PFAIRHURST LTD

2022-06-012023-05-312023-05-31false10210458PFAIRHURST LTD2023-08-30iso4217:GBPxbrli:pure102104582022-06-01102104582023-05-31102104582022-06-012023-05-31102104582021-06-01102104582022-05-31102104582021-06-012022-05-3110210458bus:SmallEntities2022-06-012023-05-3110210458bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3110210458bus:FullAccounts2022-06-012023-05-3110210458bus:PrivateLimitedCompanyLtd2022-06-012023-05-3110210458core:WithinOneYear2023-05-3110210458core:AfterOneYear2023-05-3110210458core:WithinOneYear2022-05-3110210458core:AfterOneYear2022-05-3110210458core:ShareCapital2023-05-3110210458core:SharePremium2023-05-3110210458core:RevaluationReserve2023-05-3110210458core:OtherReservesSubtotal2023-05-3110210458core:RetainedEarningsAccumulatedLosses2023-05-3110210458core:ShareCapital2022-05-3110210458core:SharePremium2022-05-3110210458core:RevaluationReserve2022-05-3110210458core:OtherReservesSubtotal2022-05-3110210458core:RetainedEarningsAccumulatedLosses2022-05-3110210458core:LandBuildings2023-05-3110210458core:PlantMachinery2023-05-3110210458core:Vehicles2023-05-3110210458core:FurnitureFittings2023-05-3110210458core:OfficeEquipment2023-05-3110210458core:NetGoodwill2023-05-3110210458core:IntangibleAssetsOtherThanGoodwill2023-05-3110210458core:ListedExchangeTraded2023-05-3110210458core:UnlistedNon-exchangeTraded2023-05-3110210458core:LandBuildings2022-05-3110210458core:PlantMachinery2022-05-3110210458core:Vehicles2022-05-3110210458core:FurnitureFittings2022-05-3110210458core:OfficeEquipment2022-05-3110210458core:NetGoodwill2022-05-3110210458core:IntangibleAssetsOtherThanGoodwill2022-05-3110210458core:ListedExchangeTraded2022-05-3110210458core:UnlistedNon-exchangeTraded2022-05-3110210458core:LandBuildings2022-06-012023-05-3110210458core:PlantMachinery2022-06-012023-05-3110210458core:Vehicles2022-06-012023-05-3110210458core:FurnitureFittings2022-06-012023-05-3110210458core:OfficeEquipment2022-06-012023-05-3110210458core:NetGoodwill2022-06-012023-05-3110210458core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110210458core:ListedExchangeTraded2022-06-012023-05-3110210458core:UnlistedNon-exchangeTraded2022-06-012023-05-3110210458core:MoreThanFiveYears2022-06-012023-05-3110210458core:Non-currentFinancialInstruments2023-05-3110210458core:Non-currentFinancialInstruments2022-05-3110210458dpl:CostSales2022-06-012023-05-3110210458dpl:DistributionCosts2022-06-012023-05-3110210458dpl:AdministrativeExpenses2022-06-012023-05-3110210458core:LandBuildings2022-06-012023-05-3110210458core:PlantMachinery2022-06-012023-05-3110210458core:Vehicles2022-06-012023-05-3110210458core:FurnitureFittings2022-06-012023-05-3110210458core:OfficeEquipment2022-06-012023-05-3110210458core:NetGoodwill2022-06-012023-05-3110210458core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110210458dpl:GroupUndertakings2022-06-012023-05-3110210458dpl:ParticipatingInterests2022-06-012023-05-3110210458dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3110210458core:ListedExchangeTraded2022-06-012023-05-3110210458dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3110210458core:UnlistedNon-exchangeTraded2022-06-012023-05-3110210458dpl:CostSales2021-06-012022-05-3110210458dpl:DistributionCosts2021-06-012022-05-3110210458dpl:AdministrativeExpenses2021-06-012022-05-3110210458core:LandBuildings2021-06-012022-05-3110210458core:PlantMachinery2021-06-012022-05-3110210458core:Vehicles2021-06-012022-05-3110210458core:FurnitureFittings2021-06-012022-05-3110210458core:OfficeEquipment2021-06-012022-05-3110210458core:NetGoodwill2021-06-012022-05-3110210458core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3110210458dpl:GroupUndertakings2021-06-012022-05-3110210458dpl:ParticipatingInterests2021-06-012022-05-3110210458dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3110210458core:ListedExchangeTraded2021-06-012022-05-3110210458dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3110210458core:UnlistedNon-exchangeTraded2021-06-012022-05-3110210458core:NetGoodwill2023-05-3110210458core:IntangibleAssetsOtherThanGoodwill2023-05-3110210458core:LandBuildings2023-05-3110210458core:PlantMachinery2023-05-3110210458core:Vehicles2023-05-3110210458core:FurnitureFittings2023-05-3110210458core:OfficeEquipment2023-05-3110210458core:AfterOneYear2023-05-3110210458core:WithinOneYear2023-05-3110210458core:ListedExchangeTraded2023-05-3110210458core:UnlistedNon-exchangeTraded2023-05-3110210458core:ShareCapital2023-05-3110210458core:SharePremium2023-05-3110210458core:RevaluationReserve2023-05-3110210458core:OtherReservesSubtotal2023-05-3110210458core:RetainedEarningsAccumulatedLosses2023-05-3110210458core:NetGoodwill2022-05-3110210458core:IntangibleAssetsOtherThanGoodwill2022-05-3110210458core:LandBuildings2022-05-3110210458core:PlantMachinery2022-05-3110210458core:Vehicles2022-05-3110210458core:FurnitureFittings2022-05-3110210458core:OfficeEquipment2022-05-3110210458core:AfterOneYear2022-05-3110210458core:WithinOneYear2022-05-3110210458core:ListedExchange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PFAIRHURST LTD

Registered Number
10210458
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

PFAIRHURST LTD

Company Information
for the year from 1 June 2022 to 31 May 2023


Directors	Paul Fairhurst
	Erica Fairhurst


Registered Address	Walker House
	Market Place
	Somerton
	TA11 7LZ


Registered Number	10210458 (England and Wales)

PFAIRHURST LTD

Balance Sheet as at
31 May 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	7		19,798		27,919
			19,798		27,919
Current assets
Stocks	9	2,300		-
Debtors	10	4,836		1,294
Cash at bank and on hand		4,786		50,744
		11,922		52,038
Creditors amounts falling due within one year	11	(9,277)		(38,159)
Net current assets (liabilities)			2,645		13,879
Total assets less current liabilities			22,443		41,798
Net assets			22,443		41,798
Capital and reserves
Called up share capital			3		3
Profit and loss account			22,440		41,795
Shareholders' funds			22,443		41,798

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 30 August 2023, and are signed on its behalf by:

Paul Fairhurst
Director
Registered Company No. 10210458

PFAIRHURST LTD

Notes to the Financial Statements
for the year ended 31 May 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	Design and project management of construction of conservatories.

4.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Intangible assets policy
	Has been fully amortised

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	Under the going concern basis of accounting, the financial statements are prepared on the assumption that the entity is a going concern and will continue its operations for the foreseeable future.

5.	Employee information


		2023		2022
	Average number of employees during the year	2		2

6.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 22	62,385	62,385
At 31 May 23	62,385	62,385
Amortisation and impairment
At 01 June 22	62,385	62,385
At 31 May 23	62,385	62,385
Net book value
At 31 May 23	-	-
At 31 May 22	-	-

7.	Property, plant and equipment

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 June 22	-	2,336	33,500	340	5,006	41,182
Additions	-	-	22,995	-	1,166	24,161
Disposals	-	-	(33,500)	-	-	(33,500)
At 31 May 23	-	2,336	22,995	340	6,172	31,843
Depreciation and impairment
At 01 June 22	1,079	-	8,375	85	3,724	13,263
Charge for year	-	307	5,749	64	1,037	7,157
On disposals	-	-	(8,375)	-	-	(8,375)
At 31 May 23	1,079	307	5,749	149	4,761	12,045
Net book value
At 31 May 23	(1,079)	2,029	17,246	191	1,411	19,798
At 31 May 22	(1,079)	2,336	25,125	255	1,282	27,919

8.	Dividends proposed and payable

	2023	2022
	£	£
Dividends Paid	38,250	36,000
Total	38,250	36,000

9.	Stocks

	2023	2022
	£	£
Work in progress	2,300	-
Total	2,300	-

10.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	4,434	-
Prepayments and accrued income	402	1,294
Total	4,836	1,294


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

11.	Creditors within one year

	2023	2022
	£	£
Bank borrowings and overdrafts	3,714	7,101
Amounts owed to related parties	671	2,759
Taxation and social security	3,413	25,304
Other creditors	-	2,095
Accrued liabilities and deferred income	1,479	900
Total	9,277	38,159


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.