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Company Registration No. 06204119 (England and Wales)
Steve Harrison Builders Limited Unaudited accounts for the year ended 31 July 2023
Steve Harrison Builders Limited Unaudited accounts Contents
Page
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Steve Harrison Builders Limited Company Information for the year ended 31 July 2023
Director
M B Heaton
Company Number
06204119 (England and Wales)
Registered Office
39 Colchester Drive Farnworth Bolton BL4 0LU England
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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Steve Harrison Builders Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,000 
20,000 
Tangible assets
3,425 
4,030 
23,425 
24,030 
Current assets
Inventories
798 
700 
Debtors
1,266 
- 
Cash at bank and in hand
23,835 
12,852 
25,899 
13,552 
Creditors: amounts falling due within one year
(10,022)
(10,348)
Net current assets
15,877 
3,204 
Total assets less current liabilities
39,302 
27,234 
Provisions for liabilities
Deferred tax
(651)
(766)
Net assets
38,651 
26,468 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
38,550 
26,367 
Shareholders' funds
38,651 
26,468 
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 March 2024 and were signed on its behalf by
M B Heaton Director Company Registration No. 06204119
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Steve Harrison Builders Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Steve Harrison Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 06204119. The registered office is 39 Colchester Drive, Farnworth, Bolton, BL4 0LU, England.
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
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is not amortised over its useful life.
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Steve Harrison Builders Limited Notes to the Accounts for the year ended 31 July 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 August 2022
20,000 
At 31 July 2023
20,000 
Amortisation
At 1 August 2022
- 
At 31 July 2023
- 
Net book value
At 31 July 2023
20,000 
At 31 July 2022
20,000 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
13,792 
At 31 July 2023
13,792 
Depreciation
At 1 August 2022
9,762 
Charge for the year
605 
At 31 July 2023
10,367 
Net book value
At 31 July 2023
3,425 
At 31 July 2022
4,030 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 Ordinary B shares of £1 each
1 
1 
101 
101 
7
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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