Pickford Builders Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05847079 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PICKFORD BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M H Holland

P J Smyth

REGISTERED OFFICE:

Unit 18

Zone D

Chelmsford Road Industrial Estate

Great Dunmow

Essex

CM6 1HD

REGISTERED NUMBER:

05847079 (England and Wales)

SENIOR STATUTORY AUDITOR:

Lee Daley FCA FCCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

Unit 4 Mulgrave Chambers

26-28 Mulgrave Road

Sutton

Surrey

SM2 6LE

FIXED ASSETS

Tangible assets

4

41,808

14,012

CURRENT ASSETS

Stocks

875

Debtors

5

2,860,985

2,590,071

Cash at bank and in hand

43,463

21,408

2,905,323

2,612,354

CREDITORS

Amounts falling due within one year

6

2,493,506

2,260,642

NET CURRENT ASSETS

411,817

351,712

TOTAL ASSETS LESS CURRENT
LIABILITIES

453,625

365,724

CREDITORS

Amounts falling due after more than one
year

7

(25,884

)

-

PROVISIONS FOR LIABILITIES

(9,614

)

(914

)

NET ASSETS

418,127

364,810

CAPITAL AND RESERVES

Called up share capital

100

Share premium

19,990

Retained earnings

398,037

344,720

418,127

364,810

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

P J Smyth - Director

1.	STATUTORY INFORMATION

Pickford Builders Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources thereto to continue its operational activities for the foreseeable future.

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.

Amounts recoverable on contracts

Revenue from amounts recoverable on contracts is based on the completion stage of those contracts which is based on the costs incurred to date. The stage of completion is calculated by comparing actual costs incurred, mainly in relation to labour and materials, as a proportion of total final expected costs and by using this percentage of completion, an adjustment is made to recognise the appropriate revenue at the forecast margin.

Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stock is stated at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 October 2024

6,294

2,170

23,352

31,816

Additions

-

36,001

Disposals

-

(3,232

)

(3,232

)

At 30 September 2025

6,294

2,170

56,121

64,585

DEPRECIATION

At 1 October 2024

6,294

2,170

9,340

17,804

Charge for year

-

6,751

Eliminated on disposal

-

(1,778

)

(1,778

)

At 30 September 2025

6,294

2,170

14,313

22,777

NET BOOK VALUE

At 30 September 2025

-

41,808

At 30 September 2024

-

14,012

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

18,328

At 30 September 2025

18,328

DEPRECIATION

Charge for year

916

At 30 September 2025

916

NET BOOK VALUE

At 30 September 2025

17,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

321,025

542,946

Amounts recoverable on contracts

259,131

413,801

Other debtors

34,549

120,467

Amounts owed by group undertakings

2,240,153

1,509,657

Prepayments and accrued income

6,127

3,200

2,860,985

2,590,071

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loans (see note 11)

4,504

79,222

Hire purchase contracts (see note 8)

4,218

-

Trade creditors

234,574

232,977

Amounts owed to group undertakings

2,086,101

1,533,596

Corporation tax

9,010

44,702

Social security and other taxes

20,762

23,682

VAT

51,070

199,987

Other creditors

2,336

2,920

Accruals and deferred income

80,931

143,556

2,493,506

2,260,642

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other loans - 1-2 years

4,504

-

Other loans - 2-5 years

8,624

-

Hire purchase contracts (see note 8)

12,756

-

25,884

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Gross obligations repayable:

Within one year

4,950

-

Between one and five years

13,623

-

18,573

-

Finance charges repayable:

Within one year

732

-

Between one and five years

867

-

1,599

-

Net obligations repayable:

Within one year

4,218

-

Between one and five years

12,756

-

16,974

-

Non-cancellable

operating leases

2025

2024

£

Within one year

24,035

30,339

Between one and five years

8,012

32,047

62,386

9.	SECURED DEBTS

Liabilities under hire purchase are secured against the assets on hire.

Other loans are secured against the assets financed with fixed interest rates of 7.65% over the term of the loan.

Bank facilities provided by Barclays Bank Plc are secured by a debenture over the assets of the company and its parent and fellow group undertakings.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Daley FCA FCCA (Senior Statutory Auditor)

for and on behalf of THP Limited

11.	RELATED PARTY TRANSACTIONS

The company is a 90% owned subsidiary of Bakers of Danbury Limited and its group companies. During the year the company had the following transactions with its fellow group companies:

2025

2024

£

Sales

730,496

763,126

Purchases

-

3,205

Management charges incurred

122,315

211,708

12.	PARENT COMPANY

The company is a 90% owned subsidiary of Bakers of Danbury Limited which is both the immediate and ultimate parent company and is incorporated in England and Wales.

Registered address : Eves Corner, Danbury, Chelmsford, Essex, CM3 4BQ.