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REGISTERED NUMBER: 05512104 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ISLWYN PUGH CONSTRUCTION LIMITED

ISLWYN PUGH CONSTRUCTION LIMITED (REGISTERED NUMBER: 05512104)






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


ISLWYN PUGH CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C L Pugh
N Williams
Mrs HL Trotman





SECRETARY: C L Pugh





REGISTERED OFFICE: Unit 21 Pant Industrial Estate
Dowlais
Merthyr Tydfil
CF48 2SR





REGISTERED NUMBER: 05512104 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

ISLWYN PUGH CONSTRUCTION LIMITED (REGISTERED NUMBER: 05512104)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,476 127,714

CURRENT ASSETS
Stocks 944,604 698,060
Debtors 5 627,871 706,764
Cash at bank and in hand 102,955 282,698
1,675,430 1,687,522
CREDITORS
Amounts falling due within one year 6 915,677 987,191
NET CURRENT ASSETS 759,753 700,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

909,229

828,045

PROVISIONS FOR LIABILITIES 23,831 12,900
NET ASSETS 885,398 815,145

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 885,298 815,045
SHAREHOLDERS' FUNDS 885,398 815,145

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.

ISLWYN PUGH CONSTRUCTION LIMITED (REGISTERED NUMBER: 05512104)

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 30 November 2023 and were signed on its behalf by:




N Williams - Director



Mrs HL Trotman - Director


ISLWYN PUGH CONSTRUCTION LIMITED (REGISTERED NUMBER: 05512104)

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

1. STATUTORY INFORMATION

Islwyn Pugh 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.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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
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.

ISLWYN PUGH CONSTRUCTION LIMITED (REGISTERED NUMBER: 05512104)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 362,518
Additions 69,747
Disposals (44,607 )
At 31 March 2023 387,658
DEPRECIATION
At 1 April 2022 234,804
Charge for year 38,877
Eliminated on disposal (35,499 )
At 31 March 2023 238,182
NET BOOK VALUE
At 31 March 2023 149,476
At 31 March 2022 127,714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 569,602 642,432
Other debtors 58,269 64,332
627,871 706,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 470,229 564,960
Taxation and social security 208,183 138,052
Other creditors 237,265 284,179
915,677 987,191

ISLWYN PUGH CONSTRUCTION LIMITED (REGISTERED NUMBER: 05512104)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
C L Pugh
Balance outstanding at start of year (7,917 ) (33,260 )
Amounts advanced 7,917 25,343
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (7,917 )

N Williams
Balance outstanding at start of year (3,910 ) (4,070 )
Amounts advanced 3,000 160
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (910 ) (3,910 )