Registered number
04457061
P & D Contracts Weymouth Ltd
Filleted Accounts
30 June 2024
Winterbourne Associates Ltd
Accountants
1 Frederick Place
WEYMOUTH
Dorset
DT4 8HQ
P & D Contracts Weymouth Ltd
Registered number: 04457061
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 25,000 25,000
Tangible assets 4 13,129 33,362
38,129 58,362
Current assets
Work In Progress 79,186 88,799
Debtors 5 42,239 69,043
Cash at bank and in hand 452,638 402,387
574,063 560,229
Creditors: amounts falling due within one year 6 (68,549) (73,179)
Net current assets 505,514 487,050
Total assets less current liabilities 543,643 545,412
Creditors: amounts falling due after more than one year 7 (9) (183)
Net assets 543,634 545,229
Capital and reserves
Called up share capital 2 2
Profit and loss account 543,632 545,227
Shareholder's funds 543,634 545,229
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. D. Walker
Director
Approved by the board on 24 July 2024
P & D Contracts Weymouth Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25%
Fixtures, fittings, tools and equipment 15%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 25,000
At 30 June 2024 25,000
Amortisation
At 30 June 2024 -
Net book value
At 30 June 2024 25,000
At 30 June 2023 25,000
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 20,826 163,388 184,214
Disposals - (115,448) (115,448)
At 30 June 2024 20,826 47,940 68,766
Depreciation
At 1 July 2023 14,371 136,481 150,852
Charge for the year 968 2,548 3,516
On disposals - (98,731) (98,731)
At 30 June 2024 15,339 40,298 55,637
Net book value
At 30 June 2024 5,487 7,642 13,129
At 30 June 2023 6,455 26,907 33,362
5 Debtors 2024 2023
£ £
Trade debtors 42,239 69,043
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,270 55,961
Taxation and social security costs 10,279 17,218
68,549 73,179
7 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9 183
8 Other information
P & D Contracts Weymouth Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Frederick Place
Weymouth
Dorset DT4 8HQ
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