REGISTERED NUMBER: 04784730 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

P CORKILL CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr P Corkill

Mrs A J Corkill

Registered office:

Greenslate Barn

Off Tracks Lane

Billinge

Wigan

Lancashire

WN5 7BG

Registered number:

04784730 (England and Wales)

Accountants:

Cowgills Limited

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

4

5,640

7,050

Investment property

5

534,000

534,000

539,640

541,050

CURRENT ASSETS

Stocks

54,614

30,000

Debtors

6

4,299

837

Cash at bank

2,436

5,900

61,349

36,737

CREDITORS

Amounts falling due within one year

7

179,474

128,663

NET CURRENT LIABILITIES

(118,125

)

(91,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

421,515

449,124

CREDITORS

Amounts falling due after more than one year

8

(216,825

)

(227,794

)

PROVISIONS FOR LIABILITIES

9

(43,975

)

(43,975

)

NET ASSETS

160,715

177,355

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

131,925

131,925

Retained earnings

28,788

45,428

SHAREHOLDERS' FUNDS

160,715

177,355

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr P Corkill - Director

1.	STATUTORY INFORMATION

P Corkill Construction Ltd 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Costs includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

3,043

30,327

33,370

DEPRECIATION

At 1 January 2024

3,002

23,318

26,320

Charge for year

8

1,402

1,410

At 31 December 2024

3,010

24,720

27,730

NET BOOK VALUE

At 31 December 2024

33

5,607

5,640

At 31 December 2023

41

7,009

7,050

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

534,000

NET BOOK VALUE

At 31 December 2024

534,000

At 31 December 2023

534,000

Investment property was valued on an open market basis, by the director M P Corkill, on 31 December 2024.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

4,299

837

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,257

9,546

Trade creditors

3,467

5,013

Taxation and social security

1,322

16,872

Other creditors

164,428

97,232

179,474

128,663

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

8,825

19,794

Other creditors

208,000

208,000

216,825

227,794

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

43,975

43,975

Deferred

tax

£

Balance at 1 January 2024

43,975

Balance at 31 December 2024

43,975

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2