M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Company Registration Number:
10239941 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 23,701 20,676
Total fixed assets: 23,701 20,676
Current assets
Stocks: 372,069 185,733
Debtors: 4 198,027 173,623
Cash at bank and in hand: 124,324 147,088
Total current assets: 694,420 506,444
Creditors: amounts falling due within one year: 5 (267,414) (301,723)
Net current assets (liabilities): 427,006 204,721
Total assets less current liabilities: 450,707 225,397
Creditors: amounts falling due after more than one year: 6 (12,316) (32,873)
Total net assets (liabilities): 438,391 192,524
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 438,291 192,424
Shareholders funds: 438,391 192,524

The notes form part of these financial statements

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2023
and signed on behalf of the board by:

Name: M K Snutch
Status: Director

The notes form part of these financial statements

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable net of discounts and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets on a reducing balance basis at the following rates:-Plant & Machinery 18%Motor Vehicles 25%Fixtures & Fittings 18%

Other accounting policies

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over their useful lives.Stocks and work in progress are valued at the lower of cost and net realisable value.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 3 4

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 56,245
Additions 15,995
Disposals (27,264)
At 30 June 2023 44,976
Depreciation
At 01 July 2022 35,569
Charge for year 7,713
On disposals (22,007)
At 30 June 2023 21,275
Net book value
At 30 June 2023 23,701
At 30 June 2022 20,676

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

Finance leases 4558Trade creditors 129787Bank loan 10000Other taxes 21257VAT 15115Other creditors 10765Director's loan account 76032

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

Finance leases 4178Bank loan 8138