Company No: 08367713 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	175,063		138,493
		175,063		138,493
Current assets
Debtors	5	785,080		863,570
Cash at bank and in hand		2,539,443		2,780,614
		3,324,523		3,644,184
Creditors: amounts falling due within one year	6	( 481,542)		( 838,991)
Net current assets		2,842,981		2,805,193
Total assets less current liabilities		3,018,044		2,943,686
Provision for liabilities		( 43,766)		( 34,623)
Net assets		2,974,278		2,909,063
Capital and reserves
Called-up share capital	7	200		200
Profit and loss account		2,974,078		2,908,863
Total shareholders' funds		2,974,278		2,909,063

For the financial year ending 30 April 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 Profit and Loss Account has not been delivered.

The financial statements of Pennington Building Contractors Limited (registered number: 08367713) were approved and authorised for issue by the Board of Directors on 06 January 2026. They were signed on its behalf by:

Darren James Pennington 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

Pennington Building Contractors 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 Carlyle House Ramsdell Road, Monk Sherborne, Tadley, RG26 5HS, 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

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:

Goodwill

5 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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	192,220		192,220
At 30 April 2025	192,220		192,220
Accumulated amortisation
At 01 May 2024	192,220		192,220
At 30 April 2025	192,220		192,220
Net book value
At 30 April 2025	0		0
At 30 April 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 May 2024	123,500		289,544		775		14,188		428,007
Additions	3,995		79,000		0		0		82,995
Disposals	( 6,750)		0		( 775)		( 6,042)		( 13,567)
At 30 April 2025	120,745		368,544		0		8,146		497,435
Accumulated depreciation
At 01 May 2024	81,154		198,267		468		9,625		289,514
Charge for the financial year	11,169		32,694		1		1,141		45,005
Disposals	( 6,398)		0		( 469)		( 5,280)		( 12,147)
At 30 April 2025	85,925		230,961		0		5,486		322,372
Net book value
At 30 April 2025	34,820		137,583		0		2,660		175,063
At 30 April 2024	42,346		91,277		307		4,563		138,493

5. Debtors

	2025		2024
	£		£
Trade debtors	23,167		98,358
Amounts owed by Group undertakings	235,796		240,896
Amounts owed by directors	395,569		392,012
Corporation tax	130,548		132,304
	785,080		863,570

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	73,998		219,548
Accruals	281,700		483,140
Taxation and social security	125,844		118,577
Obligations under finance leases and hire purchase contracts	0		9,458
Other creditors	0		8,268
	481,542		838,991

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50
50 B ordinary shares of £ 1.00 each	50		50
100 Ordinary shares of £ 1.00 each	100		100
	200		200