REGISTERED NUMBER: 04270641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G J PITT CIVIL ENGINEERING

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G J Pitt

SECRETARY:

Mrs K Pitt

REGISTERED OFFICE:

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

REGISTERED NUMBER:

04270641 (England and Wales)

ACCOUNTANTS:

Astbury Accountants Limited

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

FIXED ASSETS

Tangible assets

4

781,480

688,065

CURRENT ASSETS

Stocks

35,550

25,800

Debtors

5

87,705

112,839

Prepayments and accrued income

1,191

5,524

Cash at bank

250,530

237,461

374,976

381,624

CREDITORS

Amounts falling due within one year

6

190,200

206,343

NET CURRENT ASSETS

184,776

175,281

TOTAL ASSETS LESS CURRENT LIABILITIES

966,256

863,346

CREDITORS

Amounts falling due after more than one year

7

(223,516

)

(212,518

)

PROVISIONS FOR LIABILITIES

(143,760

)

(91,807

)

NET ASSETS

598,980

559,021

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

598,880

558,921

SHAREHOLDERS' FUNDS

598,980

559,021

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 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 25 September 2025 and were signed by:

Mr G J Pitt - Director

1.	STATUTORY INFORMATION

G J Pitt Civil Engineering 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.

The company undertakes civil engineering works. Turnover is recognised in the accounting period in which the services are rendered when the outcome of the contract can be estimated reliably.

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 etc

-

20% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

(i) Cash and cash Equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks.

(ii) Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

Assets acquired under hire purchase are capitalised and depreciated over the expected useful life of the asset. Hire purchase payments are apportioned between the finance charge and the reduction of the outstanding hire purchase liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

187,641

857,528

1,045,169

Additions

-

194,775

194,775

Disposals

-

(17,440

)

(17,440

)

At 31 December 2024

187,641

1,034,863

1,222,504

DEPRECIATION

At 1 January 2024

-

357,104

357,104

Charge for year

-

94,217

94,217

Eliminated on disposal

-

(10,297

)

(10,297

)

At 31 December 2024

-

441,024

441,024

NET BOOK VALUE

At 31 December 2024

187,641

593,839

781,480

At 31 December 2023

187,641

500,424

688,065

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

59,053

84,063

Other debtors

28,652

28,776

87,705

112,839

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,103

9,586

Hire purchase contracts

102,890

90,816

Trade creditors

40,011

34,366

Taxation and social security

33,715

68,504

Other creditors

3,481

3,071

190,200

206,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

82,520

93,141

Hire purchase contracts

140,996

119,377

223,516

212,518

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

243,886

210,193

All hire purchase creditors are secured on the assets on which the agreement relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100