Registered number
06870242
Piling and Structural Services Limited
Accounts
For the Year ended
31 March 2023
Oakensen
Chartered Accountants
31 Stallard Street
Trowbridge
Wiltshire
BA14 9AA
Piling and Structural Services Limited
Registered number: 06870242
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,921 20,359
Current assets
Prepayments 1,839 2,241
Debtors 4 10,036 11,245
Stock of materials 4,425 -
Cash at bank and in hand 80,138 33,908
96,438 47,394
Creditors: amounts falling due within one year 5 (16,191) (8,348)
Net current assets 80,247 39,046
Total assets less current liabilities 108,168 59,405
Creditors: amounts falling due after more than one year 6 (63,565) (35,470)
Net assets 44,603 23,935
Capital and reserves
Called up share capital 1 1
Profit and loss account 44,602 23,934
Shareholders' funds 44,603 23,935
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N A Jarvis
Director
Approved by the board on 17 October 2023
Piling and Structural Services Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised once the service has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 years
Motor 5 years
Debtors
Short term debtors are measured at transaction price which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2022 59,289 41,493 100,782
Additions 7,300 12,750 20,050
Disposals - (7,648) (7,648)
At 31 March 2023 66,589 46,595 113,184
Depreciation
At 1 April 2022 49,916 30,507 80,423
Charge for the year 4,614 7,874 12,488
On disposals - (7,648) (7,648)
At 31 March 2023 54,530 30,733 85,263
Net book value
At 31 March 2023 12,059 15,862 27,921
At 31 March 2022 9,373 10,986 20,359
4 Debtors 2023 2022
£ £
Trade debtors 7,250 10,155
Other debtors 2,786 1,090
10,036 11,245
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 190
Taxation and social security costs 14,938 7,015
Other creditors 1,253 1,143
16,191 8,348
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 63,565 35,470
7 Related party transactions
Included in creditors due after one year is an amount of £63,565 (2022: £35,470) which is due to the director.
8 Other information
Piling and Structural Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Brook Lane
Westbury
Wiltshire
BA13 4EN
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