Port Talbot Brickwork Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05588753

Port Talbot Brickwork Limited

Filleted Unaudited Financial Statements

30 September 2025

Port Talbot Brickwork Limited

Financial Statements

Year ended 30 September 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Port Talbot Brickwork Limited

Officers and Professional Advisers

The board of directors	Mr N Cuthbertson
	Mr S Platt

Company secretary	Mr N Cuthbertson

Registered office	35 Darwin Road
	Port Talbot
	West Glamorgan
	SA12 6BR

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

Port Talbot Brickwork Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

FIXED ASSETS

Intangible assets	5	1,041	13,541
Tangible assets	6	69,737	87,422
		--------	---------
		70,778	100,963

CURRENT ASSETS

Stocks	7	22,000	22,000
Debtors	8	59,111	328,089
Cash at bank and in hand		58,466	101,139
		---------	---------
		139,577	451,228

CREDITORS: amounts falling due within one year	9	114,982	484,703
		---------	---------
NET CURRENT ASSETS/(LIABILITIES)		24,595	( 33,475)
		--------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		95,373	67,488

CREDITORS: amounts falling due after more than one year	10	58,567	69,185

PROVISIONS

Taxation including deferred tax	17,435	21,856
	--------	--------
NET ASSETS/(LIABILITIES)	19,371	( 23,553)
	--------	--------

CAPITAL AND RESERVES

Called up share capital	11	2	2
Profit and loss account		19,369	( 23,555)
		--------	--------
SHAREHOLDERS FUNDS/(DEFICIT)		19,371	( 23,553)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Port Talbot Brickwork Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

Mr N Cuthbertson

Director

Company registration number: 05588753

Port Talbot Brickwork Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. GENERAL INFORMATION

Port Talbot Brickwork Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are building contractors.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements is 12 months and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 30 September 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Going concern

The directors have considered the future trading position of the company and are confident that the going concern principle can be applied to the financial statements, with support from the directors.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Critical accounting estimates & assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are addressed below. i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. ii) Stock provision The company provides building based services and is subject to consumer demands. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability. iii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. iv) Accounting for construction contracts Recognition of turnover and profit is based on judgements made in respect of the ultimate profitability of a contract. Such judgements are arrived at through the use of estimates in relation to costs and value of work performed to date and to be performed in bringing contracts to completion, including satisfaction of maintenance responsibilities. These estimates are made by reference to recovery of pre-contract costs, surveys of progress against the construction programme, changes in work scope, the contractual terms under which the work is being performed including the recoverability of any unagreed income from variations on the likely outcome of discussions on claims, costs incurred and external certification of the work performed. The company has the appropriate control procedures to ensure all estimates are determined on a consistent basis and subject to appropriate review and authorization. v) Goodwill and intangible fixed assets Accounting standards require the recognition of intangible assets as part of a business combination. The methods used to value such intangible assets require the use of estimates. Future results are impacted by the amortization periods adopted and changes to the estimated useful lives would result in different effects on the profit and loss account and balance sheet. Goodwill is amortized and tested at least annually for impairment along with finite lives of intangible assets and other assets. Tests for impairment are based on subjective assumptions. vi) Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes. vii) Going Concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Construction contracts When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the level of work performed. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision. Interest receivable Interest income is recognised using the effective interest method.

Exceptional items

Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at cost.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% per annum of cost
Fixtures & Fittings	-	25% per annum of cost
Motor Vehicles	-	25% per annum of cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 October 2024 and 30 September 2025	250,000
	---------
Amortisation
At 1 October 2024	236,459
Charge for the year	12,500
	---------
At 30 September 2025	248,959
	---------
Carrying amount
At 30 September 2025	1,041
	---------
At 30 September 2024	13,541
	---------

Goodwill arose on the purchase of an incorporated business on 1st November 2005 and is being amortised over 20 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive economic benefit from the products acquired as part of that business.

6. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2024	53,864	502	122,960	177,326
Additions	–	–	7,890	7,890
	--------	----	---------	---------
At 30 September 2025	53,864	502	130,850	185,216
	--------	----	---------	---------
Depreciation
At 1 October 2024	52,615	502	36,787	89,904
Charge for the year	1,249	–	24,326	25,575
	--------	----	---------	---------
At 30 September 2025	53,864	502	61,113	115,479
	--------	----	---------	---------
Carrying amount
At 30 September 2025	–	–	69,737	69,737
	--------	----	---------	---------
At 30 September 2024	1,249	–	86,173	87,422
	--------	----	---------	---------

7. STOCKS

	2025	2024
	£	£
Raw materials and consumables	22,000	22,000
	--------	--------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	–	2
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	235,483
Other debtors	59,111	92,604
	--------	---------
	59,111	328,089
	--------	---------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,667	10,000
Trade creditors	60,183	99,041
Corporation tax	14,290	3,376
Social security and other taxes	14,131	17,129
Other creditors	19,711	355,157
	---------	---------
	114,982	484,703
	---------	---------

Within other creditors are hire purchase contracts, secured over the asset they relate totalling £10,952 (2024: £11,879).

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	6,667
Other creditors	58,567	62,518
	--------	--------
	58,567	69,185
	--------	--------

Within other creditors are hire purchase contracts, secured over the asset they relate totalling £58,567 (2024: £62,518).

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

12. RELATED PARTY TRANSACTIONS

Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies. Key Management Personnel of the entity or its parent The directors have also given a personal guarantee of up to £120k on personal properties for all bank borrowings.

13. PARENT UNDERTAKINGS

The ultimate parent company is Port Talbot Brickwork Holdings Limited, a company incorporated in England and Wales. Its registered office is the same as that displayed on page 1 of these financial statements