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Company Registration No. 08617512 (England and Wales)
S2 Construction Limited Unaudited accounts for the year ended 31 July 2023
S2 Construction Limited Unaudited accounts Contents
Page
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S2 Construction Limited Company Information for the year ended 31 July 2023
Director
S Smith
Secretary
J C D'Cruze-Smith
Company Number
08617512 (England and Wales)
Registered Office
29 Ancil Avenue Launton Village Bicester Oxon OX26 5DL England
Accountants
D G Accountancy & Taxation Services 26 Hillary Way Wheatley Oxford Oxfordshire OX33 1UY
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S2 Construction Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,575 
21,217 
Current assets
Inventories
850 
450 
Debtors
101,485 
142,697 
Cash at bank and in hand
86,587 
62,681 
188,922 
205,828 
Creditors: amounts falling due within one year
(73,076)
(58,863)
Net current assets
115,846 
146,965 
Total assets less current liabilities
214,421 
168,182 
Creditors: amounts falling due after more than one year
(56,066)
- 
Provisions for liabilities
Deferred tax
(6,851)
(4,031)
Net assets
151,504 
164,151 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
151,404 
164,051 
Shareholders' funds
151,504 
164,151 
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.
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 21 February 2024 and were signed on its behalf by
S Smith Director Company Registration No. 08617512
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S2 Construction Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
S2 Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 08617512. The registered office is 29 Ancil Avenue, Launton Village, Bicester, Oxon, OX26 5DL, 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
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 & equipment - 25% reducing balance Motor vehicles - 25% reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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S2 Construction Limited Notes to the Accounts for the year ended 31 July 2023
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
11,666 
57,845 
69,511 
Additions
- 
112,616 
112,616 
Disposals
- 
(47,050)
(47,050)
At 31 July 2023
11,666 
123,411 
135,077 
Depreciation
At 1 August 2022
6,232 
42,062 
48,294 
Charge for the year
1,360 
19,635 
20,995 
On disposals
- 
(32,787)
(32,787)
At 31 July 2023
7,592 
28,910 
36,502 
Net book value
At 31 July 2023
4,074 
94,501 
98,575 
At 31 July 2022
5,434 
15,783 
21,217 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
850 
450 
850 
450 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,911 
92,552 
Accrued income and prepayments
1,634 
1,891 
Other debtors
51,940 
48,254 
101,485 
142,697 
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S2 Construction Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,099 
- 
Trade creditors
30,098 
10,394 
Taxes and social security
31,787 
47,394 
Accruals
1,092 
1,075 
73,076 
58,863 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
56,066 
- 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Smith
Advances to director
36,418 
2,756 
- 
39,174 
36,418 
2,756 
- 
39,174 
Included in other debtors are loans made to the director totalling £39,174 (2022 £36,418), which are unsecured, interest free & repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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