Company No: 11919245 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	17,164		19,309
Tangible assets	4	945,881		759,497
		963,045		778,806
Current assets
Stocks	5	1,200		16,950
Debtors	6	200,217		120,416
Cash at bank and in hand		14,972		15,962
		216,389		153,328
Creditors: amounts falling due within one year	7	( 445,841)		( 344,384)
Net current liabilities		(229,452)		(191,056)
Total assets less current liabilities		733,593		587,750
Creditors: amounts falling due after more than one year	8	( 281,858)		( 263,651)
Provision for liabilities		( 132,723)		( 97,533)
Net assets		319,012		226,566
Capital and reserves
Called-up share capital		900		900
Profit and loss account		318,112		225,666
Total shareholders' funds		319,012		226,566

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Coward Contracting Limited (registered number: 11919245) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

Mrs M Coward Director		Mr W Coward Director
Mr D Coward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Coward Contracting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Manor Farm Manor Road, Mere, Warminster, BA12 6HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery

15 % reducing balance

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	21,454		21,454
At 31 March 2025	21,454		21,454
Accumulated amortisation
At 01 April 2024	2,145		2,145
Charge for the financial year	2,145		2,145
At 31 March 2025	4,290		4,290
Net book value
At 31 March 2025	17,164		17,164
At 31 March 2024	19,309		19,309

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	1,035,054		1,035,054
Additions	400,665		400,665
Disposals	( 118,825)		( 118,825)
At 31 March 2025	1,316,894		1,316,894
Accumulated depreciation
At 01 April 2024	275,557		275,557
Charge for the financial year	141,075		141,075
Disposals	( 45,619)		( 45,619)
At 31 March 2025	371,013		371,013
Net book value
At 31 March 2025	945,881		945,881
At 31 March 2024	759,497		759,497

5. Stocks

	2025		2024
	£		£
Stocks	1,200		16,950

6. Debtors

	2025		2024
	£		£
Trade debtors	168,064		119,915
Other debtors	32,153		501
	200,217		120,416

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,844		4,844
Trade creditors	91,021		58,718
Other taxation and social security	11,232		24,804
Obligations under finance leases and hire purchase contracts	197,114		165,759
Other creditors	141,630		90,259
	445,841		344,384

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	20,181		25,025
Obligations under finance leases and hire purchase contracts (secured)	261,677		238,626
	281,858		263,651

The hire purchase contracts are secured against the assets to which they relate