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REGISTERED NUMBER: 13309889 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pursey Constructions Ltd

Pursey Constructions Ltd (Registered number: 13309889)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pursey Constructions Ltd

Company Information
for the year ended 31 March 2024







Director: H J Pursey





Registered office: 2 Station Road Clydach
Abergavenny
Monmouthshire
NP7 0LP





Registered number: 13309889 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Pursey Constructions Ltd (Registered number: 13309889)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 56,474 46,976

CURRENT ASSETS
Stocks 7,961 450
Debtors 5 30,500 7,903
Cash at bank 29,137 54,528
67,598 62,881
CREDITORS
Amounts falling due within one year 6 (22,101 ) (22,378 )
NET CURRENT ASSETS 45,497 40,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,971

87,479

CREDITORS
Amounts falling due after more than one
year

7

(67,973

)

(61,032

)

PROVISIONS FOR LIABILITIES (10,730 ) (8,925 )
NET ASSETS 23,268 17,522

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 23,168 17,422
SHAREHOLDERS' FUNDS 23,268 17,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pursey Constructions Ltd (Registered number: 13309889)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





H J Pursey - Director


Pursey Constructions Ltd (Registered number: 13309889)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Pursey Constructions 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, 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pursey Constructions Ltd (Registered number: 13309889)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023 69,089
Additions 32,957
At 31 March 2024 102,046
Depreciation
At 1 April 2023 22,113
Charge for year 23,459
At 31 March 2024 45,572
Net book value
At 31 March 2024 56,474
At 31 March 2023 46,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,790 1,512
Other debtors 16,710 6,391
30,500 7,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,606 7,690
Trade creditors - 3,175
Taxation and social security 3,142 7,308
Other creditors 6,353 4,205
22,101 22,378

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 30,136 22,585
Other creditors 37,837 38,447
67,973 61,032

Pursey Constructions Ltd (Registered number: 13309889)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. CALLED UP SHARE CAPITAL

2022
Ordinary A 51
Ordinary B 25
Ordinary C 12
Ordinary D 12
100