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REGISTERED NUMBER: 04700938 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)






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


P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Paul Stephen Armstrong





REGISTERED OFFICE: Unit 3 Engine Shed Lane
Skipton
North Yorkshire
BD23 1UP





REGISTERED NUMBER: 04700938 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,363 24,307

CURRENT ASSETS
Stocks 172,304 353,359
Debtors 5 86,690 52,094
Cash at bank and in hand 660,764 407,350
919,758 812,803
CREDITORS
Amounts falling due within one year 6 203,243 269,599
NET CURRENT ASSETS 716,515 543,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

790,878

567,511

CREDITORS
Amounts falling due after more than
one year

7

-

(624

)

PROVISIONS FOR LIABILITIES (18,591 ) (4,618 )
NET ASSETS 772,287 562,269

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 772,187 562,169
772,287 562,269

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.

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)

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 6 September 2024 and were signed by:





Paul Stephen Armstrong - Director


P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

P.S. Armstrong Building & Plastering 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, 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 reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

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

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.

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

HIRE PURCHASE CONTRACTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 79,915 66,925 1,426 148,266
Additions 24,950 34,700 - 59,650
Disposals (12,500 ) - - (12,500 )
At 31 March 2024 92,365 101,625 1,426 195,416
DEPRECIATION
At 1 April 2023 65,345 57,188 1,426 123,959
Charge for year 6,632 2,435 - 9,067
Eliminated on disposal (11,973 ) - - (11,973 )
At 31 March 2024 60,004 59,623 1,426 121,053
NET BOOK VALUE
At 31 March 2024 32,361 42,002 - 74,363
At 31 March 2023 14,570 9,737 - 24,307

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,815 14,390
Other debtors 2,875 37,704
86,690 52,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 624 3,638
Trade creditors 61,974 108,192
Taxation and social security 86,522 73,114
Other creditors 54,123 84,655
203,243 269,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 624

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 624 3,638
Between one and five years - 624
624 4,262

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 624 4,262

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

P.S. ARMSTRONG BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 04700938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £2,555 (2023: £2,909).