REGISTERED NUMBER: 00877069 (England and Wales)

R. P. TYSON CONSTRUCTION LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

D J Whittle

A R Brumwell

N G Bell

J P J Whittle

D Causer

P A Helm

Mrs E L Turnbull

SECRETARY:

Mrs E L Turnbull

REGISTERED OFFICE:

1 Mitcham Road

Blackpool

Lancashire

FY4 4QN

REGISTERED NUMBER:

00877069 (England and Wales)

AUDITORS:

SMH Sheards Audit Limited

Statutory Auditors

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

BANKERS:

National Westminster Bank Plc

20 Corporation Street

Blackpool

FY1 1EL

The directors present their strategic report for the year ended 30 June 2025.

MISSION STATEMENT

We are building a stronger, more sustainable and more profitable Tyson Construction. We will grow consistently by partnering with select core clients, embracing new opportunities and investing in our people. Together with our Team, Clients and Suppliers, we're building a business we can all be proud of and benefit from.

REVIEW OF BUSINESS

The directors are proud of the results following a successful year of trading. While turnover is slightly down in comparison to our previous financial year, our gross profit and profit before tax have increased. Retained profits have further strengthened our balance sheet providing a solid platform to support the company. The company is debt free with excellent liquidity.

FINANCIAL KEY PERFORMANCE INDICATORS

Our principal financial KPIs are turnover (which has decreased on last year by £2,521,628), gross profit (increased by £438,438) and profit before tax (increased by £222,210).

PRINCIPAL RISKS AND UNCERTAINTIES

As a private trading business, a succession plan is in place to ensure business continuity following the government's proposed changes to business property relief.

To avoid financial or reputational risk we continue to be selective over the projects and clients we engage with. Potential projects are analysed against our business risk matrix to enable an informed decision to be made as to whether to pursue an opportunity. We mitigate challenges through our robust systems and processes.

INITIATIVES IMPROVING TEAM SATISFACTION

- Investment in key personnel to support business infrastructure

- Regular staff check-ins and job satisfaction survey

- Specialised training for team competence

- Business mentorship programme for Senior Leadership Team

- Clear career development pathways

INITIATIVES IMPROVING CLIENT SATISFACTION

- Targeting phased completions to deliver dwellings ahead of contractual completion dates (42% of dwellings delivered early)

- Leading the field in terms of sustainable homes (47 Passivhaus certified dwellings completed)

ENVIRONMENTAL, SOCIAL AND GOVERNANCE STRATEGY

We are committed to operating responsibly and continually improving our environmental performance. Since first measuring our emissions in 2021, we have reduced our carbon footprint by 40%, supported by focused investment in practical carbon reduction measures across our office, sites and fleet.

Our approach to Social Value is guided by our Social Value Return on Investment (SVROI) model, ensuring that the work we deliver generates measurable benefit for people, local supply chains and the communities we serve.

FUTURE OPPORTUNITIES

Through a proactive and targeted approach to securing future work, we have established a forward order book of approximately £60 million. Contracts have been secured via competitive tendering, negotiation and land-led development opportunities identified and assembled by our in-house team. Over the past twelve months, we have also maintained our place on several registered provider and public sector procurement frameworks, including ICN, EN:Procure, Homes Housing, JV North and the Homes England Land DPS.

We continue to invest in business development, strengthening long-standing relationships while actively building new partnerships with clients, consultants and our supply chain.

PLANNED INVESTMENT

We continue to invest in the quality of both our product and service delivery, the maintenance of our strong health and safety performance and the ongoing training and development of our people. These remain essential to sustaining and strengthening our position with our portfolio of clients.

CONCLUDING STATEMENT

With a healthy forward order book, carefully managed financial resources and the commitment of our experienced and motivated team and supply chain partners, the Directors are confident that the Company is well placed to meet future challenges and take advantage of emerging opportunities.

ON BEHALF OF THE BOARD:

J P J Whittle - Director

7 November 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a building contractor and residential developer. Through our partnerships with local authorities and housing associations, we deliver quality, affordable homes that respond to identified local housing needs.

DIVIDENDS

The total distribution of dividends for the year ended 30 June 2025 will be £ 115,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2024 to the date of this report.

D J Whittle

A R Brumwell

N G Bell

J P J Whittle

D Causer

P A Helm

Mrs E L Turnbull

POLITICAL DONATIONS AND EXPENDITURE

All donations paid are of a charitable nature.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), 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 and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, SMH Sheards Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J P J Whittle - Director

7 November 2025

Opinion

We have audited the financial statements of R. P. Tyson Construction Limited (the 'company') for the year ended 30 June 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-

we identified the laws and regulations applicable to the company through discussions with directors, and from our commercial knowledge and experience of the sector;

-

we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company;

-

we assessed the extent of compliance with the laws and regulations identified through making enquiries of management; and

-

identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

-

considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

-

performed analytical procedures to identify any unusual or unexpected relationships;

-

tested journal entries to identify unusual transactions;

-

assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

-

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-

agreeing financial statement disclosures to underlying supporting documentation; and

-

enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as the may involve deliberate concealment or collusion.

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

Use of our report

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

Kevin Winterburn FCA (Senior Statutory Auditor)

for and on behalf of SMH Sheards Audit Limited

Statutory Auditors

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

19 November 2025

TURNOVER

3

32,872,140

35,338,768

Cost of sales

(28,031,787

)

(30,936,853

)

GROSS PROFIT

4,840,353

4,401,915

Distribution costs

(258,532

)

(234,219

)

Administrative expenses

(2,050,329

)

(1,855,715

)

2,531,492

2,311,981

Other operating income

162,495

23,113

OPERATING PROFIT

5

2,693,987

2,335,094

Interest receivable and similar income

422,142

328,854

PROFIT BEFORE TAXATION

3,116,129

2,663,948

Tax on profit

6

(536,647

)

(306,676

)

PROFIT FOR THE FINANCIAL YEAR

2,579,482

2,357,272

OTHER COMPREHENSIVE INCOME

Company repurchase of own shares

(219,189

)

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(219,189

)

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,360,293

2,357,272

FIXED ASSETS

Tangible assets

8

379,938

400,739

CURRENT ASSETS

Stocks

9

76,297

82,200

Debtors

10

5,281,837

4,551,408

Cash at bank and in hand

11,048,307

8,492,388

16,406,441

13,125,996

CREDITORS

Amounts falling due within one year

11

(7,934,105

)

(6,909,718

)

NET CURRENT ASSETS

8,472,336

6,216,278

TOTAL ASSETS LESS CURRENT LIABILITIES

8,852,274

6,617,017

PROVISIONS FOR LIABILITIES

13

(74,594

)

(84,230

)

NET ASSETS

8,777,680

6,532,787

CAPITAL AND RESERVES

Called up share capital

14

11,500

11,900

Share premium

15

179,161

179,161

Capital redemption reserve

15

33,600

33,200

Retained earnings

15

8,553,419

6,308,526

SHAREHOLDERS' FUNDS

8,777,680

6,532,787

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

J P J Whittle - Director

Mrs E L Turnbull - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 July 2023

11,900

4,046,454

179,161

33,200

4,270,715

Changes in equity

Dividends

-

(95,200

)

-

-

(95,200

)

Total comprehensive income

-

2,357,272

-

-

2,357,272

Balance at 30 June 2024

11,900

6,308,526

179,161

33,200

6,532,787

Changes in equity

Issue of share capital

(400

)

-

-

-

(400

)

Dividends

-

(115,000

)

-

-

(115,000

)

Total comprehensive income

-

2,359,893

-

400

2,360,293

Balance at 30 June 2025

11,500

8,553,419

179,161

33,600

8,777,680

Cash flows from operating activities

Cash generated from operations

1

2,678,324

3,318,196

Tax paid

(150,373

)

-

Net cash from operating activities

2,527,951

3,318,196

Cash flows from investing activities

Purchase of tangible fixed assets

(93,668

)

(178,433

)

Sale of tangible fixed assets

11,083

18,100

Current asset investment

-

2,131,000

Interest received

422,142

328,854

Net cash from investing activities

339,557

2,299,521

Cash flows from financing activities

Net movement on directors' loan

23,000

26,000

Share buyback

(219,589

)

-

Equity dividends paid

(115,000

)

(95,200

)

Net cash from financing activities

(311,589

)

(69,200

)

Increase in cash and cash equivalents

2,555,919

5,548,517

Cash and cash equivalents at beginning of year

2

8,492,388

2,943,871

Cash and cash equivalents at end of year

2

11,048,307

8,492,388

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

2025

2024

£

£

Profit before taxation

3,116,129

2,663,948

Depreciation charges

105,440

101,342

Profit on disposal of fixed assets

(2,052

)

(7,506

)

Finance income

(422,142

)

(328,854

)

2,797,375

2,428,930

Decrease in stocks

5,903

40,400

Increase in trade and other debtors

(730,431

)

(73,042

)

Increase in trade and other creditors

605,477

921,908

Cash generated from operations

2,678,324

3,318,196

2.	CASH AND CASH EQUIVALENTS

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

Year ended 30 June 2025

30.6.25

1.7.24

£

£

Cash and cash equivalents

11,048,307

8,492,388

Year ended 30 June 2024

30.6.24

1.7.23

£

£

Cash and cash equivalents

8,492,388

2,943,871

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.24

Cash flow

At 30.6.25

£

£

£

Net cash

Cash at bank and in hand

8,492,388

2,555,919

11,048,307

8,492,388

2,555,919

11,048,307

Total

8,492,388

2,555,919

11,048,307

1.	STATUTORY INFORMATION

R. P. Tyson Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date, and the amounts reported for revenue and expenses during the year. Actual outcomes may differ from these estimates.

The following are the judgements that have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition on construction contracts

The company recognises revenue from construction contracts over time, based on the stage of completion of the contract activity at the reporting date. Determining the stage of completion and the total expected outcome of a contract requires management judgement in assessing:

-

The total contract revenue, including the probability of recovery of variations and claims;

-

The total contract costs, including estimates of costs to complete, and

-

The level of progress, which may be measured by surveys of work performed or the proportion of costs incurred to date.

Management reviews contract performance and forecasts on a regular basis and updates the estimates of contract revenue and costs as necessary. Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of the costs incurred that are considered recoverable.

Recognition of provisions for foreseeable losses

Judgement is applied in determining whether a contract is expected to make a loss and in estimating the amount of any provision required. This involves assessing the future costs to complete, potential liquidated damages, and customer recoveries.

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty at the balance sheet date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

Estimation of contract margins

Forecasting the final outcome on construction contracts involves estimating the total revenue and total costs at completion. These estimates are inherently uncertain due to potential variations, claims, subcontractor performance, and unforeseen site conditions. Management reviews all significant contracts regularly and revises the estimates as necessary.

Retentions and work in progress

Judgement is required in assessing the recoverability of amounts due from customers for contract work, including retentions and uncertified revenue. These assessments are based on the management's evaluation of the contractual terms, progress of work, and discussions with the clients.

Turnover

Turnover represents amounts invoiced to customers, except in respect of contracting activities where cumulative turnover for long term contracts is ascertained on interim stage valuations or a prudent review of the costs incurred to date and the assessment of completion of the contract, on a contract by contract basis.

Turnover is compared with payments on account. Where turnover exceeds payments on account, an amount recoverable on contracts is established and disclosed within debtors. If payments on account exceed turnover, the excess is classified as a deduction from any balance on that contract within long term contracts in stock, and any residual balance is classified as a payment on account within creditors.

Turnover excludes value added tax.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks and long term contracts

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Long-term contract balances included in stocks comprise costs incurred on long-term contracts, net of amounts transferred to cost of sales, after deducting foreseeable losses and related payments on account. Costs include all direct material and labour costs incurred in bringing a contract to its state of completion at the year end, including an appropriate proportion of indirect expenses and profits earned to date. Provisions for estimated losses on contracts are made in the period in which such losses are foreseen.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being 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 in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tax credits receivable under The Research and Development Expenditure Credit (RDEC) is recognised in the profit and loss account within "Other operating income" over the period in which the relevant qualifying expenditure is incurred.

During the year, the company recognised £150,373 (2024: £nil) in respect of RDEC.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Contracting

32,753,668

35,241,383

Maintenance etc

118,472

97,385

32,872,140

35,338,768

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

32,872,140

35,338,768

32,872,140

35,338,768

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,783,375

2,800,605

Social security costs

332,658

292,936

Other pension costs

172,632

164,314

3,288,665

3,257,855