Company Registration No. 14869384 (England and Wales)
Percy Thomas Plastering Contractors Ltd
Unaudited accounts
for the year ended 31 March 2025
Percy Thomas Plastering Contractors Ltd
Unaudited accounts
Contents
Percy Thomas Plastering Contractors Ltd
Company Information
for the year ended 31 March 2025
Directors
David Michael Smith
Andrew Moore
Company Number
14869384 (England and Wales)
Registered Office
9 Cemetery Road
Failsworth
Manchester
M35 0SN
England
Accountants
Summed Up Accountancy Services
74 Ashton Road
Failsworth
Manchester
M35 9WL
Percy Thomas Plastering Contractors Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
22,061
24,757
Cash at bank and in hand
1,257
3,367
Creditors: amounts falling due within one year
(25,048)
(22,789)
Net current liabilities
(8,084)
(9,604)
Total assets less current liabilities
13,977
15,153
Provisions for liabilities
Deferred tax
(3,501)
(3,450)
Called up share capital
2
2
Profit and loss account
10,474
11,701
Shareholders' funds
10,476
11,703
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
David Michael Smith
Director
Company Registration No. 14869384
Percy Thomas Plastering Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2025
Percy Thomas Plastering Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 14869384. The registered office is 9 Cemetery Road, Failsworth, Manchester, M35 0SN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Percy Thomas Plastering Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
8,200
18,980
-
27,180
Additions
1,662
271
694
2,627
At 31 March 2025
9,862
19,251
694
29,807
At 1 April 2024
525
1,898
-
2,423
Charge for the year
1,758
3,461
104
5,323
At 31 March 2025
2,283
5,359
104
7,746
At 31 March 2025
7,579
13,892
590
22,061
At 31 March 2024
7,675
17,082
-
24,757
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,774
8,926
Taxes and social security
-
1,232
Other creditors
5,197
3,148
Loans from directors
17,077
8,579
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
8,776
9,162
13,590
4,348
Directors loans were repaid with taxable income within 9 months of the year end
Percy Thomas Plastering Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Transactions with related parties
Directors' loans are repayable on demand.
Interest is charged on debtor balances over £10,000 at HMRC's official rate.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).