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REGISTERED NUMBER: 12466469 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Piling Specialists Ltd

Piling Specialists Ltd (Registered number: 12466469)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Piling Specialists Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Leutrim Lutfiu





SECRETARY:





REGISTERED OFFICE: 162 Cotterells
Hemel Hempstead
HP1 1JW





REGISTERED NUMBER: 12466469 (England and Wales)





ACCOUNTANTS: FSL Accountancy Limited
UNIT 2, REGENTS PLACE
11 HASTINGS STREET
LUTON
LU1 5BE

Piling Specialists Ltd (Registered number: 12466469)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 63,156 34,762

CURRENT ASSETS
Debtors 5 11,013 7,802
Cash at bank 56,893 4,423
67,906 12,225
CREDITORS
Amounts falling due within one year 6 (26,535 ) (6,985 )
NET CURRENT ASSETS 41,371 5,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,527

40,002

CREDITORS
Amounts falling due after more than one
year

7

(37,040

)

(12,950

)
NET ASSETS 67,487 27,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,387 26,952
SHAREHOLDERS' FUNDS 67,487 27,052

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

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

Piling Specialists Ltd (Registered number: 12466469)

Balance Sheet - continued
30 June 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 7 March 2024 and were signed by:





MR LINO META - Director


Piling Specialists Ltd (Registered number: 12466469)

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

1. STATUTORY INFORMATION

Piling Specialists 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Piling Specialists Ltd (Registered number: 12466469)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 51,375
Additions 48,751
Disposals (20,799 )
At 30 June 2023 79,327
DEPRECIATION
At 1 July 2022 16,613
Charge for year (9,133 )
Eliminated on disposal 8,691
At 30 June 2023 16,171
NET BOOK VALUE
At 30 June 2023 63,156
At 30 June 2022 34,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 11,013 7,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 17,208 12,190
Trade creditors 1 2,597
Taxation and social security (13,993 ) (7,993 )
Other creditors 23,319 191
26,535 6,985

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 37,040 12,950