Company registration number 15553928 (England and Wales)
ONE CIVILS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ONE CIVILS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
ONE CIVILS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
199,295
113,658
Current assets
Debtors
5
642,510
571,534
Cash at bank and in hand
179,703
130,853
822,213
702,387
Creditors: amounts falling due within one year
6
(330,034)
(394,261)
Net current assets
492,179
308,126
Total assets less current liabilities
691,474
421,784
Creditors: amounts falling due after more than one year
7
(27,117)
(28,276)
Provisions for liabilities
(44,257)
(23,343)
Net assets
620,100
370,165
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
620,000
370,065
Total equity
620,100
370,165
ONE CIVILS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 August 2026 and are signed on its behalf by:
C Hobbs
Director
Company registration number 15553928 (England and Wales)
ONE CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

One Civils Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Pennine Parade, Pennine Drive, London, NW2 1NT.

1.1
Reporting period

T he first annual financial statements are presented for a period longer than one year as they cover the period from incorporation to the year end date.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Revenue

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Sales are recognised on the basis of work measured, valued and certified at the year end.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Any known contract losses are recognised in full at the balance sheet date.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

ONE CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
Construction services

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Straight Line
Fixtures and fittings
25% Straight Line
Motor vehicles
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ONE CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

ONE CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue recognition - stage of completion for ongoing contracts

Revenue recognition is a key area of judgement especially in companies operating in the construction industry. The calculation of contract turnover, gross amounts due from customers and work in progress is contingent on the accurate measurement of work done and internal valuations by key management personnel. The amounts due from contract customers requires the company to make a judgement in relation to the stage of completion of the contracts ongoing at the year end. Management are provided with internal valuations by experienced personnel based on the costs incurred to date and the terms and conditions of the contract.

The directors have ensured that generally accepted industry practices and methodologies are followed by all relevant personnel and that accounting and quality management systems are regularly evaluated and certified.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
5
5
ONE CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
126,115
Additions
152,070
At 31 March 2026
278,185
Depreciation and impairment
At 1 April 2025
12,457
Depreciation charged in the year
66,433
At 31 March 2026
78,890
Carrying amount
At 31 March 2026
199,295
At 31 March 2025
113,658

Certain items of Plant & Machinery have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity until the borrowings have been repaid.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
97,641
-
0
Other debtors
544,869
571,534
642,510
571,534

Included in other debtors are amounts owed by related companies that are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
156,574
36,536
Taxation and social security
98,607
102,173
Other creditors
74,853
255,552
330,034
394,261
ONE CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
6
Creditors: amounts falling due within one year
(Continued)
- 8 -

Included in other creditors are amounts owed to related companies that are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

Included in other creditors falling due within and after one year, are net obligations under hire purchase contracts totalling £65,952, (2025 : £56,044) which are secured.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
27,117
28,276
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100

The company has one class of ordinary shares which carry no right to fixed income.

2026-03-31 2025-04-01 false false false 19 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity V Gallagher G Gallagher P Doherty C Hobbs Ms M O'Shea 15553928 2025-04-01 2026-03-31 15553928 2026-03-31 15553928 2025-03-31 15553928 core:OtherPropertyPlantEquipment 2026-03-31 15553928 core:OtherPropertyPlantEquipment 2025-03-31 15553928 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 15553928 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15553928 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 15553928 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 15553928 core:CurrentFinancialInstruments 2026-03-31 15553928 core:CurrentFinancialInstruments 2025-03-31 15553928 core:ShareCapital 2026-03-31 15553928 core:ShareCapital 2025-03-31 15553928 core:RetainedEarningsAccumulatedLosses 2026-03-31 15553928 core:RetainedEarningsAccumulatedLosses 2025-03-31 15553928 core:ShareCapitalOrdinaryShareClass1 2026-03-31 15553928 core:ShareCapitalOrdinaryShareClass1 2025-03-31 15553928 bus:Director4 2025-04-01 2026-03-31 15553928 core:PlantMachinery 2025-04-01 2026-03-31 15553928 core:FurnitureFittings 2025-04-01 2026-03-31 15553928 core:MotorVehicles 2025-04-01 2026-03-31 15553928 2024-03-11 2025-03-31 15553928 core:OtherPropertyPlantEquipment 2025-03-31 15553928 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 15553928 core:Non-currentFinancialInstruments 2026-03-31 15553928 core:Non-currentFinancialInstruments 2025-03-31 15553928 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 15553928 bus:OrdinaryShareClass1 2026-03-31 15553928 bus:OrdinaryShareClass1 2025-03-31 15553928 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 15553928 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 15553928 bus:FRS102 2025-04-01 2026-03-31 15553928 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 15553928 bus:Director1 2025-04-01 2026-03-31 15553928 bus:Director2 2025-04-01 2026-03-31 15553928 bus:Director3 2025-04-01 2026-03-31 15553928 bus:CompanySecretary1 2025-04-01 2026-03-31 15553928 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP