Company No: 08427894 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.08.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	67,830		73,734
Investments	4	4		4
		67,834		73,738
Current assets
Stocks		1,020,928		1,619,232
Debtors	5	809,853		863,734
Cash at bank and in hand		36,531		32,722
		1,867,312		2,515,688
Creditors: amounts falling due within one year	6	( 1,647,285)		( 1,858,856)
Net current assets		220,027		656,832
Total assets less current liabilities		287,861		730,570
Creditors: amounts falling due after more than one year	7	( 34,683)		( 17,096)
Provision for liabilities		0		( 16,500)
Net assets		253,178		696,974
Capital and reserves
Called-up share capital		100		100
Profit and loss account		253,078		696,874
Total shareholder's funds		253,178		696,974

For the financial period ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Blockworks Group Ltd (registered number: 08427894) were approved and authorised for issue by the Board of Directors on 09 June 2026. They were signed on its behalf by:

J W Jenner Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blockworks Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 29 Thorneycroft Lane, Downhead Park, Milton Keynes, MK15 9BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period has been extended to 17 months, ending 31 August 2025, to align with other group companies.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of property and provision of construction services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	6.67 years straight line
Vehicles	6.67 years straight line
Fixtures and fittings	6.67 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of overheads based on normal levels of activity.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 01.04.2024 to 31.08.2025		Year ended 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	15		23

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	23,980		217,113		7,904		34,680		283,677
Additions	0		67,759		0		0		67,759
Disposals	0		( 60,081)		0		0		( 60,081)
At 31 August 2025	23,980		224,791		7,904		34,680		291,355
Accumulated depreciation
At 01 April 2024	10,329		158,539		6,991		34,084		209,943
Charge for the financial period	5,093		44,098		760		420		50,371
Disposals	0		( 36,789)		0		0		( 36,789)
At 31 August 2025	15,422		165,848		7,751		34,504		223,525
Net book value
At 31 August 2025	8,558		58,943		153		176		67,830
At 31 March 2024	13,651		58,574		913		596		73,734

4. Fixed asset investments

Investments in subsidiaries

	31.08.2025
	£
Cost
At 01 April 2024	4
At 31 August 2025	4
Carrying value at 31 August 2025	4
Carrying value at 31 March 2024	4

5. Debtors

	31.08.2025		31.03.2024
	£		£
Trade debtors	151,898		39,286
Amounts owed by Group undertakings	240,513		760,359
Amounts owed by connected companies	414,156		0
Other debtors	3,286		64,089
	809,853		863,734

6. Creditors: amounts falling due within one year

	31.08.2025		31.03.2024
	£		£
Bank loans	9,167		10,000
Trade creditors	53,715		113,001
Amounts owed to Group undertakings	1,481		1,425,770
Amounts owed to connected companies	1,275,891		0
Other taxation and social security	60,170		56,099
Obligations under finance leases and hire purchase contracts (secured)	11,475		15,052
Other creditors	235,386		238,934
	1,647,285		1,858,856

Amounts due under finance lease and hire purchase contracts are secured against the assets to which they relate.

7. Creditors: amounts falling due after more than one year

	31.08.2025		31.03.2024
	£		£
Bank loans	0		13,333
Obligations under finance leases and hire purchase contracts (secured)	34,683		3,763
	34,683		17,096

Amounts due under finance lease and hire purchase contracts are secured against the assets to which they relate.