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Company No: 08910340 (England and Wales)

# THREDS CONSTRUCTION LTD

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

THREDS CONSTRUCTION LTD

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

THREDS CONSTRUCTION LTD

## COMPANY INFORMATION

For the financial year ended 31 August 2025
THREDS CONSTRUCTION LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 August 2025

Director | Stuart N Simmonds

Registered office | Innovation House Innovation Way
| Discovery Park
| Sandwich
| CT13 9FF
| United Kingdom

Company number | 08910340 (England and Wales)

Accountant | Kreston Reeves LLP
| Innovation House
| Floor 2 Ramsgate Road
| Sandwich
| Kent
| CT13 9FF

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THREDS CONSTRUCTION LTD

For the financial year ended 31 August 2025

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THREDS CONSTRUCTION LTD (continued)

For the financial year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Threds Construction Ltd for the financial year ended 31 August 2025 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Threds Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Threds Construction Ltd. You consider that Threds Construction Ltd is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Threds Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of Threds Construction Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Threds Construction Ltd and state those matters that we have agreed to state to the director of Threds Construction Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Threds Construction Ltd and its Director as a body for our work or for this report.

Kreston Reeves LLP

Innovation House
Floor 2 Ramsgate Road
Sandwich
Kent
CT13 9FF

06 May 2026

THREDS CONSTRUCTION LTD

## BALANCE SHEET

As at 31 August 2025
THREDS CONSTRUCTION LTD

## BALANCE SHEET (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 528,164 |  | 499,331
|  | 528,164 |  | 499,331
Current assets |  |  |  |
Stocks | 4 | 4,875 |  | 3,250
Debtors | 5 | 832,389 |  | 861,817
Cash at bank and in hand |  | 941,971 |  | 824,279
|  | 1,779,235 |  | 1,689,346
Creditors: amounts falling due within one year | 6 | ( 475,743) |  | ( 482,607)
Net current assets |  | 1,303,492 |  | 1,206,739
Total assets less current liabilities |  | 1,831,656 |  | 1,706,070
Creditors: amounts falling due after more than one year | 7 | ( 46,036) |  | ( 83,379)
Provision for liabilities | 8, 9 | ( 50,742) |  | ( 31,579)
Net assets |  | 1,734,878 |  | 1,591,112
Capital and reserves |  |  |  |
Called-up share capital | 10 | 100 |  | 100
Profit and loss account |  | 1,734,778 |  | 1,591,012
Total shareholder's funds |  | 1,734,878 |  | 1,591,112

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Threds Construction Ltd (registered number: 08910340) were approved and authorised for issue by the Director on 06 May 2026. They were signed on its behalf by:

Stuart N Simmonds Director |

THREDS CONSTRUCTION LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
THREDS CONSTRUCTION LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 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

Threds Construction Ltd (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 Innovation House Innovation Way, Discovery Park, Sandwich, CT13 9FF, United Kingdom.
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 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.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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.
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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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:

Land and buildings | not depreciated
Plant and machinery | 4 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 4 years straight line
Office equipment | 4 years straight line

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 Statement of Income and Retained Earnings 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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### 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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. 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.

##### 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 10 |  | 10

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 September 2024 | 321,837 |  | 116,611 |  | 269,390 |  | 0 |  | 11,698 |  | 719,536
Additions | 0 |  | 39,423 |  | 48,844 |  | 5,614 |  | 3,699 |  | 97,580
Disposals | 0 |  | 0 |  | ( 72,135) |  | 0 |  | 0 |  | ( 72,135)
| 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
At 31 August 2025 | 321,837 |  | 156,034 |  | 246,099 |  | 5,614 |  | 15,397 |  | 744,981
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 September 2024 | 0 |  | 59,973 |  | 150,197 |  | 0 |  | 10,035 |  | 220,205
Charge for the financial year | 0 |  | 21,240 |  | 44,153 |  | 339 |  | 784 |  | 66,516
Disposals | 0 |  | 0 |  | ( 69,904) |  | 0 |  | 0 |  | ( 69,904)
| 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0
At 31 August 2025 | 0 |  | 81,213 |  | 124,446 |  | 339 |  | 10,819 |  | 216,817
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 August 2025 | 321,837 |  | 74,821 |  | 121,653 |  | 5,275 |  | 4,578 |  | 528,164
At 31 August 2024 | 321,837 |  | 56,638 |  | 119,193 |  | 0 |  | 1,663 |  | 499,331

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 4,875 |  | 3,250

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 821,681 |  | 572,323
Other debtors | 10,708 |  | 289,494
| 832,389 |  | 861,817

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 21,029 |  | 4,709
Trade creditors | 153,079 |  | 83,862
Taxation and social security | 170,318 |  | 334,401
Other creditors | 131,317 |  | 59,635
| 475,743 |  | 482,607

The bank loan is secured by a fixed and floating charge over the assets of the company.

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

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 46,036 |  | 83,379

The bank loan is secured by a fixed and floating charge over the assets of the company.

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 50,742 |  | 31,579

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 31,579) |  | ( 31,579)
Charged to the Statement of Income and Retained Earnings | ( 19,163) |  | 0
At the end of financial year | ( 50,742) |  | ( 31,579)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary share shares of £ 1.00 each | 100 |  | 100

#### 11. Financial commitments

Commitments

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

| 2025 |  | 2024
| £ |  | £
within one year | 4,775 |  | 0
between one and five years | 398 |  | 0
Total future minimum lease payments under non-cancellable operating leases | 5,173 |  | 0