REGISTERED NUMBER: 05768840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNDERWOOD CONTRACTORS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

47,578

58,515

47,578

58,515

CURRENT ASSETS

Stocks

5,320

10,366

Debtors

6

12,023

18,967

Cash at bank

201

-

17,544

29,333

CREDITORS

Amounts falling due within one year

7

44,068

58,214

NET CURRENT LIABILITIES

(26,524

)

(28,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,054

29,634

CREDITORS

Amounts falling due after more than one year

8

(883

)

(6,204

)

PROVISIONS FOR LIABILITIES

(7,885

)

(9,931

)

NET ASSETS

12,286

13,499

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

12,276

13,489

SHAREHOLDERS' FUNDS

12,286

13,499

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 director acknowledges his 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 by the director and authorised for issue on 16 December 2025 and were signed by:

Mr R O T Underwood - Director

1.	STATUTORY INFORMATION

Underwood Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05768840

Registered office:

Longholme Farm

Longholme Road

Upwood

Ramsey

Cambridgeshire

PE26 2AA

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the invoiced amounts of goods and services supplied, stated net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Office & computer equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Office &

to

Plant and

computer

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

5,308

369,244

10,879

54,437

439,868

Additions

-

2,786

697

-

3,483

Disposals

-

-

(812

)

-

(812

)

At 31 March 2025

5,308

372,030

10,764

54,437

442,539

DEPRECIATION

At 1 April 2024

-

331,497

6,288

43,568

381,353

Charge for year

-

9,928

1,174

2,718

13,820

Eliminated on disposal

-

-

(212

)

-

(212

)

At 31 March 2025

-

341,425

7,250

46,286

394,961

NET BOOK VALUE

At 31 March 2025

5,308

30,605

3,514

8,151

47,578

At 31 March 2024

5,308

37,747

4,591

10,869

58,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,011

18,282

Other debtors

1,012

685

12,023

18,967

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,223

7,040

Hire purchase contracts

-

2,123

Trade creditors

15,680

16,224

Taxation and social security

4,255

7,212

Other creditors

18,910

25,615

44,068

58,214

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

883

6,204

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2024 - £10,000) were paid to the director .

Included in creditors falling due within one year is a loan from the director to the company amounting to £11,841 (2024 - £24,585). This loan is non-interest bearing and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R O T Underwood.