Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 false 2025-01-01 22 false No description of principal activity 22 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04023234 2025-01-01 2025-12-31 04023234 2024-01-01 2024-12-31 04023234 2025-12-31 04023234 2024-12-31 04023234 c:Director2 2025-01-01 2025-12-31 04023234 d:Buildings 2025-01-01 2025-12-31 04023234 d:Buildings 2025-12-31 04023234 d:Buildings 2024-12-31 04023234 d:Buildings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04023234 d:PlantMachinery 2025-01-01 2025-12-31 04023234 d:PlantMachinery 2025-12-31 04023234 d:PlantMachinery 2024-12-31 04023234 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04023234 d:MotorVehicles 2025-01-01 2025-12-31 04023234 d:MotorVehicles 2025-12-31 04023234 d:MotorVehicles 2024-12-31 04023234 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04023234 d:ComputerEquipment 2025-01-01 2025-12-31 04023234 d:ComputerEquipment 2025-12-31 04023234 d:ComputerEquipment 2024-12-31 04023234 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04023234 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04023234 d:CurrentFinancialInstruments 2025-12-31 04023234 d:CurrentFinancialInstruments 2024-12-31 04023234 d:Non-currentFinancialInstruments 2025-12-31 04023234 d:Non-currentFinancialInstruments 2024-12-31 04023234 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 04023234 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04023234 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 04023234 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04023234 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-12-31 04023234 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 04023234 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-12-31 04023234 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 04023234 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-12-31 04023234 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 04023234 d:ShareCapital 2025-12-31 04023234 d:ShareCapital 2024-12-31 04023234 d:RetainedEarningsAccumulatedLosses 2025-12-31 04023234 d:RetainedEarningsAccumulatedLosses 2024-12-31 04023234 c:OrdinaryShareClass1 2025-01-01 2025-12-31 04023234 c:OrdinaryShareClass1 2025-12-31 04023234 c:OrdinaryShareClass1 2024-12-31 04023234 c:FRS102 2025-01-01 2025-12-31 04023234 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04023234 c:FullAccounts 2025-01-01 2025-12-31 04023234 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04023234 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 04023234 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 04023234 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 04023234 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 04023234 2 2025-01-01 2025-12-31 04023234 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04023234 PEN Y COED CONSTRUCTION & INSULATION LTD. UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
PEN Y COED CONSTRUCTION & INSULATION LTD. REGISTERED NUMBER: 04023234 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 579,183 |  | 607,544
|  |  | 579,183 |  | 607,544
Current assets |  |  |  |  |
Stocks |  | 95,120 |  | 92,205 |
Debtors | 5 | 345,282 |  | 333,776 |
Cash at bank and in hand | 6 | 16,057 |  | 23,635 |
|  | 456,459 |  | 449,616 |
Creditors: amounts falling due within one year | 7 | (558,557) |  | (560,810) |
Net current liabilities |  |  | (102,098) |  | (111,194)
Total assets less current liabilities |  |  | 477,085 |  | 496,350
Creditors: amounts falling due after more than one year | 8 |  | (234,993) |  | (279,636)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (29,864) |  | (30,828) |
|  |  | (29,864) |  | (30,828)
Net assets |  |  | 212,228 |  | 185,886
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 212,226 |  | 185,884
|  |  | 212,228 |  | 185,886
Page 1
PEN Y COED CONSTRUCTION & INSULATION LTD. REGISTERED NUMBER: 04023234 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ J G Meade
Director
Date: 4 June 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Pen Y Coed Construction & Insulation Ltd, 04023234, is a private company, limited by shares, registered in England and Wales, with its registered office at The House Building Factory Buttington Cross Enterprise Park, Buttington, Welshpool, Powys, Wales, SY21 8SL. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straight line
|  |  |  | Plant and machinery | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 22 (2024 - 22).
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 583,553 | 270,413 | 42,414 | 45,691 | 942,071
| Additions | - | - | 10,495 | 1,048 | 11,543
| At 31 December 2025 | 583,553 | 270,413 | 52,909 | 46,739 | 953,614
| Depreciation |  |  |  |  |
| At 1 January 2025 | 68,279 | 192,550 | 35,350 | 38,347 | 334,526
| Charge for the year on owned assets | 11,671 | 19,466 | 4,390 | 4,378 | 39,905
| At 31 December 2025 | 79,950 | 212,016 | 39,740 | 42,725 | 374,431
| Net book value |  |  |  |  |
| At 31 December 2025 | 503,603 | 58,397 | 13,169 | 4,014 | 579,183
| At 31 December 2024 | 515,273 | 77,863 | 7,064 | 7,344 | 607,544
Page 6
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 50,736 | 71,045
| Amounts owed by group undertakings | 38,271 | 24,684
| Other debtors | 100,230 | 81,885
| Prepayments and accrued income | 156,045 | 156,162
|  | 345,282 | 333,776
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 16,057 | 23,635
|  | 16,057 | 23,635
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 47,932 | 60,267
| Trade creditors | 67,147 | 32,632
| Amounts owed to group undertakings | 387,307 | 397,915
| Other taxation and social security | 23,610 | 47,469
| Obligations under finance lease and hire purchase contracts | 6,050 | 7,270
| Other creditors | 26,511 | 15,257
|  | 558,557 | 560,810
Page 7
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 226,926 | 262,673
| Net obligations under finance leases and hire purchase contracts | 8,067 | 16,963
|  | 234,993 | 279,636
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 47,932 | 60,267
|  | 47,932 | 60,267
| Amounts falling due 1-2 years |  |
| Other loans | 60,681 | 41,190
|  | 60,681 | 41,190
| Amounts falling due 2-5 years |  |
| Other loans | 108,617 | 132,619
|  | 108,617 | 132,619
| Amounts falling due after more than 5 years |  |
| Other loans | 57,628 | 88,863
|  | 57,628 | 88,863
|  | 274,858 | 322,939
Page 8
PEN Y COED CONSTRUCTION & INSULATION LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 6,050 | 7,270
| Between 1-5 years | 8,066 | 16,963
|  | 14,116 | 24,233
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares of £1.00 each | 2 | 2
Page 9