Registration number: 08090283

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	-