Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13358360 Mr Ryan Barnes Mr Lee Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13358360 2023-04-30 13358360 2024-04-30 13358360 2023-05-01 2024-04-30 13358360 frs-core:CurrentFinancialInstruments 2024-04-30 13358360 frs-core:Non-currentFinancialInstruments 2024-04-30 13358360 frs-core:BetweenOneFiveYears 2024-04-30 13358360 frs-core:FurnitureFittings 2024-04-30 13358360 frs-core:FurnitureFittings 2023-05-01 2024-04-30 13358360 frs-core:FurnitureFittings 2023-04-30 13358360 frs-core:MotorVehicles 2024-04-30 13358360 frs-core:MotorVehicles 2023-05-01 2024-04-30 13358360 frs-core:MotorVehicles 2023-04-30 13358360 frs-core:PlantMachinery 2024-04-30 13358360 frs-core:PlantMachinery 2023-05-01 2024-04-30 13358360 frs-core:PlantMachinery 2023-04-30 13358360 frs-core:ShareCapital 2024-04-30 13358360 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13358360 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13358360 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13358360 frs-bus:SmallEntities 2023-05-01 2024-04-30 13358360 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13358360 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13358360 frs-bus:Director1 2023-05-01 2024-04-30 13358360 frs-bus:Director2 2023-05-01 2024-04-30 13358360 frs-countries:EnglandWales 2023-05-01 2024-04-30 13358360 2022-04-30 13358360 2023-04-30 13358360 2022-05-01 2023-04-30 13358360 frs-core:CurrentFinancialInstruments 2023-04-30 13358360 frs-core:Non-currentFinancialInstruments 2023-04-30 13358360 frs-core:BetweenOneFiveYears 2023-04-30 13358360 frs-core:WithinOneYear 2023-04-30 13358360 frs-core:ShareCapital 2023-04-30 13358360 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13358360
P & B Contractors Limited
Financial Statements
For The Year Ended 30 April 2024
Trek Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13358360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 216,574 104,383
216,574 104,383
CURRENT ASSETS
Debtors 5 166,764 73,130
Cash at bank and in hand 329,595 86,319
496,359 159,449
Creditors: Amounts Falling Due Within One Year 6 (401,264 ) (96,335 )
NET CURRENT ASSETS (LIABILITIES) 95,095 63,114
TOTAL ASSETS LESS CURRENT LIABILITIES 311,669 167,497
Creditors: Amounts Falling Due After More Than One Year 7 (116,260 ) (53,401 )
NET ASSETS 195,409 114,096
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 195,407 114,094
SHAREHOLDERS' FUNDS 195,409 114,096
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Phillips
Director
12th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P & B Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13358360 . The registered office is Suite 2 The Barbican Centre Lustleigh Close, Marsh Barton Trading Estate, Exeter, Devon, EX2 8PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
Fixtures & Fittings 18% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 33,608 96,990 5,958 136,556
Additions 1,111 158,621 - 159,732
As at 30 April 2024 34,719 255,611 5,958 296,288
Depreciation
As at 1 May 2023 10,566 19,855 1,752 32,173
Provided during the period 4,348 42,436 757 47,541
As at 30 April 2024 14,914 62,291 2,509 79,714
Net Book Value
As at 30 April 2024 19,805 193,320 3,449 216,574
As at 1 May 2023 23,042 77,135 4,206 104,383
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 166,764 73,130
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 14,213
Trade creditors - 15,628
Bank loans and overdrafts 529 -
VAT 41,962 34,599
Other creditors 15,628 -
Accruals and deferred income - 8,250
Directors' loan accounts 343,145 23,645
401,264 96,335
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 116,260 53,401
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 14,213
Later than one year and not later than five years 116,260 53,401
116,260 67,614
116,260 67,614
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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