N L CONTRACTS LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 03301848

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,247		19,546

			17,247		19,546
CURRENT ASSETS
Stocks	5	-		15,000
Debtors	6	15,376		132,965
Cash at bank and in hand		357,467		278,620

		372,843		426,585
Creditors: Amounts Falling Due Within One Year	7	(45,111 )		(65,545 )

NET CURRENT ASSETS (LIABILITIES)			327,732		361,040

TOTAL ASSETS LESS CURRENT LIABILITIES			344,979		380,586

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,155 )		(4,651 )

NET ASSETS			343,824		375,935

CAPITAL AND RESERVES
Called up share capital			2		2
Income Statement			343,822		375,933

SHAREHOLDERS' FUNDS			343,824		375,935

Page 1

Page 2

N L CONTRACTS LIMITED

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 Income Statement.

On behalf of the board

Mr Neal LEVY Director	Mr Lee LEVY Director
01/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

N L CONTRACTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03301848 . The registered office is 21 The Leasow, Walsall, WS9 0EF.

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, excluding discounts, rebates, value added tax or other similar sales taxes.

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	15% Reducing balance
Motor Vehicles	25% Reducing balance

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.

2.5. Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2.6. Pensions

The company operates a defined pension contribution scheme for the benefit of its directors and employees. Contributions are charged to the income statement as they become payable.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	47,696	38,634	86,330
Additions	-	13,250	13,250
Disposals	(47,696 )	(25,639 )	(73,335 )

As at 31 March 2026	-	26,245	26,245

...CONTINUED

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Page 4

N L CONTRACTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	39,385	27,399	66,784
Provided during the period	-	5,749	5,749
Disposals	(39,385 )	(24,150 )	(63,535 )

As at 31 March 2026	-	8,998	8,998

Net Book Value
As at 31 March 2026	-	17,247	17,247

As at 1 April 2025	8,311	11,235	19,546

5. Stocks

	2026	2025
	£	£
Stock	-	15,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	14,186	129,182
Prepayments and accrued income	1,190	2,203
Other debtors	-	1,580

	15,376	132,965

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,403	26,544
Bank loans and overdrafts	-	3,596
Corporation tax	37,856	32,977
Other taxes and social security	20	446
VAT	4,607	757
Accruals and deferred income	1,225	1,225

	45,111	65,545

8. Related Party Transactions

The ultimate controlling parties during the year were Neal & Lee Levy, directors, whom control the company by virtue of each owning, with their spouses, 50% of the share capital.