Paul_Collins_Builders_Limited_30_Apr_2026_companies_house_set_of

Paul Collins Builders Limited

Statement of Financial Position

30 April 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	1,285		1,365
Current assets
Stocks		2,083		3,800
Debtors	6	81,854		107,198
Cash at bank and in hand		96,082		96,505
		180,019		207,503
Creditors: amounts falling due within one year	7	(120,790	)	(127,130	)
Net current assets		59,229		80,373
Total assets less current liabilities		60,514		81,738
Creditors: amounts falling due after more than one year	8	-		(1,804	)
Provisions for liabilities		(244	)	(259	)
Net assets		60,270		79,675
Capital and reserves
Called up share capital		100		100
Profit and loss account		60,170		79,575
Shareholders funds		60,270		79,675

For the year ending

30 April 2026

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The 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 Act 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

11 August 2026

, and are signed on behalf of the board by:

Mr P S Collins

Director

Company registration number:

07597377

Paul Collins Builders Limited

Notes to the Financial Statements

Year ended

30 April 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

40 Eastfield Avenue

Grimsby

North East Lincolnshire

DN33 2PD

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor vehicles	20% straight line
Plant and machinery	20% straight line
Office equipment	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 May 2025	24,442
Additions	660
At 30 April 2026	25,102
Depreciation
At 1 May 2025	23,077
Charge	740
At 30 April 2026	23,817
Carrying amount
At 30 April 2026	1,285
At 30 April 2025	1,365

6 Debtors

	2026	2025
	£	£
Trade debtors	81,305	106,704
Other debtors	549	494
	81,854	107,198

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,754	2,007
Trade creditors	54,229	46,530
Taxation and social security	23,314	32,273
Other creditors	41,493	46,320
	120,790	127,130

8 Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans and overdrafts	-		1,804