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REGISTERED NUMBER: 13669254 (England and Wales)


SDB Construction (North East) Ltd

Unaudited Financial Statements for the Year Ended 31 October 2023






SDB Construction (North East) Ltd (Registered number: 13669254)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDB Construction (North East) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S Bolsher





SECRETARY: Mrs A E Bolsher





REGISTERED OFFICE: 20 Marwood Drive
Barnard Castle
Co Durham
DL12 8DE





REGISTERED NUMBER: 13669254 (England and Wales)





ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES

SDB Construction (North East) Ltd (Registered number: 13669254)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,653 29,965

CURRENT ASSETS
Stocks 8,316 2,000
Debtors 5 - 2,921
Cash at bank 27,910 12,229
36,226 17,150
CREDITORS
Amounts falling due within one year 6 133,286 51,320
NET CURRENT LIABILITIES (97,060 ) (34,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,407

)

(4,205

)

PROVISIONS FOR LIABILITIES 13,044 -
NET LIABILITIES (41,451 ) (4,205 )

RESERVES
Retained earnings (41,451 ) (4,205 )
(41,451 ) (4,205 )

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 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.

SDB Construction (North East) Ltd (Registered number: 13669254)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





S Bolsher - Director


SDB Construction (North East) Ltd (Registered number: 13669254)

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

1. STATUTORY INFORMATION

SDB Construction (North East) 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
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 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.


SDB Construction (North East) Ltd (Registered number: 13669254)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 12,783 18,081 5,451 36,315
Additions 18,198 35,545 - 53,743
At 31 October 2023 30,981 53,626 5,451 90,058
DEPRECIATION
At 1 November 2022 1,917 3,615 818 6,350
Charge for year 4,360 10,000 695 15,055
At 31 October 2023 6,277 13,615 1,513 21,405
NET BOOK VALUE
At 31 October 2023 24,704 40,011 3,938 68,653
At 31 October 2022 10,866 14,466 4,633 29,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
VAT - 2,921

SDB Construction (North East) Ltd (Registered number: 13669254)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 54,506 15,685
Trade creditors 27,368 14,530
Barclaycard 12,055 -
Social security and other taxes 1,335 -
VAT 2,779 -
Loan from A Bolsher 4,250 4,250
Directors' current accounts 30,993 16,855
133,286 51,320