Company Registration No. 07159565 (England and Wales)
S & M QUALITY BUILDERS LIMITED
Unaudited accounts
for the year ended 27 February 2023
S & M QUALITY BUILDERS LIMITED
Unaudited accounts
Contents
S & M QUALITY BUILDERS LIMITED
Company Information
for the year ended 27 February 2023
Company Number
07159565 (England and Wales)
Registered Office
4A BUCKLES LANE
SOUTH OCKENDON
RM15 6RS
ENGLAND
Accountants
Ron Matthews
60 Parkdale
Danbury
Chelmsford
Essex
CM3 4EJ
S & M QUALITY BUILDERS LIMITED
Statement of financial position
as at 27 February 2023
Tangible assets
46,311
52,841
Cash at bank and in hand
2,630
257
Creditors: amounts falling due within one year
(107,361)
(72,880)
Net current liabilities
(104,731)
(66,503)
Total assets less current liabilities
(58,420)
(13,662)
Creditors: amounts falling due after more than one year
(52,979)
(74,202)
Net liabilities
(111,399)
(87,864)
Called up share capital
2
2
Capital contribution reserve
11,000
-
Profit and loss account
(122,401)
(87,866)
Shareholders' funds
(111,399)
(87,864)
For the year ending 27 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Charles Manning
Director
Company Registration No. 07159565
S & M QUALITY BUILDERS LIMITED
Notes to the Accounts
for the year ended 27 February 2023
S & M QUALITY BUILDERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07159565. The registered office is 4A BUCKLES LANE, SOUTH OCKENDON, RM15 6RS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 28 February 2022
17,400
63,850
81,250
At 27 February 2023
17,400
63,850
81,250
At 28 February 2022
10,277
18,132
28,409
Charge for the year
2,009
4,521
6,530
At 27 February 2023
12,286
22,653
34,939
At 27 February 2023
5,114
41,197
46,311
At 27 February 2022
7,123
45,718
52,841
Amounts falling due after more than one year
S & M QUALITY BUILDERS LIMITED
Notes to the Accounts
for the year ended 27 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,465
4,086
Other creditors
(436)
(436)
Loans from directors
45,086
67,030
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
22,017
33,017
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).