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REGISTERED NUMBER: 10635085 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MARCH 2023 TO 31 AUGUST 2023

FOR

PADMORE CONSTRUCTION LTD

PADMORE CONSTRUCTION LTD (REGISTERED NUMBER: 10635085)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PADMORE CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2023







DIRECTOR: D Saigal





REGISTERED OFFICE: 99 Hinckley Road
Leicester
Leicestershire
LE3 0TD





REGISTERED NUMBER: 10635085 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

PADMORE CONSTRUCTION LTD (REGISTERED NUMBER: 10635085)

BALANCE SHEET
31 AUGUST 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 90,189 10,515

CURRENT ASSETS
Debtors 6 91,262 40,809
Cash at bank and in hand 254,676 47,002
345,938 87,811
CREDITORS
Amounts falling due within one year 7 58,792 26,566
NET CURRENT ASSETS 287,146 61,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,335

71,760

CREDITORS
Amounts falling due after more than one
year

8

(295,234

)

(45,000

)

PROVISIONS FOR LIABILITIES 9 (17,136 ) (139 )
NET ASSETS 64,965 26,621

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 64,964 26,620
SHAREHOLDERS' FUNDS 64,965 26,621

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

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

PADMORE CONSTRUCTION LTD (REGISTERED NUMBER: 10635085)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 17 April 2024 and were signed by:





D Saigal - Director


PADMORE CONSTRUCTION LTD (REGISTERED NUMBER: 10635085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Padmore Construction 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. 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade 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. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

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 - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


PADMORE CONSTRUCTION LTD (REGISTERED NUMBER: 10635085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 567 266 - - 833
Additions 83,349 1,454 19,395 11,092 115,290
At 31 August 2023 83,916 1,720 19,395 11,092 116,123
DEPRECIATION
At 1 March 2023 56 44 - - 100
Charge for period 16,772 553 4,849 3,660 25,834
At 31 August 2023 16,828 597 4,849 3,660 25,934
NET BOOK VALUE
At 31 August 2023 67,088 1,123 14,546 7,432 90,189
At 28 February 2023 511 222 - - 733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 10,000 -
Directors' current accounts - 1,635
VAT 81,262 23,863
Prepayments - 15,311
91,262 40,809

PADMORE CONSTRUCTION LTD (REGISTERED NUMBER: 10635085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other creditors 50,204 25,766
Directors' current accounts 7,638 -
Accrued expenses 950 800
58,792 26,566

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Payments on account 295,234 45,000

9. PROVISIONS FOR LIABILITIES
2023 2023
£    £   
Deferred tax 17,136 139

Deferred
tax
£   
Balance at 1 March 2023 139
Charge to Income Statement during period 16,997
Balance at 31 August 2023 17,136

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained
earnings
£   

At 1 March 2023 2,526
Profit for the period 62,438
At 31 August 2023 64,964

12. ULTIMATE CONTROLLING PARTY

The controlling party is D Saigal.

The ultimate controlling party is D Saigal.