REGISTERED NUMBER: 08810064 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MINT CONSTRUCTION (BEDFORD) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G E Lockey

R A Lee

J J Lockey

REGISTERED OFFICE:

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

BUSINESS ADDRESS:

9 Abbey Court

Fraser Road

Priory Business Park

Bedford

MK44 3WH

REGISTERED NUMBER:

08810064 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde & Partners

Chartered Certified Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Tangible assets

4

124,779

174,890

CURRENT ASSETS

Stocks

53,250

61,912

Debtors

5

1,063,084

1,011,801

Prepayments and accrued income

50,840

52,237

Cash at bank

360,056

273,936

1,527,230

1,399,886

CREDITORS

Amounts falling due within one year

6

439,039

235,857

NET CURRENT ASSETS

1,088,191

1,164,029

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212,970

1,338,919

CREDITORS

Amounts falling due after more than one year

7

(33,331

)

(60,625

)

PROVISIONS FOR LIABILITIES

9

(29,363

)

(41,846

)

ACCRUALS AND DEFERRED INCOME

(43,279

)

(41,572

)

NET ASSETS

1,106,997

1,194,876

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,106,897

1,194,776

SHAREHOLDERS' FUNDS

1,106,997

1,194,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 April 2026 and were signed on its behalf by:

J J Lockey - Director

1.	STATUTORY INFORMATION

Mint Construction (Bedford) Ltd 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.

Turnover

Turnover represents the amount receivable, excluding value added tax, for construction services provided during the period.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stock and work in progress

Stock has been valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Work in progress represents activity which has not reached a recognisable stage of completion. The value is stated as the lower of cost and net realisable value of performing the activity to the balance sheet date. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads. Provision is made for any foreseeable losses where applicable.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity. An equity instrument is any contract that evidences residual interest in the assets of the company after deduction any liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Accrued income

Revenue is recognised over time as activities progress to reflect the company's performance of its contractual obligations. The amount of revenue reflects the accrual - recognised as accrued income - of the right to consideration as contract activity progresses by reference to the value of the work performed. Accrued income is calculated by reference to individual jobs and their recognisable stage of completion. For each job it represents all direct costs, and the relevant proportion of fixed and variable overheads, and estimated gross profit in accordance with the stage of completion.

Retentions held in respect of progress payments on contracts are also accounted for on an accruals basis.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

55,439

26,965

201,701

25,678

309,783

Additions

1,198

752

-

8,460

10,410

At 31 December 2025

56,637

27,717

201,701

34,138

320,193

DEPRECIATION

At 1 January 2025

38,801

25,103

51,272

19,717

134,893

Charge for year

9,410

1,054

46,557

3,500

60,521

At 31 December 2025

48,211

26,157

97,829

23,217

195,414

NET BOOK VALUE

At 31 December 2025

8,426

1,560

103,872

10,921

124,779

At 31 December 2024

16,638

1,862

150,429

5,961

174,890

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

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

164,229

DEPRECIATION

At 1 January 2025

30,960

Charge for year

41,057

At 31 December 2025

72,017

NET BOOK VALUE

At 31 December 2025

92,212

At 31 December 2024

133,269

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

714,556

802,223

Accrued income

271,568

161,509

Amounts owed by group undertakings

80

555

Other debtors

10,114

10,114

Directors' current accounts

21,565

-

Tax

-

1,090

VAT

45,201

36,310

1,063,084

1,011,801

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

27,294

25,788

Trade creditors

135,669

57,656

Amounts owed to group undertakings

-

71,959

Tax

179,939

-

Social security and other taxes

37,963

26,045

Pension creditor

4,744

4,133

Sub-contractor tax

53,430

50,276

439,039

235,857

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

33,331

60,625

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

60,625

86,413

Hire purchase liabilities are secured over the assets concerned.

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

29,363

41,846

Deferred

tax

£

Balance at 1 January 2025

41,846

Accelerated capital allowances

(12,439

)

Timing differences

(44

)

Balance at 31 December 2025

29,363

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

11.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £78,634 (2024: £17,866).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

J J Lockey

Balance outstanding at start of year

-

-

Amounts advanced

21,565

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,565

-

During the year the director J J Lockey benefitted from a director's loan account from the company.

- The principal advanced was £21,000,

- Interest is charged by the company at 3.75% per annum,

- The loan is repayable on demand.

Guarantees to the Directors

During March 2025 pursuant to a share purchase agreement (SPA), the directors R A Lee and G E Lockey became due to receive deferred consideration, as defined in the SPA, from JL Timber Structures Limited - a company owned and controlled by the director J J Lockey.

Under this arrangement, Mint Construction (Bedford) Limited provides security to R A Lee and G E Lockey for the payment of the deferred consideration under the SPA.