IRIS Accounts Production v23.3.0.418 08122600 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081226002022-03-31081226002023-03-31081226002022-04-012023-03-31081226002021-03-31081226002021-04-012022-03-31081226002022-03-3108122600ns10:Originalns15:EnglandWales2022-04-012023-03-3108122600ns14:PoundSterlingns10:Original2022-04-012023-03-3108122600ns10:Originalns10:Director12022-04-012023-03-3108122600ns10:Original2022-04-012023-03-3108122600ns10:Original2023-03-3108122600ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108122600ns10:Originalns10:SmallEntities2022-04-012023-03-3108122600ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108122600ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108122600ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108122600ns10:Originalns10:FullAccounts2022-04-012023-03-3108122600ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3108122600ns10:Originalns10:Director22022-04-012023-03-3108122600ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108122600ns10:Original2022-03-3108122600ns10:Originalns5:CurrentFinancialInstruments2023-03-3108122600ns10:Originalns5:CurrentFinancialInstruments2022-03-3108122600ns10:Originalns5:Non-currentFinancialInstruments2023-03-3108122600ns10:Originalns5:Non-currentFinancialInstruments2022-03-3108122600ns5:ShareCapitalns10:Original2023-03-3108122600ns5:ShareCapitalns10:Original2022-03-3108122600ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108122600ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108122600ns10:Originalns5:PlantMachinery2022-04-012023-03-3108122600ns10:Originalns5:MotorVehicles2022-04-012023-03-3108122600ns10:Original2021-04-012022-03-3108122600ns10:Originalns5:PlantMachinery2022-03-3108122600ns10:Originalns5:MotorVehicles2022-03-3108122600ns10:Original2022-03-3108122600ns10:Originalns5:PlantMachinery2023-03-3108122600ns10:Originalns5:MotorVehicles2023-03-3108122600ns10:Originalns5:PlantMachinery2022-03-3108122600ns10:Originalns5:MotorVehicles2022-03-3108122600ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-3108122600ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3108122600ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3108122600ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-3108122600ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108122600ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108122600ns5:WithinOneYear2023-03-3108122600ns5:WithinOneYear2022-03-3108122600ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108122600ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3108122600ns5:Secured2023-03-3108122600ns5:Secured2022-03-3108122600ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 08122600 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Thomas Percy Construction Limited

Thomas Percy Construction Limited (Registered number: 08122600)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Percy Construction Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs B A Percy
T S A Percy





REGISTERED OFFICE: 6 Gimson Road
Leicester
Leicestershire
LE3 6DY





REGISTERED NUMBER: 08122600 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

Thomas Percy Construction Limited (Registered number: 08122600)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,997 27,872

CURRENT ASSETS
Stocks 110,633 127,738
Debtors 5 11,351 6,926
Cash at bank 22,417 57,048
144,401 191,712
CREDITORS
Amounts falling due within one year 6 134,819 208,928
NET CURRENT ASSETS/(LIABILITIES) 9,582 (17,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,579

10,656

CREDITORS
Amounts falling due after more than one
year

7

28,742

42,712
NET ASSETS/(LIABILITIES) 1,837 (32,056 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,835 (32,058 )
SHAREHOLDERS' FUNDS 1,837 (32,056 )

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.

Thomas Percy Construction Limited (Registered number: 08122600)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





T S A Percy - Director


Thomas Percy Construction Limited (Registered number: 08122600)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Thomas Percy Construction 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
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 Statement of Income and Retained Earnings, 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.

Thomas Percy Construction Limited (Registered number: 08122600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,300 64,238 65,538
DEPRECIATION
At 1 April 2022 361 37,305 37,666
Charge for year 141 6,734 6,875
At 31 March 2023 502 44,039 44,541
NET BOOK VALUE
At 31 March 2023 798 20,199 20,997
At 31 March 2022 939 26,933 27,872

Thomas Percy Construction Limited (Registered number: 08122600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 20,495
DEPRECIATION
At 1 April 2022 5,124
Charge for year 3,843
At 31 March 2023 8,967
NET BOOK VALUE
At 31 March 2023 11,528
At 31 March 2022 15,371

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 5,382 1,370
Other debtors 1,233 496
Prepayments 4,736 5,060
11,351 6,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,942 3,942
Trade creditors 40,810 42,676
Social security and other taxes 14,677 81,179
VAT 16,992 12,619
Pension creditor 230 216
Net wages - 2,517
Directors' current accounts 46,268 53,479
Accrued expenses 1,900 2,300
134,819 208,928

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 22,500 32,527
Hire purchase contracts 6,242 10,185
28,742 42,712

Thomas Percy Construction Limited (Registered number: 08122600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 10,184 14,127

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

10. OTHER FINANCIAL COMMITMENTS

The company has future property operating lease commitments of £5,830 per year for at least 1 year.