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REGISTERED NUMBER: 04624291 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

P.K. Construction (Lincs) Limited

P.K. Construction (Lincs) Limited (Registered number: 04624291)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.K. Construction (Lincs) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A P Knowles
L Gaughan
C W Gaughan





REGISTERED OFFICE: Unit 2, East Riverside
Immingham Docks
Immingham
North East Lincs
DN40 2LZ





REGISTERED NUMBER: 04624291 (England and Wales)






P.K. Construction (Lincs) Limited (Registered number: 04624291)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 538,341 461,581

CURRENT ASSETS
Stocks 104,195 107,702
Debtors 5 862,474 969,736
Cash at bank and in hand 990,491 673,300
1,957,160 1,750,738
CREDITORS
Amounts falling due within one year 6 989,132 781,032
NET CURRENT ASSETS 968,028 969,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,506,369

1,431,287

CREDITORS
Amounts falling due after more than one
year

7

(44,081

)

(74,715

)

PROVISIONS FOR LIABILITIES (88,631 ) (84,709 )
NET ASSETS 1,373,657 1,271,863

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Capital redemption reserve 400 400
Retained earnings 1,372,057 1,270,263
SHAREHOLDERS' FUNDS 1,373,657 1,271,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

P.K. Construction (Lincs) Limited (Registered number: 04624291)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





L Gaughan - Director


P.K. Construction (Lincs) Limited (Registered number: 04624291)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

P.K. Construction (Lincs) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of the purchase on a first in, first out basis.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 30 ) .

P.K. Construction (Lincs) Limited (Registered number: 04624291)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 855,255
Additions 254,221
Disposals (122,455 )
At 31 January 2024 987,021
DEPRECIATION
At 1 February 2023 393,674
Charge for year 129,849
Eliminated on disposal (74,843 )
At 31 January 2024 448,680
NET BOOK VALUE
At 31 January 2024 538,341
At 31 January 2023 461,581

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

Plant and
machinery
etc
£   
COST
At 1 February 2023 261,398
Additions 87,000
Transfer to ownership (69,000 )
At 31 January 2024 279,398
DEPRECIATION
At 1 February 2023 90,129
Charge for year 35,544
Transfer to ownership (31,951 )
At 31 January 2024 93,722
NET BOOK VALUE
At 31 January 2024 185,676
At 31 January 2023 171,269

P.K. Construction (Lincs) Limited (Registered number: 04624291)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 703,230 939,576
Other debtors 159,244 30,160
862,474 969,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 52,114 46,364
Trade creditors 280,946 407,496
Taxation and social security 359,779 132,013
Other creditors 296,293 195,159
989,132 781,032

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 44,081 74,715

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 96,195 121,079

The assets on HP are secured on the asset of which the HP relates to.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.