Bisley Contracting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Bisley Contracting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06301816 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.

The company's principal activity was that of main contractors on construction projects.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for rebates, discounts and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

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.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Bisley Contracting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.6. Financial Instruments

Financial Instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the Company’s balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company’s cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cashflows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognized. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

...CONTINUED

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Bisley Contracting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.6. Financial Instruments - continued

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect 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 related 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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Valuation of Investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

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Bisley Contracting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 11)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2024	16,458	227,509	30,029	273,996
Additions	1,846	27,915	-	29,761
Disposals	-	(30,785 )	-	(30,785 )

As at 30 September 2025	18,304	224,639	30,029	272,972

Depreciation
As at 1 October 2024	13,314	136,194	21,001	170,509
Provided during the period	1,248	28,132	2,257	31,637
Disposals	-	(24,084 )	-	(24,084 )

As at 30 September 2025	14,562	140,242	23,258	178,062

Net Book Value
As at 30 September 2025	3,742	84,397	6,771	94,910

As at 1 October 2024	3,144	91,315	9,028	103,487

5. Investments

	Listed
	£
Cost or Valuation
As at 1 October 2024	10,981
Revaluations	(1,938 )

As at 30 September 2025	9,043

Provision
As at 1 October 2024	-

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	9,043

As at 1 October 2024	10,981

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Bisley Contracting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Stocks

	2025	2024
	£	£
Work in progress	425,000	-

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	236,683	408,144
Amounts recoverable on contracts	139,954	36,508
Other debtors	31,849	33,519

	408,486	478,171

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	111,248	136,486
Bank loans and overdrafts	5,456	-
Other creditors	486,663	393,416
Taxation and social security	321,144	474,820

	924,511	1,004,722

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	23,728	25,872

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	72	72

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Bisley Contracting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than one year	20,380	14,363
Later than one year and not later than five years	14,380	4,760

	34,760	19,123

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		94,910		103,487
Investments	5		9,043		10,981

			103,953		114,468
CURRENT ASSETS
Stocks	6	425,000		-
Debtors	7	408,486		478,171
Cash at bank and in hand		580,796		1,000,262

		1,414,282		1,478,433
Creditors: Amounts Falling Due Within One Year	8	(924,511 )		(1,004,722 )

NET CURRENT ASSETS (LIABILITIES)			489,771		473,711

TOTAL ASSETS LESS CURRENT LIABILITIES			593,724		588,179

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(23,728 )		(25,872 )

NET ASSETS			569,996		562,307

CAPITAL AND RESERVES
Called up share capital	10		72		72
Capital redemption reserve			31		31
Profit and Loss Account			569,893		562,204

SHAREHOLDERS' FUNDS			569,996		562,307

Mr A E Hills Director	Mr J P Ingram Director
18 June 2026