IRIS Accounts Production v23.3.0.418 06144859 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061448592022-03-31061448592023-03-31061448592022-04-012023-03-31061448592021-03-31061448592021-04-012022-03-31061448592022-03-3106144859ns16:EnglandWales2022-04-012023-03-3106144859ns15:PoundSterling2022-04-012023-03-3106144859ns11:Director12022-04-012023-03-3106144859ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106144859ns11:SmallEntities2022-04-012023-03-3106144859ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106144859ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106144859ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106144859ns11:FullAccounts2022-04-012023-03-3106144859ns11:Director22022-04-012023-03-3106144859ns11:RegisteredOffice2022-04-012023-03-3106144859ns6:CurrentFinancialInstruments2023-03-3106144859ns6:CurrentFinancialInstruments2022-03-3106144859ns6:Non-currentFinancialInstruments2023-03-3106144859ns6:Non-currentFinancialInstruments2022-03-3106144859ns6:ShareCapital2023-03-3106144859ns6:ShareCapital2022-03-3106144859ns6:RetainedEarningsAccumulatedLosses2023-03-3106144859ns6:RetainedEarningsAccumulatedLosses2022-03-3106144859ns6:PlantMachinery2022-04-012023-03-3106144859ns6:MotorVehicles2022-04-012023-03-3106144859ns6:PlantMachinery2022-03-3106144859ns6:PlantMachinery2023-03-3106144859ns6:PlantMachinery2022-03-3106144859ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106144859ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3106144859ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3106144859ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-3106144859ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3106144859ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-31
REGISTERED NUMBER: 06144859 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

S A McSorley Construction Limited

S A McSorley Construction Limited (Registered number: 06144859)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S A McSorley Construction Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S A McSorley





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 06144859 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

S A McSorley Construction Limited (Registered number: 06144859)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,718 4,579

CURRENT ASSETS
Debtors 6 2,083 2,555
Cash at bank and in hand 150,741 95,666
152,824 98,221
CREDITORS
Amounts falling due within one year 7 107,386 57,265
NET CURRENT ASSETS 45,438 40,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,156

45,535

CREDITORS
Amounts falling due after more than one
year

8

(24,000

)

(33,000

)

PROVISIONS FOR LIABILITIES (706 ) (870 )
NET ASSETS 24,450 11,665

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,448 11,663
SHAREHOLDERS' FUNDS 24,450 11,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S A McSorley Construction Limited (Registered number: 06144859)

Balance Sheet - continued
31 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 director and authorised for issue on 2 November 2023 and were signed by:





S A McSorley - Director


S A McSorley Construction Limited (Registered number: 06144859)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

S A McSorley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Income is recognised during the year when the company provides goods and services.

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
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

S A McSorley Construction Limited (Registered number: 06144859)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 37,429
Additions 433
At 31 March 2023 37,862
DEPRECIATION
At 1 April 2022 32,850
Charge for year 1,294
At 31 March 2023 34,144
NET BOOK VALUE
At 31 March 2023 3,718
At 31 March 2022 4,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 735
Other debtors 2,083 1,820
2,083 2,555

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors and accruals 1,200 8,278
Tax 10,215 7,321
Other creditors 15,499 32,666
Directors' current accounts 71,472 -
107,386 57,265

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 9,000 9,000
Bank loans - 2-5 years 15,000 24,000
24,000 33,000