REGISTERED NUMBER: 03373595 (England and Wales)

J.B. TAYLOR CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Taylor

Mrs M Taylor

K Taylor

SECRETARY:

Mrs M Taylor

REGISTERED OFFICE:

Sycamore Farm

Holmfield Lane

Orby

Skegness

Lincolnshire

PE24 5JB

REGISTERED NUMBER:

03373595 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Skegness)

Chartered Certified Accountants

26 Ida Road

Skegness

Lincolnshire

PE25 2AR

FIXED ASSETS

Tangible assets

3

126,835

126,620

CURRENT ASSETS

Stocks

4

83,631

90,588

Debtors

5

1,344,225

1,458,459

Cash at bank and in hand

1,336,097

901,747

2,763,953

2,450,794

CREDITORS

Amounts falling due within one year

6

543,564

397,056

NET CURRENT ASSETS

2,220,389

2,053,738

TOTAL ASSETS LESS CURRENT LIABILITIES

2,347,224

2,180,358

PROVISIONS FOR LIABILITIES

31,708

24,057

NET ASSETS

2,315,516

2,156,301

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,314,516

2,155,301

SHAREHOLDERS' FUNDS

2,315,516

2,156,301

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

J B Taylor - Director

1.	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 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.

Freehold property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Work in progress and finished goods - cost of raw materials and labour together with attributable overheads.

Net realisable value is based on the estimated selling price, less further costs required to complete the contractual obligation..

Taxation

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

Long term contracts

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 24 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

7,300

230,511

23,236

Additions

-

20,724

-

At 30 November 2025

7,300

251,235

23,236

DEPRECIATION

At 1 December 2024

1,750

126,497

15,012

Charge for year

555

17,686

1,234

At 30 November 2025

2,305

144,183

16,246

NET BOOK VALUE

At 30 November 2025

4,995

107,052

6,990

At 30 November 2024

5,550

104,014

8,224

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

15,582

20,453

297,082

Additions

-

349

21,073

At 30 November 2025

15,582

20,802

318,155

DEPRECIATION

At 1 December 2024

15,458

11,745

170,462

Charge for year

32

1,351

20,858

At 30 November 2025

15,490

13,096

191,320

NET BOOK VALUE

At 30 November 2025

92

7,706

126,835

At 30 November 2024

124

8,708

126,620

4.

STOCKS

2025

2024

£

£

Stocks

83,631

90,588

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

705,259

696,101

Amounts recoverable on contract

563,727

687,640

Other debtors

75,239

74,718

1,344,225

1,458,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

282,621

270,638

Taxation and social security

185,355

55,442

Other creditors

75,588

70,976

543,564

397,056

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

J B Taylor and Mrs M Taylor

Balance outstanding at start of year

(12,125

)

(10,884

)

Amounts advanced

77,671

28,759

Amounts repaid

(66,000

)

(30,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(454

)

(12,125

)

8.	RELATED PARTY DISCLOSURES

During the year, J B Taylor a director of the Company also carried on in business as a sole trader. The nature of the amounts transacted between them is as follows:-

Hire of Equipment charged to the Company by J B Taylor at a normal commercial rate equates to £80,000 (2024 - £100,500).

At the end of the year amounts totalling £46,261 were owed by the sole trader business to the Company. No interest was charged on the outstanding amount (2024 - £41,930).

9.	ULTIMATE CONTROLLING PARTY

During the year to the 30th November 2025, Mr J B Taylor, Mrs M Taylor, and Mr K Taylor were the sole directors and shareholders of J B Taylor (Construction) Limited, and were therefore in ultimate control of the Company.

Mr A Taylor resigned as a director on 31st May 2025.