Vokins Construction & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03094900 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VOKINS CONSTRUCTION & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A J Vokins

T J Vokins

S R Vokins

SECRETARY:

T J Vokins

REGISTERED OFFICE:

Diamond Cottage

Benham Park

Marsh Benham

Newbury

Berks

RG20 8LX

REGISTERED NUMBER:

03094900 (England and Wales)

ACCOUNTANTS:

Cooper Parry Advisory Limited

First Floor, Davidson House

Forbury Square

Reading

Berkshire

RG1 3EU

FIXED ASSETS

Tangible assets

4

368,919

328,253

CURRENT ASSETS

Stocks

5

516,616

Debtors

6

1,315,203

1,607,102

Cash at bank

1,735,280

1,872,435

3,567,099

3,996,153

CREDITORS

Amounts falling due within one year

7

1,984,337

2,380,383

NET CURRENT ASSETS

1,582,762

1,615,770

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,951,681

1,944,023

PROVISIONS FOR LIABILITIES

17,242

13,267

NET ASSETS

1,934,439

1,930,756

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,933,439

1,929,756

SHAREHOLDERS' FUNDS

1,934,439

1,930,756

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mrs A J Vokins - Director

1.	STATUTORY INFORMATION

Vokins Construction & Sons 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 (see note 3).

The following principal accounting policies have been applied:

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest

method.

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 the Statement of comprehensive income 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 the following basis:

Plant & machinery - 25% reducing balance

Motor vehicles - 35% reducing balance

Office equipment - 20% reducing balance

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 the Statement of comprehensive income.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on purchase price. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is

recognised immediately in profit or loss.

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.

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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or

constructive obligation that probably requires settlement by a transfer of economic benefit, and a

reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Financial instruments

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 non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured,initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

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.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income statement, 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 AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

244,816

102,168

203,904

62,699

613,587

Additions

-

11,499

84,443

2,379

98,321

At 31 March 2025

244,816

113,667

288,347

65,078

711,908

DEPRECIATION

At 1 April 2024

-

79,264

157,802

48,268

285,334

Charge for year

-

8,601

45,692

3,362

57,655

At 31 March 2025

-

87,865

203,494

51,630

342,989

NET BOOK VALUE

At 31 March 2025

244,816

25,802

84,853

13,448

368,919

At 31 March 2024

244,816

22,904

46,102

14,431

328,253

5.

STOCKS

2025

2024

£

Work in progress

516,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

998,404

1,500,262

Other debtors

316,799

106,840

1,315,203

1,607,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

431,433

597,820

Amounts owed to group undertakings

910,000

Taxation and social security

255,113

518,029

Other creditors

387,791

354,534

1,984,337

2,380,383

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

Mrs A J Vokins

Balance outstanding at start of year

45,361

(6,151

)

Amounts advanced

127,845

124,622

Amounts repaid

(141,780

)

(73,110

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

31,426

45,361

T J Vokins

Balance outstanding at start of year

43,387

(4,053

)

Amounts advanced

129,448

122,235

Amounts repaid

(141,502

)

(74,795

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

31,333

43,387

S R Vokins

Balance outstanding at start of year

(256

)

-

Amounts advanced

33,485

242,677

Amounts repaid

(6,490

)

(242,933

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

26,739

(256

)

9.	RELATED PARTY DISCLOSURES

During the year the directors received a total of £265,994 (2024 - £1,119,400) in dividends.

At the Balance sheet date, the director's owe the company a total of £89,498 (In 2024 the - directors owed the company £88,492).

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Vokins Holdings Limited.

The Company was under the control of Mr T and Mrs A Vokins by virtue of their majority shareholdings, in Vokins Holdings Limited.