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REGISTERED NUMBER: 04364430 (England and Wales)















PEALL CONSTRUCTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PEALL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04364430)






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


PEALL CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr M E Peall
Mr J H Peall





SECRETARY: Mrs A Peall





REGISTERED OFFICE: Oakwell House
Swan Lane, Sellindge
Ashford
Kent
TN25 6EB





REGISTERED NUMBER: 04364430 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

PEALL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04364430)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 346,317 514,475

CURRENT ASSETS
Debtors 5 829,076 449,908
Cash at bank 986,738 1,550,857
1,815,814 2,000,765
CREDITORS
Amounts falling due within one year 6 1,531,823 1,268,328
NET CURRENT ASSETS 283,991 732,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,308

1,246,912

CREDITORS
Amounts falling due after more than one
year

7

(105,459

)

(224,134

)

PROVISIONS FOR LIABILITIES (65,800 ) (97,750 )
NET ASSETS 459,049 925,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 458,949 924,928
SHAREHOLDERS' FUNDS 459,049 925,028

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.

PEALL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04364430)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2023 and were signed on its behalf by:




Mr J H Peall - Director



Mr M E Peall - Director


PEALL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04364430)

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

1. STATUTORY INFORMATION

Peall 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 etc - 25% on reducing balance

Plant and machinery- 25% Reducing balance
Motor vehicles- 25% Reducing balance
Computer equipment- 25% Reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 32 ) .

PEALL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04364430)

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

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,562,841 5,100 256,293 2,563 1,826,797
Additions 55,958 5,208 - 1,439 62,605
Disposals (344,125 ) - (4,125 ) - (348,250 )
At 31 March 2023 1,274,674 10,308 252,168 4,002 1,541,152
DEPRECIATION
At 1 April 2022 1,066,048 1,478 242,936 1,860 1,312,322
Charge for year 104,567 2,208 3,335 535 110,645
Eliminated on disposal (224,007 ) - (4,125 ) - (228,132 )
At 31 March 2023 946,608 3,686 242,146 2,395 1,194,835
NET BOOK VALUE
At 31 March 2023 328,066 6,622 10,022 1,607 346,317
At 31 March 2022 496,793 3,622 13,357 703 514,475

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 1,366,325 241,201 1,607,526
Disposals (338,625 ) (4,125 ) (342,750 )
At 31 March 2023 1,027,700 237,076 1,264,776
DEPRECIATION
At 1 April 2022 940,939 227,844 1,168,783
Charge for year 72,585 3,335 75,920
Eliminated on disposal (222,632 ) (4,125 ) (226,757 )
At 31 March 2023 790,892 227,054 1,017,946
NET BOOK VALUE
At 31 March 2023 236,808 10,022 246,830
At 31 March 2022 425,386 13,357 438,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 251,708 32,941
VAT 304,311 191,967
Accrued Income 273,057 225,000
829,076 449,908

PEALL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04364430)

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 104,261 169,700
Trade creditors 1,238,002 925,007
Corporation Tax 131,974 122,038
Social security and other taxes 46,662 40,124
Directors' current accounts 9,879 9,459
Accrued expenses 1,045 2,000
1,531,823 1,268,328

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 105,459 224,134