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REGISTERED NUMBER: 04274030 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

R. Squibb Building Contractors Limited

R. Squibb Building Contractors Limited (Registered number: 04274030)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

R. Squibb Building Contractors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: R S Squibb





REGISTERED OFFICE: Unit 23
Westfield Industrial Estate
Westfield Road
Gosport
Hampshire
PO12 3RX





REGISTERED NUMBER: 04274030 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

R. Squibb Building Contractors Limited (Registered number: 04274030)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 6,815 9,087
6,816 9,088

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 6 12,198 8,988
Cash at bank and in hand 52,562 48,656
84,760 77,644
CREDITORS
Amounts falling due within one year 7 36,815 27,111
NET CURRENT ASSETS 47,945 50,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,761

59,621

CREDITORS
Amounts falling due after more than
one year

8

(27,500

)

(37,500

)

PROVISIONS FOR LIABILITIES (1,210 ) (1,623 )
NET ASSETS 26,051 20,498

R. Squibb Building Contractors Limited (Registered number: 04274030)

Balance Sheet - continued
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 25,951 20,398
SHAREHOLDERS' FUNDS 26,051 20,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 April 2024 and were signed by:





R S Squibb - Director


R. Squibb Building Contractors Limited (Registered number: 04274030)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

R. Squibb Building Contractors Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


R. Squibb Building Contractors Limited (Registered number: 04274030)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 25,000
AMORTISATION
At 1 October 2022
and 30 September 2023 24,999
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 1

R. Squibb Building Contractors Limited (Registered number: 04274030)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 5,811 69,718 1,638 77,167
DEPRECIATION
At 1 October 2022 5,708 61,247 1,125 68,080
Charge for year 26 2,118 128 2,272
At 30 September 2023 5,734 63,365 1,253 70,352
NET BOOK VALUE
At 30 September 2023 77 6,353 385 6,815
At 30 September 2022 103 8,471 513 9,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 12,198 8,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 12,832 9,028
Taxation and social security 23,142 18,046
Other creditors 841 37
36,815 27,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 27,500 37,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 27,500 37,500

R. Squibb Building Contractors Limited (Registered number: 04274030)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2022 20,398
Profit for the year 9,453
Dividends (3,900 )
At 30 September 2023 25,951

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R S Squibb.

R. Squibb Building Contractors Limited

Report of the Accountants to the Director of
R. Squibb Building Contractors Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


12 April 2024