Registered number
06777368
PCP CLADDING LIMITED
Unaudited Filleted Accounts
31 March 2024
PCP CLADDING LIMITED
Registered number: 06777368
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,227 52,412
Current assets
Stocks 94,987 68,888
Debtors 4 464,339 484,559
Cash at bank and in hand 334,157 367,161
893,483 920,608
Creditors: amounts falling due within one year 5 (519,890) (648,622)
Net current assets 373,593 271,986
Total assets less current liabilities 446,820 324,398
Creditors: amounts falling due after more than one year 6 (31,232) (21,369)
Provisions for liabilities (18,300) (10,000)
Net assets 397,288 293,029
Capital and reserves
Called up share capital 100 100
Profit and loss account 397,188 292,929
Shareholders' funds 397,288 293,029
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R W Clarke R M Shadforth
Director
Approved by the board on 17 September 2024
PCP CLADDING LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 15-25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 10,563 99,159 109,722
Additions - 52,203 52,203
Disposals - (29,410) (29,410)
At 31 March 2024 10,563 121,952 132,515
Depreciation
At 1 April 2023 4,755 52,555 57,310
Charge for the year 1,452 22,957 24,409
On disposals - (22,431) (22,431)
At 31 March 2024 6,207 53,081 59,288
Net book value
At 31 March 2024 4,356 68,871 73,227
At 31 March 2023 5,808 46,604 52,412
4 Debtors 2024 2023
£ £
Trade debtors 369,549 453,538
Other debtors 94,790 31,021
464,339 484,559
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 31,023 13,496
Trade creditors 390,178 540,718
Taxation and social security costs 83,883 83,562
Other creditors 14,806 10,846
519,890 648,622
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 31,232 21,369
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 62,255 34,865
The hire purchase creditor is secured over the assets to which they relate.
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R W Clarke
Interest free loan with no repayment terms - 33,000 - 33,000
R M Shadforth
Interest free loan with no repayment terms - 33,000 - 33,000
- 66,000 - 66,000
9 Controlling party
At 31 March 2024 there was no controlling party.

On 1 May 2024 the company became a wholly owned subsidiary of Corp Bidco 241 Limited, a company registered in England and Wales.

The ultimate parent company is Orange UK Holdings Limited, registered in England and Wales at CorpAcq House, 1 Goose Green, Altrincham, Cheshire, WA14 1DW.

The smallest group in which the result of the company will be consolidated is that headed by CorpAcq Limited. The largest group in which the result of the company wil be consolidated is that headed by Orange UK Holdings Limited. The consolidated financial statements of both are available to the public and may be obtained from CorpAcq Limited at CorpAcq House, 1 Goose Green, Altrincham, Cheshire, WA14 1DW.

The directors consider that by virtue of his shareholding in the ultimate parent company, the ultimate controlling party is Mr S Orange.
10 Other information
PCP CLADDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
The Gate House
Fernhurst Business Park
Fernhurst, Haslemere
Surrey
GU27 2HB
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