Piling & Welding Construction Limited Accounts

PILING & WELDING CONSTRUCTION LIMITED - Company Information






	Piling & Welding Construction Limited
	Company No. 04325861
	Information for Filing with The Registrar
	30 November 2021

at	30 November 2021
Company No.		04325861	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	10,689	9,016


				10,689	9,016
Current assets

	Debtors		5	1,732	575

	Cash at bank and in hand			73,910	100,364
				75,642	100,939
Creditors: Amount falling due within one year			6	(44,902)	(36,794)
Net current assets				30,740	64,145
Total assets less current liabilities				41,429	73,161




Net assets				41,429	73,161

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		7	41,427	73,159

Total equity				41,429	73,161



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 November 2021 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 02 August 2022
And signed on its behalf by:
M.J. Curran
Director
02 August 2022

for the year ended 30 November 2021

General information

Its registered number is: 04325861

Its registered office is:

12 Mollands Court

South Ockendon

Essex

RM15 6DP

The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Accounting policies

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

33% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	2

4	Tangible fixed assets
			Land and buildings	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 December 2020	3,664	31,250	-	34,914
		Additions	-	3,529	1,787	5,316



		At 30 November 2021	3,664	34,779	1,787	40,230
		Depreciation
		At 1 December 2020	2,929	22,969	-	25,898
		Charge for the year	243	2,953	447	3,643



		At 30 November 2021	3,172	25,922	447	29,541
		Net book values
		At 30 November 2021	492	8,857	1,340	10,689
		At 30 November 2020	735	8,281	-	9,016

5	Debtors
			2021	2020
			£	£
		Trade debtors	-	575



		VAT recoverable	1,732	-



			1,732	575

6	Creditors amounts falling due within one year:
			2021	2020
			£	£

		Bank loans and overdrafts	564	2,827


		Trade creditors	-	1,035

		Corporation tax	58	14,368
		Other taxes and social security	15,647	3,064
		Loans from directors	28,035	15,500

		Accruals and deferred income	598	-
			44,902	36,794

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	35,000	63,400

			35,000	63,400

		Dividends by type:

		Equity dividends	35,000	63,400
			35,000	63,400

Related party disclosures

At the balance sheet date £28,035 was owed to the director by the company.

Controlling party

Immediate controlling party

No single party controls the company