Registrar

Registration number: 01263306

Lodge and Sons (Builders) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Lodge and Sons (Builders) Limited

Company Information

Directors

P G Eveling V E Hayhow W A Eveling M P Hayhow

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

National Westminster Bank PO Box 6118 Chelmsford Essex CM1 1BL

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Lodge and Sons (Builders) Limited

(Registration number: 01263306)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	162,760	152,131
Current assets
Debtors	5	882,522	1,216,533
Cash at bank and in hand		300,549	186,422
		1,183,071	1,402,955
Creditors: Amounts falling due within one year	6	(325,250)	(594,613)
Net current assets		857,821	808,342
Total assets less current liabilities		1,020,581	960,473
Creditors: Amounts falling due after more than one year	6	(66,087)	(68,872)
Provisions for liabilities		(40,691)	(38,034)
Net assets		913,803	853,567
Capital and reserves
Called up share capital	7	1,100	1,100
Retained earnings		912,703	852,467
Shareholders' funds		913,803	853,567

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

P G Eveling Director

W A Eveling Director

Lodge and Sons (Builders) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: Town Farm, High Street, Stebbing, Dunmow, Essex, CM6 3SG.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£), which is the Company's functional currency.

Revenue recognition

Turnover represents net invoiced sales relating to various construction and renovation contracts as well as the work executed on long-term contracts during the year, stated after trade discounts and excluding value added tax.

Government grants

Government grants have been recognised within the profit and loss account for the accounting period they relate to.

Finance income and costs policy

Finance income and costs are recognised in the period which they become receivable or payable in and shown in the profit and loss.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred income tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Lodge and Sons (Builders) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance method
Office equipment	25% Reducing balance method
Motor vehicles	25% Reducing balance method
Computer equipment	33% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for construction and renovation contracts undertaken in the ordinary course of business.

Stocks

Work in progress includes investment property under construction held at cost until completion.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Lodge and Sons (Builders) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 27 (2023 - 25).

4	Tangible assets

	Office and computer equipment  £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 October 2023	24,941	322,277	7,665	354,883
Additions	417	59,488	-	59,905
Disposals	-	(14,749)	-	(14,749)
At 30 September 2024	25,358	367,016	7,665	400,039
Depreciation
At 1 October 2023	24,200	172,000	6,552	202,752
Charge for the year	308	46,922	278	47,508
Eliminated on disposal	-	(12,981)	-	(12,981)
At 30 September 2024	24,508	205,941	6,830	237,279
Carrying amount
At 30 September 2024	850	161,075	835	162,760
At 30 September 2023	740	150,278	1,113	152,131

Lodge and Sons (Builders) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

	2024 £	2023 £
Trade debtors	33,287	145,576
Amounts owed by group undertakings	416,959	465,840
Other debtors	427,806	605,117
Prepayments	4,470	-
	882,522	1,216,533

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		160,461	417,114
Loans and borrowings	8	45,185	46,325
Taxation and social security		108,154	110,823
Other creditors		6,250	8,550
Accruals and deferred income		5,200	11,801
		325,250	594,613

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £45,185 (2023 - £46,325).

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	66,087	68,872

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £66,087 (2023 - £68,872).

Lodge and Sons (Builders) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary A shares of £1 each	100	100	100	100
Ordinary B shares of £1 each	1,000	1,000	1,000	1,000
	1,100	1,100	1,100	1,100

8	Loans and borrowings

	2024 £	2023 £
Current loans and borrowings
HP and finance lease liabilities	45,185	46,325

	2024 £	2023 £
Non-current loans and borrowings
HP and finance lease liabilities	66,087	68,872