REGISTERED NUMBER: 04722930 (England and Wales)

CARREG CONSTRUCTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Phillips

S G Morgan

P L Griffiths

SECRETARY:

A M Phillips

REGISTERED OFFICE:

Unit 2 Tangiers

Haverfordwest

Pembrokeshire

SA62 4BU

REGISTERED NUMBER:

04722930 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

132,015

157,422

CURRENT ASSETS

Stocks

216,421

140,823

Debtors

5

116,271

50,820

Cash at bank and in hand

172,838

242,510

505,530

434,153

CREDITORS

Amounts falling due within one year

6

346,842

261,413

NET CURRENT ASSETS

158,688

172,740

TOTAL ASSETS LESS CURRENT LIABILITIES

290,703

330,162

CREDITORS

Amounts falling due after more than one year

7

(4,217

)

(17,993

)

PROVISIONS FOR LIABILITIES

(33,004

)

(39,355

)

NET ASSETS

253,482

272,814

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

253,282

272,614

SHAREHOLDERS' FUNDS

253,482

272,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2025 and were signed on its behalf by:

A M Phillips - Director

1.	STATUTORY INFORMATION

Carreg 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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, 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.

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 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st May 2024

337,717

11,590

109,550

33,337

492,194

Additions

20,232

-

9,490

-

29,722

Disposals

(20,950

)

-

-

-

(20,950

)

At 30th April 2025

336,999

11,590

119,040

33,337

500,966

DEPRECIATION

At 1st May 2024

227,475

8,324

75,232

23,741

334,772

Charge for year

29,673

327

10,947

2,398

43,345

Eliminated on disposal

(9,166

)

-

-

-

(9,166

)

At 30th April 2025

247,982

8,651

86,179

26,139

368,951

NET BOOK VALUE

At 30th April 2025

89,017

2,939

32,861

7,198

132,015

At 30th April 2024

110,242

3,266

34,318

9,596

157,422

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

Plant and

machinery

£

COST

At 1st May 2024

159,940

Additions

15,500

Transfer to ownership

(30,000

)

At 30th April 2025

145,440

DEPRECIATION

At 1st May 2024

98,002

Charge for year

15,966

Transfer to ownership

(22,881

)

At 30th April 2025

91,087

NET BOOK VALUE

At 30th April 2025

54,353

At 30th April 2024

61,938

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

100,718

33,466

Prepayments

15,553

17,354

116,271

50,820

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

18,609

18,943

Trade creditors

139,412

72,439

Amounts owed to group undertakings

628

1,628

Corporation tax

-

23,047

Social security and other taxes

10,190

9,792

VAT

69,809

14,221

Other creditors

81,226

121,343

Deferred income

26,968

-

346,842

261,413

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,217

17,993

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

9.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The terms of the agreement between the Carreg Construction Employee Ownership Trust ("the Trust") and Mr A & Mrs S Phillips to buy 100% of the shares in Trearched Holdings Limited included both a completion payment and a deferred consideration which is payable in instalments until May 2030.

In order that the Trust should have the funds to pay the deferred consideration, Trearched Holdings Limited intends to make contributions to the Trust over this same period, subject always to there being distributable reserves available within the company.

The deferred consideration has been secured by way of a debenture containing fixed and floating charges and a negative pledge over all of the assets and liabilities in the company and its parent, Trearched Holdings Limited, with the company acting as guarantor.

10.	RELATED PARTY DISCLOSURES

At the year ended 30th April 2025, the following loan balance was owed to the parent company - £628 (2024 - £1,628)

11.	ULTIMATE CONTROLLING PARTY

Trearched Holdings Limited, a company registered in England and Wales, owns 100% of the share capital of the company. Carreg Construction Employee Ownership Trust is the beneficial owner of the shares in Trearched Holdings Limited.