Company No: 03806158 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	9,267		10,390
Tangible assets	4	377,700		411,112
		386,967		421,502
Current assets
Stocks		151,242		220,994
Debtors	5	1,664,664		2,067,534
Cash at bank and in hand		1,362,844		112,075
		3,178,750		2,400,603
Creditors: amounts falling due within one year	6	( 1,704,420)		( 1,330,449)
Net current assets		1,474,330		1,070,154
Total assets less current liabilities		1,861,297		1,491,656
Creditors: amounts falling due after more than one year	7	0		( 30,868)
Provision for liabilities	8	( 43,134)		( 68,390)
Net assets		1,818,163		1,392,398
Capital and reserves
Called-up share capital		10,006		10,006
Profit and loss account		1,808,157		1,382,392
Total shareholders' funds		1,818,163		1,392,398

For the financial year ending 30 September 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 financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of E.J. Lazenby Contracts Limited (registered number: 03806158) were approved and authorised for issue by the Board of Directors on 14 April 2026. They were signed on its behalf by:

S J Roberts Director

E J Lazenby Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E.J. Lazenby Contracts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pen Mill Station Yard, Yeovil, Somerset, BA21 5DD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. 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.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

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

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. 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
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	20 years straight line
Other intangible assets	10 years straight line

Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	51		53

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 October 2024	100,000		11,232		111,232
At 30 September 2025	100,000		11,232		111,232
Accumulated amortisation
At 01 October 2024	100,000		842		100,842
Charge for the financial year	0		1,123		1,123
At 30 September 2025	100,000		1,965		101,965
Net book value
At 30 September 2025	0		9,267		9,267
At 30 September 2024	0		10,390		10,390

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 October 2024	165,242		294,191		92,784		41,841		82,605		676,663
Additions	7,714		42,280		157,446		0		13,285		220,725
Disposals	( 98)		( 130,261)		( 135,045)		( 8,985)		( 29,837)		( 304,226)
At 30 September 2025	172,858		206,210		115,185		32,856		66,053		593,162
Accumulated depreciation
At 01 October 2024	13,167		153,085		34,509		26,741		38,049		265,551
Charge for the financial year	16,678		38,611		24,834		3,388		12,302		95,813
Disposals	( 71)		( 86,984)		( 29,757)		( 6,615)		( 22,475)		( 145,902)
At 30 September 2025	29,774		104,712		29,586		23,514		27,876		215,462
Net book value
At 30 September 2025	143,084		101,498		85,599		9,342		38,177		377,700
At 30 September 2024	152,075		141,106		58,275		15,100		44,556		411,112

5. Debtors

	2025		2024
	£		£
Trade debtors	499,965		594,253
Amounts recoverable on contracts	673,159		982,564
Prepayments	131,238		125,381
VAT recoverable	2,205		45,892
Retentions receivable	302,215		267,094
Other debtors	55,882		52,350
	1,664,664		2,067,534

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	341,879		365,589
Accruals	617,029		458,360
Corporation tax	342,720		199,991
Other taxation and social security	75,361		85,576
Obligations under finance leases and hire purchase contracts (secured)	45,538		4,818
Other creditors	281,893		216,115
	1,704,420		1,330,449

Included within other creditors is a balance of £263,201 (2024 - £174,301) which relates to deposits received by customers for contracts which are not yet live.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	0		30,868

The obligations under finance leases and hire purchase contracts are secured on the assets financed. These assets are included within vehicles and have a total net book value of £69,740 (2024 - £32,585).

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	43,134		68,390

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	314,858		277,666
between one and five years	773,673		737,458
after five years	754,250		930,250
Total future minimum lease payments under non-cancellable operating leases	1,842,781		1,945,374

Financial commitments not included in the balance sheet relate to leases over the business premises, vehicles and items of equipment.

10. Related party transactions

Transactions with the entity's directors

Advances

The directors loan account(s) are repayable on demand and interest has been charged on overdrawn balance(s) exceeding £10,000 at the official HMRC rates.

At 1 October 2024 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £206,684 and received repayments of £206,684 leaving a balance due from the directors of £nil.

At 1 October 2023 the balance owed from the directors was £50,274. During the year, the company made advances to directors amounting to £nil and received repayments of £50,274 leaving a balance due from the directors of £nil.