PENYGROES CONCRETE PRODUCTS LIMITED

Company Registration Number:
01397918 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

PENYGROES CONCRETE PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

PENYGROES CONCRETE PRODUCTS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,423,385 1,112,214
Total fixed assets: 1,423,385 1,112,214
Current assets
Stocks: 321,252 193,810
Debtors:   448,631 756,364
Cash at bank and in hand: 410,105 379,302
Total current assets: 1,179,988 1,329,476
Creditors: amounts falling due within one year:   (443,819) (477,075)
Net current assets (liabilities): 736,169 852,401
Total assets less current liabilities: 2,159,554 1,964,615
Creditors: amounts falling due after more than one year:   (86,563) (87,603)
Total net assets (liabilities): 2,072,991 1,877,012
Capital and reserves
Called up share capital: 22,212 22,212
Profit and loss account: 2,050,779 1,854,800
Shareholders funds: 2,072,991 1,877,012

The notes form part of these financial statements

PENYGROES CONCRETE PRODUCTS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Mr RL Williams
Status: Director

The notes form part of these financial statements

PENYGROES CONCRETE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and machinery - 5% per annum on cost. Computer equipment - 25% per annum on cost. Motor vehicles - 10% per annum on cost. Trailers - 6.667% per annum on cost.

Other accounting policies

Inventories. Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Hire purchase and leasing commitments Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

PENYGROES CONCRETE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 15 16

PENYGROES CONCRETE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 2,233,494
Additions 432,459
At 30 November 2023 2,665,953
Depreciation
At 01 December 2022 1,121,280
Charge for year 121,288
At 30 November 2023 1,242,568
Net book value
At 30 November 2023 1,423,385
At 30 November 2022 1,112,214

PENYGROES CONCRETE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Loans to directors

Name of director receiving advance or credit: Mr RL Williams
Description of the loan: During the year the company made advances to the directors. These advances have been treated as a single loan. Interest has not been charged on the overdrawn loan in this or the previous year.
£
Balance at 01 December 2022 3,465
Balance at 30 November 2023 3,465