REGISTERED NUMBER: 03509861 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 28th February 2025

for

D .A. Cant Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

Mr C Peterson BSc

Mr K Lord BSc

SECRETARY:

Mr C Peterson BSc

REGISTERED OFFICE:

Ground Floor

Southway House

29 Southway

Colchester

Essex

CO2 7BA

BUSINESS ADDRESS:

Level One, Gun Hill Trading Estate

Ipswich Road

Dedham

Colchester

Essex

CO7 6HR

REGISTERED NUMBER:

03509861 (England and Wales)

The directors present their strategic report for the year ended 28th February 2025.

REVIEW OF BUSINESS

The directors are satisfied with the results of the Civil Engineering side of the business.

The housebuilding market last year was stable without any real increase or decrease in output. Despite a drop in interest rates the market is still challenging with tight scrutiny on work in progress and stock imposed by clients meaning our productivity was likewise controlled and restricted.

We have also experienced price increases on materials which we are unable to pass on.

The increase in national insurance also had a significant impact on our labour costs with no available recourse to pass these onto our clients therefore have had to be absorbed by ourselves impacting directly on profits.

However given all these factors we have made a satisfactory profit which we are positive about and we can foresee a very similar trading and profitability in the year ahead.

PRINCIPAL RISKS AND UNCERTAINTIES

Credit Risk

Credit risk is the risk that counterparties will not be able to meet their obligations as they fall due. The company closely monitors outstanding debts from all sources resulting in minimal exposure to bad debts. The company's credit risk is managed by active credit control including the use of credit checking.

Operational Risk

Operational risk is caused by failures in business processes or the systems or physical infrastructure that support them that have the potential to result in financial loss or reputation damage. This includes errors, omissions, systems failure, lack of resources or physical assets and deliberate acts such as fraud.

The directors impose continuing self assessment and appraisals along with continually seeking to improve its operating efficiencies and standards. The directors endeavour to limit cost increases wherever possible and actively negotiate best terms with their major suppliers. The company governs its own price risk based on the director's expectations for the company.

Liquidity Risk

The company utilises short-term committed facilities in order to manage its liquidity and cashflow risk in order to meet its current and forecast financial requirements as cost effectively as possible. Liquidity and cashflow risks are monitored by the directors on a regular basis.

Foreign Currency Risk

All of the company's operations are in the UK, consequently the group has no exposure to foreign exchange risk.

The directors monitor financial indicators during the year by quarterly reporting. There are no non-financial performance indicators that are individually key. The key financial performance indicators during the year were as follows;

2025 2024

£ £

Turnover 19,701,099 19,077,200

Gross profit 2,163,332 2,119,378

Gross profit % 10.98 11.11

Net profit/(loss) 562,691 895,204

ON BEHALF OF THE BOARD:

Mr C Peterson BSc - Director

19th November 2025

The directors present their report with the financial statements of the company for the year ended 28th February 2025.

DIVIDENDS

Interim dividends of £350,000 were paid during the year.

DIRECTORS

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

Mr C Peterson BSc

Mr K Lord BSc

ENGAGEMENT WITH CUSTOMERS & SUPPLIERS

Our ambition is to deliver best-in-class service to customers. We build strong lasting relationships with our customers and spend considerable time with them to understand their needs and views and listen to how we can improve our service for them. We use this knowledge to inform our decision-making, for example to tailor our proposition to suit customer demands.

We build strong relationships with our suppliers to develop mutually beneficial and lasting partnerships. Engagement with suppliers is primarily through a series of interactions and reviews. Key areas of focus include innovation, development, health and safety and sustainability. We recognises that relationships with suppliers are important to long-term success and monitor supplier feedback and issues on a regular basis.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

Mr C Peterson BSc - Director

19th November 2025

Opinion

We have audited the financial statements of D .A. Cant Limited (the 'company') for the year ended 28th February 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 28th February 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We enquired of management concerning the company's policies and procedures relating to:

- The identification, evaluation and compliance with laws and regulations:

- The detection and response to the risks of fraud; and

- The establishment of internal controls to mitigate risks related to fraud and non-compliance with laws and regulations.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS102 and the Companies Act 2006.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to health and safety. We performed audit procedures to enquire of management whether the company is in compliance with these laws and regulations, reviewed legal expense accounts and completed searches for reportable incidents in the public domain.

The audit engagement team identified the risk of management override of controls and the risk of management bias when making accounting estimates as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included, but were not limited to, testing journal entries, testing the accuracy of the directors' estimates of revenue and profit on long term contracts, and reviewing the directors' provision against retention debtors.

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 is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Jacqueline Frost ACA (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditor

11 De Grey Square

De Grey Road

Colchester

Essex

CO4 5YQ

19th November 2025

TURNOVER

3

19,701,099

19,077,200

Cost of sales

17,537,767

16,957,822

GROSS PROFIT

2,163,332

2,119,378

Administrative expenses

1,451,610

1,136,638

711,722

982,740

Other operating income

11,548

31,563

OPERATING PROFIT

5

723,270

1,014,303

Interest receivable and similar income

26,100

29,401

749,370

1,043,704

Interest payable and similar expenses

6

13,427

8,960

PROFIT BEFORE TAXATION

735,943

1,034,744

Tax on profit

7

150,963

139,540

PROFIT FOR THE FINANCIAL YEAR

584,980

895,204

PROFIT FOR THE YEAR

584,980

895,204

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

584,980

895,204

FIXED ASSETS

Tangible assets

9

714,639

495,045

CURRENT ASSETS

Stocks and work in progress

10

516,615

226,000

Debtors

11

7,889,736

7,242,206

Cash at bank

2,331,069

2,821,190

10,737,420

10,289,396

CREDITORS

Amounts falling due within one year

12

1,999,322

1,656,685

NET CURRENT ASSETS

8,738,098

8,632,711

TOTAL ASSETS LESS CURRENT LIABILITIES

9,452,737

9,127,756

CREDITORS

Amounts falling due after more than one year

13

(105,729

)

(66,821

)

PROVISIONS FOR LIABILITIES

16

(173,692

)

(122,599

)

NET ASSETS

9,173,316

8,938,336

CAPITAL AND RESERVES

Called up share capital

17

2

2

Capital redemption reserve

18

2

2

Retained earnings

18

9,173,312

8,938,332

SHAREHOLDERS' FUNDS

9,173,316

8,938,336

The financial statements were approved by the Board of Directors and authorised for issue on 19th November 2025 and were signed on its behalf by:

Mr C Peterson BSc - Director

Mr K Lord BSc - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st March 2023

2

8,043,128

2

8,043,132

Changes in equity

Total comprehensive income

-

895,204

-

895,204

Balance at 29th February 2024

2

8,938,332

2

8,938,336

Changes in equity

Dividends

-

(350,000

)

-

(350,000

)

Total comprehensive income

-

584,980

-

584,980

Balance at 28th February 2025

2

9,173,312

2

9,173,316

1.	STATUTORY INFORMATION

D.A Cant 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 company's trading address is Level One, Gun Hill Trading Estate, Ipswich Road, Dedham, Colchester Essex, CO7 6HR.

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

Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise indicated.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are 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 key estimates and judgements made by the directors are in relation to the future profitability of long-term contracts, recoverable value of trade debtors, including retentions receivable, the valuation of amounts recoverable on contracts, the valuation of an accrual for remedial costs and the recoverable value of loans made to non-group related parties.

The directors have recognised an accrual of £40,000 in the financial statements relating to the costs of remedial works to be carried out after the year end. The decision to recognise the accrual was taken on the basis that it was more likely than not that the company would be required to carry out the remedial works.

Turnover

Turnover consists of income derived from short and long term contracts, housebuilding and the sale of land.

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.

Revenue from long term contracts is recognised by reference to the stage of completion where costs to complete can be estimated reliably. The stage of completion is calculated by comparing certified income against contract value, and costs incurred and total expected costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Amounts recoverable on contracts are included as turnover at the directors estimate of their market value at the

balance sheet date.

Other turnover is recognised at point of exchange of contracts.

Retentions are recognised as turnover to the extent that there is no reasonable expectation of not being

recovered without incurring further costs.

Tangible fixed assets

Assets are recorded at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Office equipment - 25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Financial instruments

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 when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legal 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

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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, 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.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

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 principal activities of the company.

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

2025

2024

£

£

Ground working

889,743

1,098,054

Construction Contracts

18,811,356

17,979,146

19,701,099

19,077,200

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,711,046

2,595,874

Social security costs

285,236

279,576

Other pension costs

57,531

55,505

3,053,813

2,930,955

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

2025

2024

Administration

3

2

Direct

53

51

56

53

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

88,802

88,826

Depreciation - assets on hire purchase contracts

68,124

44,948

Loss on disposal of fixed assets

871

3,066

Auditors' remuneration

10,500

3,750

Other legal and professional

1,180

2,172

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

114

-

Hire purchase

13,313

8,960

13,427

8,960

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

126,340

228,455

Tax adjustment for prior year

(26,470

)

(116,064

)

Total current tax

99,870

112,391

Deferred tax

51,093

27,149

Tax on profit

150,963

139,540

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

735,943

1,034,744

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

183,986

258,686

Effects of:

Change in tax rate during year

-

(4,742

)

Deferred tax rate adjustment

-

2,162

Prior year Deferred Tax adjustment

(6,560

)

-

Prior year Research & Development claim

(26,470

)

(116,064

)

Prior year adjustment

7

-

Superdeduction

-

(502

)

Total tax charge

150,963

139,540

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

350,000

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st March 2024

398,452

26,910

662,705

13,143

1,101,210

Additions

123,650

296

254,408

5,689

384,043

Disposals

(87,184

)

-

(13,042

)

-

(100,226

)

At 28th February 2025

434,918

27,206

904,071

18,832

1,385,027

DEPRECIATION

At 1st March 2024

275,036

18,692

305,146

7,291

606,165

Charge for year

36,591

2,092

116,208

2,035

156,926

Eliminated on disposal

(80,742

)

-

(11,961

)

-

(92,703

)

At 28th February 2025

230,885

20,784

409,393

9,326

670,388

NET BOOK VALUE

At 28th February 2025

204,033

6,422

494,678

9,506

714,639

At 29th February 2024

123,416

8,218

357,559

5,852

495,045

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st March 2024

214,948

Additions

223,418

At 28th February 2025

438,366

DEPRECIATION

At 1st March 2024

50,464

Charge for year

68,124

At 28th February 2025

118,588

NET BOOK VALUE

At 28th February 2025

319,778

At 29th February 2024

164,484

10.	STOCKS AND WORK IN PROGRESS

2025

2024

£

£

Stocks

516,615

226,000

11.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,420,475

1,438,941

Amounts owed by group undertakings

4,655,103

4,271,752

Amounts recoverable on contract

1,198,034

1,034,085

Other debtors

35,345

4,769

VAT

262,134

176,662

Prepayments and accrued income

17,262

14,614

7,588,353

6,940,823

Amounts falling due after more than one year:

Trade debtors

301,383

301,383

Aggregate amounts

7,889,736

7,242,206