REGISTERED NUMBER: 03238902 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

X & P McGuigan Civil Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P X McGuigan

SECRETARY:

I C Walton

REGISTERED OFFICE:

The Old Pump House

Railway Road

Withnell

Chorley

Lancashire

PR6 8UA

REGISTERED NUMBER:

03238902 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

2,662,418

1,276,935

CURRENT ASSETS

Stocks

157,904

140,768

Debtors

5

3,736,316

3,105,829

Cash at bank and in hand

1,426,096

1,893,323

5,320,316

5,139,920

CREDITORS

Amounts falling due within one year

6

2,108,348

1,468,773

NET CURRENT ASSETS

3,211,968

3,671,147

TOTAL ASSETS LESS CURRENT LIABILITIES

5,874,386

4,948,082

CREDITORS

Amounts falling due after more than one year

7

(569,055

)

(75,217

)

PROVISIONS FOR LIABILITIES

10

(648,548

)

(299,076

)

NET ASSETS

4,656,783

4,573,789

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,656,683

4,573,689

SHAREHOLDERS' FUNDS

4,656,783

4,573,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 September 2026 and were signed by:

P X McGuigan - Director

1.	STATUTORY INFORMATION

X & P McGuigan Civil Engineering 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.

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, excluding discounts, rebates, value added tax and other sales 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 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 the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 28 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

248,479

3,343,996

3,592,475

Additions

-

2,166,671

2,166,671

Disposals

-

(441,178

)

(441,178

)

At 31 December 2025

248,479

5,069,489

5,317,968

DEPRECIATION

At 1 January 2025

167,848

2,147,692

2,315,540

Charge for year

12,404

661,130

673,534

Eliminated on disposal

-

(333,524

)

(333,524

)

At 31 December 2025

180,252

2,475,298

2,655,550

NET BOOK VALUE

At 31 December 2025

68,227

2,594,191

2,662,418

At 31 December 2024

80,631

1,196,304

1,276,935

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

Plant and

machinery

etc

£

COST

At 1 January 2025

939,045

Additions

1,215,146

Transfer to ownership

(423,045

)

At 31 December 2025

1,731,146

DEPRECIATION

At 1 January 2025

420,873

Charge for year

308,589

Transfer to ownership

(232,673

)

At 31 December 2025

496,789

NET BOOK VALUE

At 31 December 2025

1,234,357

At 31 December 2024

518,172

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

2,369,354

1,938,620

Other debtors

298,146

64,393

2,667,500

2,003,013

Amounts falling due after more than one year:

Other debtors

1,068,816

1,102,816

Aggregate amounts

3,736,316

3,105,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 8)

528,184

336,754

Trade creditors

1,000,496

903,329

Corporation tax

94,666

58,635

Social security and other taxes

45,692

45,314

Other creditors

104,274

122,537

Directors' current accounts

335,036

2,204

2,108,348

1,468,773

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 8)

569,055

75,217

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

528,184

336,754

Between one and five years

569,055

75,217

1,097,239

411,971

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

51,000

51,000

Between one and five years

204,000

204,000

In more than five years

25,500

76,500

280,500

331,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

1,097,239

411,971

The hire purchase creditors and loans are secured on the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

648,548

299,076

Deferred

tax

£

Balance at 1 January 2025

299,076

Provided during year

349,472

Balance at 31 December 2025

648,548

11.	OTHER FINANCIAL COMMITMENTS

In 2021 the company entered into a 10 year lease for the offices at The Old Pump House, Railway Road, Withnell, Chorley, Lancashire, PR6 8UA. There is currently a total lease commitment of £280,500 remaining over the term of the lease.

12.	RELATED PARTY DISCLOSURES

The company operates loan accounts with companies under common control. As at 31 December 2025, an amount of £1,068,815 (2024: £1,102,816) was outstanding.This is presented within debtors: amounts falling due more than one year.

Interest charged on the above balances is 0%.

Included within creditors: amounts due within one year is a loan from the director of £335,035 (2024: £2,204). The loan is repayable on demand and the interest charged is 0%.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is P X McGuigan.