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REGISTERED NUMBER: 04164692 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Sporn Construction Limited

Sporn Construction Limited (Registered number: 04164692)

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


Sporn Construction Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr R Sporn
Mrs D Sporn





REGISTERED OFFICE: Unit 3 Willows Gate
Stoke Lyne Road
Stratton Audley
Bicester
Oxfordshire
OX27 9AU





REGISTERED NUMBER: 04164692 (England and Wales)





ACCOUNTANTS: David Lindon & Co
Chartered Accountants
Avaland House
110 London Road
Hemel Hempstead
Hertfordshire
HP3 9SD

Sporn Construction Limited (Registered number: 04164692)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,777 15,552
Tangible assets 5 187,886 204,006
195,663 219,558

CURRENT ASSETS
Debtors 6 1,203,351 637,029
Cash at bank 43 151,223
1,203,394 788,252
CREDITORS
Amounts falling due within one year 7 856,511 494,281
NET CURRENT ASSETS 346,883 293,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,546

513,529

CREDITORS
Amounts falling due after more than one
year

8

(117,067

)

(143,412

)

PROVISIONS FOR LIABILITIES (24,350 ) (16,637 )
NET ASSETS 401,129 353,480

Sporn Construction Limited (Registered number: 04164692)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2,002 2,002
Retained earnings 399,127 351,478
SHAREHOLDERS' FUNDS 401,129 353,480

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mr R Sporn - Director


Sporn Construction Limited (Registered number: 04164692)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Sporn 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. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Sporn Construction Limited (Registered number: 04164692)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes towards employees defined contribution pension schemes. Contributions payable to employees' pension schemes are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 17 ) .

Sporn Construction Limited (Registered number: 04164692)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 155,502
AMORTISATION
At 1 April 2022 139,950
Amortisation for year 7,775
At 31 March 2023 147,725
NET BOOK VALUE
At 31 March 2023 7,777
At 31 March 2022 15,552

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 52,672 2,612 231,037 34,725 321,046
Additions 7,362 - - 969 8,331
At 31 March 2023 60,034 2,612 231,037 35,694 329,377
DEPRECIATION
At 1 April 2022 30,667 2,024 55,719 28,630 117,040
Charge for year 6,008 157 15,413 2,873 24,451
At 31 March 2023 36,675 2,181 71,132 31,503 141,491
NET BOOK VALUE
At 31 March 2023 23,359 431 159,905 4,191 187,886
At 31 March 2022 22,005 588 175,318 6,095 204,006

Sporn Construction Limited (Registered number: 04164692)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 184,827
DEPRECIATION
At 1 April 2022 15,672
Charge for year 13,869
At 31 March 2023 29,541
NET BOOK VALUE
At 31 March 2023 155,286
At 31 March 2022 169,155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 413,476 296,917
Other debtors 3,250 3,250
Tax 33,119 -
VAT 38,793 -
Prepayments and accrued income 714,713 336,862
1,203,351 637,029

Sporn Construction Limited (Registered number: 04164692)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,174 -
Hire purchase contracts and finance leases 26,344 25,089
Trade creditors 654,444 358,649
Corporation tax 24,176 -
Social security and other taxes 30,007 13,015
VAT - 39,308
Other creditors 83,569 54,412
Directors' current accounts 1,624 1,000
Accruals 3,173 2,808
856,511 494,281

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases 117,067 143,412

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
2,002 2,002