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REGISTERED NUMBER: 11769758 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Pestridge Construction Ltd

Pestridge Construction Ltd (Registered number: 11769758)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pestridge Construction Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M G Pestridge
Mrs S Scrivens-Pestridge



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 11769758 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
21 Eastgate Street
Gloucester
GL1 1NH

Pestridge Construction Ltd (Registered number: 11769758)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,000
Tangible assets 5 80,168 42,922
90,168 54,922

CURRENT ASSETS
Stocks 11,435 -
Debtors 6 8,269 698
Cash at bank and in hand 2,312 11,917
22,016 12,615
CREDITORS
Amounts falling due within one year 7 63,921 52,588
NET CURRENT LIABILITIES (41,905 ) (39,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,263

14,949

CREDITORS
Amounts falling due after more than one
year

8

41,341

13,997
NET ASSETS 6,922 952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,822 852
SHAREHOLDERS' FUNDS 6,922 952

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.

Pestridge Construction Ltd (Registered number: 11769758)

Statement of Financial Position - 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.

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 30 October 2024 and were signed on its behalf by:




M G Pestridge - Director



Mrs S Scrivens-Pestridge - Director


Pestridge Construction Ltd (Registered number: 11769758)

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


1. STATUTORY INFORMATION

Pestridge Construction 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 33% 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 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 statement of financial position date.

Pestridge Construction Ltd (Registered number: 11769758)

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


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
Despite net current liabilities of £41,905 (2023 - £39,973) at 31 January 2024, the accounts have been prepared on a going concern basis.

The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 February 2023
and 31 January 2024 20,000
Amortisation
At 1 February 2023 8,000
Charge for year 2,000
At 31 January 2024 10,000
Net book value
At 31 January 2024 10,000
At 31 January 2023 12,000

Pestridge Construction Ltd (Registered number: 11769758)

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


5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 February 2023 58,574 7,474 66,048
Additions 51,530 - 51,530
Reclassification/transfer (47,500 ) - (47,500 )
At 31 January 2024 62,604 7,474 70,078
Depreciation
At 1 February 2023 15,713 7,413 23,126
Charge for year 14,253 31 14,284
Reclassification/transfer (47,500 ) - (47,500 )
At 31 January 2024 (17,534 ) 7,444 (10,090 )
Net book value
At 31 January 2024 80,138 30 80,168
At 31 January 2023 42,861 61 42,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
Additions 49,841
At 31 January 2024 49,841
Depreciation
Charge for year 12,764
Reclassification/transfer (38,594 )
At 31 January 2024 (25,830 )
Net book value
At 31 January 2024 75,671

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 1,422 -
Other debtors 6,847 698
8,269 698

Pestridge Construction Ltd (Registered number: 11769758)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts (see note 9) 11,756 4,559
Trade creditors 1,643 4,612
Taxation and social security 1,085 3,401
Other creditors 49,437 40,016
63,921 52,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts (see note 9) 41,341 13,997

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/1/24 31/1/23
£    £   
Gross obligations repayable:
Within one year 11,756 4,559

Finance charges repayable:
Between one and five years (41,341 ) (13,997 )

Net obligations repayable:
Within one year 11,756 4,559
Between one and five years 41,341 13,997
53,097 18,556

Non-cancellable operating leases
31/1/24 31/1/23
£    £   
Within one year - 1,400

10. RELATED PARTY DISCLOSURES

M G Pestridge & Mrs S Scrivens-Pestridge
Directors

The directors have loaned funds to the company. At 31 January 2024 the directors were owed £40,826 (2023 - £32,388). The unsecured loan, included within other creditors, is interest free and has no fixed repayment terms.