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REGISTERED NUMBER: 12310740 (England and Wales)















Park View Building Contractors Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023






Park View Building Contractors Ltd (Registered number: 12310740)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 5


Park View Building Contractors Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J Gray
P E Jones



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 12310740 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: HSBC Bank plc
149 Whiteladies Road
Clifton
Bristol
BS8 2RR

Park View Building Contractors Ltd (Registered number: 12310740)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 70,877 32,287

CURRENT ASSETS
Debtors 40,969 16,183
Cash at bank 3,478 9,712
44,447 25,895
CREDITORS
Amounts falling due within one year 38,353 33,030
NET CURRENT ASSETS/(LIABILITIES) 6,094 (7,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,971

25,152

CREDITORS
Amounts falling due after more than one year (65,344 ) (42,753 )

PROVISIONS FOR LIABILITIES (2,205 ) -
NET ASSETS/(LIABILITIES) 9,422 (17,601 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 9,222 (17,801 )
SHAREHOLDERS' FUNDS 9,422 (17,601 )

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 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.

Park View Building Contractors Ltd (Registered number: 12310740)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

Park View Building Contractors Ltd (Registered number: 12310740)

Abridged Statement of Financial Position - continued
30 November 2023



The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J Gray - Director


Park View Building Contractors Ltd (Registered number: 12310740)

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

1. STATUTORY INFORMATION

Park View Building Contractors 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors and bankers.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and machinery etc - 33% on cost and 10% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Park View Building Contractors Ltd (Registered number: 12310740)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 36,253
Additions 81,427
Disposals (35,875 )
At 30 November 2023 81,805
DEPRECIATION
At 1 December 2022 3,966
Charge for year 10,550
Eliminated on disposal (3,588 )
At 30 November 2023 10,928
NET BOOK VALUE
At 30 November 2023 70,877
At 30 November 2022 32,287

Park View Building Contractors Ltd (Registered number: 12310740)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 December 2022 35,875
Additions 65,860
Disposals (35,875 )
At 30 November 2023 65,860
DEPRECIATION
At 1 December 2022 3,588
Charge for year 6,586
Eliminated on disposal (3,588 )
At 30 November 2023 6,586
NET BOOK VALUE
At 30 November 2023 59,274
At 30 November 2022 32,287

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 15,471 21,000
Hire purchase contracts and finance leases 69,102 31,820
84,573 52,820

The bank loan is a government secured bounce back loan

The finance lease liability is secured against the specific asset financed.