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REGISTERED NUMBER: 08944068 (England and Wales)















Preekel Construction Services Limited

Unaudited Financial Statements

for the Year Ended 31st March 2022






Preekel Construction Services Limited (Registered number: 08944068)






Contents of the Financial Statements
for the year ended 31st March 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Preekel Construction Services Limited

Company Information
for the year ended 31st March 2022







DIRECTORS: G Preekel
Mrs V Preekel





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 37 Glasgow Street
Northampton
Northamptonshire
NN5 5BN





REGISTERED NUMBER: 08944068 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Preekel Construction Services Limited (Registered number: 08944068)

Balance Sheet
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,483 8,826

CURRENT ASSETS
Stocks 10,115 50,278
Debtors 6 85,186 53,423
Cash in hand 50 -
95,351 103,701
CREDITORS
Amounts falling due within one year 7 67,661 68,054
NET CURRENT ASSETS 27,690 35,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,173

44,473

CREDITORS
Amounts falling due after more than one
year

8

(30,352

)

(42,695

)

PROVISIONS FOR LIABILITIES 10 (600 ) (1,600 )
NET ASSETS 221 178

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 121 78
SHAREHOLDERS' FUNDS 221 178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

Preekel Construction Services Limited (Registered number: 08944068)

Balance Sheet - continued
31st March 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2022 and were signed on its behalf by:




G Preekel - Director



Mrs V Preekel - Director


Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements
for the year ended 31st March 2022

1. STATUTORY INFORMATION

Preekel Construction Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of construction.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements - continued
for the year ended 31st March 2022

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2021 22,900 6,633 6,500 1,566 37,599
Additions - 380 - - 380
At 31st March 2022 22,900 7,013 6,500 1,566 37,979
DEPRECIATION
At 1st April 2021 18,400 2,898 6,500 975 28,773
Charge for year 4,500 1,026 - 197 5,723
At 31st March 2022 22,900 3,924 6,500 1,172 34,496
NET BOOK VALUE
At 31st March 2022 - 3,089 - 394 3,483
At 31st March 2021 4,500 3,735 - 591 8,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 15,676 28,284
Other debtors 69,510 25,139
85,186 53,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 9) 17,181 12,021
Trade creditors 1,896 7,420
Taxation and social security 46,693 42,272
Other creditors 1,891 6,341
67,661 68,054

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans (see note 9) 30,352 42,695

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 19,757

Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements - continued
for the year ended 31st March 2022

9. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,254 1,078
Bank loans 12,927 10,943
17,181 12,021

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,397 8,508

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,955 14,430

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 19,757

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 600 1,600

Deferred
tax
£   
Balance at 1st April 2021 1,600
Credit to Income Statement during year (1,000 )
Balance at 31st March 2022 600

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2022 or 31st March 2021.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2022 or 31st March 2021.

Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements - continued
for the year ended 31st March 2022

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2022 and 31st March 2021:

2022 2021
£    £   
G Preekel and Mrs V Preekel
Balance outstanding at start of year 23,091 36,233
Amounts advanced 65,901 23,091
Amounts repaid (23,091 ) (36,233 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,901 23,091

This loan is interest free with no fixed repayment terms, and has been repaid since the year end.