Registration number: 06031564

St Pierre Contractors Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	120,809	91,679
Current assets
Debtors	5	161,769	159,556
Cash at bank and in hand		661,022	463,077
		822,791	622,633
Creditors: Amounts falling due within one year	6	(166,800)	(142,091)
Net current assets		655,991	480,542
Total assets less current liabilities		776,800	572,221
Provisions for liabilities		(30,202)	(21,025)
Net assets		746,598	551,196
Capital and reserves
Called up share capital		50	50
Capital redemption reserve		50	50
Retained earnings		746,498	551,096
Shareholders' funds		746,598	551,196

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of St Pierre Contractors Limited has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

St Pierre Contractors Limited

Statement of Financial Position as at 31 December 2024

Approved and authorised by the director on 25 September 2025
 

.........................................

A J St Pierre

Director

Company registration number: 06031564

St Pierre Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Woodyard
How Green Lane
Edenbridge
Kent
TN8 7NN

The principal activity of the company is that of a construction company.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets at that date amounting to £746,598. The company had cash at bank of £661,022 at 31 December 2024 and the director is hopeful of profitability in the forthcoming year and that the company will continue to be able to meet its obligations.

Having made enquiries the director has reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the director continues to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue by reference to stage of completion under the relevant construction contract.

St Pierre Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	25% straight line
Motor Vehicles	25% straight line
Plant and Machinery	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

St Pierre Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2023 - 2).

St Pierre Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Computer Equipment £	Motor Vehicles  £	Plant and Machinery £	Total £
Cost or valuation
At 1 January 2024	15,302	204,014	300,678	519,994
Additions	617	63,756	11,795	76,168
Disposals	-	(28,202)	-	(28,202)
At 31 December 2024	15,919	239,568	312,473	567,960
Depreciation
At 1 January 2024	12,901	163,002	252,412	428,315
Charge for the year	893	23,320	22,238	46,451
Eliminated on disposal	-	(27,615)	-	(27,615)
At 31 December 2024	13,794	158,707	274,650	447,151
Carrying amount
At 31 December 2024	2,125	80,861	37,823	120,809
At 31 December 2023	2,401	41,012	48,266	91,679

5

Debtors

	2024 £	2023 £
Trade debtors	147,790	89,779
Other debtors	13,979	69,777
	161,769	159,556

St Pierre Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	7	-	9,302
Trade creditors		11,617	27,021
Taxation and social security		130,231	54,918
Accruals and deferred income		24,952	9,143
Other creditors		-	41,707
		166,800	142,091