REGISTERED NUMBER: 08848284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DRYWALL CONTRACTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Jacznik

S James

SECRETARY:

Ms W Davies

REGISTERED OFFICE:

3 Premier Court

Boarden Close

Moulton Park

Northampton

Northamptonshire

NN3 6LF

REGISTERED NUMBER:

08848284 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Tangible assets

4

255,399

178,891

CURRENT ASSETS

Stocks

5

78,000

-

Debtors

6

2,339,572

2,666,855

Cash at bank

507,518

1,013,948

2,925,090

3,680,803

CREDITORS

Amounts falling due within one year

7

1,454,974

2,411,697

NET CURRENT ASSETS

1,470,116

1,269,106

TOTAL ASSETS LESS CURRENT LIABILITIES

1,725,515

1,447,997

CREDITORS

Amounts falling due after more than one year

8

(274,263

)

(207,423

)

PROVISIONS FOR LIABILITIES

10

(63,405

)

(44,723

)

NET ASSETS

1,387,847

1,195,851

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

1,387,747

1,195,751

SHAREHOLDERS' FUNDS

1,387,847

1,195,851

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 7 August 2026 and were signed on its behalf by:

J Jacznik - Director

1.	STATUTORY INFORMATION

Drywall Contracts Ltd 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.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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

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.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

4,910

336,045

20,400

361,355

Additions

9,624

168,406

1,827

179,857

Disposals

-

(32,392

)

-

(32,392

)

At 31 December 2025

14,534

472,059

22,227

508,820

DEPRECIATION

At 1 January 2025

4,910

159,787

17,767

182,464

Charge for year

1,238

100,854

1,257

103,349

Eliminated on disposal

-

(32,392

)

-

(32,392

)

At 31 December 2025

6,148

228,249

19,024

253,421

NET BOOK VALUE

At 31 December 2025

8,386

243,810

3,203

255,399

At 31 December 2024

-

176,258

2,633

178,891

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

Motor

vehicles

£

COST

At 1 January 2025

235,011

Additions

151,417

At 31 December 2025

386,428

DEPRECIATION

At 1 January 2025

58,753

Charge for year

96,607

At 31 December 2025

155,360

NET BOOK VALUE

At 31 December 2025

231,068

At 31 December 2024

176,258

5.

STOCKS

2025

2024

£

£

Stocks

41,000

-

Work-in-progress

37,000

-

78,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,382,983

1,916,808

Amounts owed by group undertakings

25,216

-

Other debtors

796,348

581,776

VAT

126,693

161,004

Prepayments

8,332

7,267

2,339,572

2,666,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 9)

12,304

33,233

Hire purchase contracts

45,623

32,035

Trade creditors

1,107,091

1,766,638

Corporation tax

129,211

302,331

Social security and other taxes

23,371

25,927

Pension Creditor

1,779

1,232

Other creditors

133,541

51,400

Directors' current accounts

2,054

198,901

1,454,974

2,411,697

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

274,263

207,423

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

12,304

33,233

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

63,405

44,723

Deferred

tax

£

Balance at 1 January 2025

44,723

Provided during year

18,682

Balance at 31 December 2025

63,405

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

35

Ordinary A

1

35

35

35

Ordinary B

1

35

35

30

Ordinary C

1

30

30

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2025

1,195,751

Profit for the year

352,996

Dividends

(161,000

)

At 31 December 2025

1,387,747

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors were owed £2,059 (2024 - £198,901). This loan is unsecured, interest free and repayable on demand.

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £161,000 were paid to the directors .

As at the year end, the company was owed £25,000 (2024 £Nil) by a connected company DCL Firestopping Limited. This loan is unsecured, interest free and repayable on demand. The balance is included within other debtors.

As at the year end, the company was owed £216 (2024 £Nil) by a connected company DCL Holdings Limited. This loan is unsecured, interest free and repayable on demand. The balance is included within other debtors.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Symon James, Elizabeth Jacznik andJon Jacznik.