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REGISTERED NUMBER: 06844786 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

PKS SOUTH EAST (SCAFFOLDING) LTD

PKS SOUTH EAST (SCAFFOLDING) LTD (REGISTERED NUMBER: 06844786)






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


PKS SOUTH EAST (SCAFFOLDING) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs K T Spallin
J S Coveney
P Spallin





REGISTERED OFFICE: Unit 1, Cliffside Industrial Estate
Askew Farm Lane
Grays
Essex
RM17 5XR





REGISTERED NUMBER: 06844786 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

PKS SOUTH EAST (SCAFFOLDING) LTD (REGISTERED NUMBER: 06844786)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 849,341 579,212

CURRENT ASSETS
Debtors 5 410,144 501,894
Cash at bank and in hand 167,473 104,809
577,617 606,703
CREDITORS
Amounts falling due within one year 6 110,315 141,403
NET CURRENT ASSETS 467,302 465,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,316,643

1,044,512

CREDITORS
Amounts falling due after more than one
year

7

28,074

45,857
NET ASSETS 1,288,569 998,655

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,288,469 998,555
SHAREHOLDERS' FUNDS 1,288,569 998,655

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.

PKS SOUTH EAST (SCAFFOLDING) LTD (REGISTERED NUMBER: 06844786)

BALANCE SHEET - continued
31 MAY 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 23 February 2024 and were signed on its behalf by:





J S Coveney - Director


PKS SOUTH EAST (SCAFFOLDING) LTD (REGISTERED NUMBER: 06844786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

PKS South East (Scaffolding) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

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.

PKS SOUTH EAST (SCAFFOLDING) LTD (REGISTERED NUMBER: 06844786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 975,023 11,160 235,380 1,706 1,223,269
Additions 423,857 - 7,500 3,942 435,299
At 31 May 2023 1,398,880 11,160 242,880 5,648 1,658,568
DEPRECIATION
At 1 June 2022 515,008 7,336 120,859 854 644,057
Charge for year 132,604 957 30,196 1,413 165,170
At 31 May 2023 647,612 8,293 151,055 2,267 809,227
NET BOOK VALUE
At 31 May 2023 751,268 2,867 91,825 3,381 849,341
At 31 May 2022 460,015 3,824 114,521 852 579,212

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 16,756 28,573 45,329
Additions 9,064 - 9,064
At 31 May 2023 25,820 28,573 54,393
DEPRECIATION
At 1 June 2022 2,513 7,143 9,656
Charge for year 3,496 5,358 8,854
At 31 May 2023 6,009 12,501 18,510
NET BOOK VALUE
At 31 May 2023 19,811 16,072 35,883
At 31 May 2022 14,243 21,430 35,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 358,758 453,419
Other debtors 624 539
VAT 38,055 36,879
Prepayments 12,707 11,057
410,144 501,894

PKS SOUTH EAST (SCAFFOLDING) LTD (REGISTERED NUMBER: 06844786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,897 5,752
Hire purchase contracts 13,639 15,341
Trade creditors 66,408 87,162
Tax - 5,805
Social security and other taxes 15,556 18,790
Other creditors 1,947 1,685
Directors' current accounts 1,468 1,468
Accruals and deferred income 5,400 5,400
110,315 141,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 6,046 5,897
Bank loans - 2-5 years 10,419 16,465
Hire purchase contracts 11,609 23,495
28,074 45,857