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Shropshire Builders Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
690 
14,820 
Current assets
Debtors
9,000 
- 
Cash at bank and in hand
23 
- 
9,023 
- 
Creditors: amounts falling due within one year
(49,870)
(46,409)
Net current liabilities
(40,847)
(46,409)
Total assets less current liabilities
(40,157)
(31,589)
Creditors: amounts falling due after more than one year
(12,600)
(16,500)
Provisions for liabilities
Deferred tax
(130)
(2,815)
Net liabilities
(52,887)
(50,904)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(52,987)
(51,004)
Shareholders' funds
(52,887)
(50,904)
For the year ending 31 December 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 8 April 2024 and were signed on its behalf by
W Evans Director Company Registration No. 08804132
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Shropshire Builders Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Shropshire Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 08804132. The registered office is 24 HANLEY LANE, BAYSTON HILL, SHREWSBURY, SHROPSHIRE, SY3 0JN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
10% per annum on cost
Motor vehicles
25% per annum on cost
Computer equipment
10% per annum on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
10,000 
At 31 December 2023
10,000 
Amortisation
At 1 January 2023
10,000 
At 31 December 2023
10,000 
Net book value
At 31 December 2023
- 
- 2 -
Shropshire Builders Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
11,015 
19,800 
3,208 
34,023 
Disposals
(11,015)
(19,800)
- 
(30,815)
At 31 December 2023
- 
- 
3,208 
3,208 
Depreciation
At 1 January 2023
2,713 
14,311 
2,179 
19,203 
Charge for the year
- 
- 
339 
339 
On disposals
(2,713)
(14,311)
- 
(17,024)
At 31 December 2023
- 
- 
2,518 
2,518 
Net book value
At 31 December 2023
- 
- 
690 
690 
At 31 December 2022
8,302 
5,489 
1,029 
14,820 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,000 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,950 
6,034 
VAT
10,025 
6,214 
Trade creditors
2,866 
4,183 
Taxes and social security
27,614 
25,805 
Loans from directors
3,720 
4,173 
Accruals
695 
- 
49,870 
46,409 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,600 
16,500 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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