Eagle Building & Decorating Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Eagle Building and Decorating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09683725. The registered office is 100 Ederline Avenue, London, SW16 4SA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0.00%
Plant & Machinery	20%
Motor Vehicles	20%
Fixtures & Fittings	20%
Computer Equipment	25%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit And LossAccount so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit And LossAccount as incurred.

Note 3 — Finance Lease Obligations

The company holds a PCP finance agreement for a Mercedes GLE Class motor vehicle. The agreement commenced on 31 July 2024 with a term of 48 months. The cash price of the vehicle is £77,945.00, the deposit paid was £15,000.00 and the amount financed was £62,945.00. Monthly payments are £736.99 exclusive of VAT. A balloon payment of £37,325.00 is due at the end of the agreement in July 2028.

Finance charges are allocated to accounting periods using the sum of digits method so as to produce a constant periodic rate of charge on the outstanding balance.

Obligations under finance lease 2026 Due within one year £6,625.52 —year 2025 £0.00

Due between one and five years: 2026 £47,906.12; year 2025 £ 59,974.03

Total finance lease obligations; 2026 £ 54,531.64 year 2025 £59,974.03

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Eagle Building & Decorating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Eagle Building and Decorating Limited's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the ended 31st March 2025, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit And LossAccount as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year] was:

	2026	2025
Office and administration	3	4

	3	4

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	138,867	197,809	16,862	353,538

As at 31 March 2026	138,867	197,809	16,862	353,538

Depreciation
As at 1 April 2025	-	90,760	8,431	99,191
Provided during the period	-	34,722	4,216	38,938

As at 31 March 2026	-	125,482	12,647	138,129

Net Book Value
As at 31 March 2026	138,867	72,327	4,215	215,409

As at 1 April 2025	138,867	107,049	8,431	254,347

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Eagle Building & Decorating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

A review of the fixed asset register identified that motor vehicles, plant and equipment and computer equipment had not previously been separately classified or individually identified. The following corrections and reclassifications have been applied from the earliest practicable date:

Motor vehicles and plant and equipment (account 4130) — the balance of £119,864.44 comprises two commercial vehicles and a pool of plant, tools and equipment used in day-to-day operations. Depreciation has been recalculated on a straight line basis at 20% per annum on cost, with reference dates agreed with the director as follows:

Asset Cost £ Reference Date Rate Method

Ford Transit Custom 320 L1 (WF0...32017) 24,200.00 24 Jan 2020 20% SL

VW Transporter T30 SWB (BF23JVM) 35,991.00 21 Apr 2023 20% SL

Plant and equipment pool 59,673.44 Sep 2021 20% SL

Mercedes GLE Class(Agreement 0015355240723003) 77,945.00 31 Jul 2024 20% SL

Total 197,809.44 - 0- -

Computer equipment (account 4150) — the balance of £16,862.48 comprises a pool of computers, laptops, tablets and printers. Depreciation has been calculated at 25% straight line with a reference date of April 2023 agreed with the director.

The cumulative effect of the depreciation corrections on the opening retained earnings for the year ended 31 March 2026 is as follows:

As previously reported £ As restated £

Motor vehicles — accumulated depreciation b/fwd £52,914.17 90,760.48

Computer equipment — accumulated depreciation b/fwd £7,614.05 8,431.24

Increase in accumulated depreciation - 38,663.50

Net reduction in opening retained earnings - (38,663.50)

Cost or valuation as at 31 March 2026 represented by:

	Land & Property
	Freehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At cost	-	197,809	16,862	214,671
At valuation	138,867	-	-	138,867

	138,867	197,809	16,862	353,538

5. Debtors

	2026	2025
	£	£
Due within one year
VAT	1,670	-

This reflects the amount of work done and invoiced but has not been paid by the end of the accounting year. also an amount received by the company under the corona virus job retention scheme.

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Eagle Building & Decorating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	6,626	-
Trade creditors	(2 )	(1 )
Corporation tax	10,370	27,490
VAT	-	7,135
Accruals and deferred income	113,437	113,887
Director's loan account	20,000	20,000

	150,431	168,511

The figure comprise amounts owed by the company, prepayments (payments on account by client customers) of work by client customers but has not yet been completed. Also other statutory debts (VAT, and/or Corporation tax due by the end of the accounting year but not yet paid by the company).

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	47,906	59,974
Bank loans	1,671	9,513
Other creditors	60,000	60,000

	109,577	129,487

The amount relates to bounce back loan (alance as at 31/03/2026) under the corona virus help by the government scheme to help out companies during the covid-19 pandemic. Outstanding balance is shown after deducting payments towards capital, the interest element was charged to profit and loss account.

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,626	-
Later than one year and not later than five years	47,906	59,974

	54,532	59,974

	54,532	59,974

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2026	2025
	£	£
Mr Arben Qinami	40,000	60,000

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Eagle Building & Decorating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

11. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	15,000	-
Final dividend paid	25,000	65,000

	40,000	65,000

The director paid a final dvidend of £40,000 for the year ended 31 March 2026

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		215,409		254,347

			215,409		254,347
CURRENT ASSETS
Debtors	5	1,670		-
Cash at bank and in hand		105,302		63,783

		106,972		63,783
Creditors: Amounts Falling Due Within One Year	6	(150,431 )		(168,511 )

NET CURRENT ASSETS (LIABILITIES)			(43,459 )		(104,728 )

TOTAL ASSETS LESS CURRENT LIABILITIES			171,950		149,619

Creditors: Amounts Falling Due After More Than One Year	7		(109,577 )		(129,487 )

NET ASSETS			62,373		20,132

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			62,372		20,131

SHAREHOLDERS' FUNDS			62,373		20,132