Paul Wilson Bricklayers Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Paul Wilson Bricklayers Ltd

(Registration number: 09955294)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	63,070	12,242
Current assets
Debtors	5	164,665	158,843
Cash at bank and in hand		546,990	1,379,008
		711,655	1,537,851
Creditors: Amounts falling due within one year	6	(98,198)	(85,279)
Net current assets		613,457	1,452,572
Total assets less current liabilities		676,527	1,464,814
Provisions for liabilities		(2,954)	(2,445)
Net assets		673,573	1,462,369
Capital and reserves
Called up share capital		644	644
Profit and loss account		672,929	1,461,725
Shareholders' funds		673,573	1,462,369

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 20 October 2026
 

Mr P Wilson Director

Paul Wilson Bricklayers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
64 High Street
Bideford
Devon
EX39 2AR

Principal activity

The principal activity of the company is that of bricklaying.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Summary of disclosure exemptions

The company has taken the exemption in Section 1AC.35 of FRS102 from disclosing related party transactions with 100% group companies.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Paul Wilson Bricklayers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Fittings, fixtures and equipment	25% straight line
Motor vehicles	25% reducing balance
Land and buildings	50 years straight line

Paul Wilson Bricklayers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Paul Wilson Bricklayers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	-	5,004	9,375	51,690	66,069
Additions	50,165	1,564	3,110	-	54,839
At 31 January 2026	50,165	6,568	12,485	51,690	120,908
Depreciation
At 1 February 2025	-	4,834	6,147	42,846	53,827
Charge for the year	-	533	1,267	2,211	4,011
At 31 January 2026	-	5,367	7,414	45,057	57,838
Carrying amount
At 31 January 2026	50,165	1,201	5,071	6,633	63,070
At 31 January 2025	-	170	3,228	8,844	12,242

Included within the net book value of land and buildings above is £50,165 (2025 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

	2026 £	2025 £
Trade debtors	92,420	15,707
Amounts owed by related parties	-	94,200
Other debtors	67,399	47,672
Prepayments	4,846	1,264
	164,665	158,843

Paul Wilson Bricklayers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	1,064	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	15,571	-
Taxation and social security	53,604	59,851
Accruals and deferred income	14,035	9,678
Other creditors	13,924	15,750
	98,198	85,279

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Paul Wilson Bricklayers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

8	Related party transactions

Transactions with the director

2026	At 1 February 2025 £	Advances to director £	Repayments by director £	At 31 January 2026 £
Mr P Wilson
The Director	20,919	113,848	(100,862)	33,905

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Mr P Wilson
The Director	15,842	64,377	(59,300)	20,919

The loan is repayable on demand. Interest is charged on overdrawn balances at the official rate.

9	Parent and ultimate parent undertaking

On 31 January 2025 the company became a 100% owned subsidiary of Paul Wilson Holdings Ltd.

 The company's immediate parent is Paul Wilson Holdings Ltd, incorporated in England and Wales.

 The ultimate controlling party is Mr P Wilson.