Pyramids Construction Ltd - Accounts to registrar (filleted) - small 18.2

Pyramids Construction Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07203468 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Pyramids Construction Ltd

Pyramids Construction Ltd (Registered number: 07203468)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pyramids Construction Ltd

Company Information
for the Year Ended 31 March 2019







DIRECTORS: P Mikhail
Mrs J Mikhail





REGISTERED OFFICE: Britannia House
1 - 11 Glenthorne Road
Hammersmith
London
W6 0LH





REGISTERED NUMBER: 07203468 (England and Wales)





ACCOUNTANTS: Ghiaci Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

Pyramids Construction Ltd (Registered number: 07203468)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,896 21,195

CURRENT ASSETS
Stocks 5 5,000 54,784
Debtors 6 26,295 66,317
Cash at bank and in hand 74,473 31,746
105,768 152,847
CREDITORS
Amounts falling due within one year 7 90,318 77,396
NET CURRENT ASSETS 15,450 75,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,346

96,646

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 31,246 96,546
SHAREHOLDERS' FUNDS 31,346 96,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 18 December 2019 and were signed
on its behalf by:



P Mikhail - Director


Pyramids Construction Ltd (Registered number: 07203468)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Pyramids 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
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.

Pyramids Construction Ltd (Registered number: 07203468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2018
and 31 March 2019 51,069
DEPRECIATION
At 1 April 2018 29,874
Charge for year 5,299
At 31 March 2019 35,173
NET BOOK VALUE
At 31 March 2019 15,896
At 31 March 2018 21,195

5. STOCKS
31.3.19 31.3.18
£    £   
Stocks 5,000 5,000
Work-in-progress - 49,784
5,000 54,784

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 16,265 41,722
Other debtors 99 99
Directors' current accounts 9,931 24,496
26,295 66,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Tax 8,333 38,831
Social security and other taxes (1,157 ) 1,133
VAT 46,854 35,532
Other creditors 34,864 -
Accrued expenses 1,424 1,900
90,318 77,396

Pyramids Construction Ltd (Registered number: 07203468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.19 31.3.18
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2018 96,546
Profit for the year 25,700
Dividends (91,000 )
At 31 March 2019 31,246

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019
and 31 March 2018:

31.3.19 31.3.18
£    £   
P Mikhail
Balance outstanding at start of year 24,496 29,761
Amounts repaid (91,000 ) (97,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,931 24,496

The overdrawn amount was repaid in full on 30 April 2019.