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REGISTERED NUMBER: 07337474 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Rickson
L Rickson
G Rickson





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 07337474 (England and Wales)





AUDITORS: Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 663,159 721,768
Investments 5 263,120 263,120
926,279 984,888

CURRENT ASSETS
Stocks 1,184,262 1,136,892
Debtors 6 3,320,467 2,489,605
Cash at bank 926,004 1,091,623
5,430,733 4,718,120
CREDITORS
Amounts falling due within one year 7 (2,074,925 ) (1,682,273 )
NET CURRENT ASSETS 3,355,808 3,035,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,282,087

4,020,735

CREDITORS
Amounts falling due after more than one
year

8

(804,729

)

(500,429

)

PROVISIONS FOR LIABILITIES (80,573 ) (106,033 )
NET ASSETS 3,396,785 3,414,273

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 3,395,785 3,413,273
SHAREHOLDERS' FUNDS 3,396,785 3,414,273

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





L Rickson - Director


PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pgl Brickwork + Scaffolding 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. 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 is measured at the fair value of the consideration received or receivable and represents
amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are
recognised as an expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is
expensed immediately, with a corresponding provision for an onerous contract being recognised.

Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.

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.
Short leasehold - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 11,369 109,472 19,697
Additions - 30,611 4,143
Disposals - (19,218 ) -
At 31 December 2023 11,369 120,865 23,840
DEPRECIATION
At 1 January 2023 6,822 32,394 5,651
Charge for year 2,273 13,178 3,411
At 31 December 2023 9,095 45,572 9,062
NET BOOK VALUE
At 31 December 2023 2,274 75,293 14,778
At 31 December 2022 4,547 77,078 14,046

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 1,004,724 11,014 1,156,276
Additions 117,235 874 152,863
Disposals - - (19,218 )
At 31 December 2023 1,121,959 11,888 1,289,921
DEPRECIATION
At 1 January 2023 383,527 6,114 434,508
Charge for year 170,511 2,881 192,254
At 31 December 2023 554,038 8,995 626,762
NET BOOK VALUE
At 31 December 2023 567,921 2,893 663,159
At 31 December 2022 621,197 4,900 721,768

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 689,458
DEPRECIATION
At 1 January 2023 264,875
Charge for year 115,942
At 31 December 2023 380,817
NET BOOK VALUE
At 31 December 2023 308,641
At 31 December 2022 424,583

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 263,120
NET BOOK VALUE
At 31 December 2023 263,120
At 31 December 2022 263,120

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,174,936 1,405,153
Amounts owed by associates 1,954,716 961,044
Other debtors 190,815 123,408
3,320,467 2,489,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 206,825 80,000
Hire purchase contracts 295,947 174,509
Trade creditors 791,110 654,244
Amounts owed to group undertakings 109,987 178,434
Taxation and social security 599,865 498,717
Other creditors 71,191 96,369
2,074,925 1,682,273

PGL BRICKWORK + SCAFFOLDING CONTRACTORS
LTD (REGISTERED NUMBER: 07337474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 379,456 220,000
Hire purchase contracts 425,273 280,429
804,729 500,429

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
510 Ordinary A £1 510 510
245 Ordinary B £1 245 245
245 Ordinary C £1 245 245
1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Harris (Senior statutory auditor)
for and on behalf of Watson Associates (Audit Services) Ltd

11. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £109,972 (2022: £178,434) was owed to PGL Holdings Limited, the parent company.

A balance of £1,954,716 (2022: £961,044) was due from AGL Scaffold Limited, which is owned 50% by the company.