall
Mrs S L Hall
Mr R Fisher
Mr J Johnson

Dividends

The directors do not recommend the payment of a dividend.

Disclosure of information in the strategic report

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 to set out in the company's strategic report the information required by schedule 7 of the Large and Medium-sized companies and Groups (Accounts and Reports) Regulations 2008.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the 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 judgments 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 22 October 2026 and signed on behalf of the board by:

Mr G A Hall

Director

Registered office:

13 Dukes Close Earls Way Estate

Thurmaston

Leicester

United Kingdom

LE4 8EY

T J Hall Limited

Independent Auditor's Report to the Members of T J Hall Limited

Year ended 31 December 2025

Opinion

We have audited the financial statements of T J Hall Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of income and retained earnings, statement of financial position 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 FRS 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 loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 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, 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.

Auditor's 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: - the nature of the industry and sector, control environment and business performance including the design of the company remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets; - results of our enquiries of management about their own identification and assessment of the risks of irregularities; - any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; - the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information. Audit response to risks identified As a result of performing the above, we identified Health and Safety compliance risk as a key audit matter related to the potential risk of fraud or irregularities. Our procedures to respond to risks identified included the following: - review the outcome of health and safety inspections and ISO audits; - reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - enquiring of management concerning actual and potential litigation and claims; - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; - obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and - in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: - 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. 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. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director. - Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Helen Tidyman

(Senior Statutory Auditor)

For and on behalf of

Sumer Auditco Limited

Chartered Accountants & Statutory Auditor

Stone House

55 Stone Road Business Park

Stone Road

Stoke-on-Trent

Staffordshire

ST4 6SR

22 October 2026

T J Hall Limited

Statement of Income and Retained Earnings

Year ended 31 December 2025

		2025	2024
Note		£	£
Turnover	4	11,592,199	14,866,093

Cost of sales	9,042,268	12,133,346
	-------------	-------------
Gross profit	2,549,931	2,732,747

Administrative expenses		2,479,534	2,438,968
Other operating income	5	125,773	285,835
		------------	------------
Operating profit	6	196,170	579,614

Other interest receivable and similar income	10	4,743	5,033
Exceptional items	11	1,268,244	–
Interest payable and similar expenses	12	26,091	19,763
		------------	------------
(Loss)/profit before taxation		( 1,093,422)	564,884

Tax on (loss)/profit	13	240,918	312,242
		------------	---------
(Loss)/profit for the financial year and total comprehensive income		( 1,334,340)	252,642
		------------	---------

Retained earnings at the start of the year	6,390,026	6,137,384
	------------	------------
Retained earnings at the end of the year	5,055,686	6,390,026
	------------	------------

All the activities of the company are from continuing operations.

T J Hall Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	14		1,723,410	1,794,761

Current assets

Stocks	15	6,985,340	6,468,906
Debtors	16	6,295,566	4,008,717
Cash at bank and in hand		746,225	2,014,691
		-------------	-------------
		14,027,131	12,492,314

Creditors: amounts falling due within one year	17	10,400,803		7,666,106
		-------------		-------------
Net current assets			3,626,328	4,826,208
			------------	------------
Total assets less current liabilities			5,349,738	6,620,969

Creditors: amounts falling due after more than one year	18		177,129	124,198

Provisions	20	115,923	105,745
		------------	------------
Net assets		5,056,686	6,391,026
		------------	------------

Capital and reserves

Called up share capital	23	750	750
Capital redemption reserve	24	250	250
Profit and loss account	24	5,055,686	6,390,026
		------------	------------
Shareholders funds		5,056,686	6,391,026
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 22 October 2026 , and are signed on behalf of the board by:

Mr G A Hall

Director

Company registration number: 03255436

T J Hall Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Dukes Close Earls Way Estate, Thurmaston, Leicester, LE4 8EY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company meets its day-to-day working capital requirements through its own resources. At the balance sheet date, the company continued to have a healthy cash balance and significant net current asset resources amounting to £3.7m. At the time of signing the accounts, the company continues to deliver positive results and is forecast to remain on target for the next 12 months. On this basis, the directors have prepared these financial statements on a going concern basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Gordon Hall Limited which can be obtained from 13 Dukes Close, Earls Way Estate, Thurmaston, Leicester, LE4 8EY. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: - No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, that are believed to be reasonable under the circumstances. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Valuation of retentions and amounts due on construction contracts The company makes an estimate of the recoverable value of retentions held by customers as part of the contractual terms and amounts due on construction contracts. The directors consider factors including a review of the type of work performed and the progress of the individual jobs assessed by the company quantity surveyors. Additional estimates are made to consider any further costs to deliver the full terms of the contract and provisions are made specifically against contracts where recoverability is uncertain. Depreciation The directors have reviewed the asset lives and associated residual values of all fixed asset classes and have concluded that they are appropriate. The actual lives and residual values are assessed annually and may vary depending on a number of factors in reassessing the lives of assets, factors such as technological advances, product life cycles and maintenance programs are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and potential disposal values.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The company provides building services. Income is recognised based on the stage of completion of the contract.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Fixtures, Fittings & Office Equipment	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equine Asset	-	`14% to 33.33% straight line`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stock and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress represents the income and costs associated with construction contracts by reference to the stage of completion at the year end. Stage of completion is measured by the proportion of costs incurred for work performed to date compared to the total estimated costs.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments. Loss making / onerous contracts are expensed in the period.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Construction contracts	11,592,199	14,866,093
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Rental income	94,125	273,591
Other operating income	31,648	12,244
	---------	---------
	125,773	285,835
	---------	---------

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	552,057	519,799
Loss/(gains) on disposal of tangible assets	38,592	( 75,072)
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	17,000	16,000
	--------	--------

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	21	19
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,051,461	983,824
Social security costs	136,370	119,535
Other pension costs	98,690	132,633
	------------	------------
	1,286,521	1,235,992
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	271,303	363,676
Company contributions to defined contribution pension plans	22,240	50,526
	---------	---------
	293,543	414,202
	---------	---------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	2	5
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	110,242	109,732
Company contributions to defined contribution pension plans	–	17,904
	---------	---------
	110,242	127,636
	---------	---------

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	2,579	–
Other interest receivable and similar income	2,164	5,033
	-------	-------
	4,743	5,033
	-------	-------

11. Exceptional items

During the year, the Company recognised an impairment loss of £1,268,244 in respect of a loan receivable from Arlen Contract Flooring Ltd, a related party. The loan had been advanced to Arlen Contract Flooring Ltd in previous periods. Following a reassessment of the recoverability of the balance, the directors concluded that the recovery was uncertain and accordingly an impairment loss of £1,268,244 has been recognised in the profit and loss account. The impairment is considered to be a material non-recurring item due to its size and nature. The loan had a carrying amount of £1,268,244 immediately prior to the impairment and has a carrying amount of £nil at the reporting date.

12. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	4,191	8,681
Interest on obligations under finance leases and hire purchase contracts	15,730	8,210
Other interest payable and similar charges	6,170	2,872
	--------	--------
	26,091	19,763
	--------	--------

13. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	228,161	322,801
Adjustments in respect of prior periods	2,579	( 13,206)
	---------	---------
Total current tax	230,740	309,595
	---------	---------

Deferred tax:

Origination and reversal of timing differences	10,178	2,647
	---------	---------
Tax on (loss)/profit	240,918	312,242
	---------	---------

Reconciliation of tax expense

The tax assessed on the (loss)/profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
(Loss)/profit on ordinary activities before taxation	( 1,093,422)	564,884
	------------	---------
(Loss)/profit on ordinary activities by rate of tax	( 273,355)	141,221
Adjustment to tax charge in respect of prior periods	2,579	( 13,206)
Effect of expenses not deductible for tax purposes	426,430	95,757
Effect of capital allowances and depreciation	82,998	88,884
Effect of revenue exempt from tax	( 7,912)	( 3,061)
Deferred tax movement	10,178	2,647
	------------	---------
Tax on (loss)/profit	240,918	312,242
	------------	---------

14. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	User defined asset	Total
	£	£	£	£	£
Cost
At 1 January 2025	432,298	109,226	441,017	2,722,585	3,705,126
Additions	34,549	30,025	319,746	179,998	564,318
Disposals	–	( 58,602)	–	( 149,615)	( 208,217)
	---------	---------	---------	------------	------------
At 31 December 2025	466,847	80,649	760,763	2,752,968	4,061,227
	---------	---------	---------	------------	------------
Depreciation
At 1 January 2025	192,252	76,689	252,572	1,388,852	1,910,365
Charge for the year	68,648	13,437	127,048	342,924	552,057
Disposals	–	( 49,790)	–	( 74,815)	( 124,605)
	---------	---------	---------	------------	------------
At 31 December 2025	260,900	40,336	379,620	1,656,961	2,337,817
	---------	---------	---------	------------	------------
Carrying amount
At 31 December 2025	205,947	40,313	381,143	1,096,007	1,723,410
	---------	---------	---------	------------	------------
At 31 December 2024	240,046	32,537	188,445	1,333,733	1,794,761
	---------	---------	---------	------------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 December 2025	193,753	211,279	405,032
	---------	---------	---------
At 31 December 2024	223,787	63,251	287,038
	---------	---------	---------

15. Stocks

	2025	2024
	£	£
Raw materials and consumables	7,500	7,500
Finished goods and goods for resale	6,977,840	6,461,406
	------------	------------
	6,985,340	6,468,906
	------------	------------

16. Debtors

	2025	2024
	£	£
Trade debtors	1,515,888	447,105
Amounts owed by customers on construction contracts	1,462,087	2,507,299
Prepayments and accrued income	23,350	8,056
Directors loan account	3,137,164	28,358
Other debtors	157,077	1,017,899
	------------	------------
	6,295,566	4,008,717
	------------	------------

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	29,123	50,000
Payments received on account	101,915	101,267
Trade creditors	817,456	364,062
Amounts owed to group undertakings	7,503,991	4,984,613
Accruals and deferred income	910,377	1,406,911
Corporation tax	520,297	320,222
Social security and other taxes	365,833	76,185
Obligations under finance leases and hire purchase contracts	127,101	95,108
Other creditors	24,710	267,738
	-------------	------------
	10,400,803	7,666,106
	-------------	------------

A presentational adjustment has been made within Creditors for the year ended 31 December 2024 to move £1,232,937 from Trade Creditors to Amounts owed to group undertakings.

18. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	29,123
Obligations under finance leases and hire purchase contracts	177,129	95,075
	---------	---------
	177,129	124,198
	---------	---------

Lloyds bank hold a debenture dated 26 October 2020 over all assets of the company.

19. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	127,101	95,108
Later than 1 year and not later than 5 years	177,129	95,075
	---------	---------
	304,230	190,183
	---------	---------

20. Provisions

	Deferred tax (note 21)
	£
At 1 January 2025	105,745
Additions	10,178
	---------
At 31 December 2025	115,923
	---------

21. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 20)	115,923	105,745
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	115,923	105,745
	---------	---------

22. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 98,690 (2024: £ 132,633 ).

23. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	750	750	750	750
	----	----	----	----

24. Reserves

Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses. Details are provided in the statement of changes in equity.

25. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	12,432	49,498
Later than 1 year and not later than 5 years	154,949	85,395
	---------	---------
	167,381	134,893
	---------	---------

26. Directors' advances, credits and guarantees

At the year end, a loan to Director A of £29,330 (2024: £28,358) was outstanding. The loan was advanced in a previous financial year and is unsecured and repayable on demand. Interest is charged at the applicable HMRC beneficial loan rate. No additional advances were made and no repayments were received during the year. The increase in the outstanding balance of £972 represents interest charged during the year. At the year end, a loan to Director B of £3,107,834 (2024: £nil) was outstanding. The loan was interest free, unsecured and repayable on demand and was fully repaid within 9 months of the finacial year end. Accordingly, no Section 455 Corporation Tax liability arises in respect of this balance. The total amount of advances and credits to directors outstanding at the year end was £3,137,164 (2024: £28,358). The total amount advanced during the year was £3,107,834 (2024: £nil), the total amount repaid was £nil (2024: £nil), and no amounts were written off or waived during the year.

27. Related party transactions

During the year, sales to Arlen Contract Flooring Limited amounted to £257,621 and purchases amounted to £8,731. Receipts during the year amounted to £216,506 and payments amounted to £58,339. At the year end, £64,224 (2024: £23,108) was due from Arlen Contract Flooring Limited and £12,450 (2024: £62,059) was due to Arlen Contract Flooring Limited. In relation to the loan with Arlen Contract Flooring Limited, please see note 11. During the year, sales collected through credit to expenses (reimbursement) £157,077, and purchases from Flor Distribution Limited amounted to £13,830. Payments received during the year amount to £13,830. At the year end, £157,077 (2024: £nil) was due from Arlen Contract Flooring Limited.

28. Ultimate controlling party

The ultimate parent company is Gordon Hall Limited, a company whose registered office and principal place of business address is 13 Dukes Close, Thurmaston, Leicestershire, LE4 8EY.