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Registered number: 05074070 AMWELL CONSTRUCTION LIMITED DIRECTOR'S REPORT AND FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
AMWELL CONSTRUCTION LIMITED REGISTERED NUMBER: 05074070 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 140,088 |  | 109,491
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 340,237 |  | 531,818 |
Cash at bank and in hand | 6 | 1,074,860 |  | 1,059,848 |
|  | 1,415,097 |  | 1,591,666 |
Creditors: amounts falling due within one year | 7 | (652,613) |  | (658,116) |
Net current assets |  |  | 762,484 |  | 933,550
Total assets less current liabilities |  |  | 902,572 |  | 1,043,041
Creditors: amounts falling due after more than one year | 8 |  | (29,516) |  | -
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 |  | (21,334) |  | (26,643)
Net assets |  |  | 851,722 |  | 1,016,398
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 225 |  | 225
Capital redemption reserve |  |  | 175 |  | 175
Profit and loss account | 10 |  | 851,322 |  | 1,015,998
|  |  | 851,722 |  | 1,016,398
Page 1
AMWELL CONSTRUCTION LIMITED REGISTERED NUMBER: 05074070 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2025.
Mr C Bullen
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Amwell Construction Limited is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Romford, Essex, RM3 8EN. The principal place of business is Unit 19, Hillgrove Business Park, Nazeing Road, EN9 2HB. The principal activity was that of building contractors. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 3
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25%
|  |  |  | Furniture, fittings and equipment | - | 33.33%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.4 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.5 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.6 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument. The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.9 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.10 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.11 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 5
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including directors, during the year was 15 (2024 - 17).
Page 6
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Motor vehicles | Furniture, fittings and equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 270,066 | 69,503 | 339,569
| Additions | 77,568 | 10,400 | 87,968
| Disposals | (47,787) | (1,029) | (48,816)
| At 31 March 2025 | 299,847 | 78,874 | 378,721
| Depreciation |  |  |
| At 1 April 2024 | 169,571 | 60,507 | 230,078
| Charge for the year on owned assets | 21,482 | 6,235 | 27,717
| Charge for the year on financed assets | 14,404 | - | 14,404
| Disposals | (33,223) | (343) | (33,566)
| At 31 March 2025 | 172,234 | 66,399 | 238,633
| Net book value |  |  |
| At 31 March 2025 | 127,613 | 12,475 | 140,088
| At 31 March 2024 | 100,495 | 8,996 | 109,491
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 43,213 | 13,702
Page 7
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 330,463 | 508,607
| Other debtors | 296 | 10,000
| Prepayments and accrued income | 9,478 | 13,211
|  | 340,237 | 531,818
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,074,860 | 1,059,848
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 183,667 | 211,237
| Amounts owed to group undertakings | 211,006 | 214,943
| Corporation tax | 72,444 | 67,958
| Other taxation and social security | 27,653 | 64,474
| Obligations under finance lease and hire purchase contracts | 3,903 | 11,810
| Other creditors | 144,771 | 79,675
| Accruals and deferred income | 9,169 | 8,019
|  | 652,613 | 658,116
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 29,516 | -
Page 8
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (26,643) | (18,022)
| Released/(Charged) to profit or loss | 5,309 | (8,621)
| At end of year | (21,334) | (26,643)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (21,334) | (26,643)
10. | Reserves
Profit and loss account Includes all current and prior period retained profits and losses.
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 85 (2024 - 85) Ordinary shares of £1.00 each | 85 | 85
|  | 84 (2024 - 84) Ordinary A shares of £1.00 each | 84 | 84
|  | 56 (2024 - 56) Ordinary B shares of £1.00 each | 56 | 56
|  |  | 225 | 225
| Ordinary shares are entitled to one vote in any circumstances, have equal rights to dividends and entitled to participate in distribution arising from a winding up of the company. Ordinary shares A and B have equal rights to vote, capital on winding up and rank pari passu with ordinary shares except for independent dividend rights which will be entirely at the discretion of the company
Page 9
AMWELL CONSTRUCTION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Pension commitments
The company operates a defined contribution pension scheme for the benefit of the director and employees. The assets of the scheme are administered by trustees in a fund independent from those of the company. The total contributions paid in the year amounted to £19,545 (2024 - £20,973). The pension creditor at the year end was £1,812 (2024 - £1,858).
13. | Related party transactions
| The company has taken advantage of the exemption in FRS102 section 33.1A not to disclose transactions with members of the group.
14. | Controlling party
Amwell Construction Limited is controlled by Amwell Holdings Ltd. The registered office of the parent company is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The ultimate controlling party is C Bullen.
Page 10