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REGISTERED NUMBER: 13509139 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Southgate Construction Ltd

Southgate Construction Ltd (Registered number: 13509139)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Southgate Construction Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: F M J Lagden
M J Lagden





REGISTERED OFFICE: 174 Marlborough Road
Romford
RM7 8AL





REGISTERED NUMBER: 13509139 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Southgate Construction Ltd (Registered number: 13509139)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,794 417

CURRENT ASSETS
Debtors 5 - 4,331
Cash at bank 7,760 60,177
7,760 64,508
CREDITORS
Amounts falling due within one year 6 26,099 24,303
NET CURRENT (LIABILITIES)/ASSETS (18,339 ) 40,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,455

40,622

CREDITORS
Amounts falling due after more than one
year

7

-

11,849
NET ASSETS 32,455 28,773

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,355 28,673
32,455 28,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Southgate Construction Ltd (Registered number: 13509139)

Statement of Financial Position - continued
31 July 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 12 February 2024 and were signed on its behalf by:





F M J Lagden - Director


Southgate Construction Ltd (Registered number: 13509139)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Southgate 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Southgate Construction Ltd (Registered number: 13509139)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 - 541 541
Additions 56,429 - 56,429
At 31 July 2023 56,429 541 56,970
DEPRECIATION
At 1 August 2022 - 124 124
Charge for year 6,021 31 6,052
At 31 July 2023 6,021 155 6,176
NET BOOK VALUE
At 31 July 2023 50,408 386 50,794
At 31 July 2022 - 417 417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 4,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 596 596
Taxation and social security 6,561 23,707
Other creditors 18,942 -
26,099 24,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors - 11,849