REGISTERED NUMBER: 05241987 (England and Wales)

FOUNTAIN CONSTRUCTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

T W Fountain

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

05241987 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

122,389

141,673

Investment property

5

1,611,310

-

1,733,699

141,673

CURRENT ASSETS

Stock and work in progress

27,106

149,463

Debtors

6

968,686

1,391,802

Cash at bank

140,518

335,439

1,136,310

1,876,704

CREDITORS

Amounts falling due within one year

7

388,227

593,179

NET CURRENT ASSETS

748,083

1,283,525

TOTAL ASSETS LESS CURRENT LIABILITIES

2,481,782

1,425,198

CREDITORS

Amounts falling due after more than one year

8

(910,528

)

(70,375

)

PROVISIONS FOR LIABILITIES

(11,990

)

(12,727

)

NET ASSETS

1,559,264

1,342,096

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,559,262

1,342,094

SHAREHOLDERS' FUNDS

1,559,264

1,342,096

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2026 and were signed by:

T W Fountain - Director

1.	STATUTORY INFORMATION

Fountain 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, 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 each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

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.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

41,000

334

206,032

7,056

254,422

Additions

16,185

-

-

-

16,185

At 31 March 2026

57,185

334

206,032

7,056

270,607

DEPRECIATION

At 1 April 2025

30,155

250

76,858

5,486

112,749

Charge for year

2,737

(17

)

32,356

393

35,469

At 31 March 2026

32,892

233

109,214

5,879

148,218

NET BOOK VALUE

At 31 March 2026

24,293

101

96,818

1,177

122,389

At 31 March 2025

10,845

84

129,174

1,570

141,673

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,611,310

At 31 March 2026

1,611,310

NET BOOK VALUE

At 31 March 2026

1,611,310

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

188,654

314,165

Other debtors

724,691

629,691

Director's current account

6,318

-

VAT

31,471

32,962

Prepayments

17,552

414,984

968,686

1,391,802

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 9)

12,447

17,447

Trade creditors

200,706

408,869

Corporation tax

82,163

84,909

Social security and other taxes

13,847

17,818

Other creditors

37,794

610

Director's current account

-

48,229

Accruals and deferred income

41,270

15,297

388,227

593,179

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more 5 yrs non-inst

852,600

-

Hire purchase contracts (see note 9)

57,928

70,375

910,528

70,375

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

852,600

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

12,447

17,447

Between one and five years

57,928

70,375

70,375

87,822

Non-cancellable

operating leases

2026

2025

£

£

Within one year

2,883

-

Between one and five years

20,140

-

23,023

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2