Company registration number 05631212 (England and Wales)
FIT OUT CONTRACTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
FIT OUT CONTRACTS LTD
COMPANY INFORMATION
Directors
Mr A P Lowe
Mrs M S Lowe
Secretary
Mrs M S Lowe
Company number
05631212
Registered office
The Stables
Apostles Oak
Abberley
Worcester
Worcestershire
WR6 6AD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
The Cooperative Bank
PO Box 250
Skelmersdale
WN8 6WT
FIT OUT CONTRACTS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
FIT OUT CONTRACTS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FIT OUT CONTRACTS LTD FOR THE YEAR ENDED 31 JANUARY 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fit Out Contracts Ltd for the year ended 31 January 2026 which comprise, the balance sheet and the related notes 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 https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Fit Out Contracts Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fit Out Contracts Ltd and state those matters that we have agreed to state to the b oard of d irectors of Fit Out Contracts 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 Fit Out Contracts Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Fit Out Contracts 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 Fit Out Contracts Ltd. You consider that Fit Out Contracts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fit Out Contracts 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 f inancial statements.

Ormerod Rutter Limited
28 May 2026
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
FIT OUT CONTRACTS LTD
BALANCE SHEET
AS AT 31 JANUARY 2026
31 January 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
62,389
47,758
Current assets
Stocks
82,686
-
Debtors
4
48,250
96,507
Cash at bank and in hand
54,912
27,327
185,848
123,834
Creditors: amounts falling due within one year
5
(196,984)
(141,134)
Net current liabilities
(11,136)
(17,300)
Total assets less current liabilities
51,253
30,458
Creditors: amounts falling due after more than one year
6
(29,000)
(18,682)
Provisions for liabilities
8
(15,177)
(11,503)
Net assets
7,076
273
Capital and reserves
Called up share capital
9
200
200
Profit and loss reserves
6,876
73
Total equity
7,076
273

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

FIT OUT CONTRACTS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2026
31 January 2026
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 28 May 2026 and are signed on its behalf by:
Mrs M S Lowe
Director
Company registration number 05631212 (England and Wales)
FIT OUT CONTRACTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
1
Accounting policies
Company information

Fit Out Contracts Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Stables, Apostles Oak, Abberley, Worcester, Worcestershire, WR6 6AD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.5
Taxation

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

FIT OUT CONTRACTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
6
5
FIT OUT CONTRACTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2025
5,277
4,592
7,656
113,488
131,167
Additions
5,256
-
0
3,720
26,625
35,601
Disposals
(1,408)
-
0
(631)
-
0
(2,039)
At 31 January 2026
9,125
4,746
10,745
140,113
164,729
Depreciation and impairment
At 1 February 2025
2,221
3,027
4,003
73,899
83,409
Depreciation charged in the year
1,090
220
1,765
16,554
19,629
Eliminated in respect of disposals
(385)
-
0
(313)
-
0
(698)
At 31 January 2026
2,926
3,506
5,455
90,453
102,340
Carrying amount
At 31 January 2026
6,199
1,240
5,290
49,660
62,389
At 31 January 2025
3,056
1,460
3,653
39,589
47,758
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
21,170
7,433
Amounts owed by group undertakings
19,232
84,117
Other debtors
7,848
4,957
48,250
96,507
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
3,530
10,420
Trade creditors
72,107
40,100
Taxation and social security
59,573
49,230
Other creditors
61,774
41,384
196,984
141,134
FIT OUT CONTRACTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
3,512
Other creditors
29,000
15,170
29,000
18,682
7
Secured debts
The following secured debts are included within creditors:
2026
2025
£
£
Hire purchase contracts
40,370
22,548
Bank loans
3,530
13,932
43,900
36,480
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government-backed guarantee.
8
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
15,177
11,503
9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' of £1 each
100
100
100
100
Ordinary 'B' of £1 each
100
100
100
100
200
200
200
200
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

FIT OUT CONTRACTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
11
Control

Ultimate parent company

The ultimate parent company is Fit Out Contracts Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr A P Lowe and Mrs M S Lowe by virtue of their controlling interest in the ultimate parent company.

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