R.J.T._EXCAVATIONS_LIMITE - Accounts

The Directors present the strategic report for the year ended 31 May 2023.

The market sectors in which the Company operates are considered to be sustainable and profitable for the long term. Demand for the services provided to the markets is considered to be reasonable for the foreseeable future and the Company continues to operate on sites throughout the United Kingdom.

The Company continued to trade to expectations with very good results for the year in a challenging market.

Sales revenue decreased to £29,280,087 in 2023 compared with £30,169,654 in 2022 which was in line with the Directors' forecast. The profit for the year before taxation and dividends of £3,066,990 is an improvement on the result achieved in 2022 and is regarded by the Directors as another exceptional result. The underlying business continued to perform in line with expectations.

The key policies of the Company in relation to trading remain to:

• Directly employ and train our workforce.

• Own the majority of the equipment used on our projects.

• Expand our operations through improved service to our existing customers and to gain new customers.

• Develop and maintain long term relationships with our customers.

• To seek opportunities in new markets related to our core business.

• Train our workforce and staff to the highest level to improve the Company’s performance in every area of our operations. The Company is fully committed to the CSCS and CPCS/​NPORS training schemes at all levels.

Key Performance Indicators

The Company’s key financial and other performance indicators during the year were as follows;

Future Developments

On 17th August 2023 the company was acquired by RSK Environment Ltd and will see the business moving forward, largely unchanged, under new ownership as part of the RSK Group. All employees, contracts and assets were included in the acquisition. RJT will continue under the same management structure and the Directors are confident that the Company will continue to trade profitably and will seek to further expand and develop the business through organic growth under the RSK Group banner.

Financial Risk Management Objectives and Policies

Although the Company’s Memorandum and Articles of Association do permit trading in any financial instruments, the Company’s principal financial instruments comprise of cash, short and long term deposits and/​​or borrowings, the main purpose of which is to provide finance for its normal trading operations. Borrowings are taken out at either normal commercial variable or fixed rates of interest.

The Company’s interest payable can therefore be affected by movements in interest rates. The Company in assessing such position does not undertake active hedging of this risk.

The Company has various other financial instruments such as trade debtors and creditors that arise directly from its trading operations.

The main operational risks which impact on the Company are stoppages due to severe weather, variations in the price of materials, fuel for plant and equipment and the challenging labour market. In addition to the normal operational risks, there are potential risks arising from Governmental policies that increase uncertainty in the short term that could have a negative impact on the general economy and the construction sector. The Company aims to mitigate costs arising from operational risks within its pricing policies and to react promptly to changes in Governmental policies.

The Company aims to mitigate credit risk by continuing to trade with their key customers. In addition the Company undertakes credit checks on its customers and sets credit terms and credit limits for our customers accordingly.

The Company aims to mitigate liquidity risk by managing cash generation from its operations and applying cash collection targets. Investment and on-going expansion is carefully controlled, with authorisation limits operating at different levels up to board level.

Creditor Payment Policy and Practice

It is the Company’s policy that payments to suppliers are made in accordance with those terms and conditions agreed between the Company and its suppliers, provided that all trading terms and conditions have been complied with.

Health & Safety

The Company has a strong commitment to the Health and Safety of all of its employees and to members of the public. The Company has a directly employed health and Safety Officer who is also responsible for ensuring that all of our operatives and sub-contractors are fully trained for the work they undertake. The Company also employs external Health and Safety advisors to visit sites and report to the Company’s Health and Safety Officer on a regular basis. The Company is committed to ensuring that all of our operatives have the CPCS/​​NPORS or CSCS cards appropriate to their jobs and that Site Supervisors are fully trained and qualified as CITB trained Site Supervisors and CITB Plant Supervisor gold cards.

The Company is an accredited plant test centre and training centre for delivering CPCS, CSCS and CITB Site Supervisor training. The Company holds both OHAS 18001 and ISO 14001 accreditations to ensure that the safety and environmental aspects of our projects are continually monitored and improved.

Employee Involvement

During the year the Company’s policy of providing employees with information has been continued by way of regular meetings between management and staff. The meetings also allow for the free flow of information and ideas.

Disabled Employees

The Company gives full consideration to applications for employment from disabled persons where the requirements of the position can be adequately fulfilled by a handicapped or disabled person.

Where existing employees become disabled it is the Company’s policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

Corporate Social Responsibility

The Company has clear and definite standards of ethical behavior throughout all areas of the business. The Company takes responsibility for creating wider benefits both within and around our business and endeavor to make our impact a positive one, which improves the lives of others and reduces the risk of harm to people and the environment we work in.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 May 2023.

The principal activity of the Company continued to be that of earthmoving, crushing quarry material, soil stabilisation (using lime and cement), general civil engineering and the provision of training.

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

The results for the year are set out on page 9.

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

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from its trading activities which are only conducted in sterling. The company does not enter into hedging transactions.

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of future developments.

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

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

•     select suitable accounting policies and then apply them consistently;

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

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

•     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.

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

The directors 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 in preparing the annual financial statements.

We have audited the financial statements of R.J.T. Excavations Limited (the 'company') for the year ended 31 May 2023 which comprise the statement of income and retained earnings, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•     give a true and fair view of the state of the company's affairs as at 31 May 2023 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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 remuneration specified by law are not made; or

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

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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

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

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. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, we considered the following:

• the nature of the industry and sector, control environment and business performance including remuneration policies and performance targets;

• any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures;

  • identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

  • 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 on non-compliance with laws and regulations; and

• the matters discussed among the audit engagement team and involving relevant internal specialists, how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. Equally we identified the impact of accounting estimates on the financial statements as key audit matters related to the potential risk of fraud or non-compliance with laws and regulations.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.

Audit procedures performed included: review of the financial statement disclosures to underlying supporting documentation, review of appropriate correspondence, enquiries of management, testing of journals, and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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

Use of our report

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

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

R.J.T. Excavations Limited is a private company limited by shares incorporated in Scotland. The registered office is 65 Sussex Street, Glasgow, Scotland, G41 1DX.

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

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

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

The ultimate parent company was Mancunian Mercantile Investments Limited until 17 August 2023. The ultimate parent company from 17 August 2023 is RSK Group Limited and the results of R.J.T. Excavations Limited are included in the consolidated financial statements of RSK Group Limited, which are available from the Companys' registered office Spring Lodge, 172 Chester Road, Helsby, Cheshire, WA6 0AR

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

Turnover, which is stated net of VAT, represents amounts receivable for contract work completed during the period.

Where the outcome of a contract cannot be estimated reliably, the company recognises revenue only to the extent of contract costs incurred, and that it is probable that the contract costs are recoverable.

Contract retentions are included in turnover unless the company has insufficient information regarding the recoverability at which point they are excluded from income.

Other turnover and amounts recoverable on contracts are valued at sales value after provision for contingencies and anticipated future losses on contracts and are included in debtors.

Cash received on account of contracts is deducted from work in progress and amounts recoverable on contracts. Such amounts which have been received and exceed amounts recoverable are included in creditors.

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

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

Freehold land is not depreciated.

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

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’. The company does not have any non basic financial instruments.

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

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

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

Financial assets, are assessed for indicators of impairment at each reporting end date.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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

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

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

Where contracts were insufficiently complete to enable the directors to assess adequately the final outcome of the contract, then no profit is recognised on the contract. In addition, the nature of retentions outstanding on contract retentions are prudently reviewed and recognised where their recoverability can be assessed within a foreseeable period and only to the extent where no further costs can be anticipated. In this respect retentions considered recoverable at the year end were £1,310,679 (2022 - £535,394). The directors are therefore required to make judgements as to whether profit should be anticipated at the period end and therefore judgements in the amount of income recognised in any period. Each contract is reviewed on a contract by contract basis using the experience of the directors and management and the individual circumstances of each contract.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Included in the financial statements are amounts recoverable on contracts which have yet to be certified and agreed with customers. The amount and recovery of such amounts is estimated by the company based on experience of the directors, the agreed contract with the customer and the likely outcome of any additional works required. Total amounts recoverable under contracts which are uncertified at the year-end was £407,812 (2022 - £1,009,370).

In establishing a policy of depreciation, the directors are required to establish a useful life for each asset and estimate residual values. Useful lives are allocated on acquisition based on the directors best estimates of the anticipated useful lives and are reviewed regularly to consider any factors which might indicate such estimates are inappropriate. The company has a pool of assets which spreads the risk of such estimates having a significant impact from one period to the next. The carrying amount of plant and machinery at the year end was £11,256,364 (2022 - £7,952,671) which represents the key estimate involved.

An analysis of the company's turnover is as follows:

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

Their aggregate remuneration comprised:

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2022 - 3).

The directors are considered to be the key management personnel for the period.

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

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Finance leases are secured on the assets to which they relate.

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

The deferred tax liability is recorded at the rate of tax expected to apply when the timing differences are expected to reverse. Therefore the liability is calculated at rates between 20% (the current effective rate) and 25% (the rate from 1 April 2023). Of the deferred tax liability £269,000 is expected to reverse within 12 months of the balance sheet date.

The company operates contributes to defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the company in an independently administered funds.

Called up share capital represents the nominal value of shares that have been issued.

Profit and loss reserves represent the cumulative profits and losses to date net of dividends paid.

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

Amounts contracted for but not provided in the financial statements:

On the 17 August 2023 the business was sold to RSK Environment Limited, a construction company incorporated in Scotland. RSK Environment Limited are owned by RSK Group Limited therefore at this date the ultimate party also changed as noted above.

During the year the company made sales of £18,869 (2022 - £165) to a partnership in which director, Garry Young, is a related party. The company has not disclosed transactions with wholly owned members of the same group as permitted by FRS102 33.1A.

The ultimate parent company was Mancunian Mercantile Investments Limited until 17 August 2023.

On 17 August 2023 the company was acquired by RSK Environment Limited, a company incorporated in Scotland.

From 17 August 2023 the ultimate controlling party passed from M J Bracegirdle to RSK Group Limited.