1 September 2023 v2025.1.0 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP066782002023-09-012024-08-31066782002024-08-31066782002023-08-3106678200core:WithinOneYear2024-08-3106678200core:WithinOneYear2023-08-3106678200core:AfterOneYear2024-08-3106678200core:AfterOneYear2023-08-3106678200core:ShareCapital2024-08-3106678200core:ShareCapital2023-08-3106678200core:RetainedEarningsAccumulatedLosses2024-08-3106678200core:RetainedEarningsAccumulatedLosses2023-08-3106678200bus:Director12023-09-012024-08-3106678200bus:RegisteredOffice2023-09-012024-08-3106678200core:MotorVehicles2023-09-012024-08-3106678200core:PlantMachinery2023-09-012024-08-3106678200core:LandBuildings2023-09-012024-08-31066782002022-09-012023-08-3106678200core:LandBuildings2023-09-0106678200core:PlantMachinery2023-09-01066782002023-09-0106678200core:LandBuildings2024-08-3106678200core:PlantMachinery2024-08-3106678200core:LandBuildings2023-08-3106678200core:PlantMachinery2023-08-310667820012023-09-012024-08-3106678200countries:EnglandWales2023-09-012024-08-3106678200bus:AuditExemptWithAccountantsReport2023-09-012024-08-3106678200bus:PrivateLimitedCompanyLtd2023-09-012024-08-3106678200bus:SmallEntities2023-09-012024-08-3106678200bus:FullAccounts2023-09-012024-08-31
Company registration number:
06678200
Pettigrew Builders Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2024
Pettigrew Builders Limited
Statement of Financial Position
31 August 2024
20242023
Note££
Fixed assets    
Tangible assets 5
222,148
 
211,703
 
Current assets    
Stocks
220
 
355
 
Debtors 6
158,056
 
157,530
 
Cash at bank and in hand
35,719
 
96,806
 
193,995
 
254,691
 
Creditors: amounts falling due within one year 7
(99,675
)
(110,410
)
Net current assets
94,320
 
144,281
 
Total assets less current liabilities 316,468   355,984  
Creditors: amounts falling due after more than one year 8
(59,495
)
(70,783
)
Provisions for liabilities
(20,222
)
(19,013
)
Net assets
236,751
 
266,188
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
236,749
 
266,186
 
Shareholders funds
236,751
 
266,188
 
For the year ending
31 August 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 January 2025
, and are signed on behalf of the board by:
Mr N Pettigrew
Director
Company registration number:
06678200
Pettigrew Builders Limited
Notes to the Financial Statements
Year ended
31 August 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Chestnut Farm House Brigsley Road
,
Ashby Cum Fenby
,
Grimsby
,
N E Lincs
,
DN37 0QN
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% reducing balance
Plant and machinery
15% reducing balance
Land and buildings
10% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 September 2023
133,299
 
154,880
 
288,179
 
Additions -  
28,000
 
28,000
 
At
31 August 2024
133,299
 
182,880
 
316,179
 
Depreciation      
At
1 September 2023
-  
76,476
 
76,476
 
Charge
2,167
 
15,388
 
17,555
 
At
31 August 2024
2,167
 
91,864
 
94,031
 
Carrying amount      
At
31 August 2024
131,132
 
91,016
 
222,148
 
At 31 August 2023
133,299
 
78,404
 
211,703
 

6 Debtors

20242023
££
Trade debtors
2,160
  -  
Amounts owed by group undertakings and undertakings in which the company has a participating interest
140,896
 
140,367
 
Other debtors
15,000
 
17,163
 
158,056
 
157,530
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
9,900
 
9,900
 
Trade creditors
9,356
 
18,942
 
Taxation and social security
2,781
 
7,376
 
Other creditors
77,638
 
74,192
 
99,675
 
110,410
 
There is a charge over the property by Barclays Bank PLC in relation to the outstanding bank loan. The secured amount outstanding at the year end was £4600 due within 1 year.

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
59,495
 
70,783
 
There is a charge over the property by Barclays Bank PLC in relation to the outstanding bank loan. The secured amount outstanding at the year end was £35,072 due after more than 1 year.