REGISTERED NUMBER: 11346697 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

S PEART CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S R Peart

REGISTERED OFFICE:

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

11346697 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

142,119

120,108

CURRENT ASSETS

Stocks

3,500

3,200

Debtors

5

115,109

91,627

Cash at bank

54,025

50,015

172,634

144,842

CREDITORS

Amounts falling due within one year

6

61,076

58,974

NET CURRENT ASSETS

111,558

85,868

TOTAL ASSETS LESS CURRENT LIABILITIES

253,677

205,976

CREDITORS

Amounts falling due after more than one year

7

(90,445

)

(68,616

)

PROVISIONS FOR LIABILITIES

(27,003

)

-

NET ASSETS

136,229

137,360

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

136,219

137,350

SHAREHOLDERS' FUNDS

136,229

137,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 July 2026 and were signed by:

S R Peart - Director

1.	STATUTORY INFORMATION

S Peart Construction 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.

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

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2025

217,628

1,671

219,299

Additions

87,501

-

87,501

Disposals

(71,782

)

-

(71,782

)

Transfer to ownership

(26,717

)

-

(26,717

)

At 31 May 2026

206,630

1,671

208,301

DEPRECIATION

At 1 June 2025

97,986

1,205

99,191

Charge for year

24,627

155

24,782

Eliminated on disposal

(31,074

)

-

(31,074

)

Transfer to ownership

(26,717

)

-

(26,717

)

At 31 May 2026

64,822

1,360

66,182

NET BOOK VALUE

At 31 May 2026

141,808

311

142,119

At 31 May 2025

119,642

466

120,108

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

Plant and

machinery

£

COST

At 1 June 2025

127,426

Additions

87,501

Disposals

(64,532

)

Transfer to ownership

(18,685

)

At 31 May 2026

131,710

DEPRECIATION

At 1 June 2025

36,457

Charge for year

17,860

Eliminated on disposal

(23,824

)

Transfer to ownership

(18,685

)

At 31 May 2026

11,808

NET BOOK VALUE

At 31 May 2026

119,902

At 31 May 2025

90,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

51,757

51,102

Other debtors

63,352

40,525

115,109

91,627

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

11,685

23,773

Trade creditors

24,906

23,344

Taxation and social security

12,085

10,657

Other creditors

12,400

1,200

61,076

58,974

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

5,669

Hire purchase contracts

90,445

62,947

90,445

68,616

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2026 and 31 May 2025:

2026

2025

£

£

S R Peart

Balance outstanding at start of year

-

-

Amounts advanced

81,095

-

Amounts repaid

(67,692

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,403

-

The director's loan account is repayable upon demand and interest has been charged at the relevant rate during the year.