REGISTERED NUMBER: 02057161 (England and Wales)

P.B.M. CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J McGarry

N M P McGarry

SECRETARY:

N M P McGarry

REGISTERED OFFICE:

15-17 Green Lane

Small Heath

Birmingham

West Midlands

B9 5BU

REGISTERED NUMBER:

02057161 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

1,495,467

1,688,619

CURRENT ASSETS

Stocks

27,513

168,503

Debtors

5

347,031

397,112

Cash at bank and in hand

298,326

383,924

672,870

949,539

CREDITORS

Amounts falling due within one year

6

668,189

852,560

NET CURRENT ASSETS

4,681

96,979

TOTAL ASSETS LESS CURRENT LIABILITIES

1,500,148

1,785,598

CREDITORS

Amounts falling due after more than one year

7

(446,809

)

(621,506

)

PROVISIONS FOR LIABILITIES

(326,040

)

(300,889

)

NET ASSETS

727,299

863,203

CAPITAL AND RESERVES

Called up share capital

18

18

Retained earnings

727,281

863,185

SHAREHOLDERS' FUNDS

727,299

863,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

B J McGarry - Director

1.	STATUTORY INFORMATION

P.b.m. Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

3,597,580

6,084

588,971

29,623

4,222,258

Additions

83,576

-

27,499

-

111,075

Disposals

(50,000

)

-

(30,488

)

-

(80,488

)

At 31 December 2025

3,631,156

6,084

585,982

29,623

4,252,845

DEPRECIATION

At 1 January 2025

2,054,665

5,638

444,368

28,968

2,533,639

Charge for year

241,873

57

41,353

655

283,938

Eliminated on disposal

(36,373

)

-

(23,826

)

-

(60,199

)

At 31 December 2025

2,260,165

5,695

461,895

29,623

2,757,378

NET BOOK VALUE

At 31 December 2025

1,370,991

389

124,087

-

1,495,467

At 31 December 2024

1,542,915

446

144,603

655

1,688,619

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,197,950

215,731

1,413,681

Additions

58,335

-

58,335

At 31 December 2025

1,256,285

215,731

1,472,016

DEPRECIATION

At 1 January 2025

347,046

121,362

468,408

Charge for year

136,384

23,591

159,975

At 31 December 2025

483,430

144,953

628,383

NET BOOK VALUE

At 31 December 2025

772,855

70,778

843,633

At 31 December 2024

850,904

94,369

945,273

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

244,970

320,603

Other debtors

102,061

76,509

347,031

397,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts (see note 8)

219,383

270,861

Trade creditors

259,651

396,862

Taxation and social security

117,940

76,837

Other creditors

71,215

108,000

668,189

852,560

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts (see note 8)

446,809

621,506

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Net obligations repayable:

Within one year

219,383

270,861

Between one and five years

446,809

621,506

666,192

892,367

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

21,267

21,267

Between one and five years

26,897

48,164

48,164

69,431

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/25

31/12/24

£

£

Hire purchase contracts

666,192

892,367

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31/12/25

31/12/24

£

£

B J McGarry

Balance outstanding at start of year

32,408

37,529

Amounts advanced

59,341

69,408

Amounts repaid

(68,803

)

(74,529

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,946

32,408