Construction Sealants Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02515979 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Construction Sealants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N.B. Smith

R I Kirkham

REGISTERED OFFICE:

Harmile House

54 St. Marys Lane

Upminster

ESSEX

RM14 2QT

REGISTERED NUMBER:

02515979 (England and Wales)

FIXED ASSETS

Tangible assets

4

992,021

860,105

Investments

5

2

992,023

860,107

CURRENT ASSETS

Stocks

200,000

Debtors

6

1,014,079

1,174,402

Cash at bank and in hand

310,194

459,983

1,524,273

1,834,385

CREDITORS

Amounts falling due within one year

7

392,958

455,715

NET CURRENT ASSETS

1,131,315

1,378,670

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,123,338

2,238,777

CREDITORS

Amounts falling due after more than one
year

8

108,948

104,250

NET ASSETS

2,014,390

2,134,527

CAPITAL AND RESERVES

Called up share capital

10

95,210

Retained earnings

1,919,180

2,039,317

SHAREHOLDERS' FUNDS

2,014,390

2,134,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

N.B. Smith - Director

1.	STATUTORY INFORMATION

Construction Sealants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year the company has adopted FRS 102 and there has been no restatement of the prior year results and the only changes required relate to presentation and disclosure within the financial statements.

TURNOVER

Turnover represents revenue due from construction contracts.

Where the outcome of a construction contract can be estimated reliably, revenue costs are recognised by reference to the stage of completion of the contract activity at he reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

over the term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' 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.

Cash and cash equivalents

These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

TAXATION

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.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

1,129,702

Additions

171,837

Disposals

(23,008

)

At 30 September 2025

1,278,531

DEPRECIATION

At 1 October 2024

269,597

Charge for year

29,984

Eliminated on disposal

(13,071

)

At 30 September 2025

286,510

NET BOOK VALUE

At 30 September 2025

992,021

At 30 September 2024

860,105

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2024

203,250

Additions

78,720

At 30 September 2025

281,970

DEPRECIATION

At 1 October 2024

10,068

Charge for year

11,410

At 30 September 2025

21,478

NET BOOK VALUE

At 30 September 2025

260,492

At 30 September 2024

193,182

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

and 30 September 2025

2

NET BOOK VALUE

At 30 September 2025

2

At 30 September 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

395,922

536,873

Amounts owed by group undertakings

518,638

556,029

Other debtors

99,519

81,500

1,014,079

1,174,402

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Hire purchase contracts

53,735

46,000

Trade creditors

106,645

158,705

Amounts owed to group undertakings

141,675

97,042

Taxation and social security

88,325

147,497

Other creditors

2,578

6,471

392,958

455,715

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Hire purchase contracts

108,948

104,250

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Hire purchase contracts

162,683

150,250

Hire purchase liabilities are secured on the assets concerned.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

100

Ordinary

£1

100

20

Ordinary "B"

£1

20

95,090

Ordinary "C"

£1

95,090

95,210