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Company Registration No. 11525062 (England and Wales)
P Myers Plastering Contractors Limited Unaudited accounts for the year ended 31 March 2024
P Myers Plastering Contractors Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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P Myers Plastering Contractors Limited Company Information for the year ended 31 March 2024
Director
P Myers
Company Number
11525062 (England and Wales)
Registered Office
39 Attlee Estate Tow Law Bishop Auckland DL13 4LG United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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P Myers Plastering Contractors Limited Accountants' report
Accountants' report to the director of P Myers Plastering Contractors Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P Myers Plastering Contractors Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of P Myers Plastering Contractors Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of P Myers Plastering Contractors Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P Myers Plastering Contractors Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P Myers Plastering Contractors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P Myers Plastering Contractors Limited. You consider that P Myers Plastering Contractors 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 accounts of P Myers Plastering Contractors 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 accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 14 May 2025
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P Myers Plastering Contractors Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,130 
6,087 
Current assets
Inventories
2,787 
2,787 
Debtors
5
33,904 
42,145 
Cash at bank and in hand
134,226 
23,596 
170,917 
68,528 
Creditors: amounts falling due within one year
6
(80,248)
(43,916)
Net current assets
90,669 
24,612 
Net assets
95,799 
30,699 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
95,798 
30,698 
Shareholders' funds
95,799 
30,699 
For the year 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 director acknowledges his 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 and authorised for issue on 14 May 2025 and were signed on its behalf by
P Myers Director Company Registration No. 11525062
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P Myers Plastering Contractors Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
P Myers Plastering Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 11525062. The registered office is 39 Attlee Estate Tow Law, Bishop Auckland, DL13 4LG, United Kingdom.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
10% reducing balance
Motor vehicles
25% reducing balance
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
5,572 
6,000 
11,572 
At 31 March 2024
5,572 
6,000 
11,572 
Depreciation
At 1 April 2023
1,806 
3,679 
5,485 
Charge for the year
377 
580 
957 
At 31 March 2024
2,183 
4,259 
6,442 
Net book value
At 31 March 2024
3,389 
1,741 
5,130 
At 31 March 2023
3,766 
2,321 
6,087 
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P Myers Plastering Contractors Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,332 
35,681 
Other debtors
6,572 
6,464 
33,904 
42,145 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,568 
3,568 
VAT
13,566 
6,916 
Taxes and social security
50,294 
31,580 
Loans from directors
9,591 
291 
Accruals
3,229 
1,561 
80,248 
43,916 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
P Myers
Director Loan Account
(291)
(9,408)
(108)
(9,591)
(291)
(9,408)
(108)
(9,591)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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