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REGISTERED NUMBER: 04169743 (England and Wales)















Financial Statements for the Year Ended 28th February 2023

for

PELICAN BUILDING CONTRACTORS LIMITED

PELICAN BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04169743)

Contents of the Financial Statements
FOR THE YEAR ENDED 28th February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PELICAN BUILDING CONTRACTORS LIMITED

Company Information
FOR THE YEAR ENDED 28th February 2023







DIRECTOR: Andreas Kaimakamis



REGISTERED OFFICE: 51 THE GROVE
EALING
London
W5 5DX



REGISTERED NUMBER: 04169743 (England and Wales)



ACCOUNTANTS: C. Charles & Co Limited
Chartered Certified Accountants
Argyle Court
105 Seven Sisters Road
London
London
N7 7QR



BANKERS: Barclays Bank Plc
Ealing and Greenford Business Centre
Ealing
.

PELICAN BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04169743)

Statement of Financial Position
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,643 21,492

CURRENT ASSETS
Stocks - 760,000
Debtors 5 775,415 112,621
Investments 6 60,000 60,000
Prepayments and accrued income 14,920 7,177
Cash at bank and in hand - 8,500
850,335 948,298
CREDITORS
Amounts falling due within one year 7 65,036 143,671
NET CURRENT ASSETS 785,299 804,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,942

826,119

CREDITORS
Amounts falling due after more than one
year

8

220,380

282,782
NET ASSETS 575,562 543,337

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 575,462 543,237
SHAREHOLDERS' FUNDS 575,562 543,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PELICAN BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04169743)

Statement of Financial Position - continued
28th February 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 director and authorised for issue on 25th October 2023 and were signed by:





Andreas Kaimakamis - Director


PELICAN BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04169743)

Notes to the Financial Statements
FOR THE YEAR ENDED 28th February 2023


1. STATUTORY INFORMATION

PELICAN BUILDING CONTRACTORS 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.
Motor vehicles - 25% on reducing balance

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 statement of financial position date.


PELICAN BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04169743)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28th February 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.

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.

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 1 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st March 2022 41,911 69,478 111,389
Disposals - (69,478 ) (69,478 )
At 28th February 2023 41,911 - 41,911
DEPRECIATION
At 1st March 2022 29,390 60,507 89,897
Charge for year 1,878 - 1,878
Eliminated on disposal - (60,507 ) (60,507 )
At 28th February 2023 31,268 - 31,268
NET BOOK VALUE
At 28th February 2023 10,643 - 10,643
At 28th February 2022 12,521 8,971 21,492

PELICAN BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04169743)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28th February 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 775,415 112,621

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 60,000 60,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 733 -
Trade creditors 2,040 7,112
Taxation and social security (31,463 ) (33,417 )
Other creditors 93,726 169,976
65,036 143,671

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 220,380 282,782

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 220,380 282,782