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REGISTERED NUMBER: 08077789 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

S&S QUALITY BUILDING CONTRACTORS LTD

S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S&S QUALITY BUILDING CONTRACTORS LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr S Pines
Mr S Tanase





REGISTERED OFFICE: Unit 1
Hawthorn Business Park
165 Granville Road
London
NW2 2AZ





REGISTERED NUMBER: 08077789 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Balance Sheet
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,322 101,626
Investments 5 227,348 227,348
Investment property 6 556,578 556,578
847,248 885,552

CURRENT ASSETS
Debtors 7 5,553,946 5,893,216
Cash at bank and in hand 49,978 77,902
5,603,924 5,971,118
CREDITORS
Amounts falling due within one year 8 988,299 984,018
NET CURRENT ASSETS 4,615,625 4,987,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,462,873

5,872,652

PROVISIONS FOR LIABILITIES 636,900 642,299
NET ASSETS 4,825,973 5,230,353

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 4,825,972 5,230,352
SHAREHOLDERS' FUNDS 4,825,973 5,230,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Balance Sheet - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





Mr S Pines - Director


S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

S&S Quality Building Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The director has prepared the financial statements on a going concern basis. The company have pleaded guilty to breaches of The Health and Safety Acts 1974 at a number of its construction sites of which financial penalties have been imposed on the company.The company is currently appealing against the penalties and costs imposed for the breaches and are confident of overturning the penalties imposed on appeal.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the significant risks and rewards of ownership have transferred to the owner; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions for liabilities
Provisions are recognised when there is a present legal or constructive obligation as a result of a past event, for which it is probable that an outflow of economic benefit will be required to settle the obligation and where the amount can be reliably estimated.

Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 207,652 39,406 150,617 397,675
Disposals - - (2,000 ) (2,000 )
At 31 May 2023 207,652 39,406 148,617 395,675
DEPRECIATION
At 1 June 2022 195,621 30,389 70,039 296,049
Charge for year 9,538 7,497 19,769 36,804
Eliminated on disposal - - (500 ) (500 )
At 31 May 2023 205,159 37,886 89,308 332,353
NET BOOK VALUE
At 31 May 2023 2,493 1,520 59,309 63,322
At 31 May 2022 12,031 9,017 80,578 101,626

S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 227,348
NET BOOK VALUE
At 31 May 2023 227,348
At 31 May 2022 227,348

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 556,578
NET BOOK VALUE
At 31 May 2023 556,578
At 31 May 2022 556,578

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 557,510 903,643
Amounts owed by group undertakings 581,090 556,190
Other debtors 4,415,346 4,433,383
5,553,946 5,893,216

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 428,060 441,069
Taxation and social security 6,743 26,131
Other creditors 553,496 516,818
988,299 984,018

9. CONTINGENT LIABILITIES

The company has an unlimited guarantee whereby the assets of the company are pledged as security in respect of bank borrowings by a related party. At the balance sheet date the potential contingent liability amounted to £892,800 (2022:£998,384).

S&S QUALITY BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08077789)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr S Pines
Balance outstanding at start of year 363,398 237,694
Amounts advanced 47,266 434,817
Amounts repaid (275,902 ) (309,113 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,762 363,398

Mr S Tanase
Balance outstanding at start of year 274,149 -
Amounts advanced 77,618 495,623
Amounts repaid (429,336 ) (221,474 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,569 ) 274,149

11. RELATED PARTY DISCLOSURES

During the year, loans amounting to £2,738,410 (2022: £2,738,410) was made to related companies that has shared directorship with the company, amounts repaid by these companies was £Nil (2022:£517,001). At the balance sheet date loans due to the company was £4,017,622 (2022:£3,356,632) included in the balance sheet in "Other debtors" falling due within one year.The loans are repayable on demand and accrue no interests.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

ATID Holdings Limited (incorporated in UK) is regarded by the directors as being the company's ultimate parent company. There is no ultimate controlling party.