Noel Sharman Building Services Limited Filleted Accounts Cover
Noel Sharman Building Services Limited
Company No. 07295407
Information for Filing with The Registrar
31 March 2023
Noel Sharman Building Services Limited Balance Sheet Registrar
at
31 March 2023
Company No.
07295407
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
640915
640915
Current assets
Cash at bank and in hand
107,85397,899
107,85397,899
Creditors: Amount falling due within one year
5
(68,199)
(66,519)
Net current assets
39,65431,380
Total assets less current liabilities
40,29432,295
Provisions for liabilities
Deferred taxation
(121)
-
Net assets
40,17332,295
Capital and reserves
Called up share capital
22
Profit and loss account
6
40,17132,293
Total equity
40,17332,295
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 18 September 2023
And signed on its behalf by:
N. Sharman
Director
18 September 2023
Noel Sharman Building Services Limited Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 07295407
Its registered office is:
Hillside
Trewarmett
Tintagel
Cornwall
PL34 0ET
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
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 completion of individual short term building contracts.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
33% over 3 years
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.
Stocks
Stock is valued at the lower of cost and net realisable value.
Trade and other debtors
Short term debtors are measured at transaction price.
Trade and other creditors
Short term creditors are measured at transaction price.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the
reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle
the obligation and the amount of the obligation can be estimated reliably.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 April 2022
5,4665,466
Additions
160160
Disposals
(3,055)
(3,055)
At 31 March 2023
2,5712,571
Depreciation
At 1 April 2022
4,5514,551
Charge for the year
435435
Disposals
(3,055)
(3,055)
At 31 March 2023
1,9311,931
Net book values
At 31 March 2023
640640
At 31 March 2022
915
915
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
1,509
-
Loans from directors
64,88264,925
Accruals and deferred income
1,8081,594
68,19966,519
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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