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REGISTERED NUMBER: 06935794 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

SOUTH BRISTOL CONSTRUCTION LIMITED

SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

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


SOUTH BRISTOL CONSTRUCTION LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C James
S R Chappell
S Chappell





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 06935794 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 412,840 448,223

CURRENT ASSETS
Debtors 5 339,559 315,493
Cash at bank 45,304 51,788
384,863 367,281
CREDITORS
Amounts falling due within one year 6 (376,784 ) (328,742 )
NET CURRENT ASSETS 8,079 38,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,919

486,762

CREDITORS
Amounts falling due after more than one
year

7

(224,749

)

(233,945

)

PROVISIONS FOR LIABILITIES (78,020 ) (84,716 )
NET ASSETS 118,150 168,101

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 118,050 168,001
SHAREHOLDERS' FUNDS 118,150 168,101

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.

SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





S Chappell - Director


SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. COMPANY INFORMATION

South Bristol 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 principal activity of the company in the year under review was that of civil engineering construction and haulage.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related 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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight line.

Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of fair value of the assets and the present value of minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the leases are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of liability.

SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 1,182,179 2,229 2,500 1,186,908
Additions 132,532 - - 132,532
Disposals (104,345 ) - - (104,345 )
At 31 March 2023 1,210,366 2,229 2,500 1,215,095
DEPRECIATION
At 1 April 2022 736,540 1,780 365 738,685
Charge for year 165,250 228 625 166,103
Eliminated on disposal (102,533 ) - - (102,533 )
At 31 March 2023 799,257 2,008 990 802,255
NET BOOK VALUE
At 31 March 2023 411,109 221 1,510 412,840
At 31 March 2022 445,639 449 2,135 448,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80,872 83,364
Accrued income 144,761 50,596
Directors' current accounts 65,523 82,288
Corporation tax - 29,611
S455 tax 31,989 31,989
VAT 14,743 32,817
Prepayments 1,671 4,828
339,559 315,493

SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,218 44,686
Trade creditors 136,947 143,153
Tax 25,005 -
Social security and other tax 9,166 5,187
Other creditors 18,946 19,349
Hire purchase < 1yr 109,279 86,037
Credit card 3,113 11,856
Pension creditor 171 287
Accruals and deferred income 34,939 18,187
376,784 328,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase >1yr 224,749 233,945

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,505 16,380
Between one and five years - 8,505
8,505 24,885

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 334,028 319,982

The hire purchase liabilities are secured against the assets to which they relate, these assets are included within fixed assets and have a combined net book value of £351,795 at the year end.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

SOUTH BRISTOL CONSTRUCTION LIMITED (REGISTERED NUMBER: 06935794)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S Chappell
Balance outstanding at start of year 65,421 78,042
Amounts advanced 1,146 -
Amounts repaid (16,285 ) (12,621 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,282 65,421

C James
Balance outstanding at start of year 16,867 16,870
Amounts advanced 318 -
Amounts repaid (1,944 ) (3 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,241 16,867