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Registration number: 05481149

4P Maintenance And Construction (Sussex) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

4P Maintenance And Construction (Sussex) Limited

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

4P Maintenance And Construction (Sussex) Limited

Company Information

Director

SJ Thorpe

Company secretary

AEJ Staples

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

4P Maintenance And Construction (Sussex) Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 30 June 2023

Note

2023
£

2022
£

Turnover

 

473,037

277,340

Cost of sales

 

(342,604)

(191,575)

Gross profit

 

130,433

85,765

Administrative expenses

 

(52,875)

(45,672)

Operating profit

 

77,558

40,093

Other interest receivable and similar income

 

105

-

Interest payable and similar charges

 

(439)

(424)

 

(334)

(424)

Profit before tax

77,224

39,669

Taxation

(15,320)

(7,357)

Profit for the financial year

 

61,904

32,312

Retained earnings brought forward

 

4,312

-

Dividends paid

 

(52,000)

(28,000)

Retained earnings carried forward

 

14,216

4,312

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

4P Maintenance And Construction (Sussex) Limited

(Registration number: 05481149)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,674

7,047

Current assets

 

Debtors

5

37,662

29,933

Cash at bank and in hand

 

24,114

9,971

 

61,776

39,904

Creditors: Amounts falling due within one year

6

(48,842)

(30,305)

Net current assets

 

12,934

9,599

Total assets less current liabilities

 

22,608

16,646

Creditors: Amounts falling due after more than one year

6

(8,391)

(12,333)

Net assets

 

14,217

4,313

Capital and reserves

 

Called up share capital

1

1

Retained earnings

14,216

4,312

Shareholders' funds

 

14,217

4,313

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 March 2024
 

.........................................
SJ Thorpe
Director

 

4P Maintenance And Construction (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

4P Maintenance And Construction (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance

Fixtures,fittings and equipment

10% reducing balance

Motor vehicles

25% reducing balance

Office equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

4P Maintenance And Construction (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

4P Maintenance And Construction (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

4,566

7,060

12,769

24,395

Additions

-

3,250

424

3,674

At 30 June 2023

4,566

10,310

13,193

28,069

Depreciation

At 1 July 2022

3,203

6,211

7,934

17,348

Charge for the year

309

212

526

1,047

At 30 June 2023

3,512

6,423

8,460

18,395

Carrying amount

At 30 June 2023

1,054

3,887

4,733

9,674

At 30 June 2022

1,363

849

4,835

7,047

5

Debtors

2023
£

2022
£

Trade debtors

8,410

539

Other debtors

29,252

29,394

37,662

29,933

 

4P Maintenance And Construction (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

4,000

4,000

Trade creditors

 

14,781

8,452

Taxation and social security

 

27,325

5,165

Accruals and deferred income

 

1,399

11,768

Other creditors

 

793

51

Director loan account

 

544

869

 

48,842

30,305

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

8,391

12,333

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,000

4,000

 

4P Maintenance And Construction (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

8

Related party transactions

Summary of transactions with other related parties

S J Garden Maintenance
S J Thorpe has an interest in this entity

 Management charges and share of profit received
 

Income and receivables from related parties

2023

Other related parties
£

Sale of goods

4,541

Amounts receivable from related party

29,252

2022

Other related parties
£

Sale of goods

10,318

Amounts receivable from related party

29,394