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Registration number: 04153815

M. Logan & Sons Limited
Filleted Financial Statements
for the Year Ended 31 January 2026

M. Logan & Sons Limited

Contents

Balance Sheet | 1
Statement of Changes in Equity | 2
Notes to the Financial Statements | 3 to 9

M. Logan & Sons Limited

(Registration number: 04153815)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 329,588 | 343,565
Current assets |  |  |
Debtors | 5 | 1,086,737 | 1,134,344
Cash at bank and in hand |  | 564,094 | 502,867
|  | 1,650,831 | 1,637,211
Creditors: Amounts falling due within one year | 6 | (890,941) | (702,193)
Net current assets |  | 759,890 | 935,018
Total assets less current liabilities |  | 1,089,478 | 1,278,583
Creditors: Amounts falling due after more than one year | 6 | - | (169,461)
Provisions for liabilities |  | (79,172) | (85,890)
Net assets |  | 1,010,306 | 1,023,232
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,010,206 | 1,023,132
Shareholders' funds |  | 1,010,306 | 1,023,232

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 August 2026 and signed on its behalf by:

......................................... Mr PJK Daniel Company secretary and director | ......................................... Mr PM Blackburn Director |

M. Logan & Sons Limited

Statement of Changes in Equity for the Year Ended 31 January 2026

| Share capital £ | Retained earnings £ | Total £
At 1 February 2025 | 100 | 1,023,132 | 1,023,232
Profit for the year | - | 304,914 | 304,914
Dividends | - | (317,840) | (317,840)
At 31 January 2026 | 100 | 1,010,206 | 1,010,306

| Share capital £ | Retained earnings £ | Total £
At 1 February 2024 | 100 | 974,540 | 974,640
Profit for the year | - | 313,262 | 313,262
Dividends | - | (264,670) | (264,670)
At 31 January 2025 | 100 | 1,023,132 | 1,023,232

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Bracken Lea House 479 Leigh Road
Westhoughton
Bolton
Lancashire
BL5 2JH

These financial statements were authorised for issue by the Board on 10 August 2026.

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.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 10 August 2026 was Anna Heyes FCA, who signed for and on behalf of EKWilliams Accountants Limited.

Changes in accounting estimate

Change in plant and machinery depreciation rate

During the year, the directors revised the estimated useful lives of plant and machinery. The depreciation rate was changed from 25% to 20% per annum. The effect of this change in estimate was to reduce the depreciation charge for the year by £12,902 and increase profit before taxation by the same amount.

Revenue recognition

Turnover in the profit and loss account represents the total amount receivable for construction services provided during the year, excluding Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year.
Revenue from contracts for the provision of construction services is recognised by reference to the stage of completion when the stage of completion and costs incurred. The stage of completion is calculated by comparing costs incurred, maily in relation to contractual hourly staff rates, materials and sub contractors, as a proportion of total costs. Revenue from contracts which the company has entitlement to but has not yet received in shown as Amounts recoverable on contracts in the balance sheet.

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Tax

The tax expense for the period comprises current and deferred 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 in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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
Leasehold property | 10% on cost
Plant and machinery | 20% reducing balance
Fixtures and fittings | 20% reducing balance
Motor vehicles | 25% reducing balance
Cycle to work | 25% reducing balance

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.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
The company has chosen to adopt sections 11 and 12 of FRS102 in respect of financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the amounts.
Financial assets and liabilities are classified according to the substance of the contractual arrangements entered into.
Financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement is a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable in more than one year are not amortised.
Financial liabilities are initially recognised at transaction price unless the arrangement is a financing transaction, where the debt instrument is nless the arrangement is a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as receivable in more than one year are not amortised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2025 - 45).

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Cycle to work £ | Plant and machinery £
Cost or valuation
At 1 February 2025 | 8,883 | 58,820 | 136,790 | 3,629 | 780,086
Additions | - | - | 17,637 | - | 70,808
Disposals | - | - | (25,045) | - | (173,694)
At 31 January 2026 | 8,883 | 58,820 | 129,382 | 3,629 | 677,200
Depreciation
At 1 February 2025 | 8,883 | 58,466 | 86,302 | 2,099 | 488,893
Charge for the year | - | 71 | 14,523 | 383 | 51,609
Eliminated on disposal | - | - | (22,360) | - | (140,543)
At 31 January 2026 | 8,883 | 58,537 | 78,465 | 2,482 | 399,959
Carrying amount
At 31 January 2026 | - | 283 | 50,917 | 1,147 | 277,241
At 31 January 2025 | - | 354 | 50,488 | 1,530 | 291,193

| Total £
Cost or valuation
At 1 February 2025 | 988,208
Additions | 88,445
Disposals | (198,739)
At 31 January 2026 | 877,914
Depreciation
At 1 February 2025 | 644,643
Charge for the year | 66,586
Eliminated on disposal | (162,903)
At 31 January 2026 | 548,326
Carrying amount
At 31 January 2026 | 329,588
At 31 January 2025 | 343,565

Assets held under finance leases and hire purchase contracts

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

The net book value of tangible fixed assets includes £197,163 (2025 - £157,944) of assets held under hire purchase agreements.

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

5 | Debtors

| 2026 £ | 2025 £
Trade debtors | 483,540 | 494,707
Other debtors | 106,650 | 115,730
Amounts recoverable on contracts | 496,547 | 523,907
| 1,086,737 | 1,134,344
Less non-current portion | (263,860) | (295,144)
| 822,877 | 839,200

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings |  | 169,242 | 67,049
Trade creditors |  | 499,295 | 456,892
Taxation and social security |  | 168,351 | 121,661
Accruals and deferred income |  | 25,193 | 29,782
Other creditors |  | 28,860 | 26,809
|  | 890,941 | 702,193

Within creditors there is a secured creditors amount for hire purchase of £169,242 (2025 - £67,049).

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings |  | - | 169,461

Within creditors there is a secured creditors amount for hire purchase of £nil (2025 - £169,461).

M. Logan & Sons Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

7 | Obligations under leases and hire purchase contracts

Finance leases

The total of future minimum lease payments is as follows:

| 2026 £ | 2025 £
Not later than one year | 169,461 | 67,049
Later than one year and not later than five years | - | 169,461
| 169,461 | 236,510

Operating leases

The total of future minimum lease payments is as follows:

| 2026 £ | 2025 £
Not later than one year | 43,066 | 44,955
Later than one year and not later than five years | 107,553 | 150,620
| 150,619 | 195,575

The amount of non-cancellable operating lease payments recognised as an expense during the year was £33,837 (2025 - £48,411).