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Company registration number: 10250671
Suffolk Building Group Limited
Unaudited filleted financial statements
30 June 2023
Suffolk Building Group Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Suffolk Building Group Limited
Directors and other information
Directors Miles Gullen
Company number 10250671
Registered office 7 Meadow Crescent
Purdis Farm
Ipswich
Suffolk
IP3 8GD
Business address 7 Meadow Crescent
Purdis Farm
Ipswich
Suffolk
IP3 8GD
Accountant Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre, Dunlop Road
Hadleigh Road Industrial Estate
Ipswich, Suffolk
IP2 0UG
Bankers Lloyds
Suffolk Building Group Limited
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Suffolk Building Group Limited
Year ended 30 June 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre, Dunlop Road
Hadleigh Road Industrial Estate
Ipswich, Suffolk
IP2 0UG
7 February 2024
Suffolk Building Group Limited
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,176 1,434
_______ _______
1,176 1,434
Current assets
Debtors 6 1,929 3,194
Cash at bank and in hand 26,817 32,534
_______ _______
28,746 35,728
Creditors: amounts falling due
within one year 7 ( 14,582) ( 15,167)
_______ _______
Net current assets 14,164 20,561
_______ _______
Total assets less current liabilities 15,340 21,995
_______ _______
Net assets 15,340 21,995
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,338 21,993
_______ _______
Shareholders funds 15,340 21,995
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 February 2024 , and are signed on behalf of the board by:
Miles Gullen
Director
Company registration number: 10250671
Suffolk Building Group Limited
Statement of changes in equity
Year ended 30 June 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 2 21,736 21,738
Profit for the year 33,607 33,607
_______ _______ _______
Total comprehensive income for the year - 33,607 33,607
Dividends paid and payable ( 33,350) ( 33,350)
_______ _______ _______
Total investments by and distributions to owners - ( 33,350) ( 33,350)
_______ _______ _______
At 30 June 2022 and 1 July 2022 2 21,993 21,995
Profit for the year 29,345 29,345
_______ _______ _______
Total comprehensive income for the year - 29,345 29,345
Dividends paid and payable ( 36,000) ( 36,000)
_______ _______ _______
Total investments by and distributions to owners - ( 36,000) ( 36,000)
_______ _______ _______
At 30 June 2023 2 15,338 15,340
_______ _______ _______
Suffolk Building Group Limited
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 7 Meadow Crescent, Purdis Farm, Ipswich, Suffolk, IP3 8GD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 July 2022 and 30 June 2023 295 2,901 3,196
_______ _______ _______
Depreciation
At 1 July 2022 206 1,556 1,762
Charge for the year 16 242 258
_______ _______ _______
At 30 June 2023 222 1,798 2,020
_______ _______ _______
Carrying amount
At 30 June 2023 73 1,103 1,176
_______ _______ _______
At 30 June 2022 89 1,345 1,434
_______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 1,929 3,194
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 6,943 7,956
Social security and other taxes 6,465 6,302
Other creditors 1,174 909
_______ _______
14,582 15,167
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Miles Gullen ( 309) 36,500 ( 36,765) ( 574)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Miles Gullen ( 760) 30,265 ( 29,814) ( 309)
_______ _______ _______ _______