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REGISTERED NUMBER: 02781058 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Pelham Structures Limited

Pelham Structures Limited (Registered number: 02781058)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pelham Structures Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: W I Bampton
Mrs I H G Bampton
Mrs K E C Singleton
S A W Bampton





SECRETARY: Mrs I H G Bampton





REGISTERED OFFICE: Want Cottage
Langley Upper Green
Saffron Walden
Essex
CB11 4RU





REGISTERED NUMBER: 02781058 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Pelham Structures Limited (Registered number: 02781058)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,006 507,633
Investments 5 2 2
447,008 507,635

CURRENT ASSETS
Stocks 10,697,852 5,899,066
Debtors 583,209 1,004,758
Cash at bank 8,211 42,791
11,289,272 6,946,615
CREDITORS
Amounts falling due within one year 6,153,345 1,395,825
NET CURRENT ASSETS 5,135,927 5,550,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,582,935

6,058,425

CREDITORS
Amounts falling due after more than one
year

(1,793,195

)

(2,449,899

)

PROVISIONS FOR LIABILITIES (111,751 ) (126,908 )
NET ASSETS 3,677,989 3,481,618

CAPITAL AND RESERVES
Called up share capital 8 502 502
Retained earnings 3,677,487 3,481,116
SHAREHOLDERS' FUNDS 3,677,989 3,481,618

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Pelham Structures Limited (Registered number: 02781058)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





W I Bampton - Director


Pelham Structures Limited (Registered number: 02781058)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Pelham Structures Limited 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.

Development sales are recognised on exchange of unconditional contracts and profit is recognised in the accounts at that time.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Property in the course of development is valued at the lower of direct costs and net realisable value. Direct costs comprise the cost of land, raw materials and development costs but exclude overheads and interest.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pelham Structures Limited (Registered number: 02781058)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Amounts recoverable on contracts
Amounts recoverable on long-term contracts, which are included in debtors, are stated at the net sales value of the work done. Turnover represents the value of the work performed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 1,453,529
Additions 133,253
Disposals (188,613 )
At 31 January 2024 1,398,169
DEPRECIATION
At 1 February 2023 945,896
Charge for year 191,778
Eliminated on disposal (186,511 )
At 31 January 2024 951,163
NET BOOK VALUE
At 31 January 2024 447,006
At 31 January 2023 507,633

Pelham Structures Limited (Registered number: 02781058)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023 709,391
Additions 81,995
At 31 January 2024 791,386
DEPRECIATION
At 1 February 2023 291,605
Charge for year 155,864
At 31 January 2024 447,469
NET BOOK VALUE
At 31 January 2024 343,917
At 31 January 2023 417,786

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

The fixed asset investment represents the company's ownership of it's subsidiary - West Whittle Properties Limited.

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 162,363 161,838
Between one and five years 135,271 243,333
297,634 405,171

Pelham Structures Limited (Registered number: 02781058)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 40,321 -
Between one and five years 30,096 -
70,417 -

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdrafts 157,507 141,022
Bank loans 4,184,728 640,074
CBIL Hire purchase loans 197,091 304,616
4,539,326 1,085,712

The company has government backed hire purchase loans in light of the Covid 19 pandemic. The hire purchase loans are secured by the government over a 5 year period. The loans are repayable by instalments and interest is charged at 1.22% flat rate over the life of the loans .

Obligations under hire purchase contracts are secured on the assets to which they relate. Bank loans and overdrafts are secured on fixed and floating charges over the company's assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
452 Ordinary £1 452 452
25 A Ordinary £1 25 25
25 B Ordinary £1 25 25
502 502