REGISTERED NUMBER: 01190065 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

P.K.S. (Construction) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

313,345

353,146

Current assets

Stocks

1,809,254

934,254

Debtors

6

213,227

180,617

Cash at bank and in hand

209,828

345,880

2,232,309

1,460,751

Creditors

Amounts falling due within one year

7

(1,094,678

)

(392,831

)

Net current assets

1,137,631

1,067,920

Total assets less current liabilities

1,450,976

1,421,066

Creditors

Amounts falling due after more than one year

8

(4,083

)

(19,704

)

Provisions for liabilities

(78,337

)

(88,287

)

Net assets

1,368,556

1,313,075

Capital and reserves

Called up share capital

4,003

4,003

Retained earnings

1,364,553

1,309,072

1,368,556

1,313,075

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

Mr J P Rowe - Director

1.	Statutory information

P.K.S. (Construction) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01190065

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% p.a. reducing balance

Office equipment

-

15% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4.	Employees and directors

The average number of employees during the year was 7 (2024 - 6 ) .

5.	Tangible fixed assets

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

Cost

At 1 December 2024

302,564

16,676

278,754

597,994

Additions

18,300

358

11,000

29,658

At 30 November 2025

320,864

17,034

289,754

627,652

Depreciation

At 1 December 2024

101,504

7,342

136,002

244,848

Charge for year

31,631

1,453

36,375

69,459

At 30 November 2025

133,135

8,795

172,377

314,307

Net book value

At 30 November 2025

187,729

8,239

117,377

313,345

At 30 November 2024

201,060

9,334

142,752

353,146

6.

Debtors: amounts falling due within one year

30.11.25

30.11.24

£

£

Trade debtors

146,848

40,275

Other debtors

66,379

140,342

213,227

180,617

7.

Creditors: amounts falling due within one year

30.11.25

30.11.24

£

£

Hire purchase contracts

15,619

33,052

Trade creditors

97,683

116,179

Taxation and social security

50,381

161,607

Other creditors

930,995

81,993

1,094,678

392,831

8.

Creditors: amounts falling due after more than one year

30.11.25

30.11.24

£

£

Hire purchase contracts

4,083

19,704

9.	Secured debts

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

19,702

52,756

Hire purchase balances are secured on the assets to which they relate.

Lloyds Bank plc hold a legal charge over land and buildings 34-38 London Road, Downham Market, PE38 9AT and the development of 49 Sluice Road, Denver, PE38 0DY. There are both fixed and floating charges held by the bank to include all property or undertakings of the company, both present and future dated 26 July 2017 relating to 49 Sluice Road and 21 July 2020 relating to London Road.

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Mr P K Rowe

Balance outstanding at start of year

68,222

-

Amounts advanced

-

68,222

Amounts repaid

(68,222

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

68,222

Mr J P Rowe

Balance outstanding at start of year

27,066

-

Amounts advanced

-

27,066

Amounts repaid

(27,066

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

27,066

11.	Related party disclosures

During the year there were net transactions with the directors amounting to £704,812 (2024 £449,063), leaving a balance due from the company at the year end of £609,524 (2024 £95,288 due from the directors).

No further transactions were undertaken requiring disclosure under FRS 102 Section 1A.