Registered number
07355989
Piling Operators Limited
Filleted Accounts
31 March 2023
Piling Operators Limited
Registered number: 07355989
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,667,221 1,674,561
Current assets
Debtors 4 390,280 423,059
Cash at bank and in hand 261,502 159,952
651,782 583,011
Creditors: amounts falling due within one year 5 (246,533) (177,103)
Net Current Assets 405,249 405,908
Total assets less current liabilities 2,072,470 2,080,469
Creditors: amounts falling due after more than one year 6 (167,338) (252,164)
Total Assets 1,905,132 1,828,305
Capital and reserves
Called up share capital 7,000 7,000
Profit and loss account 1,898,132 1,821,305
Shareholder's funds 1,905,132 1,828,305
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 member has 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.
Mr Daniel Martin
Director
Approved by the board on 6 November 2023
Piling Operators 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, 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 25% Reducing balance method
Fixtures, fittings, tools and equipment 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 1,631,721 127,962 172,481 1,932,164
Additions - - 3,875 3,875
At 31 March 2023 1,631,721 127,962 176,356 1,936,039
Depreciation
At 1 April 2022 - 96,679 160,924 257,603
Charge for the year - 7,821 3,394 11,215
At 31 March 2023 - 104,500 164,318 268,818
Net book value
At 31 March 2023 1,631,721 23,462 12,038 1,667,221
At 31 March 2022 1,631,721 31,283 11,557 1,674,561
4 Debtors 2023 2022
£ £
Trade debtors 238,280 271,059
Other debtors 152,000 152,000
390,280 423,059
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 19,938 15,624
Other taxes and social security costs 148,346 93,950
Other creditors 78,249 67,529
246,533 177,103
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 167,338 252,164
7 Other information
Piling Operators Limited is a private company limited by shares and incorporated in England. Its registered office is:
117 Passfield Avenue
Eastleigh
SO50 9NJ
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