1 April 2023 false No description of principal activity Taxfiler 2024.5 NI620310business:PrivateLimitedCompanyLtd2023-04-012024-03-31 NI6203102023-03-31 NI6203102023-04-012024-03-31 NI620310business:AuditExemptWithAccountantsReport2023-04-012024-03-31 NI620310business:FilletedAccounts2023-04-012024-03-31 NI6203102024-03-31 NI6203102023-03-31 NI620310core:WithinOneYear2024-03-31 NI620310core:WithinOneYear2023-03-31 NI620310core:AfterOneYear2024-03-31 NI620310core:AfterOneYear2023-03-31 NI620310core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 NI620310core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 NI620310core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 NI620310core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 NI620310core:PreviouslyStatedAmount2024-03-31 NI620310core:PreviouslyStatedAmount2023-03-31 NI620310business:SmallEntities2023-04-012024-03-31 NI620310business:Director12023-04-012024-03-31 NI620310countries:NorthernIreland2023-04-012024-03-31 NI620310business:RegisteredOffice2023-04-012024-03-31 NI620310core:PlantMachinery2023-04-012024-03-31 NI620310core:FurnitureFittings2023-04-012024-03-31 NI620310core:PlantMachinery2023-03-31 NI620310core:FurnitureFittings2023-03-31 NI620310core:PlantMachinery2024-03-31 NI620310core:FurnitureFittings2024-03-31 NI6203102022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. NI620310 (Northern Ireland)
PC Plant & Construction LTD Unaudited accounts for the year ended 31 March 2024
PC Plant & Construction LTD Unaudited accounts Contents
Page
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PC Plant & Construction LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
740,901 
858,022 
Current assets
Inventories
1,171,265 
1,356,462 
Debtors
754,621 
927,747 
Cash at bank and in hand
567,674 
200,788 
2,493,560 
2,484,997 
Creditors: amounts falling due within one year
(729,191)
(780,935)
Net current assets
1,764,369 
1,704,062 
Total assets less current liabilities
2,505,270 
2,562,084 
Creditors: amounts falling due after more than one year
(85,117)
(153,035)
Provisions for liabilities
Deferred tax
(100,152)
(161,445)
Net assets
2,320,001 
2,247,604 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,319,901 
2,247,504 
Shareholders' funds
2,320,001 
2,247,604 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Padraig Cunningham Director Company Registration No. NI620310
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PC Plant & Construction LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PC Plant & Construction LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI620310. The registered office is 3 BURRENHILL, BURREN, WARRENPOINT, DOWN, BT34 3RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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PC Plant & Construction LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,812,145 
7,006 
1,819,151 
Additions
79,058 
- 
79,058 
Disposals
(100,500)
- 
(100,500)
At 31 March 2024
1,790,703 
7,006 
1,797,709 
Depreciation
At 1 April 2023
955,273 
5,856 
961,129 
Charge for the year
167,086 
230 
167,316 
On disposals
(71,637)
- 
(71,637)
At 31 March 2024
1,050,722 
6,086 
1,056,808 
Net book value
At 31 March 2024
739,981 
920 
740,901 
At 31 March 2023
856,872 
1,150 
858,022 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
28,741 
78,537 
Trade debtors
177,466 
101,091 
Accrued income and prepayments
33,157 
- 
Other debtors
515,257 
748,119 
754,621 
927,747 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,633 
10,633 
Obligations under finance leases and hire purchase contracts
27,344 
57,884 
Trade creditors
293,032 
308,870 
Taxes and social security
73,094 
32,990 
Loans from directors
321,888 
345,958 
Accruals
3,200 
24,600 
729,191 
780,935 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,784 
21,707 
Obligations under finance leases and hire purchase contracts
6,584 
31,328 
Other creditors
65,749 
100,000 
85,117 
153,035 
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PC Plant & Construction LTD Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 6 (2023: 11).
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