Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 06806956 Mr Peter May iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06806956 2022-03-31 06806956 2023-03-31 06806956 2022-04-01 2023-03-31 06806956 frs-core:CurrentFinancialInstruments 2023-03-31 06806956 frs-core:Non-currentFinancialInstruments 2023-03-31 06806956 frs-core:PlantMachinery 2023-03-31 06806956 frs-core:PlantMachinery 2022-04-01 2023-03-31 06806956 frs-core:PlantMachinery 2022-03-31 06806956 frs-core:WithinOneYear 2023-03-31 06806956 frs-core:ShareCapital 2023-03-31 06806956 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06806956 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06806956 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 06806956 frs-bus:SmallEntities 2022-04-01 2023-03-31 06806956 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06806956 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06806956 frs-bus:Director1 2022-04-01 2023-03-31 06806956 frs-countries:EnglandWales 2022-04-01 2023-03-31 06806956 2021-03-31 06806956 2022-03-31 06806956 2021-04-01 2022-03-31 06806956 frs-core:CurrentFinancialInstruments 2022-03-31 06806956 frs-core:Non-currentFinancialInstruments 2022-03-31 06806956 frs-core:WithinOneYear 2022-03-31 06806956 frs-core:ShareCapital 2022-03-31 06806956 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 06806956
P.W.May Contracting Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2023
Westbury Accountancy Ltd
Suite 1a, Hunter House, 150 Hutton Road
Shenfield
Brentwood
CM15 8NL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06806956
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 442,688 456,970
442,688 456,970
CURRENT ASSETS
Debtors 5 50,910 65,093
Cash at bank and in hand 5,276 12,539
56,186 77,632
Creditors: Amounts Falling Due Within One Year 6 (237,682 ) (304,420 )
NET CURRENT ASSETS (LIABILITIES) (181,496 ) (226,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES 261,192 230,182
Creditors: Amounts Falling Due After More Than One Year 7 (233,480 ) (231,339 )
NET ASSETS/(LIABILITIES) 27,712 (1,157 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 27,612 (1,257 )
SHAREHOLDERS' FUNDS 27,712 (1,157)
Page 1
Page 2
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter May
Director
27th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P.W.May Contracting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06806956 . The registered office is Eastwick Hall Farm, Eastwick, Harlow, Essex, CM20 2RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 4 (2022: NIL)
4 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2022 702,914
Additions 8,543
As at 31 March 2023 711,457
...CONTINUED
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Page 4
Depreciation
As at 1 April 2022 245,944
Provided during the period 22,825
As at 31 March 2023 268,769
Net Book Value
As at 31 March 2023 442,688
As at 1 April 2022 456,970
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 44,598 65,093
VAT 6,312 -
50,910 65,093
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 38,603 35,389
Trade creditors 36,890 58,306
Bank loans and overdrafts 122,203 143,414
Other taxes and social security 3,709 3,568
VAT - 29,799
Other creditors - 33,944
Director's loan account 36,277 -
237,682 304,420
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 233,480 231,339
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,603 35,389
Less: Finance charges allocated to future periods (233,480 ) (231,339 )
272,083 266,728
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4