Registration number: 07532303

Practical Construction Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Practical Construction Limited

Company Information

Directors

Mrs Vijaya Durga Anne Mr Jagan Doppalapudi

Registered office

Acorn Chambers 16 Hartshill Road Stoke-on-Trent Staffordshire ST4 7QU

Accountants

Howsons Chartered AccountantsWinton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Practical Construction Limited

(Registration number: 07532303)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	26,157	44,176
Current assets
Stocks	5	862,254	1,698,000
Debtors	6	221,740	374,290
Cash at bank and in hand		44,326	34,821
		1,128,320	2,107,111
Creditors: Amounts falling due within one year	7	(579,438)	(1,586,096)
Net current assets		548,882	521,015
Total assets less current liabilities		575,039	565,191
Creditors: Amounts falling due after more than one year	7	(390,160)	(432,509)
Net assets		184,879	132,682
Capital and reserves
Called up share capital		2	2
Retained earnings		184,877	132,680
Shareholders' funds		184,879	132,682

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.

Practical Construction Limited

(Registration number: 07532303)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr Jagan Doppalapudi Director

Practical Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Acorn Chambers
16 Hartshill Road
Stoke-on-Trent
Staffordshire
ST4 7QU

2	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Practical Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Plant and machinery	20% straight line basis

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (excluding directors) during the year, was 5 (2024 - 5).

Practical Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	48,667	64,000	112,667
At 31 March 2025	48,667	64,000	112,667
Depreciation
At 1 April 2024	13,791	54,700	68,491
Charge for the year	8,719	9,300	18,019
At 31 March 2025	22,510	64,000	86,510
Carrying amount
At 31 March 2025	26,157	-	26,157
At 31 March 2024	34,876	9,300	44,176

5

Stocks

	2025 £	2024 £
Other inventories	862,254	1,698,000

6

Debtors

	Note	2025 £	2024 £
Trade debtors		5,000	-
Amounts owed by related parties		183,092	318,092
Other debtors		26,669	46,427
Prepayments		6,979	9,771
		221,740	374,290

Practical Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	57,900	64,980
Trade creditors		88,779	318,661
Amounts owed to group undertakings and undertakings in which the company has a participating interest		40,000	25,000
Taxation and social security		45,174	35,415
Other creditors		70,138	76,074
Other borrowings	8	16,500	911,617
Directors' loan account		260,947	154,349
		579,438	1,586,096
Due after one year
Loans and borrowings	8	390,160	432,509

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	29,166	79,166
Hire purchase contracts	17,775	26,333
Other borrowings	343,219	327,010
	390,160	432,509

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	50,000	50,000
Hire purchase contracts	7,900	14,980
Other borrowings	16,500	911,617
	74,400	976,597