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REGISTERED NUMBER: 11418114 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

P.W CONSTRUCTION BUILDERS LTD

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.W CONSTRUCTION BUILDERS LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: Mr P Warda





REGISTERED OFFICE: 85 Albany House
London
N15 3RQ





REGISTERED NUMBER: 11418114 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,474 27,814

CURRENT ASSETS
Debtors 5 11,896 16,911
Cash at bank and in hand 1,354 1,602
13,250 18,513
CREDITORS
Amounts falling due within one year 6 28,142 12,009
NET CURRENT (LIABILITIES)/ASSETS (14,892 ) 6,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,582

34,318

CREDITORS
Amounts falling due after more than one
year

7

(18,540

)

(23,900

)

PROVISIONS FOR LIABILITIES 9 (3,890 ) (5,285 )
NET (LIABILITIES)/ASSETS (16,848 ) 5,133

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (16,849 ) 5,132
SHAREHOLDERS' FUNDS (16,848 ) 5,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





Mr P Warda - Director


P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

P.W Construction Builders Ltd 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 (£).


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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, the shareholder and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 774 945 29,414 3,017 34,150
DEPRECIATION
At 1 July 2022 254 318 4,290 1,474 6,336
Charge for year 130 157 6,281 772 7,340
At 30 June 2023 384 475 10,571 2,246 13,676
NET BOOK VALUE
At 30 June 2023 390 470 18,843 771 20,474
At 30 June 2022 520 627 25,124 1,543 27,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 7,878 15,306
Value added tax 3,955 1,605
Prepayments 63 -
11,896 16,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 8) 1,505 1,514
Hire purchase contracts 3,883 3,883
Trade creditors 2,421 -
Taxation - 903
Directors' current accounts 20,333 5,709
28,142 12,009

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 8) 8,833 10,310
Hire purchase contracts 9,707 13,590
18,540 23,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 2,424 3,861
2,424 3,861

8. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,505 1,514

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,543 1,552

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,866 4,897

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 2,424 3,861
2,424 3,861

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 3,890 5,285

P.W CONSTRUCTION BUILDERS LTD (REGISTERED NUMBER: 11418114)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 5,285
Credit to Statement of Income and Retained Earnings during year (1,395 )
Balance at 30 June 2023 3,890

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1