Kovacs Construction Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10559236

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		472,994		374,258

			472,994		374,258
CURRENT ASSETS
Stocks	5	48,680		38,251
Debtors	6	16,518		16,518
Cash at bank and in hand		137,312		91,471

		202,510		146,240
Creditors: Amounts Falling Due Within One Year	7	(253,106 )		(202,018 )

NET CURRENT ASSETS (LIABILITIES)			(50,596 )		(55,778 )

TOTAL ASSETS LESS CURRENT LIABILITIES			422,398		318,480

Creditors: Amounts Falling Due After More Than One Year	8		(134,974 )		(89,529 )

NET ASSETS			287,424		228,951

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			287,324		228,851

SHAREHOLDERS' FUNDS			287,424		228,951

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Kovacs Construction Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 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 Profit and Loss Account.

On behalf of the board

Mr Bence Kovacs

Director

19/10/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Kovacs Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10559236 . The registered office is 4th Floor, 18 St. Cross Street, London, EC1N 8UN.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Sales is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. 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:

Leasehold	2% straight line
Plant & Machinery	10% reducing balance
Fixtures & Fittings	10% reducing balance
Computer Equipment	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquiredunder hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with thelessor are charged to profit and loss account as incurred.

2.6. 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.

2.7. Financial Instruments

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 the 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.

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Kovacs Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 7 (2025: 7)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	123,488	242,590	89,722	23,224	479,024
Additions	59,033	81,889	-	9,240	150,162
Disposals	-	(18,415 )	-	-	(18,415 )

As at 31 January 2026	182,521	306,064	89,722	32,464	610,771

Depreciation
As at 1 February 2025	7,516	65,328	19,531	12,391	104,766
Provided during the period	3,686	24,828	7,019	5,019	40,552
Disposals	-	(7,541 )	-	-	(7,541 )

As at 31 January 2026	11,202	82,615	26,550	17,410	137,777

Net Book Value
As at 31 January 2026	171,319	223,449	63,172	15,054	472,994

As at 1 February 2025	115,972	177,262	70,191	10,833	374,258

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Kovacs Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Plant & Machinery	-	50,266

5. Stocks

	2026	2025
	£	£
Stock	48,680	38,251

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	16,518	16,518

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,010	8,679
Bank loans and overdrafts	57,544	41,142
Other taxes and social security	87	597
VAT	998	2,705
Other creditors	188,517	147,945
Accruals and deferred income	950	950

	253,106	202,018

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	20,627	20,627
Bank loans	114,347	68,902

	134,974	89,529

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,010	8,679
Later than one year and not later than five years	20,627	20,627

	25,637	29,306

	25,637	29,306

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Kovacs Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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