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REGISTERED NUMBER: 03931176 (England and Wales)








Unaudited Financial Statements

for the Year Ended 28 February 2023

for

SJB Builders (Southern Counties) Limited

SJB Builders (Southern Counties) Limited (Registered number: 03931176)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SJB Builders (Southern Counties) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S J Barnett





SECRETARY: Mrs L C Barnett





REGISTERED OFFICE: 221 Twyford Road
Eastleigh
Hampshire
SO50 4HT





REGISTERED NUMBER: 03931176 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

SJB Builders (Southern Counties) Limited (Registered number: 03931176)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,336 12,347

CURRENT ASSETS
Debtors 5 8,741 5,110
Cash at bank 7,827 3
16,568 5,113
CREDITORS
Amounts falling due within one year 6 23,993 23,636
NET CURRENT LIABILITIES (7,425 ) (18,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,911

(6,176

)

PROVISIONS FOR LIABILITIES 7 1,774 374
NET ASSETS/(LIABILITIES) 137 (6,550 )

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 134 (6,553 )
SHAREHOLDERS' FUNDS 137 (6,550 )

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:



S J Barnett - Director


SJB Builders (Southern Counties) Limited (Registered number: 03931176)

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

1. STATUTORY INFORMATION

SJB Builders (Southern Counties) 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.

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.

Turnover represents net invoiced sales of goods and services, excluding value added tax, adjusted for accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 20% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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.


SJB Builders (Southern Counties) Limited (Registered number: 03931176)

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

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant & Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 3,192 1,358 23,257 27,807
DEPRECIATION
At 1 March 2022 2,232 1,084 12,144 15,460
Charge for year 192 41 2,778 3,011
At 28 February 2023 2,424 1,125 14,922 18,471
NET BOOK VALUE
At 28 February 2023 768 233 8,335 9,336
At 28 February 2022 960 274 11,113 12,347

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 8,741 936
Other debtors - 4,174
8,741 5,110

SJB Builders (Southern Counties) Limited (Registered number: 03931176)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 3,408
Trade creditors 5,262 1,246
Taxation and social security 4,094 1,139
Other creditors 14,637 17,843
23,993 23,636

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred taxation 1,774 374

Deferred
tax
£   
Balance at 1 March 2022 374
Movement in accelerated
capital allowances (572 )
In respect of tax losses
carried forward 1,972
Balance at 28 February 2023 1,774

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
3 Ordinary £1 3 3

9. RELATED PARTY DISCLOSURES

The company is owned and controlled, by S J Barnett, the sole director of the company.