IRIS Accounts Production v24.3.2.46 05657099 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056570992023-09-30056570992024-09-30056570992023-10-012024-09-30056570992022-09-30056570992022-10-012023-09-30056570992023-09-3005657099ns15:EnglandWales2023-10-012024-09-3005657099ns14:PoundSterling2023-10-012024-09-3005657099ns10:Director12023-10-012024-09-3005657099ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005657099ns10:SmallEntities2023-10-012024-09-3005657099ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3005657099ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005657099ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005657099ns10:FullAccounts2023-10-012024-09-3005657099ns10:Director22023-10-012024-09-3005657099ns10:RegisteredOffice2023-10-012024-09-3005657099ns5:CurrentFinancialInstruments2024-09-3005657099ns5:CurrentFinancialInstruments2023-09-3005657099ns5:ShareCapital2024-09-3005657099ns5:ShareCapital2023-09-3005657099ns5:RetainedEarningsAccumulatedLosses2024-09-3005657099ns5:RetainedEarningsAccumulatedLosses2023-09-3005657099ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3005657099ns5:PlantMachinery2023-10-012024-09-3005657099ns5:MotorVehicles2023-10-012024-09-3005657099ns5:ComputerEquipment2023-10-012024-09-3005657099ns5:LandBuildings2023-09-3005657099ns5:PlantMachinery2023-09-3005657099ns5:MotorVehicles2023-09-3005657099ns5:ComputerEquipment2023-09-3005657099ns5:LandBuildings2023-10-012024-09-3005657099ns5:LandBuildings2024-09-3005657099ns5:PlantMachinery2024-09-3005657099ns5:MotorVehicles2024-09-3005657099ns5:ComputerEquipment2024-09-3005657099ns5:LandBuildings2023-09-3005657099ns5:PlantMachinery2023-09-3005657099ns5:MotorVehicles2023-09-3005657099ns5:ComputerEquipment2023-09-3005657099ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005657099ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 05657099 (England and Wales)














Peggs Construction Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Peggs Construction Limited (Registered number: 05657099)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Peggs Construction Limited

Company Information
for the Year Ended 30 September 2024







Directors: S Peggs
Mrs J N Peggs





Registered office: The Priory
High Road
Gorefield
Wisbech
Cambridgeshire
PE13 4PJ





Registered number: 05657099 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Peggs Construction Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peggs Construction Limited for the year ended 30 September 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Peggs Construction Limited, as a body, in accordance with the terms of our engagement letter dated 18 July 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Peggs Construction Limited and state those matters that we have agreed to state to the Board of Directors of Peggs Construction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peggs Construction Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Peggs Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peggs Construction Limited. You consider that Peggs Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peggs Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


31 March 2025

Peggs Construction Limited (Registered number: 05657099)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 21,310 27,899

Current assets
Stocks 6 1,000 1,000
Debtors 7 189,654 44,426
Prepayments and accrued income 3,067 2,873
Cash at bank and in hand 40,273 9,532
233,994 57,831
Creditors
Amounts falling due within one year 8 208,833 78,012
Net current assets/(liabilities) 25,161 (20,181 )
Total assets less current liabilities 46,471 7,718

Provisions for liabilities 5,325 6,972
Net assets 41,146 746

Capital and reserves
Called up share capital 100 100
Retained earnings 41,046 646
41,146 746

Peggs Construction Limited (Registered number: 05657099)

Statement of Financial Position - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





S Peggs - Director


Peggs Construction Limited (Registered number: 05657099)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. Statutory information

Peggs Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Freehold property - 10% on a straight line basis
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Peggs Construction Limited (Registered number: 05657099)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. 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.

Long term contracts
Turnover on long term contracts is recognised according to the stage reached in the contract by reference to the value of the work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. Any amounts by which the turnover exceeds payments on account is shown under debtors as amounts recoverable on contracts.

4. Employees and directors

The average number of employees during the year was 5 (2023 - 4 ) .

5. Tangible fixed assets
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 October 2023 2 13,805 53,074 10,708 77,589
Additions - - - 166 166
Disposals - (341 ) - - (341 )
At 30 September 2024 2 13,464 53,074 10,874 77,414
Depreciation
At 1 October 2023 2 10,271 31,242 8,175 49,690
Charge for year - 688 5,458 540 6,686
Eliminated on disposal - (272 ) - - (272 )
At 30 September 2024 2 10,687 36,700 8,715 56,104
Net book value
At 30 September 2024 - 2,777 16,374 2,159 21,310
At 30 September 2023 - 3,534 21,832 2,533 27,899

6. Stocks
2024 2023
£    £   
Stocks 1,000 1,000

Peggs Construction Limited (Registered number: 05657099)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 113,649 42,312
Amounts recoverable on contract 46,005 2,114
Retention debtor 30,000 -
189,654 44,426

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 114,391 18,387
Tax 30,465 7,203
Social security and other taxes 5,994 2,300
VAT 44,260 21,699
Other creditors 255 255
Directors' loan accounts 10,000 25,000
Accrued expenses 3,468 3,168
208,833 78,012