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Registered number: 5750099
G & P BUILDERS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
FOSDYKE ACCOUNTANCY SERVICES LIMITED
8 CHERRY ROAD
GOSBERTON
SPALDING
LINCS
PE11 4GX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5750099
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,265 41,287
48,265 41,287
CURRENT ASSETS
Debtors 5 4,520 2,777
Cash at bank and in hand 15,471 15,471
19,991 18,248
Creditors: Amounts Falling Due Within One Year 6 (34,110 ) (36,047 )
NET CURRENT ASSETS (LIABILITIES) (14,119 ) (17,799 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,146 23,488
Creditors: Amounts Falling Due After More Than One Year 7 (5,663 ) (413 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,170 ) (7,844 )
NET ASSETS 19,313 15,231
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 19,311 15,229
SHAREHOLDERS' FUNDS 19,313 15,231
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr JOHN PICKERING
Director
12/08/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
G & P BUILDERS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5750099 . The registered office is LINDUM COTTAGE, 11 MAIN ROAD LANGWORTH, LINCOLN, LINCS, LN3 5BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Sales, marketing and distribution 2 2
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2025 117,394
Additions 19,495
Disposals (4,000 )
As at 31 March 2026 132,889
Depreciation
As at 1 April 2025 76,107
Provided during the period 8,517
As at 31 March 2026 84,624
Net Book Value
As at 31 March 2026 48,265
As at 1 April 2025 41,287
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 2,560 2,293
Other debtors 1,960 484
4,520 2,777
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 1,800 -
Trade creditors - 3
Bank loans and overdrafts 5,489 8,859
Corporation tax 4,558 5,460
Other creditors 22,263 21,725
34,110 36,047
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7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 5,250 -
Bank loans 413 413
5,663 413
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,800 -
Later than one year and not later than five years 5,250 -
7,050 -
7,050 -
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid 20,800 21,580
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