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Registration number: 02330390

L & K Warcup (Construction) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

L & K Warcup (Construction) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

L & K Warcup (Construction) Limited

Company Information

Directors | M L Warcup K L Warcup

Registered office | South View Leas Lane Seaton Hull HU11 5RE

L & K Warcup (Construction) Limited

(Registration number: 02330390)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 162,667 | 134,492
Current assets |  |  |
Stocks | 6 | 2,000 | 2,500
Debtors | 7 | 94,488 | 153,910
Cash at bank and in hand |  | 226,425 | 199,188
|  | 322,913 | 355,598
Creditors: Amounts falling due within one year | 8 | (120,482) | (122,300)
Net current assets |  | 202,431 | 233,298
Total assets less current liabilities |  | 365,098 | 367,790
Creditors: Amounts falling due after more than one year | 8 | (9,114) | (24,923)
Provisions for liabilities |  | (30,907) | (30,974)
Net assets |  | 325,077 | 311,893
Capital and reserves |  |  |
Called up share capital |  | 61 | 61
Share premium reserve |  | 23,994 | 23,994
Capital redemption reserve |  | 106 | 106
Retained earnings |  | 300,916 | 287,732
Shareholders' funds |  | 325,077 | 311,893

For the financial year ending 30 November 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 26 February 2026 and signed on its behalf by:

......................................... M L Warcup Director

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 02330390.

The address of its registered office is:
South View
Leas Lane
Seaton
Hull
HU11 5RE

These financial statements were authorised for issue by the Board on 26 February 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of construction 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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.
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

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% on written down value
Motor Vehicles | 20% on written down value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Fully amortised

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price less any bad debts. A provision for the bad debts of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2024 - 8).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 December 2024 | 93,825 | 93,825
At 30 November 2025 | 93,825 | 93,825
Amortisation
At 1 December 2024 | 93,825 | 93,825
At 30 November 2025 | 93,825 | 93,825
Carrying amount
At 30 November 2025 | - | -

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 December 2024 | 218,968 | 141,440 | 360,408
Additions | 60,296 | - | 60,296
At 30 November 2025 | 279,264 | 141,440 | 420,704
Depreciation
At 1 December 2024 | 160,215 | 65,701 | 225,916
Charge for the year | 16,973 | 15,148 | 32,121
At 30 November 2025 | 177,188 | 80,849 | 258,037
Carrying amount
At 30 November 2025 | 102,076 | 60,591 | 162,667
At 30 November 2024 | 58,753 | 75,739 | 134,492

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 2,000 | 2,500

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 34,955 | 83,858
Other debtors | 45,136 | 69,360
Prepayments | 14,397 | 692
| 94,488 | 153,910

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Obligations under hire purchase and lease agreements | 11 | 16,092 | 15,275
Trade creditors |  | 71,100 | 42,686
Taxation and social security |  | 26,107 | 59,344
Accruals and deferred income |  | 6,080 | 4,235
Other creditors |  | 1,103 | 760
|  | 120,482 | 122,300

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Obligations under hire purchase and lease agreements | 11 | 9,114 | 24,923

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,000 (2024 - £5,000). The company has an operating lease for rent.

10 | Related party transactions

Transactions with Directors

2025 | At 1 December 2024 £ | Advances to Director £ | Repayments by Director £ | At 30 November 2025 £
K L Warcup
Unsecured, interest free, repayable on demand | 48,860 | 45,597 | (49,321) | 45,136

Other transactions with Directors

At the year end, the directors owed the company £45,136 (2024: £48,860). This amount is unsecured, interest free and repayable on demand,

L & K Warcup (Construction) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

11 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Obligations under hire purchase and lease agreements | 16,092 | 15,275

| 2025 £ | 2024 £
Non-current loans and borrowings
Obligations under hire purchase and lease agreements | 9,114 | 24,923

The obligations under hire purchase and lease agreements are secured on the assets they relate to.