REGISTERED NUMBER: 12886760 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Adref Construction Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A D J Harries

L T Jones

REGISTERED OFFICE:

Manchester House

Grosvenor Hill

CARDIGAN

Ceredigion

SA43 1HY

REGISTERED NUMBER:

12886760 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Manchester House

Grosvenor Hill

Cardigan

Ceredigion

SA43 1HY

FIXED ASSETS

Tangible assets

4

265,925

253,841

Investments

5

79,658

52,540

345,583

306,381

CURRENT ASSETS

Stocks

15,306

41,931

Debtors

6

3,281

35,918

Cash at bank

329,485

324,123

348,072

401,972

CREDITORS

Amounts falling due within one year

7

132,714

148,567

NET CURRENT ASSETS

215,358

253,405

TOTAL ASSETS LESS CURRENT LIABILITIES

560,941

559,786

CREDITORS

Amounts falling due after more than one year

8

(108,665

)

(144,779

)

PROVISIONS FOR LIABILITIES

(50,526

)

(48,230

)

NET ASSETS

401,750

366,777

CAPITAL AND RESERVES

Called up share capital

22

2

Retained earnings

401,728

366,775

401,750

366,777

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

A D J Harries - Director

L T Jones - Director

1.	STATUTORY INFORMATION

Adref Construction 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

367,313

Additions

61,682

At 31 December 2025

428,995

DEPRECIATION

At 1 January 2025

113,472

Charge for year

49,598

At 31 December 2025

163,070

NET BOOK VALUE

At 31 December 2025

265,925

At 31 December 2024

253,841

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

52,540

Additions

15,700

Share of profit/(loss)

11,418

At 31 December 2025

79,658

NET BOOK VALUE

At 31 December 2025

79,658

At 31 December 2024

52,540

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,195

35,918

Other debtors

2,086

-

3,281

35,918

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

48,028

54,467

Taxation and social security

77,885

91,371

Other creditors

6,801

2,729

132,714

148,567

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

108,665

144,779