P&G Bricklaying Limited NI641109 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Bricklaying Digita Accounts Production Advanced 6.30.9574.0 true true NI641109 2023-04-01 2024-03-31 NI641109 2024-03-31 NI641109 bus:Director1 1 2024-03-31 NI641109 core:CurrentFinancialInstruments 2024-03-31 NI641109 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI641109 core:FurnitureFittingsToolsEquipment 2024-03-31 NI641109 core:MotorVehicles 2024-03-31 NI641109 core:OtherPropertyPlantEquipment 2024-03-31 NI641109 bus:SmallEntities 2023-04-01 2024-03-31 NI641109 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI641109 bus:FilletedAccounts 2023-04-01 2024-03-31 NI641109 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI641109 bus:RegisteredOffice 2023-04-01 2024-03-31 NI641109 bus:Director1 2023-04-01 2024-03-31 NI641109 bus:Director1 1 2023-04-01 2024-03-31 NI641109 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI641109 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI641109 core:MotorVehicles 2023-04-01 2024-03-31 NI641109 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 NI641109 countries:AllCountries 2023-04-01 2024-03-31 NI641109 2023-03-31 NI641109 bus:Director1 1 2023-03-31 NI641109 core:FurnitureFittingsToolsEquipment 2023-03-31 NI641109 core:MotorVehicles 2023-03-31 NI641109 core:OtherPropertyPlantEquipment 2023-03-31 NI641109 2022-04-01 2023-03-31 NI641109 2023-03-31 NI641109 bus:Director1 1 2023-03-31 NI641109 core:CurrentFinancialInstruments 2023-03-31 NI641109 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 NI641109 core:FurnitureFittingsToolsEquipment 2023-03-31 NI641109 core:MotorVehicles 2023-03-31 NI641109 core:OtherPropertyPlantEquipment 2023-03-31 NI641109 bus:Director1 1 2022-04-01 2023-03-31 NI641109 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: NI641109

P&G Bricklaying Limited

Filleted Financial Statements

for the Year Ended 31 March 2024

 

P&G Bricklaying Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

P&G Bricklaying Limited

Company Information

Director

Paul Megahey

Registered office

7 Pegasus Walk
Downpatrick
Co Down
BT30 6QJ

 

P&G Bricklaying Limited

(Registration number: NI641109)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,602

10,960

Current assets

 

Debtors

5

10,072

13,002

Cash at bank and in hand

 

18,019

3,003

 

28,091

16,005

Creditors: Amounts falling due within one year

6

(6,423)

(9,637)

Net current assets

 

21,668

6,368

Net assets

 

29,270

17,328

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

29,268

17,326

Shareholders' funds

 

29,270

17,328

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2024
 

.........................................
Paul Megahey
Director

 

P&G Bricklaying Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland .

The address of its registered office is:
7 Pegasus Walk
Downpatrick
Co Down
BT30 6QJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

P&G Bricklaying Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

P&G Bricklaying Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

P&G Bricklaying Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

-

11,000

2,700

13,700

Additions

1,415

(2,999)

126

(1,458)

At 31 March 2024

1,415

8,001

2,826

12,242

Depreciation

At 1 April 2023

-

2,200

540

2,740

Charge for the year

283

1,160

457

1,900

At 31 March 2024

283

3,360

997

4,640

Carrying amount

At 31 March 2024

1,132

4,641

1,829

7,602

At 31 March 2023

-

8,800

2,160

10,960

5

Debtors

2024
£

2023
£

Trade debtors

10,072

13,002

10,072

13,002

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

93

1,024

Taxation and social security

 

4,354

7,363

Accruals and deferred income

 

1,976

1,250

 

6,423

9,637

 

P&G Bricklaying Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

93

1,024

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Repayments to director
£

At 31 March 2024
£

Paul Megahey

Director's Loan Account

1,024

(931)

93

       
     

 

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Paul Megahey

Director's Loan Account

2,761

(1,737)

1,024

       
     

 

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2