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COMPANY REGISTRATION NUMBER: 11636922
SANDHA BROTHERS CONSTRUCTION LTD
Filleted Unaudited Financial Statements
31 January 2023
SANDHA BROTHERS CONSTRUCTION LTD
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
4,916
6,146
Current assets
Stocks
8,000
10,460
Debtors
6
23,448
19,773
Cash at bank and in hand
3,097
5,574
--------
--------
34,545
35,807
Creditors: amounts falling due within one year
7
19,474
18,588
--------
--------
Net current assets
15,071
17,219
--------
--------
Total assets less current liabilities
19,987
23,365
Creditors: amounts falling due after more than one year
8
14,572
18,772
--------
--------
Net assets
5,415
4,593
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,315
4,493
-------
-------
Shareholders funds
5,415
4,593
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SANDHA BROTHERS CONSTRUCTION LTD
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 21 August 2023 , and are signed on behalf of the board by:
Mr S SINGH
Director
Company registration number: 11636922
SANDHA BROTHERS CONSTRUCTION LTD
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 PRINCES PARK LANE, HAYES, UB3 1JX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
18% reducing balance
Equipment
-
18% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 5 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 February 2022 and 31 January 2023
9,400
2,097
11,497
-------
-------
--------
Depreciation
At 1 February 2022
4,587
764
5,351
Charge for the year
963
267
1,230
-------
-------
--------
At 31 January 2023
5,550
1,031
6,581
-------
-------
--------
Carrying amount
At 31 January 2023
3,850
1,066
4,916
-------
-------
--------
At 31 January 2022
4,813
1,333
6,146
-------
-------
--------
6. Debtors
2023
2022
£
£
Other debtors
23,448
19,773
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
12,897
7,990
Social security and other taxes
2,455
7,797
Other creditors
4,122
2,801
--------
--------
19,474
18,588
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bounce back loan
14,572
18,772
--------
--------
9. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
10. Related party transactions
The company was under the control of Mr S SINGH throughout the current year. Mr S SINGH is the managing director and 100% shareholder.