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REGISTERED NUMBER: 10322747 (England and Wales)

















Pride Construction Group Limited

Financial Statements

for the Year Ended 31 July 2024






Pride Construction Group Limited (Registered number: 10322747)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pride Construction Group Limited

Company Information
for the year ended 31 July 2024







DIRECTOR: C M Harrison





SECRETARY: Mrs E J Harrison





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 10322747 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Pride Construction Group Limited (Registered number: 10322747)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,505 15,918

CURRENT ASSETS
Stocks 32,793 55,514
Debtors 5 4,395 230
Cash at bank 15,398 36,030
52,586 91,774
CREDITORS
Amounts falling due within one year 6 84,882 102,440
NET CURRENT LIABILITIES (32,296 ) (10,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,791

)

5,252

CREDITORS
Amounts falling due after more than one
year

7

(1,667

)

(3,667

)

PROVISIONS FOR LIABILITIES - (438 )
NET (LIABILITIES)/ASSETS (19,458 ) 1,147

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,558 ) 1,047
SHAREHOLDERS' FUNDS (19,458 ) 1,147

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 April 2025 and were signed by:





C M Harrison - Director


Pride Construction Group Limited (Registered number: 10322747)

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


1. STATUTORY INFORMATION

Pride Construction Group 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 - 20% on reducing balance
Motor vehicles - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Pride Construction Group Limited (Registered number: 10322747)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 1,900 22,490 24,390
Additions 1,500 1,750 3,250
At 31 July 2024 3,400 24,240 27,640
DEPRECIATION
At 1 August 2023 810 7,662 8,472
Charge for year 518 4,145 4,663
At 31 July 2024 1,328 11,807 13,135
NET BOOK VALUE
At 31 July 2024 2,072 12,433 14,505
At 31 July 2023 1,090 14,828 15,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5
Corporation tax recoverable - 225
Deferred tax asset 4,395 -
4,395 230

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 5,083 24,762
Tax and social security costs 18,118 17,580
Directors' current accounts 55,595 53,849
Accruals and deferred income 4,086 4,249
84,882 102,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,667 3,667