REGISTERED NUMBER: 05288735 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

N A C Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Y Corbett

Mr N A Corbett

SECRETARY:

Mrs Y Corbett

REGISTERED OFFICE:

Lowcross Mill

Lowcross Tilston

Malpas

SY14 7DW

REGISTERED NUMBER:

05288735 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

Suite 1, First Floor

Coachworks Arcade

Northgate Street

Chester

Cheshire

CH1 2EY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,681

8,906

6,681

8,906

CURRENT ASSETS

Stocks

363,329

317,086

Debtors

6

31,580

142,330

Cash at bank

735,903

665,615

1,130,812

1,125,031

CREDITORS

Amounts falling due within one year

7

(291,156

)

(284,489

)

NET CURRENT ASSETS

839,656

840,542

TOTAL ASSETS LESS CURRENT LIABILITIES

846,337

849,448

PROVISIONS FOR LIABILITIES

(1,269

)

(1,692

)

NET ASSETS

845,068

847,756

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

845,066

847,754

SHAREHOLDERS' FUNDS

845,068

847,756

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

Mr N A Corbett - Director

1.	STATUTORY INFORMATION

N A C Construction 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

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 shown in the profit and loss account represents sales of services provided and sales of houses which have been legally completed in the period, exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

72,722

DEPRECIATION

At 1 April 2024

63,816

Charge for year

2,225

At 31 March 2025

66,041

NET BOOK VALUE

At 31 March 2025

6,681

At 31 March 2024

8,906

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,305

58,151

Other debtors

5,275

84,179

31,580

142,330

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

354

1,344

Taxation and social security

-

2,219

Other creditors

290,802

280,926

291,156

284,489

8.	RELATED PARTY DISCLOSURES

Other creditors includes £288,297 (2024 £278,600) due jointly to Mr N A Corbett and Mrs Y Corbett, the directors of the company.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr N A Corbett and Mrs Y Corbett who own equal amounts of the issued share capital.