Company Registration No. 02758627 (England and Wales)
John Perkins Construction Limited
Unaudited financial statements
for the year ended 31 July 2025
Pages for filing with the registrar
John Perkins Construction Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
John Perkins Construction Limited
Statement of financial position
As at 31 July 2025
31 July 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
620,792
557,857
Current assets
Stocks
41,745
526,386
Debtors
5
2,243,756
2,174,072
Cash at bank and in hand
-
0
51,933
2,285,501
2,752,391
Creditors: amounts falling due within one year
6
(2,708,047)
(2,838,451)
Net current liabilities
(422,546)
(86,060)
Total assets less current liabilities
198,246
471,797
Creditors: amounts falling due after more than one year
7
(178,909)
(230,153)
Provisions for liabilities
-
0
(43,698)
Net assets
19,337
197,946
Capital and reserves
Called up share capital
8
103
103
Revaluation reserve
295,319
209,258
Capital redemption reserve
6,002
6,002
Profit and loss reserves
(282,087)
(17,417)
Total equity
19,337
197,946

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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.

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.

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.

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

John Perkins Construction Limited
Statement of financial position (continued)
As at 31 July 2025
31 July 2025
2
The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
Rupert Perkins
Director
Company Registration No. 02758627
John Perkins Construction Limited
Notes to the financial statements
For the year ended 31 July 2025
3
1
Accounting policies
Company information

John Perkins Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 22 Dragon Court, Crofts End Road, Bristol, BS5 7XX.

1.1
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The company has net current liabilities at the year end. However, the directors have reviewed budgets and forecasts and have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Revenue

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

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:

Freehold land and buildings
2% straight line
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
33% straight line
Motor vehicles
25% reducing balance

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.

John Perkins Construction Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies (continued)
4
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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.

1.8
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 statement of financial position 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.

John Perkins Construction Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies (continued)
5
Basic financial assets

Basic financial assets, which include debtors, 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.

1.9
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.

1.10
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 income statement 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.

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.

John Perkins Construction Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies (continued)
6

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 income statement, 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.

1.11
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.

1.12
Retirement benefits

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

1.13
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 statement of financial position 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
Exceptional item

In the year ended 31 July 2025 the company made an operating loss of £252,482. A contract under negotiation did not achieve recovery so the decision was made to make a write-off of this contract. The amount written off was £223,744, this was included in the profit and loss account in cost of sales, which contributed to the operating loss in the year.

John Perkins Construction Limited
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
20
21
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 August 2024
580,000
152,742
732,742
Additions
-
0
7,933
7,933
At 31 July 2025
580,000
160,675
740,675
Depreciation and impairment
At 1 August 2024
86,061
88,824
174,885
Depreciation charged in the year
11,600
19,459
31,059
Revaluation
(86,061)
-
0
(86,061)
At 31 July 2025
11,600
108,283
119,883
Carrying amount
At 31 July 2025
568,400
52,392
620,792
At 31 July 2024
493,939
63,918
557,857

The fair value of the investment property has been arrived at on the basis of a valuation carried out at in the year ended 31 July 2024 by a valuer not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

John Perkins Construction Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
8
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,467,872
1,234,230
Corporation tax recoverable
4,699
2,500
Other debtors
48,204
51,606
1,520,775
1,288,336
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
722,981
885,736
Total debtors
2,243,756
2,174,072
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
381,708
57,089
Trade creditors
1,688,158
2,237,508
Corporation tax
-
0
2,199
Other taxation and social security
581,420
471,072
Other creditors
56,761
70,583
2,708,047
2,838,451

The bank loans are secured on a first and floating charge over the freehold property, the assets of the company and guarantees from the directors.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
156,293
201,275
Obligations under finance leases
22,616
28,878
178,909
230,153

The bank loans are secured on a first and floating charge over the freehold property, the assets of the company and guarantees from the directors.

John Perkins Construction Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
9
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of 10p each
490
490
49
49
B Ordinary shares of 10p each
490
490
49
49
C Ordinary shares of 10p each
52
52
5
5
1,032
1,032
103
103
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