Company registration number 05069360 (England and Wales)
PADKEN STEEL ERECTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PADKEN STEEL ERECTORS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PADKEN STEEL ERECTORS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
175,350
80,155
Current assets
Debtors
4
81,079
709,633
Cash at bank and in hand
3,330,993
2,679,886
3,412,072
3,389,519
Creditors: amounts falling due within one year
5
(152,199)
(401,098)
Net current assets
3,259,873
2,988,421
Total assets less current liabilities
3,435,223
3,068,576
Provisions for liabilities
(43,626)
(19,827)
Net assets
3,391,597
3,048,749
Capital and reserves
Called up share capital
33
33
Capital redemption reserve
67
67
Profit and loss reserves
3,391,497
3,048,649
Total equity
3,391,597
3,048,749

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 July 2026 and are signed on its behalf by:
Mr M A Pickersgill
Director
Company registration number 05069360 (England and Wales)
PADKEN STEEL ERECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Padken Steel Erectors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Holes Lane, Woolston, Warrington, England, WA1 4NE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance
1.4
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

PADKEN STEEL ERECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025
78,808
6,578
118,830
204,216
Additions
-
0
-
0
156,905
156,905
Disposals
-
0
(5,096)
(73,591)
(78,687)
At 31 December 2025
78,808
1,482
202,144
282,434
Depreciation and impairment
At 1 January 2025
63,157
6,578
54,326
124,061
Depreciation charged in the year
3,130
-
0
28,217
31,347
Eliminated in respect of disposals
-
0
(5,096)
(43,228)
(48,324)
At 31 December 2025
66,287
1,482
39,315
107,084
Carrying amount
At 31 December 2025
12,521
-
0
162,829
175,350
At 31 December 2024
15,651
-
0
64,504
80,155
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
39,010
595,132
Other debtors
42,069
114,501
81,079
709,633
PADKEN STEEL ERECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,392
219,402
Corporation tax
127,211
148,606
Other creditors
19,596
33,090
152,199
401,098
6
Directors' transactions

The below loan is unsecured, interest free and repayable on demand. All of the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.

2025
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr MA Pickersgill
24,037
38,979
(53,994)
9,022
24,037
38,979
(53,994)
9,022
2024
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr MA Pickersgill
25,276
24,037
(25,276)
24,037
25,276
24,037
(25,276)
24,037
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