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REGISTERED NUMBER: 13073088 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

3PM CONSTRUCTION LTD

3PM CONSTRUCTION LTD (REGISTERED NUMBER: 13073088)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


3PM CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr T J Allen
Mr D R Sargeant





REGISTERED OFFICE: 20 Littlecotes Close
Spaldwick
Huntingdon
PE28 0UL





REGISTERED NUMBER: 13073088 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP

3PM CONSTRUCTION LTD (REGISTERED NUMBER: 13073088)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,067 41,792

CURRENT ASSETS
Stocks 25,694 -
Debtors 5 18,885 64,312
Cash at bank and in hand 10,449 10,867
55,028 75,179
CREDITORS
Amounts falling due within one year 6 62,701 62,397
NET CURRENT (LIABILITIES)/ASSETS (7,673 ) 12,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,394

54,574

CREDITORS
Amounts falling due after more than one year 7 (43,334 ) (27,750 )

PROVISIONS FOR LIABILITIES (12,922 ) (3,548 )
NET ASSETS 138 23,276

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 136 23,274
SHAREHOLDERS' FUNDS 138 23,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

3PM CONSTRUCTION LTD (REGISTERED NUMBER: 13073088)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 15 September 2023 and were signed on its behalf by:





Mr T J Allen - Director


3PM CONSTRUCTION LTD (REGISTERED NUMBER: 13073088)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

3pm Construction Ltd 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 (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. The following criteria must also be met before revenue is recognised:

Supply of goods
Revenue is recognised when goods are delivered and supplied.

Project management fees
Revenue is recognised at point of the service being completed.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.


3PM CONSTRUCTION LTD (REGISTERED NUMBER: 13073088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 42,168
Additions 42,427
At 31 March 2023 84,595
DEPRECIATION
At 1 April 2022 376
Charge for year 20,152
At 31 March 2023 20,528
NET BOOK VALUE
At 31 March 2023 64,067
At 31 March 2022 41,792

Included within plant and machinery etc are assets acquired under hire purchase agreements. The net book value of these assets at 31 March 2023 is £61,286 (2022 £40,164) and depreciation of £19,306 (2022 £249) was charged in the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,651 62,925
Other debtors 11,234 1,387
18,885 64,312

3PM CONSTRUCTION LTD (REGISTERED NUMBER: 13073088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,101 5,551
Trade creditors 20,010 4,125
Taxation and social security 11,340 2,033
Other creditors 19,250 50,688
62,701 62,397

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 43,334 27,750

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 55,435 33,301

The hire purchase finance is secured against the fixed assets as noted in the accounts.

9. RELATED PARTY DISCLOSURES

Included within cost of sales for the period ended 31 March 2023 are subcontractor costs of £Nil (2022 £38,660) recharged on a commercial basis by Mr D R Sargeant.