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Registrar

Registration number: 01185406

P.G. Bones Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

P.G. Bones Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

P.G. Bones Limited

Company Information

Directors | S J Bones L A Bones K Baker D M Railton

Company secretary | S J Bones

Registered office | 39 Blackwell Drive Springwood Industrial Estate Braintree Essex CM7 2PU

Solicitors | Holmes & Hills LLP Bocking End Braintree Essex CM7 9AJ

Bankers | National Westminster Bank 47 High Street Braintree Essex CM7 1JT

Accountants | Lambert Chapman LLP Chartered accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

P.G. Bones Limited

(Registration number: 01185406)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 234,390 | 249,834
Current assets |  |  |
Stocks | 6 | 108,550 | 118,250
Debtors | 7 | 1,468,549 | 1,295,530
Other financial assets | 5 | 179,600 | 305,245
Cash at bank and in hand |  | 767,122 | 669,563
|  | 2,523,821 | 2,388,588
Creditors: Amounts falling due within one year | 8 | (477,662) | (410,192)
Net current assets |  | 2,046,159 | 1,978,396
Net assets |  | 2,280,549 | 2,228,230
Capital and reserves |  |  |
Called up share capital |  | 9,002 | 9,002
Capital redemption reserve |  | 998 | 998
Revaluation reserve |  | 29,466 | 29,466
Retained earnings |  | 2,241,083 | 2,188,764
Shareholders' funds |  | 2,280,549 | 2,228,230

For the financial year ending 31 December 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.

Approved and authorised by the Board on 16 March 2026 and signed on its behalf by:

S J Bones
Company secretary and director

P.G. Bones Limited

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

1 | General information

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

The address of its registered office is: 39 Blackwell Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2PU.

These financial statements were authorised for issue by the Board on 16 March 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of provision of services for plumbing and heating engineering in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

P.G. Bones Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 15% reducing balance
Improvements to property | 2% reducing balance
Motor vehicles | 25% reducing balance
Computer equipment | 33% straight line
Office equipment | 15% reducing balance
Fixtures and fittings | No depreciation
Website | 25% straight line

Investments

Investments (included within other financial amounts) are basic financial instruments which are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

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.

P.G. Bones Limited

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 36 (2024 - 34).

P.G. Bones Limited

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

4 | Tangible assets

| Improvements to property £ | Office equipment/Fixtures & fittings £ | Motor vehicles £ | Website costs £ | Plant & machinery £ | Total £
Cost or valuation
At 1 January 2025 | 120,000 | 40,362 | 326,521 | 2,345 | 300 | 489,528
Additions | - | - | 21,700 | 1,450 | - | 23,150
Disposals | - | - | (20,500) | - | - | (20,500)
At 31 December 2025 | 120,000 | 40,362 | 327,721 | 3,795 | 300 | 492,178
Depreciation
At 1 January 2025 | 10,721 | 30,008 | 198,705 | - | 260 | 239,694
Charge for the year | 2,186 | 1,127 | 34,440 | - | 6 | 37,759
Eliminated on disposal | - | - | (19,665) | - | - | (19,665)
At 31 December 2025 | 12,907 | 31,135 | 213,480 | - | 266 | 257,788
Carrying amount
At 31 December 2025 | 107,093 | 9,227 | 114,241 | 3,795 | 34 | 234,390
At 31 December 2024 | 109,279 | 10,354 | 127,816 | 2,345 | 40 | 249,834

P.G. Bones Limited

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

Revaluation

The fair value of the company's improvements to property was revalued on 1 January 2020. An independent valuer was not involved.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £88,613 (2024 - £90,799).

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Current financial assets
Cost or valuation
At 1 January 2025 | 305,247 | 305,247
Revaluations | 24,442 | 24,442
Disposals | (150,089) | (150,089)
At 31 December 2025 | 179,600 | 179,600
Carrying amount
At 31 December 2025 | 179,600 | 179,600

6 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 108,550 | 118,250

7 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 274,283 | 196,129
Amounts owed by related parties |  | 15,000 | 90,000
Other debtors |  | 25,759 | 23,672
Directors loan | 9 | - | 657
Prepayments |  | 112,609 | 98,034
Amounts recoverable on long term contracts |  | 1,040,898 | 887,038
|  | 1,468,549 | 1,295,530

P.G. Bones Limited

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

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 245,214 | 212,431
Taxation and social security | 42,953 | 46,304
Accruals and deferred income | 14,233 | 14,024
Other creditors | 175,262 | 137,433
| 477,662 | 410,192

9 | Related party transactions

Transactions with directors

2025 | At 1 January 2025 £ | Advances to director £ | Repayments by director £ | At 31 December 2025 £
| 657 | - | (657) | -

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
| 21,441 | 23,050 | (43,834) | 657

10 | Parent and ultimate parent undertaking

The company's immediate parent is P G Bones (Holdings) Ltd, incorporated in England and Wales.