Accounts



















	J & C FLANAGAN CONSTRUCTION LIMITED



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 AUGUST 2025

	J & C FLANAGAN CONSTRUCTION LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 AUGUST 2025


	DIRECTORS

	Mr J Flanagan
	Mrs C Flanagan


	SECRETARY

	Mr J Flanagan

	REGISTERED OFFICE

	25 Park Street West Luton LU1 3BE


	COMPANY REGISTERED NUMBER

	05548578


	BANKERS

	Lloyds Bank plc


	ACCOUNTANTS

	Haartwells limited
	Chartered Certified Accountants
	25 Park Street West Luton LU1 3BE

	page 1

	J & C FLANAGAN CONSTRUCTION LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 AUGUST 2025




	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-9	Notes to the Financial Statements

	page 2

J & C FLANAGAN CONSTRUCTION LIMITED
Company registered number: 05548578
STATEMENT OF FINANCIAL POSITION AT 31 August 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Intangible assets	3		30,000	30,000
Plant and equipment	4		97,618	130,157

CURRENT ASSETS
Debtors	5	7,345		20,345
		7,345		20,345
CREDITORS: Amounts falling due within one year	6	84,943		130,286
NET CURRENT LIABILITIES			(77,598)	(109,941)
TOTAL ASSETS LESS CURRENT LIABILITIES			50,020	50,216

CREDITORS: Amounts falling due after more than one year	7		(37,000)	(14,823)

PROVISIONS FOR LIABILITIES			(14,570)	(14,570)
NET (LIABILITIES)/ASSETS			(£1,550)	£20,823

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			(1,650)	20,723
SHAREHOLDERS' FUNDS			(£1,550)	£20,823

	The notes on pages 5-9 form part of these financial statements

	page 3

J & C FLANAGAN CONSTRUCTION LIMITED
Company registered number: 05548578
STATEMENT OF FINANCIAL POSITION AT 31 August 2025 (CONT.)

	Note	2025		2024
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 27 May 2026

	Signed on behalf of the board of directors



	Mr J Flanagan, Director

	The notes on pages 5-9 form part of these financial statements

	page 4

	J & C FLANAGAN CONSTRUCTION LIMITED
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 AUGUST 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	J & C Flanagan Construction Limited is a Private limited company incorporated in England & Wales.

	The company's registered number and registered office address can be found on the Company Information page.

	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 September 2024.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	The notes on pages 5-9 form part of these financial statements

	page 5

	J & C FLANAGAN CONSTRUCTION LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 AUGUST 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1e.	Taxation

	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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. The measurement of deferred tax liabilities and assets reflects 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 or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


	Intangible assets


1g.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant and machinery	Reducing balance 25%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 15%
	Equipment	Reducing balance 15%


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.

	The notes on pages 5-9 form part of these financial statements

	page 6

	J & C FLANAGAN CONSTRUCTION LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 AUGUST 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1j.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.


1k.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024

	Management and administration	1	1
	Production and sales	1	1
		2	2

	The notes on pages 5-9 form part of these financial statements

	page 7

	J & C FLANAGAN CONSTRUCTION LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 AUGUST 2025



3.	INTANGIBLE FIXED ASSETS

		Goodwill	Total
		£	£
	Cost

	At 1 September 2024	30,000	30,000
	At 31 August 2025	30,000	30,000
	Amortisation

	At 31 August 2025	-	-

	Net Book Amounts

	At 31 August 2025	30,000	30,000
	At 31 August 2024	30,000	30,000


4.	PROPERTY, PLANT AND EQUIPMENT
		Plant &	Fixtures &
		Machinery	Equipment	Total
		£	£	£
	Cost

	At 1 September 2024	705,529	141,372	846,901

	At 31 August 2025	705,529	141,372	846,901

	Depreciation

	At 1 September 2024	610,614	106,130	716,744
	For the year	23,729	8,810	32,539
	At 31 August 2025	634,343	114,940	749,283

	Net Book Amounts

	At 31 August 2025	71,186	26,432	97,618
	At 31 August 2024	94,915	35,242	130,157

	The notes on pages 5-9 form part of these financial statements

	page 8

	J & C FLANAGAN CONSTRUCTION LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 AUGUST 2025



5.	DEBTORS	2025	2024
		£	£
	Trade debtors	7,345	20,345
		£7,345	£20,345



6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	21,371	16,154
	Finance leases and hire purchase contracts	25,458	48,654
	Trade creditors	1,085	6,851
	Other taxes and social security	3,289	10,385
	Other creditors	33,740	46,992
	Accruals and deferred income	-	1,250
		£84,943	£130,286



7.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	-	7,585
	Finance leases and hire purchase contracts	-	7,238
	Directors loans	37,000	-
		£37,000	£14,823



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	7,446	10,748
	leases	25,458	48,654
	within 2-5 years
	bank	-	7,585
	leases	-	7,238
		£32,904	£74,225

	The notes on pages 5-9 form part of these financial statements

	page 9