IRIS Accounts Production v25.1.4.42 07470427 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074704272024-03-31074704272025-03-31074704272024-04-012025-03-31074704272023-03-31074704272023-04-012024-03-31074704272024-03-3107470427ns15:EnglandWales2024-04-012025-03-3107470427ns14:PoundSterling2024-04-012025-03-3107470427ns10:Director12024-04-012025-03-3107470427ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107470427ns10:SmallEntities2024-04-012025-03-3107470427ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107470427ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107470427ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107470427ns10:FullAccounts2024-04-012025-03-310747042712024-04-012025-03-3107470427ns10:Director22024-04-012025-03-3107470427ns10:RegisteredOffice2024-04-012025-03-3107470427ns5:CurrentFinancialInstruments2025-03-3107470427ns5:CurrentFinancialInstruments2024-03-3107470427ns5:Non-currentFinancialInstruments2025-03-3107470427ns5:Non-currentFinancialInstruments2024-03-3107470427ns5:ShareCapital2025-03-3107470427ns5:ShareCapital2024-03-3107470427ns5:RetainedEarningsAccumulatedLosses2025-03-3107470427ns5:RetainedEarningsAccumulatedLosses2024-03-3107470427ns5:NetGoodwill2024-04-012025-03-3107470427ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107470427ns5:OwnedOrFreeholdAssetsns5:LandBuildings2024-04-012025-03-3107470427ns5:PlantMachinery2024-04-012025-03-3107470427ns5:MotorVehicles2024-04-012025-03-3107470427ns5:NetGoodwill2024-03-3107470427ns5:NetGoodwill2025-03-3107470427ns5:NetGoodwill2024-03-3107470427ns5:LandBuildings2024-03-3107470427ns5:PlantMachinery2024-03-3107470427ns5:LandBuildings2024-04-012025-03-3107470427ns5:LandBuildings2025-03-3107470427ns5:PlantMachinery2025-03-3107470427ns5:LandBuildings2024-03-3107470427ns5:PlantMachinery2024-03-3107470427ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-03-3107470427ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107470427ns5:Secured2025-03-3107470427ns5:Secured2024-03-31074704271ns10:Director12024-03-31074704271ns10:Director12023-03-31074704271ns10:Director12024-04-012025-03-31074704271ns10:Director12023-04-012024-03-31074704271ns10:Director12025-03-31074704271ns10:Director12024-03-31
REGISTERED NUMBER: 07470427 (England and Wales)
















UPMINSTER PANELCRAFT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UPMINSTER PANELCRAFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: A.C. Webb
B.T. Webb





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 07470427 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 229,971 256,861
229,971 256,861

CURRENT ASSETS
Stocks 9,000 8,750
Debtors 6 100,571 164,276
Cash at bank and in hand 60,959 102,364
170,530 275,390
CREDITORS
Amounts falling due within one year 7 181,812 217,353
NET CURRENT (LIABILITIES)/ASSETS (11,282 ) 58,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,689

314,898

CREDITORS
Amounts falling due after more than one
year

8

(1,769

)

(12,231

)

PROVISIONS FOR LIABILITIES (37,109 ) (43,300 )
NET ASSETS 179,811 259,367

UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 178,811 258,367
SHAREHOLDERS' FUNDS 179,811 259,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





A.C. Webb - Director


UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 123,000
AMORTISATION
At 1 April 2024
and 31 March 2025 123,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Goodwill arising on the acquisition of the entire business of Upminster Panelcraft.

UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
Property machinery
improvements etc Totals
£    £    £   
COST
At 1 April 2024 89,199 426,729 515,928
Additions - 6,486 6,486
At 31 March 2025 89,199 433,215 522,414
DEPRECIATION
At 1 April 2024 8,920 250,147 259,067
Charge for year 1,726 31,650 33,376
At 31 March 2025 10,646 281,797 292,443
NET BOOK VALUE
At 31 March 2025 78,553 151,418 229,971
At 31 March 2024 80,279 176,582 256,861

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 90,415 135,260
Other debtors 10,156 29,016
100,571 164,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,462 10,204
Trade creditors 46,693 58,739
Taxation and social security 74,101 106,534
Other creditors 50,556 41,876
181,812 217,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 1,769 12,231

UPMINSTER PANELCRAFT LIMITED (REGISTERED NUMBER: 07470427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 12,231 22,435

The Bounceback loan is secured as it is part of a government scheme.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 2024
£    £   
A.C. Webb
Balance outstanding at start of year 19,843 19,854
Amounts advanced 48,534 48,829
Amounts repaid (74,430 ) (48,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,053 ) 19,843

The loans are unsecured, interest free loans, repayable on demand.