Falcon Construction & Management Contractors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10062127

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		33,310		33,515

			33,310		33,515
CURRENT ASSETS
Stocks	5	199,000		48,000
Debtors	6	42,217		24,147
Cash at bank and in hand		8,850		28,295

		250,067		100,442
Creditors: Amounts Falling Due Within One Year	7	(218,131 )		(62,081 )

NET CURRENT ASSETS (LIABILITIES)			31,936		38,361

TOTAL ASSETS LESS CURRENT LIABILITIES			65,246		71,876

Creditors: Amounts Falling Due After More Than One Year	8		(43,713 )		(46,055 )

NET ASSETS			21,533		25,821

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			21,531		25,819

SHAREHOLDERS' FUNDS			21,533		25,821

Page 1

Page 2

Falcon Construction & Management Contractors Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kristijonas Sakalas

Director

30th May 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Falcon Construction & Management Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10062127 . The registered office is Jubilee House, Third Avenue, Marlow, Buckinghamshire, SL7 1EY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance basis
Motor Vehicles	25% reducing balance basis
Computer Equipment	15% reducing balance basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	3	3

	3	3

Page 3

Page 4

Falcon Construction & Management Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	48,091	11,284	8,181	67,556
Additions	8,124	-	-	8,124

As at 31 March 2025	56,215	11,284	8,181	75,680

Depreciation
As at 1 April 2024	22,321	8,135	3,585	34,041
Provided during the period	6,779	630	920	8,329

As at 31 March 2025	29,100	8,765	4,505	42,370

Net Book Value
As at 31 March 2025	27,115	2,519	3,676	33,310

As at 1 April 2024	25,770	3,149	4,596	33,515

5. Stocks

	2025	2024
	£	£
Work in progress	199,000	48,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	42,217	24,147

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,333	3,333
Trade creditors	10,798	2
Bank loans and overdrafts	1,829	-
Corporation tax	18,391	18,391
Other taxes and social security	4,644	5,117
VAT	12,565	33,835
Accruals and deferred income	605	605
Director's loan account	165,966	798

	218,131	62,081

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,035	15,377
Bank loans	30,678	30,678

	43,713	46,055

Page 4

Page 5

Falcon Construction & Management Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,333	3,333
Later than one year and not later than five years	13,035	15,377

	16,368	18,710

	16,368	18,710

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1 each	2	2

11. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Kristijonas Sakalas	-	54,000

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Kristijonas Sakalas by virtue of his ownership of 100% of the issued share capital in the company.

Page 5