Company registration number 14996682 (England and Wales)
CONSTRUCTIVE ASSET FINANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
CONSTRUCTIVE ASSET FINANCE LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
CONSTRUCTIVE ASSET FINANCE LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
90,651
44,424
Current assets
Debtors
5
84,837
74,200
Cash at bank and in hand
218,794
15,763
303,631
89,963
Creditors: amounts falling due within one year
6
(84,597)
(19,627)
Net current assets
219,034
70,336
Total assets less current liabilities
309,685
114,760
Creditors: amounts falling due after more than one year
7
(29,854)
(37,056)
Provisions for liabilities
(22,663)
(11,106)
Net assets
257,168
66,598
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
256,968
66,398
Total equity
257,168
66,598
CONSTRUCTIVE ASSET FINANCE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 January 2026
Mr A M Thrower
Director
Company registration number 14996682 (England and Wales)
CONSTRUCTIVE ASSET FINANCE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 11 July 2023
-
0
-
0
-
Period ended 31 July 2024:
Profit and total comprehensive income
-
66,398
66,398
Issue of share capital
200
-
200
Balance at 31 July 2024
200
66,398
66,598
Year ended 31 July 2025:
Profit and total comprehensive income
-
190,570
190,570
Balance at 31 July 2025
200
256,968
257,168
CONSTRUCTIVE ASSET FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
1
Accounting policies
Company information

Constructive Asset Finance Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2 Olympic Court, Whitehills Business Park, Blackpool, Lancashire, FY4 5GU.

1.1
Reporting period

The previous financial statements covered a 12 and a half month period in order to establish the company’s year end during its first reporting period. Accordingly, the figures in these financial statements are not fully comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
Straight line over 3 years
Motor vehicles
Straight line over 5 - 7 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CONSTRUCTIVE ASSET FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CONSTRUCTIVE ASSET FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CONSTRUCTIVE ASSET FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
51,830
Additions
56,745
At 31 July 2025
108,575
Depreciation and impairment
At 1 August 2024
7,406
Depreciation charged in the year
10,518
At 31 July 2025
17,924
Carrying amount
At 31 July 2025
90,651
At 31 July 2024
44,424
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
74,000
Other debtors
68,898
200
68,898
74,200
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
15,939
-
0
Total debtors
84,837
74,200
CONSTRUCTIVE ASSET FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
5
Debtors
(Continued)
- 8 -

Other debtors includes two unsecured loans advanced during the year.

The first loan has a term of 6 months, bears interest at 10%, and had a year end balance of £46,445, all of which is due within one year.

The second loan has a term of 24 months, also bears interest at 10%, with £21,329 due within one year and £15,939 due after more than one year.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
51,107
7,837
Other taxation and social security
6,217
3,983
Other creditors
27,273
7,807
84,597
19,627
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
29,854
37,056

Other creditors include s a hire purchase liability, which is secured on the related asset. The current portion of the liability is £7,143, with £29,854 due after more than one year.

2025-07-31 2024-08-01 false false false 02 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A M Thrower 14996682 2024-08-01 2025-07-31 14996682 2025-07-31 14996682 2024-07-31 14996682 core:OtherPropertyPlantEquipment 2025-07-31 14996682 core:OtherPropertyPlantEquipment 2024-07-31 14996682 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 14996682 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14996682 core:WithinOneYear 2025-07-31 14996682 core:WithinOneYear 2024-07-31 14996682 core:AfterOneYear 2025-07-31 14996682 core:AfterOneYear 2024-07-31 14996682 core:CurrentFinancialInstruments 2025-07-31 14996682 core:CurrentFinancialInstruments 2024-07-31 14996682 core:ShareCapital 2025-07-31 14996682 core:ShareCapital 2024-07-31 14996682 core:RetainedEarningsAccumulatedLosses 2025-07-31 14996682 core:RetainedEarningsAccumulatedLosses 2024-07-31 14996682 core:ShareCapital 2023-07-10 14996682 core:RetainedEarningsAccumulatedLosses 2023-07-10 14996682 bus:Director1 2024-08-01 2025-07-31 14996682 core:RetainedEarningsAccumulatedLosses 2023-07-11 2024-07-31 14996682 2023-07-11 2024-07-31 14996682 core:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 14996682 core:ShareCapital 2023-07-11 2024-07-31 14996682 core:ComputerEquipment 2024-08-01 2025-07-31 14996682 core:MotorVehicles 2024-08-01 2025-07-31 14996682 core:OtherPropertyPlantEquipment 2024-07-31 14996682 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 14996682 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 14996682 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 14996682 core:Non-currentFinancialInstruments 2025-07-31 14996682 core:Non-currentFinancialInstruments 2024-07-31 14996682 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 14996682 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 14996682 bus:FRS102 2024-08-01 2025-07-31 14996682 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 14996682 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP