New Lodge Contractors Limited 08090283 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is building construction. Digita Accounts Production Advanced 6.30.9574.0 true 08090283 2024-04-01 2025-03-31 08090283 2025-03-31 08090283 core:RetainedEarningsAccumulatedLosses 2025-03-31 08090283 core:ShareCapital 2025-03-31 08090283 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08090283 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08090283 core:FurnitureFittingsToolsEquipment 2025-03-31 08090283 core:LandBuildings 2025-03-31 08090283 core:MotorVehicles 2025-03-31 08090283 core:OtherPropertyPlantEquipment 2025-03-31 08090283 bus:SmallEntities 2024-04-01 2025-03-31 08090283 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08090283 bus:FilletedAccounts 2024-04-01 2025-03-31 08090283 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08090283 bus:Director1 2024-04-01 2025-03-31 08090283 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08090283 core:ComputerEquipment 2024-04-01 2025-03-31 08090283 core:FurnitureFittings 2024-04-01 2025-03-31 08090283 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 08090283 core:Land 2024-04-01 2025-03-31 08090283 core:LandBuildings 2024-04-01 2025-03-31 08090283 core:MotorVehicles 2024-04-01 2025-03-31 08090283 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 08090283 core:PlantMachinery 2024-04-01 2025-03-31 08090283 countries:AllCountries 2024-04-01 2025-03-31 08090283 2024-03-31 08090283 core:FurnitureFittingsToolsEquipment 2024-03-31 08090283 core:LandBuildings 2024-03-31 08090283 core:MotorVehicles 2024-03-31 08090283 core:OtherPropertyPlantEquipment 2024-03-31 08090283 2023-04-01 2024-03-31 08090283 2024-03-31 08090283 core:RetainedEarningsAccumulatedLosses 2024-03-31 08090283 core:ShareCapital 2024-03-31 08090283 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08090283 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08090283 core:FurnitureFittingsToolsEquipment 2024-03-31 08090283 core:LandBuildings 2024-03-31 08090283 core:MotorVehicles 2024-03-31 08090283 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 08090283

New Lodge Contractors Limited
Annual Report and Unaudited Financial Statements
For The Year Ended 31 March 2025

New Lodge Contractors Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

New Lodge Contractors Limited

(Registration number: 08090283)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 3 |  | 141,270 |  | 147,473
Current assets |  |  |  |  |
Debtors | 4 | 345,599 |  | 234,403 |
Cash at bank and in hand |  | 219,839 |  | 305,743 |
|  | 565,438 |  | 540,146 |
Creditors: Amounts falling due within one year | 5 | (348,431) |  | (232,282) |
Net current assets |  |  | 217,007 |  | 307,864
Total assets less current liabilities |  |  | 358,277 |  | 455,337
Creditors: Amounts falling due after more than one year | 5 |  | (10,186) |  | -
Provisions for liabilities |  |  | (21,619) |  | (23,170)
Net assets |  |  | 326,472 |  | 432,167
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 326,372 |  | 432,067 |
Total equity |  |  | 326,472 |  | 432,167

For the financial year ending 31 March 2025 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 10 December 2025 and signed on its behalf by:

......................................... Mr C.W. Mitchell Director

New Lodge Contractors Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1 | 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.
The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the value of the work done on construction contracts and the invoiced value of other sales. Turnover is shown net of value added tax.
The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

New Lodge Contractors Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land | Not depreciated
Plant and machinery | 15% straight line
Fixtures and fittings | 20% straight line
Motor vehicles | 25% reducing balance
Computer equipment | 33% straight line

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

New Lodge Contractors Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

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.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 6).

3 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 54,793 | 4,349 | 80,472 | 138,366 | 277,980
Additions | - | 1,100 | 55,994 | 2,000 | 59,094
Disposals | - | (3,380) | (26,133) | (37,501) | (67,014)
At 31 March 2025 | 54,793 | 2,069 | 110,333 | 102,865 | 270,060
Depreciation
At 1 April 2024 | - | 4,349 | 45,916 | 80,242 | 130,507
Charge for the year | - | 368 | 20,571 | 8,438 | 29,377
Eliminated on disposal | - | (3,380) | (17,864) | (9,850) | (31,094)
At 31 March 2025 | - | 1,337 | 48,623 | 78,830 | 128,790
Carrying amount
At 31 March 2025 | 54,793 | 732 | 61,710 | 24,035 | 141,270
At 31 March 2024 | 54,793 | - | 34,556 | 58,124 | 147,473

New Lodge Contractors Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

4 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 241,380 | 215,342
Prepayments | 2,432 | 12,061
Other debtors | 101,787 | 7,000
| 345,599 | 234,403

5 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 8,731 | -
Trade creditors | 79,821 | 193,253
Taxation and social security | 56,129 | 35,460
Other creditors | 203,750 | 3,569
| 348,431 | 232,282
Due after one year |  |
Loans and borrowings | 10,186 | -