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REGISTERED NUMBER: 11116814 (England and Wales)















Perry Construction & Developments
Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Perry Construction & Developments
Limited (Registered number: 11116814)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Perry Construction & Developments
Limited

Company Information
for the Year Ended 31 March 2024







Director: D A Perry





Registered office: 5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP





Business address: 6 Coronation Terrace, Butt Lane
Burgh Castle
Great Yarmouth
Norfolk
NR31 9QE





Registered number: 11116814 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Perry Construction & Developments
Limited (Registered number: 11116814)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 25,728 16,614

Current assets
Stocks 200 1,000
Debtors 5 41,849 5,735
Cash at bank 10,343 18,225
52,392 24,960
Creditors
Amounts falling due within one year 6 34,665 17,497
Net current assets 17,727 7,463
Total assets less current liabilities 43,455 24,077

Provisions for liabilities 6,432 3,157
Net assets 37,023 20,920

Capital and reserves
Called up share capital 100 100
Retained earnings 36,923 20,820
Shareholders' funds 37,023 20,920

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.

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 director and authorised for issue on 8 November 2024 and were signed by:



D A Perry - Director


Perry Construction & Developments
Limited (Registered number: 11116814)

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

1. Statutory information

Perry Construction & Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales at invoice value excluding value added tax.

Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

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 - 20% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.


Perry Construction & Developments
Limited (Registered number: 11116814)

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

2. Accounting policies - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures,
fittings
Plant and and Computer
machinery equipment equipment Totals
£    £    £    £   
Cost
At 1 April 2023 45,497 232 2,431 48,160
Additions 13,693 - - 13,693
At 31 March 2024 59,190 232 2,431 61,853
Depreciation
At 1 April 2023 29,374 177 1,995 31,546
Charge for year 4,420 15 144 4,579
At 31 March 2024 33,794 192 2,139 36,125
Net book value
At 31 March 2024 25,396 40 292 25,728
At 31 March 2023 16,123 55 436 16,614

Perry Construction & Developments
Limited (Registered number: 11116814)

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

5. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 29,500 1,416
Other debtors 12,349 4,319
41,849 5,735

6. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade creditors 14,640 3,425
Taxation and social security 14,362 4,137
Other creditors 5,663 9,935
34,665 17,497

7. Director's advances, credits and guarantees

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

31/3/24 31/3/23
£    £   
D A Perry
Balance outstanding at start of year - -
Amounts advanced 2,100 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,100 -

The loan was repaid on 31 July 2024.