REGISTERED NUMBER: 10120828 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Belvin Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Turner

Mrs L J Turner

SECRETARY:

Miss R A Palmer

REGISTERED OFFICE:

Unit 4 Deepdale Enterprise Park

Nettleham

Lincoln

LN2 2LL

REGISTERED NUMBER:

10120828 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Intangible assets

4

28,401

24,817

Tangible assets

5

139,010

123,931

167,411

148,748

CURRENT ASSETS

Stocks

150,000

-

Debtors

6

916,909

918,585

Cash at bank and in hand

343,819

465,367

1,410,728

1,383,952

CREDITORS

Amounts falling due within one year

7

755,325

866,005

NET CURRENT ASSETS

655,403

517,947

TOTAL ASSETS LESS CURRENT LIABILITIES

822,814

666,695

CREDITORS

Amounts falling due after more than one year

8

(75,384

)

(67,930

)

PROVISIONS FOR LIABILITIES

(26,702

)

(37,187

)

NET ASSETS

720,728

561,578

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

720,726

561,576

SHAREHOLDERS' FUNDS

720,728

561,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 4 September 2026 and were signed on its behalf by:

S R Turner - Director

1.	STATUTORY INFORMATION

Belvin Construction Limited 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 costs.

Intangible assets

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

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected life, as follows:

Plant and machinery 25% reducing balance

Motor vehicles 25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Contract work in progress, in respect of short term contracts (less than one year), has been valued at the lower of cost including the appropriate production overheads and net realisable value plus a proportion of profit where the contract is material to the result in the year. Long term contracts (more than one year) have been valued on the same basis.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to th extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax that applies to the sale of the asset is used. Current and deferred tax assets are not discounted.

Leased assets

A leased asset is classified as a finance lease if it transfers substantial all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting data as a result of a past event, it is probably that economic benefit will be transferred to settle the obligation and the amount of obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

56,745

Additions

12,100

At 31 March 2026

68,845

AMORTISATION

At 1 April 2025

31,928

Charge for year

8,516

At 31 March 2026

40,444

NET BOOK VALUE

At 31 March 2026

28,401

At 31 March 2025

24,817

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

40,258

306,304

346,562

Additions

1,380

53,917

55,297

At 31 March 2026

41,638

360,221

401,859

DEPRECIATION

At 1 April 2025

29,922

192,709

222,631

Charge for year

2,809

37,409

40,218

At 31 March 2026

32,731

230,118

262,849

NET BOOK VALUE

At 31 March 2026

8,907

130,103

139,010

At 31 March 2025

10,336

113,595

123,931

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

821,501

914,535

Other debtors

95,408

4,050

916,909

918,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,263

15,622

Hire purchase contracts

34,839

54,107

Trade creditors

525,087

618,819

Taxation and social security

154,094

151,861

Other creditors

36,042

25,596

755,325

866,005

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

75,384

67,930

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year the Directors' Loan Account was in credit. During the year the company loaned the directors £90,549 leaving the balance outstanding at the year end of £90,549. Interest has been charged on the overdrawn balance at a rate of 3.75% per annum.

This balance has been repaid within 9 months of the year end.