2023-04-012024-03-312024-03-31falseNI643286PB PAVING CONTRACTS 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PB PAVING CONTRACTS LIMITED

Registered Number
NI643286
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 March 2024

PB PAVING CONTRACTS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Paul Boone
Wilma Boone

Registered Address

29 Coolnasillagh Lane
Draperstown
Magherafelt
BT45 7EH

Registered Number

NI643286 (Northern Ireland)
PB PAVING CONTRACTS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4283,440140,539
283,440140,539
Current assets
Debtors158,06586,948
Cash at bank and on hand62,01757,918
220,082144,866
Creditors amounts falling due within one year(142,936)(103,775)
Net current assets (liabilities)77,14641,091
Total assets less current liabilities360,586181,630
Creditors amounts falling due after one year(66,954)(39,234)
Net assets293,632142,396
Capital and reserves
Called up share capital300300
Share premium68,46968,469
Profit and loss account224,86373,627
Shareholders' funds293,632142,396
The financial statements were approved and authorised for issue by the Board of Directors on 4 November 2024, and are signed on its behalf by:
Paul Boone
Director
Wilma Boone
Director

Registered Company No. NI643286
PB PAVING CONTRACTS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Office Equipment15
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year149
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2322,00022,000
At 31 March 2422,00022,000
Amortisation and impairment
At 01 April 2322,00022,000
At 31 March 2422,00022,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 23275,13197,1634,380376,674
Additions201,03523,750-224,785
Disposals(86,150)(12,250)-(98,400)
At 31 March 24390,016108,6634,380503,059
Depreciation and impairment
At 01 April 23169,32362,8593,953236,135
Charge for year19,53911,6316431,234
On disposals(37,135)(10,615)-(47,750)
At 31 March 24151,72763,8754,017219,619
Net book value
At 31 March 24238,28944,788363283,440
At 31 March 23105,80834,304427140,539