Registered number
10464371
Stratton Contractors Limited
Filleted Accounts
30 November 2021
Stratton Contractors Limited
Registered number: 10464371
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 8,626 11,502
Current assets
Cash at bank and in hand 773 272
Creditors: amounts falling due within one year 4 (8,909) (6,059)
Net current liabilities (8,136) (5,787)
Net assets 490 5,715
Capital and reserves
Called up share capital 1 1
Profit and loss account 489 5,714
Shareholder's funds 490 5,715
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Brace
Director
Approved by the board on 5 August 2022
Stratton Contractors Limited
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc 25% reducing balance
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020 28,056
At 30 November 2021 28,056
Depreciation
At 1 December 2020 16,554
Charge for the year 2,876
At 30 November 2021 19,430
Net book value
At 30 November 2021 8,626
At 30 November 2020 11,502
4 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 8,017 3,247
Other creditors 892 2,812
8,909 6,059
5 Other information
Stratton Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 4, Sudbury Stables
Sudbury Road
Downham
Essex
CM11 1LB
Stratton Contractors Limited 10464371 false 2020-12-01 2021-11-30 2021-11-30 VT Final Accounts April 2022 Mr N Brace No description of principal activity 10464371 2019-12-01 2020-11-30 10464371 core:WithinOneYear 2020-11-30 10464371 core:ShareCapital 2020-11-30 10464371 core:RetainedEarningsAccumulatedLosses 2020-11-30 10464371 2020-12-01 2021-11-30 10464371 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 10464371 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 10464371 bus:Director40 2020-12-01 2021-11-30 10464371 2 2020-12-01 2021-11-30 10464371 core:PlantMachinery 2020-12-01 2021-11-30 10464371 countries:England 2020-12-01 2021-11-30 10464371 bus:FRS102 2020-12-01 2021-11-30 10464371 bus:FullAccounts 2020-12-01 2021-11-30 10464371 2021-11-30 10464371 core:WithinOneYear 2021-11-30 10464371 core:ShareCapital 2021-11-30 10464371 core:RetainedEarningsAccumulatedLosses 2021-11-30 10464371 core:PlantMachinery 2021-11-30 10464371 2020-11-30 10464371 core:PlantMachinery 2020-11-30 iso4217:GBP xbrli:pure