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REGISTERED NUMBER: 07400976 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

PTR Design & Build Limited

PTR Design & Build Limited (Registered number: 07400976)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PTR Design & Build Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs F Rickard





REGISTERED OFFICE: 69 Lindrosa Road
Sutton Coldfield
West Midlands
B74 3LB





REGISTERED NUMBER: 07400976 (England and Wales)





ACCOUNTANTS: Blythe Phillips
8/9 Earls Way
Halesowen
West Midlands
B63 3HR

PTR Design & Build Limited (Registered number: 07400976)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,583 183,935

CURRENT ASSETS
Stocks 72,364 43,988
Debtors 5 33,572 104,409
Cash at bank and in hand 11,591 6,546
117,527 154,943
CREDITORS
Amounts falling due within one year 6 139,381 158,572
NET CURRENT LIABILITIES (21,854 ) (3,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,729

180,306

CREDITORS
Amounts falling due after more than one
year

7

(37,639

)

(92,143

)

PROVISIONS FOR LIABILITIES (18,541 ) (34,948 )
NET ASSETS 19,549 53,215

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,449 53,115
SHAREHOLDERS' FUNDS 19,549 53,215

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 her 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.

PTR Design & Build Limited (Registered number: 07400976)

Balance Sheet - continued
31 March 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 director and authorised for issue on 12 November 2024 and were signed by:





Mrs F Rickard - Director


PTR Design & Build Limited (Registered number: 07400976)

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

1. STATUTORY INFORMATION

PTR Design & Build 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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
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.

PTR Design & Build Limited (Registered number: 07400976)

Notes to the Financial Statements - continued
for the Year Ended 31 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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 337,545
Additions 47,481
Disposals (182,731 )
At 31 March 2024 202,295
DEPRECIATION
At 1 April 2023 153,610
Charge for year 32,528
Eliminated on disposal (81,426 )
At 31 March 2024 104,712
NET BOOK VALUE
At 31 March 2024 97,583
At 31 March 2023 183,935

PTR Design & Build Limited (Registered number: 07400976)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 226,198
Additions 39,137
Disposals (156,596 )
At 31 March 2024 108,739
DEPRECIATION
At 1 April 2023 95,488
Charge for year 21,147
Eliminated on disposal (71,337 )
At 31 March 2024 45,298
NET BOOK VALUE
At 31 March 2024 63,441
At 31 March 2023 130,710

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 23,163 90,428
Other debtors 2,409 9,758
25,572 100,186

Amounts falling due after more than one year:
Other debtors 8,000 4,223

Aggregate amounts 33,572 104,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,821 6,111
Hire purchase contracts 14,714 35,752
Trade creditors 22,332 47,574
Taxation and social security 57,339 29,963
Other creditors 32,175 39,172
139,381 158,572

PTR Design & Build Limited (Registered number: 07400976)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 37,639 92,143