Specialist Building Finishes Limited |
Registered number: |
11511115 |
|
Balance Sheet |
as at 31 May 2023 |
|
|
31st May |
31st May |
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
18,618 |
|
|
44 |
Cash at bank and in hand |
|
|
47,102 |
|
|
47,716 |
|
|
|
65,720 |
|
|
47,760 |
|
Creditors: amounts falling due within one year |
4 |
|
(25,499) |
|
|
(23,507) |
|
Net current assets |
|
|
|
40,221 |
|
|
24,253 |
|
Net assets |
|
|
|
40,221 |
|
|
24,253 |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
40,121 |
|
|
24,153 |
|
Shareholders' funds |
|
|
|
40,221 |
|
|
24,253 |
|
|
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
Mr NE Jones |
Director |
Approved by the board on 16 November 2023 |
|
Specialist Building Finishes Limited |
|
Notes to the Accounts |
for the year ended 31 May 2023 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods and services are recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. |
|
31st May |
31st May |
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
31st May |
31st May |
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
18,618 |
|
- |
|
Other debtors |
- |
|
44 |
|
|
|
|
|
|
18,618 |
|
44 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
|
|
Amount owed to connected company |
|
17,000 |
|
17,000 |
|
Other taxation and social security costs |
3,856 |
|
- |
|
Other creditors |
3,727 |
|
5,591 |
|
Director's loan account |
916 |
|
916 |
|
|
|
|
|
|
25,499 |
|
23,507 |
|
|
|
|
|
|
|
|
|
|
31st May |
31st May |
5 |
Related party transactions |
2023 |
|
2022 |
£ |
£ |
|
Mr NE Jones |
|
Director |
|
Monies owed to the director at the year end |
916 |
|
916 |
|
|
|
|
|
|
|
|
|
|
|
Plaster Plus Interiors Limited |
|
Connected company |
|
Mr NE Jones, director, held the beneficial interest |
|
in this business throughout the year and the previous year. |
|
|
Amount due to the related party at the year end |
17,000 |
|
17,000 |
|
|
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Specialist Building Finishes Limited is a private company limited by shares and incorporated in England. The registered office is: |
|
|
Grosvenor House |
|
16 Grosvenor Road |
|
Cheadle Hulme |
|
Stockport |
|
SK8 5QJ |