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REGISTERED NUMBER: 10453691 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

SYCAMORE CONSTRUCTION GROUP LTD

SYCAMORE CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 10453691)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SYCAMORE CONSTRUCTION GROUP LTD

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs S A Morgan
C Morgan





SECRETARY:





REGISTERED OFFICE: 9 Heol Y Fro
Church Village
Pontypridd
Pontypridd
CF38 1UD





REGISTERED NUMBER: 10453691 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

SYCAMORE CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 10453691)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,147 11,729

CURRENT ASSETS
Stocks 3,765 1,750
Debtors 5 2,560 15,690
Cash at bank and in hand 139,027 77,689
145,352 95,129
CREDITORS
Amounts falling due within one year 6 89,733 57,635
NET CURRENT ASSETS 55,619 37,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,766

49,223

CREDITORS
Amounts falling due after more than one
year

7

46,570

49,083
NET ASSETS 49,196 140

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,096 40
SHAREHOLDERS' FUNDS 49,196 140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mrs S A Morgan - Director


SYCAMORE CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 10453691)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Sycamore Construction Group 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

SYCAMORE CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 10453691)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 2,250 500 20,417 23,167
Additions - - 32,995 32,995
At 31 October 2023 2,250 500 53,412 56,162
DEPRECIATION
At 1 November 2022 2,156 500 8,782 11,438
Charge for year 94 - 4,483 4,577
At 31 October 2023 2,250 500 13,265 16,015
NET BOOK VALUE
At 31 October 2023 - - 40,147 40,147
At 31 October 2022 94 - 11,635 11,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,560 12,000
Other debtors - 3,690
2,560 15,690

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 19,000 19,000
Hire purchase contracts 5,749 -
Trade creditors 20,268 1,729
Taxation and social security 21,140 35,906
Other creditors 23,576 1,000
89,733 57,635

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 30,083 49,083
Hire purchase contracts 16,487 -
46,570 49,083

SYCAMORE CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 10453691)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
C Morgan
Balance outstanding at start of year 3,690 13,131
Amounts advanced - 14,096
Amounts repaid (26,265 ) (23,537 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,575 ) 3,690

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2022 - £13,250) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Morgan.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sycamore Construction Group Ltd

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sycamore Construction Group Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sycamore Construction Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sycamore Construction Group Ltd and state those matters that we have agreed to state to the Board of Directors of Sycamore Construction Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sycamore Construction Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sycamore Construction Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sycamore Construction Group Ltd. You consider that Sycamore Construction Group 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 financial statements of Sycamore Construction Group 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 financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


30 July 2024