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REGISTERED NUMBER: 09428516 (England and Wales)















Unaudited Financial Statements

for the Year Ended

28 February 2023

for

SD Buzzard Construction Ltd

SD Buzzard Construction Ltd (Registered number: 09428516)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SD Buzzard Construction Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S D Buzzard
C J Buzzard





REGISTERED OFFICE: 67 Tymecrosse Gardens
Market Harborough
Leicestershire
LE16 7US





REGISTERED NUMBER: 09428516 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SD Buzzard Construction Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SD Buzzard Construction Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SD Buzzard Construction Ltd, as a body, in accordance with the terms of our engagement letter dated 7 May 2015. Our work has been undertaken solely to prepare for your approval the financial statements of SD Buzzard Construction Ltd and state those matters that we have agreed to state to the Board of Directors of SD Buzzard Construction Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SD Buzzard Construction Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SD Buzzard Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SD Buzzard Construction Ltd. You consider that SD Buzzard Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SD Buzzard Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


22 November 2023

SD Buzzard Construction Ltd (Registered number: 09428516)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,287 379,475

CURRENT ASSETS
Debtors 5 42,676 12,130
Cash at bank 119,640 74,962
162,316 87,092
CREDITORS
Amounts falling due within one year 6 153,788 134,180
NET CURRENT ASSETS/(LIABILITIES) 8,528 (47,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,815

332,387

CREDITORS
Amounts falling due after more than
one year

7

(79,980

)

(103,325

)

PROVISIONS FOR LIABILITIES (94,322 ) (63,353 )
NET ASSETS 211,513 165,709

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 211,413 165,609
SHAREHOLDERS' FUNDS 211,513 165,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SD Buzzard Construction Ltd (Registered number: 09428516)

Balance Sheet - continued
28 February 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 22 November 2023 and were signed on its behalf by:





S D Buzzard - Director


SD Buzzard Construction Ltd (Registered number: 09428516)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

SD Buzzard 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.

Turnover
Turnover represents the value of services provided, excluding value added tax, to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a service is only partly completed at the balance sheet date turnover is based on a proportion of the total expected consideration at completion.

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 - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

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 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.

SD Buzzard Construction Ltd (Registered number: 09428516)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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.

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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 478,934 70,353 1,939 551,226
Additions 101,708 - 1,474 103,182
Disposals (47,750 ) - - (47,750 )
Transfer to ownership (72,195 ) (15,200 ) - (87,395 )
Reclassification/transfer 72,195 15,200 - 87,395
At 28 February 2023 532,892 70,353 3,413 606,658
DEPRECIATION
At 1 March 2022 135,987 34,028 1,736 171,751
Charge for year 62,209 12,636 593 75,438
Eliminated on disposal (17,818 ) - - (17,818 )
At 28 February 2023 180,378 46,664 2,329 229,371
NET BOOK VALUE
At 28 February 2023 352,514 23,689 1,084 377,287
At 28 February 2022 342,947 36,325 203 379,475

SD Buzzard Construction Ltd (Registered number: 09428516)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 316,916 45,627 362,543
Disposals (47,750 ) - (47,750 )
Transfer to ownership (72,195 ) (15,200 ) (87,395 )
At 28 February 2023 196,971 30,427 227,398
DEPRECIATION
At 1 March 2022 79,304 18,938 98,242
Charge for year 46,469 13,455 59,924
Eliminated on disposal (17,818 ) - (17,818 )
Transfer to ownership (44,967 ) (11,593 ) (56,560 )
At 28 February 2023 62,988 20,800 83,788
NET BOOK VALUE
At 28 February 2023 133,983 9,627 143,610
At 28 February 2022 237,612 26,689 264,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 10,590 4,683
Corporation tax refund 1,390 7,447
Prepayments and accrued income 30,696 -
42,676 12,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 35,232 55,199
Trade creditors 79,121 41,005
Corporation tax 17,350 -
Social security and other taxes 3,570 2,327
VAT 13,113 27,295
Other creditors 91 36
Directors' current accounts 2,491 5,740
Accruals and deferred income 2,820 2,578
153,788 134,180

SD Buzzard Construction Ltd (Registered number: 09428516)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 79,980 103,325

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 115,212 158,524

The hire purchase creditor is secured on the assets to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £1,937 (2022 - £6,584).