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Company Registration No. 14869384 (England and Wales)
Percy Thomas Plastering Contractors Ltd Unaudited accounts for the period from 15 May 2023 to 31 March 2024
Percy Thomas Plastering Contractors Ltd Unaudited accounts Contents
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Percy Thomas Plastering Contractors Ltd Company Information for the period from 15 May 2023 to 31 March 2024
Directors
David Michael Smith Andrew Moore
Company Number
14869384 (England and Wales)
Registered Office
9 Cemetery Road Failsworth Manchester M35 0SN England
Accountants
Summed Up Accountancy Services 74 Ashton Road Failsworth Manchester M35 9WL
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Percy Thomas Plastering Contractors Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
24,757 
Current assets
Debtors
9,818 
Cash at bank and in hand
3,367 
13,185 
Creditors: amounts falling due within one year
(22,789)
Net current liabilities
(9,604)
Total assets less current liabilities
15,153 
Provisions for liabilities
Deferred tax
(3,450)
Net assets
11,703 
Capital and reserves
Called up share capital
2 
Profit and loss account
11,701 
Shareholders' funds
11,703 
For the period ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by
David Michael Smith Director Company Registration No. 14869384
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Percy Thomas Plastering Contractors Ltd Notes to the Accounts for the period from 15 May 2023 to 31 March 2024
1
Statutory information
Percy Thomas Plastering Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 14869384. The registered office is 9 Cemetery Road, Failsworth, Manchester, M35 0SN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Percy Thomas Plastering Contractors Ltd Notes to the Accounts for the period from 15 May 2023 to 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 15 May 2023
- 
- 
- 
Additions
8,200 
18,980 
27,180 
At 31 March 2024
8,200 
18,980 
27,180 
Depreciation
Charge for the period
525 
1,898 
2,423 
At 31 March 2024
525 
1,898 
2,423 
Net book value
At 31 March 2024
7,675 
17,082 
24,757 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
1,042 
Other debtors
8,776 
9,818 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
904 
Trade creditors
8,926 
Taxes and social security
1,232 
Other creditors
3,148 
Loans from directors
8,579 
22,789 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Moore
Directors loan
- 
21,126 
12,350 
8,776 
- 
21,126 
12,350 
8,776 
Directors loans which were debit balances at 31 March 2024 were repaid with taxable income within 9 months of the year end.
8
Transactions with related parties
Directors' loans are repayable on demand. Interest is charged on debtor balances over £10,000 at HMRC's official rate.
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Percy Thomas Plastering Contractors Ltd Notes to the Accounts for the period from 15 May 2023 to 31 March 2024
9
Average number of employees
During the period the average number of employees was 2.
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