REGISTERED NUMBER: 04964041 (England and Wales)

Phil Chapman Builders Ltd

Unaudited Financial Statements for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T R Chapman

Mrs L G Chapman

SECRETARY:

Mrs L G Chapman

REGISTERED OFFICE:

Wilson House

48 Brooklyn Road

Seaford

East Sussex

BN25 2DX

REGISTERED NUMBER:

04964041 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,364

14,834

22,364

14,834

CURRENT ASSETS

Stocks

28,600

25,250

Debtors

6

26,693

2,968

Cash at bank

65,497

121,091

120,790

149,309

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

42,564

81,638

NET CURRENT ASSETS

78,226

67,671

TOTAL ASSETS LESS CURRENT LIABILITIES

100,590

82,505

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(8,303

)

-

PROVISIONS FOR LIABILITIES

(5,356

)

(3,709

)

NET ASSETS

86,931

78,796

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

86,831

78,696

86,931

78,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr T R Chapman - Director

1.	STATUTORY INFORMATION

Phil Chapman Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for these goods and services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Website costs are amortised evenly over the estimated useful life of five years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2024

and 30 November 2025

2,300

AMORTISATION

At 1 December 2024

and 30 November 2025

2,300

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

-

2,271

52,740

1,107

56,118

Additions

13,987

-

1,000

-

14,987

At 30 November 2025

13,987

2,271

53,740

1,107

71,105

DEPRECIATION

At 1 December 2024

-

568

39,765

951

41,284

Charge for year

3,497

427

3,494

39

7,457

At 30 November 2025

3,497

995

43,259

990

48,741

NET BOOK VALUE

At 30 November 2025

10,490

1,276

10,481

117

22,364

At 30 November 2024

-

1,703

12,975

156

14,834

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

Plant and

machinery

£

COST

Additions

12,295

At 30 November 2025

12,295

DEPRECIATION

Charge for year

3,074

At 30 November 2025

3,074

NET BOOK VALUE

At 30 November 2025

9,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

21,804

-

Other debtors

4,889

2,968

26,693

2,968

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,798

-

Trade creditors

13,809

57,839

Taxation and social security

24,303

19,771

Other creditors

2,654

4,028

42,564

81,638

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,303

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

10,101

-

The loan in respect of the hire purchase agreement is secured against the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number

Class

Nominal

2024

2023

value

£

£

150

Ordinary A

£0.10

15

15

150

Ordinary B

£0.10

15

15

650

Ordinary C

£0.10

65

65

50

Ordinary D

£0.10

5

5

100

100

A, B, C and D shares all rank pari passu.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director totalling £2,943 (2024 : £307) and received repayments of £2,488 (2024 : £1,070). At the balance sheet date the company owed the director £4 (2024 : £459). This loan is unsecured, interest free and payable on demand.

12.	RELATED PARTY DISCLOSURES

During the year, the company paid dividends to its director totalling £47,670 (2024 - £31,200).