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REGISTERED NUMBER: 08944068 (England and Wales)















Preekel Construction Services Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






Preekel Construction Services Limited (Registered number: 08944068)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Preekel Construction Services Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: G Preekel
Mrs V Preekel





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 37 Glasgow Street
Northampton
NN5 5BN





REGISTERED NUMBER: 08944068 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Preekel Construction Services Limited (Registered number: 08944068)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,993 3,483

CURRENT ASSETS
Stocks 11,614 10,115
Debtors 6 98,844 85,186
Cash at bank and in hand 20,229 50
130,687 95,351
CREDITORS
Amounts falling due within one year 7 82,559 67,661
NET CURRENT ASSETS 48,128 27,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,121

31,173

CREDITORS
Amounts falling due after more than one
year

8

(30,058

)

(30,352

)

PROVISIONS FOR LIABILITIES 10 (500 ) (600 )
NET ASSETS 20,563 221

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 20,463 121
SHAREHOLDERS' FUNDS 20,563 221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Preekel Construction Services Limited (Registered number: 08944068)

Balance Sheet - continued
31st 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 14th September 2023 and were signed on its behalf by:




G Preekel - Director



Mrs V Preekel - Director


Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Preekel Construction Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of construction.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 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.

Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 22,900 7,013 6,500 1,566 37,979
Additions - - - 633 633
At 31st March 2023 22,900 7,013 6,500 2,199 38,612
DEPRECIATION
At 1st April 2022 22,900 3,924 6,500 1,172 34,496
Charge for year - 769 - 354 1,123
At 31st March 2023 22,900 4,693 6,500 1,526 35,619
NET BOOK VALUE
At 31st March 2023 - 2,320 - 673 2,993
At 31st March 2022 - 3,089 - 394 3,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 15,676
Other debtors 98,844 69,510
98,844 85,186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 4,759 17,181
Trade creditors 1,082 1,896
Taxation and social security 74,748 46,693
Other creditors 1,970 1,891
82,559 67,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 30,058 30,352

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 4,254
Bank loans 4,759 12,927
4,759 17,181

Preekel Construction Services Limited (Registered number: 08944068)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

9. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,879 9,397

Amounts falling due between two and five years:
Bank loans - 2-5 years 25,179 20,955

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 500 600

Deferred
tax
£   
Balance at 1st April 2022 600
Credit to Income Statement during year (100 )
Balance at 31st March 2023 500

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2023 or 31st March 2022.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2023 or 31st March 2022.

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
G Preekel and Mrs V Preekel
Balance outstanding at start of year 65,901 23,091
Amounts advanced 96,000 65,901
Amounts repaid (65,901 ) (23,091 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,000 65,901

This loan is interest free with no fixed repayment terms, and has been repaid since the year end.