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REGISTERED NUMBER: 08551608 (England and Wales)















Financial Statements

for the Year Ended 31 May 2024

for

PCW Drainage Limited

PCW Drainage Limited (Registered number: 08551608)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PCW Drainage Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: Mr P C Walsh
Mr A M J O'Brien





REGISTERED OFFICE: Unit 17
Abbotts Business Park
Primrose Hill
Kings Langley
Hertfordshire
WD4 8FR





REGISTERED NUMBER: 08551608 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

PCW Drainage Limited (Registered number: 08551608)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £
FIXED ASSETS
Tangible assets 4 338,005 272,434

CURRENT ASSETS
Stocks 343,823 298,317
Debtors 465,709 633,445
Cash at bank 1,135,123 599,085
1,944,655 1,530,847
CREDITORS
Amounts falling due within one year (1,089,372 ) (722,633 )
NET CURRENT ASSETS 855,283 808,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193,288

1,080,648

CREDITORS
Amounts falling due after more than one
year

(221,696

)

(159,494

)
NET ASSETS 971,592 921,154

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 971,492 921,054
SHAREHOLDERS' FUNDS 971,592 921,154

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PCW Drainage Limited (Registered number: 08551608)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:




Mr P C Walsh - Director



Mr A M J O'Brien - Director


PCW Drainage Limited (Registered number: 08551608)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

PCW Drainage Limited 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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 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 year 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.

PCW Drainage Limited (Registered number: 08551608)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 June 2023 589,561
Additions 173,004
Disposals (90,459 )
At 31 May 2024 672,106
DEPRECIATION
At 1 June 2023 317,127
Charge for year 78,811
Eliminated on disposal (61,837 )
At 31 May 2024 334,101
NET BOOK VALUE
At 31 May 2024 338,005
At 31 May 2023 272,434

5. RELATED PARTY DISCLOSURES

The related party balance represents amounts receivable from PCW Drain Services Ltd, a company in which Mr A O'Brien and Mr P Walsh are directors and shareholders of.