General Information
Pinkney Building Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 06026274, registration address The Old Foundry, North Road, Tow Law, DL13 4JS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 25 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
7.5% Reducing Balance |
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Construction contracts
Where the outcome of construction contracts cannot be estimated reliably, contract revenue and contract costs are recognised by reference to the stage completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised.
Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 19 (2024 : 41).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
72,000 |
|
72,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 October 2025 |
72,000 |
|
72,000 |
| Amortisation |
| At 01 November 2024 |
72,000 |
|
72,000 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 October 2025 |
72,000 |
|
72,000 |
| Net book values |
| At 31 October 2025 |
- |
|
- |
| At 31 October 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 November 2024 |
164,326 |
|
1,334,252 |
|
83,088 |
|
1,581,666 |
| Additions |
- |
|
69,200 |
|
- |
|
69,200 |
| Disposals |
- |
|
(69,500) |
|
- |
|
(69,500) |
| Revaluations |
500,000 |
|
- |
|
- |
|
500,000 |
| At 31 October 2025 |
664,326 |
|
1,333,952 |
|
83,088 |
|
2,081,366 |
| Depreciation |
| At 01 November 2024 |
- |
|
864,580 |
|
6,924 |
|
871,504 |
| Charge for year |
- |
|
68,584 |
|
18,144 |
|
86,728 |
| On disposals |
- |
|
(41,608) |
|
- |
|
(41,608) |
| At 31 October 2025 |
- |
|
891,556 |
|
25,068 |
|
916,624 |
| Net book values |
| Closing balance as at 31 October 2025 |
664,326 |
|
442,396 |
|
58,020 |
|
1,164,742 |
| Opening balance as at 01 November 2024 |
177,447 |
|
469,672 |
|
76,164 |
|
723,283 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
40,842 |
|
76,457 |
|
40,842 |
|
76,457 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
207,057 |
|
262,398 |
| Amount Owed by Group Undertakings |
91,911 |
|
138,666 |
| Amounts owed by customers on construction contract |
13,122 |
|
68,267 |
| Prepayments & Accrued Income |
12,432 |
|
9,528 |
| Other Debtors |
3,159 |
|
3,159 |
|
327,681 |
|
482,018 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
251,955 |
|
366,243 |
| Corporation Tax |
4,715 |
|
8,177 |
| PAYE & Social Security |
10,246 |
|
17,415 |
| Pension Control |
1,186 |
|
3,955 |
| Accrued Expenses |
4,500 |
|
4,500 |
| Obligations under HP/Financial Leases |
41,812 |
|
21,376 |
| Wages & Salaries Control Account |
0 |
|
16,605 |
| Directors' Current Accounts |
586 |
|
9,933 |
| VAT |
55,093 |
|
68,334 |
|
370,093 |
|
516,538 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
49,287 |
|
63,743 |
| Bank Loans & Overdrafts |
0 |
|
38,958 |
| Self Storage Loan |
2,572 |
|
13,812 |
| Obligations Under HP/Financial Leases |
83,246 |
|
99,338 |
|
135,105 |
|
215,851 |
|
| 9. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
79,201 |
|
101,793 |
| Deferred tax - additions |
12,180 |
|
(22,592) |
|
91,381 |
|
79,201 |
|
| 10. |
Revaluation Reserves
|
2025
£ |
|
2024
£ |
| Revaluation Reserve b/fwd |
78,660 |
|
78,660 |
| Revaluation of Fixed Assets |
500,000 |
|
0 |
|
578,660 |
|
78,660 |
|
| 11. |
Directors advances, credits and guarantees
Included in creditors: amounts falling due within one year are amounts owed to Directors of £586 (2024 - £9,933).
|
| 12. |
Controlling party
For the whole of the year the company was under the control of its shareholders.
|
2
|