Company Registration No. 09106180 (England and Wales)
Sedona Civils Ltd
Unaudited accounts
for the year ended 30 June 2023
Sedona Civils Ltd
Unaudited accounts
Contents
Sedona Civils Ltd
Company Information
for the year ended 30 June 2023
Company Number
09106180 (England and Wales)
Registered Office
White Acres, Hearts Delight Road
Tunstall
Sittingbourne
Kent
ME9 8JA
Accountants
Attire Accounting Limited
45 Granville Drive
Herne Bay
Kent
CT6 7QZ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Sedona Civils Ltd
for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sedona Civils Ltd for the year ended
30 June 2023 as set out on pages
5 -
9 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Sedona Civils Ltd, as a body, in accordance with the terms of our engagement letter dated 14 November 2014. Our work has been undertaken solely to prepare for your approval the accounts of Sedona Civils Ltd and state those matters that we have agreed to state to the Board of Directors of Sedona Civils Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sedona Civils Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sedona Civils Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sedona Civils Ltd. You consider that Sedona Civils Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sedona Civils Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Attire Accounting Limited
Chartered Certified Accountants
45 Granville Drive
Herne Bay
Kent
CT6 7QZ
20 February 2024
Sedona Civils Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
387,083
157,894
Investment property
379,074
379,074
Cash at bank and in hand
178,727
34,077
Creditors: amounts falling due within one year
(257,751)
(281,439)
Net current assets
234,048
272,290
Total assets less current liabilities
1,000,205
809,258
Creditors: amounts falling due after more than one year
(254,669)
(207,078)
Provisions for liabilities
Deferred tax
(63,516)
(30,000)
Net assets
682,020
572,180
Called up share capital
100
100
Profit and loss account
681,920
572,080
Shareholders' funds
682,020
572,180
For the year ending 30 June 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 20 February 2024 and were signed on its behalf by
A A Ansley
Director
Company Registration No. 09106180
Sedona Civils Ltd
Notes to the Accounts
for the year ended 30 June 2023
Sedona Civils Ltd is a private company, limited by shares, registered in England and Wales, registration number 09106180. The registered office is White Acres, Hearts Delight Road, Tunstall, Sittingbourne, Kent, ME9 8JA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line basis
Plant & machinery
25% straight line basis
Motor vehicles
25% straight line basis
Fixtures & fittings
25% straight line basis
Computer equipment
25% straight line basis
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Sedona Civils Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2022
-
231,097
510,255
3,178
11,783
756,313
Additions
15,420
52,940
295,755
-
-
364,115
Disposals
-
(16,050)
(207,061)
-
-
(223,111)
At 30 June 2023
15,420
267,987
598,949
3,178
11,783
897,317
At 1 July 2022
-
171,608
416,306
2,177
8,328
598,419
Charge for the year
68
25,436
100,614
389
1,863
128,370
On disposals
-
(9,494)
(207,061)
-
-
(216,555)
At 30 June 2023
68
187,550
309,859
2,566
10,191
510,234
At 30 June 2023
15,352
80,437
289,090
612
1,592
387,083
At 30 June 2022
-
59,489
93,949
1,001
3,455
157,894
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
286,615
91,843
Fair value at 1 July 2022
379,074
The 2023 valuations were made by the director, on an open market value for existing use basis.
Sedona Civils Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
243,297
445,276
Accrued income and prepayments
29,795
48,411
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,070
29,130
Obligations under finance leases and hire purchase contracts
76,429
45,680
Trade creditors
77,414
68,430
Taxes and social security
38,915
79,721
Loans from directors
1,748
5,000
The bank loans are secured by a fixed charge against the company's investment properties.
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
114,309
157,212
Obligations under finance leases and hire purchase contracts
140,360
49,866
Aggregate of amounts that fall due for payment after five years
19,247
40,952
The bank loans are secured by a fixed charge against the company's investment properties.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,955
16,955
Sedona Civils Ltd
Notes to the Accounts
for the year ended 30 June 2023
The controlling party is the director and shareholder, A A Ansley.
12
Average number of employees
During the year the average number of employees was 34 (2022: 39).