Peel Construction (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07257343 (England and Wales)

PEEL CONSTRUCTION (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Peel

Mrs M Peel

SECRETARY:

None Appointed

REGISTERED OFFICE:

Dipford House, Queens Square

Huddersfield Road

Honley

Holmfirth

West Yorkshire

HD9 6QZ

REGISTERED NUMBER:

07257343 (England and Wales)

ACCOUNTANTS:

STEAD ROBINSON

Dipford House, Queens Square

Huddersfield Road

Honley

Holmfirth

HD9 6QZ

FIXED ASSETS

Tangible assets

4

46,708

20,428

CURRENT ASSETS

Stocks

-

101,949

Debtors

5

32,215

565

Cash at bank

12,058

47,763

44,273

150,277

CREDITORS

Amounts falling due within one year

6

25,039

110,769

NET CURRENT ASSETS

19,234

39,508

TOTAL ASSETS LESS CURRENT LIABILITIES

65,942

59,936

CREDITORS

Amounts falling due after more than one year

7

64,947

58,151

NET ASSETS

995

1,785

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

993

1,783

SHAREHOLDERS' FUNDS

995

1,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 15 December 2022 and were signed on its behalf by:

Mrs M Peel - Director

1.	STATUTORY INFORMATION

Peel Construction (Yorkshire) 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.

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.

Plant and machinery etc

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2021

41,424

Additions

39,330

At 31 March 2022

80,754

DEPRECIATION

At 1 April 2021

20,996

Charge for year

13,050

At 31 March 2022

34,046

NET BOOK VALUE

At 31 March 2022

46,708

At 31 March 2021

20,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

32,215

565

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

3,325

3,236

Taxation and social security

3,916

10,912

Other creditors

17,798

96,621

25,039

110,769

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

41,667

50,000

Hire purchase contracts

23,280

8,151

64,947

58,151