S&G Homes Ltd 09724423 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of residential property development. Digita Accounts Production Advanced 6.30.9574.0 true 09724423 2022-04-01 2023-03-31 09724423 2023-03-31 09724423 core:RetainedEarningsAccumulatedLosses 2023-03-31 09724423 core:ShareCapital 2023-03-31 09724423 core:CurrentFinancialInstruments 2023-03-31 09724423 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09724423 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09724423 bus:SmallEntities 2022-04-01 2023-03-31 09724423 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09724423 bus:FullAccounts 2022-04-01 2023-03-31 09724423 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09724423 bus:RegisteredOffice 2022-04-01 2023-03-31 09724423 bus:Director1 2022-04-01 2023-03-31 09724423 bus:Director2 2022-04-01 2023-03-31 09724423 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09724423 countries:EnglandWales 2022-04-01 2023-03-31 09724423 2020-10-01 2022-03-31 09724423 2022-03-31 09724423 core:RetainedEarningsAccumulatedLosses 2022-03-31 09724423 core:ShareCapital 2022-03-31 09724423 core:CurrentFinancialInstruments 2022-03-31 09724423 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09724423 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09724423

S&G Homes Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

S&G Homes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

S&G Homes Ltd

Company Information

Directors

T G Greatorex

L V Greatorex

Registered office

Beech House
Lower Morton
Bristol
BS35 1LE

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

S&G Homes Ltd

(Registration number: 09724423)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

569,585

26,046

Debtors

73,912

208,031

Cash at bank and in hand

 

12,092

84,124

 

655,589

318,201

Creditors: Amounts falling due within one year

5

(300,220)

(270,799)

Total assets less current liabilities

 

355,369

47,402

Creditors: Amounts falling due after more than one year

5

(354,025)

(43,790)

Net assets

 

1,344

3,612

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,244

3,512

Shareholders' funds

 

1,344

3,612

 

S&G Homes Ltd

(Registration number: 09724423)
Balance Sheet
31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 November 2023 and signed on its behalf by:
 

.........................................
L V Greatorex
Director

 

S&G Homes Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Beech House
Lower Morton
Bristol
BS35 1LE

These financial statements were authorised for issue by the Board on 7 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

S&G Homes Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Stocks

2023
£

2022
£

Work in progress

569,585

26,046

 

S&G Homes Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

29,987

6,210

Taxation and social security

 

-

1,085

Other creditors

 

270,233

263,504

 

300,220

270,799

Due after one year

 

Loans and borrowings

354,025

43,790