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REGISTERED NUMBER: 03677600 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Padwick Builders Limited

Padwick Builders Limited (Registered number: 03677600)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Padwick Builders Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S J P Christiansen
O C Christiansen





SECRETARY: O C Christiansen





REGISTERED OFFICE: 303 Goring Road
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 03677600 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Padwick Builders Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Padwick Builders Limited for the year ended 30 September 2017.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company, from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


1 December 2023

Padwick Builders Limited (Registered number: 03677600)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,564 93,467
Investments 5 43,000 43,000
110,564 136,467

CURRENT ASSETS
Stocks 6 151,814 246,963
Debtors 7 13,267 279,305
Cash at bank 5,087 15,294
170,168 541,562
CREDITORS
Amounts falling due within one year 8 215,013 570,194
NET CURRENT LIABILITIES (44,845 ) (28,632 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,719

107,835

CREDITORS
Amounts falling due after more than one
year

9

(47,675

)

(70,464

)

PROVISIONS FOR LIABILITIES (9,373 ) (9,373 )
NET ASSETS 8,671 27,998

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,571 27,898
SHAREHOLDERS' FUNDS 8,671 27,998

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Padwick Builders Limited (Registered number: 03677600)

Balance Sheet - continued
30 September 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 1 December 2023 and were signed on its behalf by:





O C Christiansen - Director


Padwick Builders Limited (Registered number: 03677600)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Padwick Builders 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.

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.

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 - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Padwick Builders Limited (Registered number: 03677600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 8 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 73,235 205,414 6,481 285,130
Additions 5,760 - 2,732 8,492
At 30 September 2023 78,995 205,414 9,213 293,622
DEPRECIATION
At 1 October 2022 55,270 132,353 4,040 191,663
Charge for year 6,455 26,478 1,462 34,395
At 30 September 2023 61,725 158,831 5,502 226,058
NET BOOK VALUE
At 30 September 2023 17,270 46,583 3,711 67,564
At 30 September 2022 17,965 73,061 2,441 93,467

5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST
At 1 October 2022
and 30 September 2023 43,000
NET BOOK VALUE
At 30 September 2023 43,000
At 30 September 2022 43,000

6. STOCKS
2023 2022
£    £   
Stocks 1,278 1,278
Work-in-progress 150,536 245,685
151,814 246,963

Padwick Builders Limited (Registered number: 03677600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 271,208
Other debtors 13,267 8,097
13,267 279,305

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,615 10,962
Trade creditors 55,025 110,681
Amounts owed to group undertakings 30,833 -
Taxation and social security 66,209 46,032
Other creditors 38,331 392,519
215,013 570,194

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,500 27,500
Hire purchase contracts 30,175 42,964
47,675 70,464

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the O Christiansen & S Christiansen decreased their loan to the company, at the year end the company owed them £19,685 (2022: £382,300) This loan is interest free and repayable on demand.