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REGISTERED NUMBER: 07287546 (England and Wales)















P Lyman Construction Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025






P Lyman Construction Ltd (Registered number: 07287546)






Contents of the Financial Statements
for the year ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


P Lyman Construction Ltd

Company Information
for the year ended 31st March 2025







DIRECTORS: P J Lyman
Mrs J A Lyman





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: 07287546 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

P Lyman Construction Ltd (Registered number: 07287546)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 47,011 16

CURRENT ASSETS
Debtors 6 2,336 45,707
Cash at bank 32,823 5,472
35,159 51,179
CREDITORS
Amounts falling due within one year 7 9,085 17,520
NET CURRENT ASSETS 26,074 33,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,085

33,675

CREDITORS
Amounts falling due after more than one
year

8

(63,959

)

(31,488

)

PROVISIONS FOR LIABILITIES 9 (8,900 ) -
NET ASSETS 226 2,187

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126 2,087
226 2,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd June 2025 and were signed on its behalf by:





P J Lyman - Director


P Lyman Construction Ltd (Registered number: 07287546)

Notes to the Financial Statements
for the year ended 31st March 2025

1. STATUTORY INFORMATION

P Lyman Construction Ltd 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. STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

P Lyman Construction Ltd (Registered number: 07287546)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2024 779 - 773 1,552
Additions - 51,249 - 51,249
At 31st March 2025 779 51,249 773 52,801
DEPRECIATION
At 1st April 2024 763 - 773 1,536
Charge for year 4 4,250 - 4,254
At 31st March 2025 767 4,250 773 5,790
NET BOOK VALUE
At 31st March 2025 12 46,999 - 47,011
At 31st March 2024 16 - - 16

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,700 10,180
Other debtors - 653
Directors' current accounts - 34,578
VAT 636 296
2,336 45,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 6,237 6,071
Hire purchase contracts 4,934 -
Tax (3,794 ) 9,979
Directors' current accounts 238 -
Accrued expenses 1,470 1,470
9,085 17,520

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 6,463 6,327
Bank loans - 2-5 years 20,097 25,161
Hire purchase contracts 37,399 -
63,959 31,488

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 8,900 -

P Lyman Construction Ltd (Registered number: 07287546)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 8,900
Balance at 31st March 2025 8,900

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2025 or 31st March 2024.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2025 or 31st March 2024.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
P J Lyman and Mrs J A Lyman
Balance outstanding at start of year 34,579 38,206
Amounts advanced - 34,579
Amounts repaid (34,579 ) (38,206 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 34,579

This amount was interest free and was repaid since the year end.