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REGISTERED NUMBER: 07507254 (England and Wales)



































Unaudited Financial Statements

for the Period

1 March 2023 to 31 March 2024

for

Pritchard Contractors Ltd

Pritchard Contractors Ltd (Registered number: 07507254)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pritchard Contractors Ltd

Company Information
for the Period 1 March 2023 to 31 March 2024







DIRECTOR: J D Pritchard





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: 07507254 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Pritchard Contractors Ltd (Registered number: 07507254)

Balance Sheet
31 March 2024

31.3.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 310,334 317,475

CURRENT ASSETS
Debtors 5 376,106 200,184
Cash at bank - 28,188
376,106 228,372
CREDITORS
Amounts falling due within one year 6 (434,071 ) (253,886 )
NET CURRENT LIABILITIES (57,965 ) (25,514 )
TOTAL ASSETS LESS CURRENT LIABILITIES 252,369 291,961

CREDITORS
Amounts falling due after more than one
year

7

(93,417

)

(54,731

)
NET ASSETS 158,952 237,230

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,852 237,130
SHAREHOLDERS' FUNDS 158,952 237,230

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 30 January 2025 and were signed by:



J D Pritchard - Director


Pritchard Contractors Ltd (Registered number: 07507254)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Pritchard Contractors 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 etc - 33% on cost, 25% reducing balance and 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2023 - 13 ) .

Pritchard Contractors Ltd (Registered number: 07507254)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 725,796
Additions 92,547
Disposals (56,000 )
At 31 March 2024 762,343
DEPRECIATION
At 1 March 2023 408,321
Charge for period 65,297
Eliminated on disposal (21,609 )
At 31 March 2024 452,009
NET BOOK VALUE
At 31 March 2024 310,334
At 28 February 2023 317,475

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

Plant and
machinery
etc
£   
COST
At 1 March 2023 219,132
Additions 92,090
Disposals (56,000 )
At 31 March 2024 255,222
DEPRECIATION
At 1 March 2023 70,760
Charge for period 36,973
Eliminated on disposal (21,609 )
At 31 March 2024 86,124
NET BOOK VALUE
At 31 March 2024 169,098
At 28 February 2023 148,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Trade debtors 293,930 150,296
Other debtors 82,176 49,888
376,106 200,184

Pritchard Contractors Ltd (Registered number: 07507254)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Bank loans and overdrafts 21,434 -
Hire purchase contracts 47,293 47,553
Trade creditors 39,118 8,886
Taxation and social security 243,253 100,715
Other creditors 82,973 96,732
434,071 253,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 28.2.23
£    £   
Hire purchase contracts 85,290 45,864
Taxation and social security 8,127 8,867
93,417 54,731