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REGISTERED NUMBER: 11292381 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Presa Construction Ltd

Presa Construction Ltd (Registered number: 11292381)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Presa Construction Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A B Peach



REGISTERED OFFICE: 64 Shearwater Grove
Innsworth
Gloucester
GL3 1DD



REGISTERED NUMBER: 11292381 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
Montpellier
Cheltenham

Presa Construction Ltd (Registered number: 11292381)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,395 4,417

CURRENT ASSETS
Debtors 5 10,860 12,925
Cash at bank 5,822 9,629
16,682 22,554
CREDITORS
Amounts falling due within one year 6 57,962 67,357
NET CURRENT LIABILITIES (41,280 ) (44,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,885

)

(40,386

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (37,985 ) (40,486 )
SHAREHOLDERS' FUNDS (37,885 ) (40,386 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 November 2024 and were signed by:





A B Peach - Director


Presa Construction Ltd (Registered number: 11292381)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Presa 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.

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 - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

Going concern
Despite net current liabilities at 30 April 2024 of £41,280 (2023 - £44,803) and negative reserves of £37,885 (2023 - £40,386), the financial statements have been prepared on a going concern basis.

The director has reviewed the future cash flows of the company and has expressed his willingness to financially support the business for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

Presa Construction Ltd (Registered number: 11292381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 May 2023 17,540 1,455 18,995
Additions - 176 176
Disposals - (142 ) (142 )
At 30 April 2024 17,540 1,489 19,029
Depreciation
At 1 May 2023 13,170 1,408 14,578
Charge for year 1,092 58 1,150
Eliminated on disposal - (94 ) (94 )
At 30 April 2024 14,262 1,372 15,634
Net book value
At 30 April 2024 3,278 117 3,395
At 30 April 2023 4,370 47 4,417

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 May 2023 16,900
Transfer to ownership (16,900 )
At 30 April 2024 -
Depreciation
At 1 May 2023 12,890
Transfer to ownership (12,890 )
At 30 April 2024 -
Net book value
At 30 April 2024 -
At 30 April 2023 4,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 6,727 8,567
Other debtors 4,133 4,358
10,860 12,925

Presa Construction Ltd (Registered number: 11292381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts - 882
Trade creditors 4,059 2,222
Taxation and social security 5,258 12,859
Other creditors 48,645 51,394
57,962 67,357

7. RELATED PARTY DISCLOSURES

A B Peach
Director

The above director has loaned funds to the company. At 30 April 2024, the balance outstanding was £37,722 (2023 - £43,769). The loan, included within other creditors, is interest free and has no fixed repayment terms.

R G Bodman
Former director

A loan exists between the company and the former director R G Bodman. At 30 April 2024, R G Bodman owed the company £4,008 (2023 - £4,358). The loan, included within other debtors, is interest free and has no fixed repayment terms.