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REGISTERED NUMBER: 12315332 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SB CONSTRUCTION (DESIGN & BUILD) LIMITED

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SB CONSTRUCTION (DESIGN & BUILD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S J Appleford
B O'Sullivan
W D Harvey





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: 12315332 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,138 -

CURRENT ASSETS
Debtors 5 1,263,628 2,023,189
Cash at bank 1,236,074 1,110,601
2,499,702 3,133,790
CREDITORS
Amounts falling due within one year 6 1,234,499 2,599,980
NET CURRENT ASSETS 1,265,203 533,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,268,341

533,810

CREDITORS
Amounts falling due after more than one
year

7

18,797

28,761
NET ASSETS 1,249,544 505,049

CAPITAL AND RESERVES
Called up share capital 1,100 100
Retained earnings 1,248,444 504,949
SHAREHOLDERS' FUNDS 1,249,544 505,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 6 March 2024 and were signed on its behalf by:





S J Appleford - Director


SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

SB Construction (Design & Build) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the sale of construction services.

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

Computer equipment - 25% on straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

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.

3. EMPLOYEES

The average number of employees during the year was 6 (2022 - 2 ) .

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 3,846
At 30 November 2023 3,846
DEPRECIATION
Charge for year 708
At 30 November 2023 708
NET BOOK VALUE
At 30 November 2023 3,138

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 864,619 1,891,100
Other debtors 49,792 12,400
Work in progress 165,973 48,290
Directors' current accounts - 11,109
Prepayments and accrued income 183,244 60,290
1,263,628 2,023,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 10,028 9,796
Trade creditors 261,980 1,210,256
Tax 441,208 89,476
Social security and other taxes 43,889 53,728
VAT 234,069 609,992
Other creditors 95,766 6,660
Accruals and deferred income 147,559 620,072
1,234,499 2,599,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans - 1-2 years 10,296 10,044
Bank loans - 2-5 years 8,501 18,717
18,797 28,761

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 15,957 13,392
Between one and five years 16,383 12,285
32,340 25,677

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
as restated
£    £   
B O'Sullivan
Balance outstanding at start of year 11,109 -
Amounts advanced 1,444 11,109
Amounts repaid (12,553 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,109

S J Appleford
Balance outstanding at start of year - -
Amounts advanced 532 -
Amounts repaid (532 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -