Precast Concrete Projects Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI046075

Precast Concrete Projects Limited

Filleted Unaudited Financial Statements

31 March 2025

Precast Concrete Projects Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		13,722	14,722

Current assets

Debtors	5	422,299	138,861
Investments	6	1,589,363	2,027,665
Cash at bank and in hand		213,511	144,889
		------------	------------
		2,225,173	2,311,415

Creditors: amounts falling due within one year	7	141,272		98,162
		------------		------------
Net current assets			2,083,901	2,213,253
			------------	------------
Total assets less current liabilities			2,097,623	2,227,975

Provisions

Taxation including deferred tax	750	1,000
	------------	------------
Net assets	2,096,873	2,226,975
	------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	2,095,873	2,225,975
	------------	------------
Shareholders funds	2,096,873	2,226,975
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Precast Concrete Projects Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr S D Wilson	Mrs G E Wilson
Director	Director

Company registration number: NI046075

Precast Concrete Projects Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Samsonagh Road, Drumconnor, Enniskillen, Co Fermanagh, BT74 5EH. The principal activity of the company during the year was turnkey project management of precast plant installation and the distribution of blockmaking plant.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with FRS102.

Going concern

The directors prepared the accounts on a going concern basis and deem this appropriate. No material uncertainty about going concern status currently exists. In making this assessment the directors have considered the likely trading conditions for a period of twelve months from the date of approval.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	25% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

4. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	10,722	34,514	28,500	10,515	84,251
	--------	--------	--------	--------	--------
Depreciation
At 1 April 2024	–	34,282	27,992	7,255	69,529
Charge for the year	–	58	127	815	1,000
	--------	--------	--------	--------	--------
At 31 March 2025	–	34,340	28,119	8,070	70,529
	--------	--------	--------	--------	--------
Carrying amount
At 31 March 2025	10,722	174	381	2,445	13,722
	--------	--------	--------	--------	--------
At 31 March 2024	10,722	232	508	3,260	14,722
	--------	--------	--------	--------	--------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	17,137
Other debtors	422,299	121,724
	---------	---------
	422,299	138,861
	---------	---------

6. Investments

	2025	2024
	£	£
Short-term deposits	1,589,363	2,027,665
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	134,778	84,512
Other creditors	6,494	13,650
	---------	--------
	141,272	98,162
	---------	--------

8. Directors' advances, credits and guarantees

During the year the directors withdrew from the company £300,656. Amounts owed to the company at the year end was £422,299 (2024: 121,643).