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REGISTERED NUMBER: 04784730 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

P CORKILL CONSTRUCTION LTD

P CORKILL CONSTRUCTION LTD (REGISTERED NUMBER: 04784730)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P CORKILL CONSTRUCTION LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: Mr P Corkill
Mrs A J Corkill





Registered office: Greenslate Barn
Off Tracks Lane
Billinge
Wigan
Lancashire
WN5 7BG





Registered number: 04784730 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

P CORKILL CONSTRUCTION LTD (REGISTERED NUMBER: 04784730)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,050 8,812
Investment property 5 534,000 515,000
541,050 523,812

CURRENT ASSETS
Stocks 30,000 62,654
Debtors 6 837 136
Cash at bank 5,900 20,048
36,737 82,838
CREDITORS
Amounts falling due within one year 7 128,663 155,479
NET CURRENT LIABILITIES (91,926 ) (72,641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,124

451,171

CREDITORS
Amounts falling due after more than one
year

8

(227,794

)

(237,340

)

PROVISIONS FOR LIABILITIES 9 (43,975 ) (29,811 )
NET ASSETS 177,355 184,020

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 131,925 127,089
Retained earnings 45,428 56,929
SHAREHOLDERS' FUNDS 177,355 184,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

P CORKILL CONSTRUCTION LTD (REGISTERED NUMBER: 04784730)

Balance Sheet - continued
31 DECEMBER 2023


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 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 22 November 2024 and were signed on its behalf by:





Mr P Corkill - Director


P CORKILL CONSTRUCTION LTD (REGISTERED NUMBER: 04784730)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

P Corkill 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Costs includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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.

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 3 (2022 - 3 ) .

P CORKILL CONSTRUCTION LTD (REGISTERED NUMBER: 04784730)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,043 30,327 33,370
DEPRECIATION
At 1 January 2023 2,992 21,566 24,558
Charge for year 10 1,752 1,762
At 31 December 2023 3,002 23,318 26,320
NET BOOK VALUE
At 31 December 2023 41 7,009 7,050
At 31 December 2022 51 8,761 8,812

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 515,000
Revaluations 19,000
At 31 December 2023 534,000
NET BOOK VALUE
At 31 December 2023 534,000
At 31 December 2022 515,000

Investment property was valued on an open market basis, by the director M P Corkill, on 31 December 2023.
Property revalued in year at the director, M P Corkill, due to improvements during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 837 136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,546 9,546
Trade creditors 5,013 4,621
Taxation and social security 16,872 9,179
Other creditors 97,232 132,133
128,663 155,479

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,794 29,340
Other creditors 208,000 208,000
227,794 237,340

P CORKILL CONSTRUCTION LTD (REGISTERED NUMBER: 04784730)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 43,975 29,811

Deferred
tax
£   
Balance at 1 January 2023 29,811
Charge to Statement of Income and Retained Earnings during year 14,164
Balance at 31 December 2023 43,975

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2