REGISTERED NUMBER: 08411030 (England and Wales)

MALLOTT CONSTRUCTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Intangible assets

3

4,123

4,123

Tangible assets

4

288,158

205,466

292,281

209,589

CURRENT ASSETS

Debtors

182,576

219,496

Cash at bank and in hand

6,583

32,243

189,159

251,739

CREDITORS

Amounts falling due within one year

(231,631

)

(233,165

)

NET CURRENT (LIABILITIES)/ASSETS

(42,472

)

18,574

TOTAL ASSETS LESS CURRENT LIABILITIES

249,809

228,163

CREDITORS

Amounts falling due after more than one year

(170,497

)

(113,594

)

PROVISIONS FOR LIABILITIES

(43,017

)

(51,366

)

NET ASSETS

36,295

63,203

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

36,195

63,103

SHAREHOLDERS' FUNDS

36,295

63,203

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

J P Mallott - Director

1.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are measured at their cost value. At each reporting date the director's perform an impairment review. If the net realisable value of the intangible asset is lower than it's carrying value, an impairment cost is recognised in the profit and loss account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Assets held under finance leases are depreciated on a straight line basis over the term of the lease.

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.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

4,123

NET BOOK VALUE

At 31 March 2025

4,123

At 31 March 2024

4,123

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

408,580

Additions

245,564

Disposals

(174,785

)

At 31 March 2025

479,359

DEPRECIATION

At 1 April 2024

203,114

Charge for year

64,485

Eliminated on disposal

(76,398

)

At 31 March 2025

191,201

NET BOOK VALUE

At 31 March 2025

288,158

At 31 March 2024

205,466

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals

£

COST

At 1 April 2024

276,734

Additions

215,700

Disposals

(163,035

)

At 31 March 2025

329,399

DEPRECIATION

At 1 April 2024

118,101

Charge for year

46,155

Eliminated on disposal

(71,074

)

At 31 March 2025

93,182

NET BOOK VALUE

At 31 March 2025

236,217

At 31 March 2024

158,633

Liabilities for assets purchased under hire purchase contracts are secured against the asset to which they relate.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans owing from the directors at the year end totalled £26,348 (2024: £84,748). The loans are repayable on demand with interest charged at 2.25% on the balance outstanding at the year end.

The loans owning from the year ended 31 March 2025 totalling £26,348 were cleared by way of a dividend on the 6th April 2025.

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.