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REGISTERED NUMBER: 03063134 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

North Bristol Plastering Ltd

North Bristol Plastering Ltd (Registered number: 03063134)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Bristol Plastering Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: R Player
S A Streatfield





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 03063134 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

North Bristol Plastering Ltd (Registered number: 03063134)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,480 187,440

CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 336,737 247,687
Cash at bank and in hand 19 49,201
338,756 298,888
CREDITORS
Amounts falling due within one year 7 167,903 129,246
NET CURRENT ASSETS 170,853 169,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,333

357,082

CREDITORS
Amounts falling due after more than one
year

8

(243,205

)

(167,613

)

PROVISIONS FOR LIABILITIES (25,186 ) (24,544 )
NET ASSETS 74,942 164,925

North Bristol Plastering Ltd (Registered number: 03063134)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 71,950 72,463
Capital redemption reserve 1 1
Retained earnings 2,891 92,361
SHAREHOLDERS' FUNDS 74,942 164,925

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

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

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 Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:




S A Streatfield - Director



R Player - Director


North Bristol Plastering Ltd (Registered number: 03063134)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

North Bristol Plastering 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Long term contracts are included in turnover on the basis of the sales value of work performed during the year by reference to the total sales value and stage completion of these contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over remaining life of the lease
Office Equipment - 25% on cost
Plant & Machinery - 25% on cost
Motor vehicles - 25% on cost

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

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, 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. Such assets are subsequently carried 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.


North Bristol Plastering Ltd (Registered number: 03063134)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 13 ) .

North Bristol Plastering Ltd (Registered number: 03063134)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Short Office Plant & Motor
leasehold Equipment Machinery vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2022 145,000 55,433 11,217 64,499 276,149
Additions - 309 - - 309
At 31 May 2023 145,000 55,742 11,217 64,499 276,458
DEPRECIATION
At 1 June 2022 6,042 53,391 10,498 18,778 88,709
Charge for year 1,208 1,599 250 12,212 15,269
At 31 May 2023 7,250 54,990 10,748 30,990 103,978
NET BOOK VALUE
At 31 May 2023 137,750 752 469 33,509 172,480
At 31 May 2022 138,958 2,042 719 45,721 187,440

Cost or valuation at 31 May 2023 is represented by:

Short Office Plant & Motor
leasehold Equipment Machinery vehicles Totals
£    £    £    £    £   
Valuation in 2017 81,700 - - - 81,700
Cost 63,300 55,742 11,217 64,499 194,758
145,000 55,742 11,217 64,499 276,458

North Bristol Plastering Ltd (Registered number: 03063134)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 June 2022
and 31 May 2023 41,350
DEPRECIATION
At 1 June 2022 1,723
Charge for year 10,337
At 31 May 2023 12,060
NET BOOK VALUE
At 31 May 2023 29,290
At 31 May 2022 39,627

5. STOCKS
2023 2022
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 156,684 75,963
Other debtors 180,053 171,724
336,737 247,687

Trade Debtors include retentions on completed contracts.


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,664 36,911
Hire purchase contracts 6,717 6,240
Trade creditors 51,528 32,059
Taxation and social security 8,535 22,397
Other creditors 45,459 31,639
167,903 129,246

North Bristol Plastering Ltd (Registered number: 03063134)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 96,830 137,503
Hire purchase contracts 23,393 30,110
Other creditors 122,982 -
243,205 167,613

Amounts falling due in more than five years:

Repayable by instalments
Mortgage - 5+ years - 10,557

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 14,885 -
Mortgage 51,537 61,302
66,422 61,302

Lloyds Bank PLC hold the first charge over the lease on Unit 10 Dean Court, Great Western Business Park, Yate, Bristol, the company's main place of business and also hold a debenture on the assets of the business.

Lloyds Bank Commercial Finance Ltd also hold fixed and floating charges over the assets of the business.