P.K. Construction (Lincs) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04624291 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

P.K. Construction (Lincs) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Knowles

L Gaughan

C W Gaughan

REGISTERED OFFICE:

Unit 2, East Riverside

Immingham Docks

Immingham

North East Lincs

DN40 2LZ

REGISTERED NUMBER:

04624291 (England and Wales)

FIXED ASSETS

Tangible assets

4

461,581

407,030

CURRENT ASSETS

Stocks

107,702

110,776

Debtors

5

969,736

388,864

Cash at bank and in hand

673,300

860,111

1,750,738

1,359,751

CREDITORS

Amounts falling due within one year

6

781,032

612,903

NET CURRENT ASSETS

969,706

746,848

TOTAL ASSETS LESS CURRENT LIABILITIES

1,431,287

1,153,878

CREDITORS

Amounts falling due after more than one year

7

(74,715

)

(121,655

)

PROVISIONS FOR LIABILITIES

(84,709

)

(77,095

)

NET ASSETS

1,271,863

955,128

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Capital redemption reserve

400

400

Retained earnings

1,270,263

953,528

SHAREHOLDERS' FUNDS

1,271,863

955,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 5 October 2023 and were signed on its behalf by:

L Gaughan - Director

1.	STATUTORY INFORMATION

P.K. Construction (Lincs) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2022

348,230

395,479

25,935

769,644

Additions

44,834

146,063

2,400

193,297

Disposals

(25,626

)

(80,980

)

(1,080

)

(107,686

)

At 31 January 2023

367,438

460,562

27,255

855,255

DEPRECIATION

At 1 February 2022

152,283

192,754

17,577

362,614

Charge for year

42,926

75,213

1,652

119,791

Eliminated on disposal

(21,769

)

(66,055

)

(907

)

(88,731

)

At 31 January 2023

173,440

201,912

18,322

393,674

NET BOOK VALUE

At 31 January 2023

193,998

258,650

8,933

461,581

At 31 January 2022

195,947

202,725

8,358

407,030

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2022

and 31 January 2023

171,500

89,898

261,398

DEPRECIATION

At 1 February 2022

25,890

16,856

42,746

Charge for year

29,122

18,261

47,383

At 31 January 2023

55,012

35,117

90,129

NET BOOK VALUE

At 31 January 2023

116,488

54,781

171,269

At 31 January 2022

145,610

73,042

218,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

939,576

313,415

Directors' current accounts

203

42,793

VAT

11,921

7,875

Prepayments

18,036

24,781

969,736

388,864

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Hire purchase contracts

46,364

46,364

Trade creditors

407,496

147,506

Corporation tax

106,711

91,002

Social security and other taxes

25,302

23,233

Other creditors

45,452

84,286

Wages creditor

14,119

12,576

Directors' current accounts

10,793

3,336

Accrued expenses

124,795

204,600

781,032

612,903

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Hire purchase contracts

74,715

121,655

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.23

31.1.22

£

£

Hire purchase contracts

121,079

168,019

The assets on HP are secured on the asset of which the HP relates to.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23

31.1.22

£

£

Balance outstanding at start of year

42,793

16,644

Amounts advanced

28,463

51,458

Amounts repaid

(71,053)

(25,309)

Balance outstanding at end of year

203

42,793

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.