Registered number
07125548
Shoaib Construction Limited
Filleted Accounts
31 January 2024
Shoaib Construction Limited
Registered number: 07125548
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,163 2,967
Current assets
Debtors 4 8,529 9,676
Cash at bank and in hand 2,606 10,921
11,135 20,597
Creditors: amounts falling due within one year 5 (2,845) (3,634)
Net current assets 8,290 16,963
Total assets less current liabilities 11,453 19,930
Creditors: amounts falling due after more than one year 6 (208) (9,185)
Net assets 11,245 10,745
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,244 10,744
Shareholder's funds 11,245 10,745
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
……………………………………..
S Ali
Director
Approved by the board on 12 March 2024
Shoaib Construction Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 14,557
Additions 1,250
At 31 January 2024 15,807
Depreciation
At 1 February 2023 11,590
Charge for the year 1,054
At 31 January 2024 12,644
Net book value
At 31 January 2024 3,163
At 31 January 2023 2,967
4 Debtors 2024 2023
£ £
Debtors CIS 5,904 9,676
Prepayments 2,625 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,065 2,854
Other creditors 780 780
2,845 3,634
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 208 9,185
7 Other information
Shoaib Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
377 New Bedford Road
Luton
Beds
LU3 2AB
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