Registered Number:05134733 |
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2023
PCM Construction Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
PCM Construction Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
65,159
48,460
2
550,991
500,209
3
565,368
599,451
18,098
1,853
4
Trade and other receivables |
85,679
88,885
5
75,801
Cash and cash equivalents |
158,213
248,951
179,578
Trade and other payables: amounts falling due within one |
year |
(24,840)
(35,800)
6
154,738
213,151
Net current assets
Total assets less current liabilities |
778,519
754,189
(29,319)
(29,319)
Provisions for liabilities |
749,200
Net assets
724,870
1,000
1,000
134,496
185,695
613,704
538,175
749,200
724,870
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 02 November 2023 and were signed by: |
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For the year ended 31 May 2023
PCM Construction Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 May 2023
PCM Construction Ltd
Notes to the Financial Statements
Statutory Information
PCM Construction Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05134733. |
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent |
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that |
valuation has not been updated. |
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
likely that there has been a material change in value. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 May 2023
PCM Construction Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
187,465
7,509
153,381
26,575
38,416
-
35,882
2,534
-
(33,620)
-
(33,620)
29,109
155,643
7,509
192,261
Provision for depreciation and impairment |
139,005
7,013
106,826
25,166
Charge for year
21,718
124
20,609
985
(33,621)
-
(33,621)
-
127,102
7,137
93,814
26,151
2,958
61,829
372
65,159
1,409
46,555
496
48,460
3. Investments held as fixed assets |
550,991
550,991
417
417
(51,199)
(51,199)
500,209
500,209
500,209
500,209
550,991
550,991
2022
2023
1,853
18,098
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For the year ended 31 May 2023
PCM Construction Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
69,000
47,050
19,885
38,629
85,679
88,885
6. Trade and other payables: amounts falling due within one year |
2022
2023
11,180
12,367
Taxation and social security |
14,860
1,516
9,760
10,957
35,800
24,840
7. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
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