Registration number: NI640547

PCD Contracts Limited

(Registration number: NI640547)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	9,804	9,804
Tangible assets	5	399,568	368,407
		409,372	378,211
Current assets
Stocks	6	1,020,765	850,443
Debtors	7	681,468	557,821
Cash at bank and in hand		-	50,959
		1,702,233	1,459,223
Creditors : due within one year	8	(1,257,860)	(577,681)
Net current assets		444,373	881,542
Total assets less current liabilities		853,745	1,259,753
Creditors : due after more than one year	9	(32,280)	(572,553)
Net assets		821,465	687,200
Capital and reserves
Called up share capital	10	100	100
Shareholders loan capital		700,000	-
Retained earnings		121,365	687,100
Shareholders' funds		821,465	687,200

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

PCD Contracts Limited

(Registration number: NI640547)
Balance Sheet as at 30 September 2025

Approved and authorised by the director on 15 June 2025
 

......................................... Patrick Dougan Director

PCD Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 5 Church Street, Ahoghill, Ballymena, Co Antrim, BT42 2PA.

These financial statements were authorised for issue by the director on 15 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue from the provision of construction and associated services is recognised over the construction term and calculated with reference to the total contract value and the degree of completion at the reporting date. Work completed but not invoiced is recognised as turnover and held in work-in-progress on the balance sheet.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	15% reducing balance basis

PCD Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Plant and equipment

15% reducing balance basis

Intangible assets

Intangible assets comprise website and software development costs. They are capitalised at cost, including the costs of internal development where applicable. The carrying values are reviewed annually at the reporting date and provision is provided if there is an indication of impairment.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes all associated expenses such as handling and delivery and is recognised on a first-in, first-out basis.

Work in progress represents the value of the construction work completed at the repoting date which has not been invoiced. The value is calculated with reference to the degree of completion of the project and the contract value. It will include directly attributable labour and materials and a profit margin element.

Stocks and work in progress are reviewed at the reporting date for evidence of any impairment. Where required full provision is recognised immediately through the profit and loss account.

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. Non-interest bearing loans from connected parties are recognised at transaction price.

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.

PCD Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 24).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 October 2024	9,804	9,804
At 30 September 2025	9,804	9,804
Amortisation
Carrying amount
At 30 September 2025	9,804	9,804
At 30 September 2024	9,804	9,804

PCD Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6

Stocks

	2025 £	2024 £
Raw materials and consumables	40,000	40,000
Work in progress	980,765	810,443
	1,020,765	850,443

7

Debtors

	2025 £	2024 £
Trade debtors	663,491	546,758
Prepayments	3,852	3,563
Other debtors	14,125	7,500
	681,468	557,821

8	Creditors: due within one year

	2025 £	2024 £
Loans and borrowings	84,390	-
Trade creditors	831,311	341,178
Taxation and social security	180,208	88,929
Accruals and deferred income	159,599	145,222
Other creditors	2,352	2,352
	1,257,860	577,681