REGISTERED NUMBER: 11769758 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Pestridge Construction Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M G Pestridge

Mrs S Scrivens-Pestridge

REGISTERED OFFICE:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

GL3 3RS

REGISTERED NUMBER:

11769758 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

National Westminster Bank Plc

21 Eastgate Street

Gloucester

GL1 1NH

FIXED ASSETS

Intangible assets

4

8,000

10,000

Tangible assets

5

63,257

80,168

71,257

90,168

CURRENT ASSETS

Stocks

-

11,435

Debtors

6

12,063

8,269

Cash at bank and in hand

4,552

2,312

16,615

22,016

CREDITORS

Amounts falling due within one year

7

59,477

63,921

NET CURRENT LIABILITIES

(42,862

)

(41,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,395

48,263

CREDITORS

Amounts falling due after more than one year

8

28,595

41,341

NET (LIABILITIES)/ASSETS

(200

)

6,922

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(300

)

6,822

SHAREHOLDERS' FUNDS

(200

)

6,922

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

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

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 28 October 2025 and were signed on its behalf by:

M G Pestridge - Director

Mrs S Scrivens-Pestridge - Director

1.	STATUTORY INFORMATION

Pestridge 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% 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 statement of financial position date.

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.

Going concern

Despite net current liabilities of £42,862 (2024 - £41,905) at 31 January 2025, the accounts have been prepared on a going concern basis.

The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 February 2024

and 31 January 2025

20,000

Amortisation

At 1 February 2024

10,000

Charge for year

2,000

At 31 January 2025

12,000

Net book value

At 31 January 2025

8,000

At 31 January 2024

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 February 2024

110,104

7,474

117,578

Additions

-

4,730

4,730

At 31 January 2025

110,104

12,204

122,308

Depreciation

At 1 February 2024

29,966

7,444

37,410

Charge for year

20,034

1,607

21,641

At 31 January 2025

50,000

9,051

59,051

Net book value

At 31 January 2025

60,104

3,153

63,257

At 31 January 2024

80,138

30

80,168

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

Cost

At 1 February 2024

and 31 January 2025

97,341

Depreciation

At 1 February 2024

21,670

Charge for year

18,918

At 31 January 2025

40,588

Net book value

At 31 January 2025

56,753

At 31 January 2024

75,671

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

1,050

1,422

Other debtors

11,013

6,847

12,063

8,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Hire purchase contracts (see note 9)

12,746

11,756

Trade creditors

5,970

1,643

Taxation and social security

6,710

1,085

Other creditors

34,051

49,437

59,477

63,921

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Hire purchase contracts (see note 9)

28,595

41,341

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/1/25

31/1/24

£

£

Gross obligations repayable:

Within one year

12,746

11,756

Finance charges repayable:

Between one and five years

(28,595

)

(41,341

)

Net obligations repayable:

Within one year

12,746

11,756

Between one and five years

28,595

41,341

41,341

53,097

10.	RELATED PARTY DISCLOSURES

M G Pestridge & Mrs S Scrivens-Pestridge

Directors

The directors have loaned funds to the company. At 31 January 2025 the directors were owed £22,625 (2024 - £40,826). The unsecured loan, included within other creditors, is interest free and has no fixed repayment terms.