M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Company Registration Number:
10239941 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Balance sheet

As at 30 June 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 20,676 27,338
Total fixed assets: 20,676 27,338
Current assets
Stocks: 185,733 125,569
Debtors:   173,623 115,540
Cash at bank and in hand: 147,088 159,604
Total current assets: 506,444 400,713
Creditors: amounts falling due within one year: 4 (301,723) (191,290)
Net current assets (liabilities): 204,721 209,423
Total assets less current liabilities: 225,397 236,761
Creditors: amounts falling due after more than one year: 5 (32,873) (53,293)
Total net assets (liabilities): 192,524 183,468
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 192,424 183,368
Shareholders funds: 192,524 183,468

The notes form part of these financial statements

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Balance sheet statements

For the year ending 30 June 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 08 September 2022
and signed on behalf of the board by:

Name: M K Snutch
Status: Director

The notes form part of these financial statements

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost of fixed assets over their expected useful lives at the following rates.Plant & Machinery 18% per annum reducing balanceMotor Vehicles 25% per annum reducing balanceFixtures 18% per annum reducing balance

Other accounting policies

Hire Purchase Contracts: Assets obtained under hire purchase contracts are capitalised as tangible fixed and depreciated over their useful lives.Stocks and Work in Progress are valued at the lower of cost and net realisable value.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding amounts used in computing the taxable profits and is calculated at the tax rate applicable at the end of the reporting period.

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 56,245
At 30 June 2022 56,245
Depreciation
At 01 July 2021 28,907
Charge for year 6,662
At 30 June 2022 35,569
Net book value
At 30 June 2022 20,676
At 30 June 2021 27,338

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Creditors: amounts falling due within one year note

Hire purchase contracts 4,558Trade creditors 173,373Bank loans 10,000Other taxes 11,504VAT 9,603Director's loan 87,354

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

5. Creditors: amounts falling due after more than one year note

Hire purchase contracts 8,735Bank loan 24,138