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REGISTERED NUMBER: 07669678 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Pickering Construction Limited

Pickering Construction Limited (Registered number: 07669678)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Pickering Construction Limited (Registered number: 07669678)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,513 286,922

CURRENT ASSETS
Stocks 23,572 83,927
Debtors 5 52,153 44,822
Cash at bank 95,575 15,009
171,300 143,758
CREDITORS
Amounts falling due within one year 6 165,960 220,927
NET CURRENT ASSETS/(LIABILITIES) 5,340 (77,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,853

209,753

CREDITORS
Amounts falling due after more than one year 7 (30,454 ) (166,712 )

PROVISIONS FOR LIABILITIES (44,878 ) (54,515 )
NET ASSETS/(LIABILITIES) 109,521 (11,474 )

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 109,416 (11,579 )
SHAREHOLDERS' FUNDS 109,521 (11,474 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Pickering Construction Limited (Registered number: 07669678)

Balance Sheet - continued
31 March 2025


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 15 May 2025 and were signed on its behalf by:





N Speakman - Director


Pickering Construction Limited (Registered number: 07669678)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Pickering Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07669678

Registered office: 2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.


Pickering Construction Limited (Registered number: 07669678)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 6 ) .

Pickering Construction Limited (Registered number: 07669678)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 426,359 4,255 5,518 436,132
Additions 96,157 - 3,496 99,653
Disposals (233,308 ) - - (233,308 )
At 31 March 2025 289,208 4,255 9,014 302,477
DEPRECIATION
At 1 April 2024 142,044 2,116 5,050 149,210
Charge for year 31,372 321 1,608 33,301
Eliminated on disposal (59,547 ) - - (59,547 )
At 31 March 2025 113,869 2,437 6,658 122,964
NET BOOK VALUE
At 31 March 2025 175,339 1,818 2,356 179,513
At 31 March 2024 284,315 2,139 468 286,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2024 367,295
Disposals (179,165 )
At 31 March 2025 188,130
DEPRECIATION
At 1 April 2024 86,701
Eliminated on disposal (43,908 )
At 31 March 2025 42,793
NET BOOK VALUE
At 31 March 2025 145,337
At 31 March 2024 280,594

Pickering Construction Limited (Registered number: 07669678)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 14,672 29,407
Other debtors 37,481 15,415
52,153 44,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 71,693
Hire purchase contracts 18,876 62,143
Trade creditors 29,809 31,693
Taxation and social security 91,627 6,735
Other creditors 25,648 48,663
165,960 220,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 36,823
Hire purchase contracts 30,454 129,889
30,454 166,712

8. CAPITAL COMMITMENTS
31.3.25 31.3.24
£    £   
Contracted but not provided for in the
financial statements 30,833 75,326