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REGISTERED NUMBER: 04833865 (England and Wales)















P & E Contract Services Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






P & E Contract Services Limited (Registered number: 04833865)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & E Contract Services Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr Pedro Edison Panchi Guanoluisa





SECRETARY: Ms Erika Lorena Altuna De Diaz





REGISTERED OFFICE: 33 Kempshott Road
Streatham
London
SW16 5LG





REGISTERED NUMBER: 04833865 (England and Wales)

P & E Contract Services Limited (Registered number: 04833865)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,813 248,836

CURRENT ASSETS
Debtors 5 59,005 54,736
Cash at bank 37,081 8,557
96,086 63,293
CREDITORS
Amounts falling due within one year 6 106,837 95,737
NET CURRENT LIABILITIES (10,751 ) (32,444 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,062

216,392

CREDITORS
Amounts falling due after more than one
year

7

114,511

123,694
NET ASSETS 121,551 92,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,451 92,598
SHAREHOLDERS' FUNDS 121,551 92,698

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

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

P & E Contract Services Limited (Registered number: 04833865)

Balance Sheet - continued
30 November 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 20 August 2024 and were signed by:





Mr Pedro Edison Panchi Guanoluisa - Director


P & E Contract Services Limited (Registered number: 04833865)

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

1. STATUTORY INFORMATION

P & E Contract Services Limited 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 represents amounts receivable for the services provided to the customers during the accounting period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 25% on cost
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 30 ) .

P & E Contract Services Limited (Registered number: 04833865)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 295,769 8,536 304,305
Additions - 1,749 1,749
Disposals - (1,383 ) (1,383 )
At 30 November 2023 295,769 8,902 304,671
DEPRECIATION
At 1 December 2022 47,313 8,156 55,469
Charge for year 2,957 815 3,772
Eliminated on disposal - (1,383 ) (1,383 )
At 30 November 2023 50,270 7,588 57,858
NET BOOK VALUE
At 30 November 2023 245,499 1,314 246,813
At 30 November 2022 248,456 380 248,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 59,005 54,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 6,330 10,000
Taxation and social security 49,273 31,963
Other creditors 51,234 53,774
106,837 95,737

Other creditors includes mortgage repayment of £10745 (2022: £14100). Bank over draft represents Bounce Back loan due within one year at interest rate of 2.5% pa.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 24,010 26,667
Other creditors 90,501 97,027
114,511 123,694

Amounts falling due in more than five years:

Repayable by instalments
Mortgage due over five years 31,385 40,976

P & E Contract Services Limited (Registered number: 04833865)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Bank loan represents Bounce Back loan repayable over 2-5 years at interest rate of 2.5% pa.

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other loans 90,501 97,027
Mortgage due less than 1 year 10,755 14,099
101,256 111,126

The debt is secured over the freehold property held by the Company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the Balance Sheet date the director was owed £36,533 (2022: £34,910) which is included with Other Creditors due within one year.