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REGISTERED NUMBER: 10635461 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

POLLARD & CO (BUILDERS) LTD

POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POLLARD & CO (BUILDERS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T J Pollard
C J Pollard
S J Pollard





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 10635461 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,390 4,520
Tangible assets 5 164,271 137,031
167,661 141,551

CURRENT ASSETS
Stocks 6 4,946 4,694
Debtors 7 168,101 151,487
Cash at bank and in hand 528,520 453,886
701,567 610,067
CREDITORS
Amounts falling due within one year 8 535,373 508,468
NET CURRENT ASSETS 166,194 101,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,855

243,150

CREDITORS
Amounts falling due after more than one
year

9

(12,882

)

(3,938

)

PROVISIONS FOR LIABILITIES (39,294 ) (32,243 )
NET ASSETS 281,679 206,969

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 281,479 206,769
SHAREHOLDERS' FUNDS 281,679 206,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)

BALANCE SHEET - continued
31 MARCH 2024


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 8 August 2024 and were signed on its behalf by:





T J Pollard - Director


POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pollard & Co (Builders) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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, equipment & tools - 25% on reducing balance
Furniture & fixtures - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

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.

POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 11,300
AMORTISATION
At 1 April 2023 6,780
Charge for year 1,130
At 31 March 2024 7,910
NET BOOK VALUE
At 31 March 2024 3,390
At 31 March 2023 4,520

POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant,
equipment Furniture Motor Office
& tools & fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 15,356 2,658 259,930 4,040 281,984
Additions 2,096 180 70,183 1,400 73,859
Disposals - - (28,000 ) - (28,000 )
At 31 March 2024 17,452 2,838 302,113 5,440 327,843
DEPRECIATION
At 1 April 2023 8,595 1,211 132,693 2,454 144,953
Charge for year 2,220 410 33,883 748 37,261
Eliminated on disposal - - (18,642 ) - (18,642 )
At 31 March 2024 10,815 1,621 147,934 3,202 163,572
NET BOOK VALUE
At 31 March 2024 6,637 1,217 154,179 2,238 164,271
At 31 March 2023 6,761 1,447 127,237 1,586 137,031

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 31,930
Additions 35,390
At 31 March 2024 67,320
DEPRECIATION
At 1 April 2023 10,477
Charge for year 9,049
At 31 March 2024 19,526
NET BOOK VALUE
At 31 March 2024 47,794
At 31 March 2023 21,453

6. STOCKS
2024 2023
£    £   
Stocks 4,946 4,694

POLLARD & CO (BUILDERS) LTD (REGISTERED NUMBER: 10635461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,574 110,667
Amounts recoverable on contract 45,500 30,840
Prepayments & accrued income 11,027 9,980
168,101 151,487

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,745 31,368
Hire purchase contracts 11,111 5,813
Trade creditors 86,283 93,214
Corporation tax 34,912 22,098
Social security & other taxes 15,372 11,319
VAT 59,679 39,282
Other creditors 2,482 798
Director's current account 268,061 283,921
Accrued expenses 7,728 20,655
535,373 508,468

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,882 3,938

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200