Phil McDonald Building Works Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15345171

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,377		17,722

			14,377		17,722
CURRENT ASSETS
Stocks	5	30,000		-
Debtors	6	-		508
Cash at bank and in hand		133,154		116,941

		163,154		117,449
Creditors: Amounts Falling Due Within One Year	7	(41,040 )		(56,906 )

NET CURRENT ASSETS (LIABILITIES)			122,114		60,543

TOTAL ASSETS LESS CURRENT LIABILITIES			136,491		78,265

NET ASSETS			136,491		78,265

CAPITAL AND RESERVES
Called up share capital	8		10		10
Profit and Loss Account			136,481		78,255

SHAREHOLDERS' FUNDS			136,491		78,265

Page 1

Page 2

Phil McDonald Building Works Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Phillip McDonald

Director

01/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Phil McDonald Building Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15345171 . The registered office is 61 Stanifield Lane, Farington, Leyland, Lancashire, PR25 4UD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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	20% S/L
Motor Vehicles	20% S/L

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

Phil McDonald Building Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

Income tax expense represents the tax currently payable.

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.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	3,586	15,498	19,084
Additions	589	-	589

As at 31 December 2025	4,175	15,498	19,673

Depreciation
As at 1 January 2025	-	1,362	1,362
Provided during the period	835	3,099	3,934

As at 31 December 2025	835	4,461	5,296

Net Book Value
As at 31 December 2025	3,340	11,037	14,377

As at 1 January 2025	3,586	14,136	17,722

5. Stocks

	31 December 2025	31 December 2024
	£	£
Work in progress	30,000	-

Page 4

Page 5

Phil McDonald Building Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
VAT	-	508

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	11,179	757
Corporation tax	19,648	19,134
Other taxes and social security	1,249	1,344
VAT	6,907	-
Other creditors	-	17
Accruals and deferred income	1,767	1,505
Director's loan account	290	34,149

	41,040	56,906

8. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	10	10

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

Page 5