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REGISTERED NUMBER: 02986767 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PFB CONSTRUCTION MANAGEMENT SERVICES LTD

PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PFB CONSTRUCTION MANAGEMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M J Errington
K Hill
B E Ringer
R Udall





SECRETARY: B E Ringer





REGISTERED OFFICE: Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH





REGISTERED NUMBER: 02986767 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,078 3,944
Investment property 5 370,000 315,000
372,078 318,944

CURRENT ASSETS
Debtors 6 316,783 338,035
Cash at bank and in hand 192,314 274,823
509,097 612,858
CREDITORS
Amounts falling due within one year 7 53,430 27,012
NET CURRENT ASSETS 455,667 585,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,745

904,790

PROVISIONS FOR LIABILITIES 179 677
NET ASSETS 827,566 904,113

CAPITAL AND RESERVES
Called up share capital 38,625 51,250
Revaluation reserve 8 167,608 112,608
Capital redemption reserve 70,000 70,000
Retained earnings 551,333 670,255
827,566 904,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)

BALANCE SHEET - continued
30 JUNE 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 October 2024 and were signed on its behalf by:





K Hill - Director


PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

PFB Construction Management Services 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.

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 as modified by the revaluation of certain assets.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

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

The following criteria must also be met before revenue is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% reducing balance
Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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
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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 87,948 109,915 197,863
DEPRECIATION
At 1 July 2023 85,351 108,568 193,919
Charge for year 519 1,347 1,866
At 30 June 2024 85,870 109,915 195,785
NET BOOK VALUE
At 30 June 2024 2,078 - 2,078
At 30 June 2023 2,597 1,347 3,944

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 315,000
Revaluations 55,000
At 30 June 2024 370,000
NET BOOK VALUE
At 30 June 2024 370,000
At 30 June 2023 315,000

The property was revalued by the directors at 30 June 2024.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 90,899 93,849
Other debtors 28,136 34,438
119,035 128,287

Amounts falling due after more than one year:
Other debtors 197,748 209,748

Aggregate amounts 316,783 338,035

PFB CONSTRUCTION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02986767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,989 3,871
Taxation and social security 9,477 17,503
Other creditors 5,964 5,638
53,430 27,012

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023 112,608
Realised gain transfer 55,000

At 30 June 2024 167,608

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
K Hill
Balance outstanding at start of year - 15,379
Amounts repaid - (15,379 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.