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REGISTERED NUMBER: 01881009 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2024

for

P & D Builders Limited

P & D Builders Limited (Registered number: 01881009)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

P & D Builders Limited

Company Information
For The Year Ended 31st March 2024







DIRECTOR: David Mark Bath





SECRETARY:





REGISTERED OFFICE: 2 The Town House
Lords Hill Walk
Coleford
Gloucestershire
GL16 8BD





REGISTERED NUMBER: 01881009 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

P & D Builders Limited (Registered number: 01881009)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,197 3,943
Investment property 5 - 131,787
3,197 135,730

CURRENT ASSETS
Stocks 6 1,032,216 372,990
Debtors 7 15,734 6,773
Cash at bank and in hand 654,968 1,228,539
1,702,918 1,608,302
CREDITORS
Amounts falling due within one year 8 18,658 30,951
NET CURRENT ASSETS 1,684,260 1,577,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,687,457

1,713,081

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 11 1,687,437 1,713,061
SHAREHOLDERS' FUNDS 1,687,457 1,713,081

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

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

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 and authorised for issue by the director and authorised for issue on 17th June 2024 and were signed by:



David Mark Bath - Director


P & D Builders Limited (Registered number: 01881009)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

P & D Builders 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 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.

P & D Builders Limited (Registered number: 01881009)

Notes to the Financial Statements - continued
For The Year Ended 31st 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2023 11,186 50,824 43,325 105,335
Disposals - (5,030 ) (8,700 ) (13,730 )
At 31st March 2024 11,186 45,794 34,625 91,605
DEPRECIATION
At 1st April 2023 11,133 46,934 43,325 101,392
Charge for year 8 556 - 564
Eliminated on disposal - (4,848 ) (8,700 ) (13,548 )
At 31st March 2024 11,141 42,642 34,625 88,408
NET BOOK VALUE
At 31st March 2024 45 3,152 - 3,197
At 31st March 2023 53 3,890 - 3,943

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 131,787
Disposals (131,787 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 131,787

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 1,032,216 372,990

P & D Builders Limited (Registered number: 01881009)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts - 5,178
Tax 7,989 -
VAT - 71
Prepayments & Accrued Income 7,745 1,524
15,734 6,773

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - 21,369
VAT 193 -
Directors' current accounts 52 -
Accrued expenses 18,413 9,582
18,658 30,951

9. SECURED DEBTS

The bank has fixed charges over some of the company's freehold properties and fixed and floating charge over the companies other assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
20 Ordinary Shares £1 20 20

11. RESERVES
Retained
earnings
£   

At 1st April 2023 1,713,061
Deficit for the year (20,424 )
Dividends (5,200 )
At 31st March 2024 1,687,437

P & D Builders Limited (Registered number: 01881009)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
David Mark Bath
Balance outstanding at start of year 5,178 -
Amounts advanced - 5,178
Amounts repaid (5,178 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,178

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is David Mark Bath.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
P & D Builders Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P & D Builders Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of P & D Builders Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & D Builders Limited and state those matters that we have agreed to state to the director of P & D Builders Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that P & D Builders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of P & D Builders Limited. You consider that P & D Builders Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & D Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 17th June 2024