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REGISTERED NUMBER: 02817891 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Stafford Construction Ltd

Stafford Construction Ltd (Registered number: 02817891)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stafford Construction Ltd

Company Information
for the Year Ended 30 June 2023







Directors: Mrs G Jones
P S Jones
B S Jones





Secretary: Mrs G Jones





Registered office: 107 Bethania Street
Maesteg
Bridgend
CF34 9EX





Registered number: 02817891 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Stafford Construction Ltd (Registered number: 02817891)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 257,105 263,052
Investment property 5 150,000 150,000
407,105 413,052

Current assets
Stocks 138,599 135,599
Debtors 6 121,065 79,115
Prepayments and accrued income 2,603 597
Cash at bank 6,228 23,678
268,495 238,989
Creditors
Amounts falling due within one year 7 264,824 234,045
Net current assets 3,671 4,944
Total assets less current liabilities 410,776 417,996

Provisions for liabilities 6,284 7,382
Net assets 404,492 410,614

Capital and reserves
Called up share capital 100 100
Share premium 20,907 20,907
Fair value reserve 8 106,164 106,164
Retained earnings 277,321 283,443
Shareholders' funds 404,492 410,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Stafford Construction Ltd (Registered number: 02817891)

Statement of Financial Position - continued
30 June 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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





B S Jones - Director


Stafford Construction Ltd (Registered number: 02817891)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Stafford Construction Ltd 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.

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 as modified by the revaluation of certain assets.

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

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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Stafford Construction Ltd (Registered number: 02817891)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 8 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1 July 2022 223,242 97,163 320,405
Additions - 1,979 1,979
At 30 June 2023 223,242 99,142 322,384
Depreciation
At 1 July 2022 - 57,353 57,353
Charge for year - 7,926 7,926
At 30 June 2023 - 65,279 65,279
Net book value
At 30 June 2023 223,242 33,863 257,105
At 30 June 2022 223,242 39,810 263,052

Cost or valuation at 30 June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 36,743 - 36,743
Cost 186,499 99,142 285,641
223,242 99,142 322,384

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 186,499 186,499

Freehold land and buildings were valued on an open market basis on 30 April 2009 by Peter Alan and Partners .

Stafford Construction Ltd (Registered number: 02817891)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. Tangible fixed assets - continued

The directors still consider this valuation to be reasonable at 30th June 2023

.

5. Investment property
Total
£   
Fair value
At 1 July 2022
and 30 June 2023 150,000
Net book value
At 30 June 2023 150,000
At 30 June 2022 150,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2010 47,453
Valuation in 2022 21,968
Cost 80,579
150,000

If Investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 80,579 -

Investment Property was valued on an open market value basis on 30 June 2022 by the directors .

The Directors consider the valuation to be reasonable as at 30th June 2023

6. Debtors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Trade debtors 121,065 79,115

7. Creditors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Trade creditors 22,382 49,628
Taxation and social security 44,101 29,076
Other creditors 198,341 155,341
264,824 234,045

Stafford Construction Ltd (Registered number: 02817891)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. Reserves
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 106,164