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REGISTERED NUMBER: 02916085 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PROCTOR CONSTRUCTION LTD

PROCTOR CONSTRUCTION LTD (REGISTERED NUMBER: 02916085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PROCTOR CONSTRUCTION LTD (REGISTERED NUMBER: 02916085)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,265 51,087

CURRENT ASSETS
Stocks 175,711 164,722
Debtors 5 106,021 67,359
Cash at bank 253,738 133,849
535,470 365,930
CREDITORS
Amounts falling due within one year 6 218,821 116,488
NET CURRENT ASSETS 316,649 249,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,914

300,529

CREDITORS
Amounts falling due after more than one
year

7

36,368

65,609
NET ASSETS 323,546 234,920

CAPITAL AND RESERVES
Called up share capital 3 2
Retained earnings 323,543 234,918
SHAREHOLDERS' FUNDS 323,546 234,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

PROCTOR CONSTRUCTION LTD (REGISTERED NUMBER: 02916085)

BALANCE SHEET - continued
31ST 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 31st December 2024 and were signed by:





Mrs K Proctor - Director


PROCTOR CONSTRUCTION LTD (REGISTERED NUMBER: 02916085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Proctor Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02916085

Registered office: Hapenny Barns
Halfpenny Lane
Elm
Wisbech
Cambridgeshire
PE14 0AE

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

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.

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.

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 2 (2023 - 2 ) .

PROCTOR CONSTRUCTION LTD (REGISTERED NUMBER: 02916085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 271,687
DEPRECIATION
At 1st April 2023 220,600
Charge for year 7,822
At 31st March 2024 228,422
NET BOOK VALUE
At 31st March 2024 43,265
At 31st March 2023 51,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 104,964 55,179
Other debtors 1,057 2,184
Directors' current accounts - 9,996
106,021 67,359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,268 -
Hire purchase contracts 9,043 9,043
Trade creditors 109,024 59,999
Tax 38,893 -
VAT 35,248 42,997
Other creditors 912 912
Directors' current accounts 11,603 -
Accrued expenses 3,830 3,537
218,821 116,488

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,008 33,205
Hire purchase contracts 23,360 32,404
36,368 65,609

PROCTOR CONSTRUCTION LTD (REGISTERED NUMBER: 02916085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs K Proctor
Balance outstanding at start of year 9,997 (15,554 )
Amounts repaid (9,997 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,997

The above loan is unsecured, interest free & repayable on demand.