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REGISTERED NUMBER: 06854496 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023

FOR

SEER CONSTRUCTION LIMITED

SEER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06854496)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEER CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DIRECTORS: G J Rees
A J Rees
T W Rees
P G Rees





SECRETARY: Mr. G J Rees





REGISTERED OFFICE: Glan Pant Fields
Bwlch
Brecon
Powys
LD3 7JL





REGISTERED NUMBER: 06854496 (England and Wales)





ACCOUNTANTS: The Dewan Partnership
Chartered Certified Accountants
8 Wheat Street
Brecon
Powys
LD3 7DG

SEER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06854496)

BALANCE SHEET
30 MARCH 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,102,954 1,345,058

CURRENT ASSETS
Stocks 179,444 80,765
Debtors 5 1,164,216 893,522
1,343,660 974,287
CREDITORS
Amounts falling due within one year 6 1,022,851 981,046
NET CURRENT ASSETS/(LIABILITIES) 320,809 (6,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,423,763

1,338,299

CREDITORS
Amounts falling due after more than one
year

7

383,574

420,538
NET ASSETS 1,040,189 917,761

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8 1,039,989 917,561
SHAREHOLDERS' FUNDS 1,040,189 917,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

SEER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06854496)

BALANCE SHEET - continued
30 MARCH 2023


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 12 September 2023 and were signed on its behalf by:





A J Rees - Director


SEER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06854496)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1. STATUTORY INFORMATION

Seer Construction 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 represents work invoiced in year together with working in progress net of value added tax

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 31 March 2022 345,100 2,286,584 16,603 461,051 3,109,338
Additions - 284,318 994 - 285,312
Disposals - (274,800 ) - - (274,800 )
At 30 March 2023 345,100 2,296,102 17,597 461,051 3,119,850
DEPRECIATION
At 31 March 2022 - 1,381,113 9,856 373,311 1,764,280
Charge for year - 221,372 1,935 29,309 252,616
At 30 March 2023 - 1,602,485 11,791 402,620 2,016,896
NET BOOK VALUE
At 30 March 2023 345,100 693,617 5,806 58,431 1,102,954
At 30 March 2022 345,100 905,471 6,747 87,740 1,345,058

SEER CONSTRUCTION LIMITED (REGISTERED NUMBER: 06854496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade debtors 751,161 419,521
Other debtors 413,055 474,001
1,164,216 893,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Bank loans and overdrafts 156,914 85,361
Hire purchase contracts 208,706 252,120
Trade creditors 524,164 604,823
Taxation and social security 70,729 10,452
Other creditors 62,338 28,290
1,022,851 981,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.23 30.3.22
£    £   
Bank loans 149,798 205,376
Hire purchase contracts 233,776 215,162
383,574 420,538

8. RESERVES
Retained
earnings
£   

At 31 March 2022 917,561
Profit for the year 124,428
Dividends (2,000 )
At 30 March 2023 1,039,989