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REGISTERED NUMBER: 04071505 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

S. CLIFT BUILDING CONTRACTORS LIMITED

S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

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


S. CLIFT BUILDING CONTRACTORS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: S Clift





REGISTERED OFFICE: The Croft
Malt House Lane
Calf Heath
Wolverhampton
West Midlands
WV10 7FF





BUSINESS ADDRESS: 14a Croxstalls Close
Bloxwich
Walsall
WS3 2XT





REGISTERED NUMBER: 04071505 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

Balance Sheet
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,769 121,483

CURRENT ASSETS
Debtors 5 394,437 310,659
Investments 6 1,259,293 1,023,062
Cash at bank 854,473 313,083
2,508,203 1,646,804
CREDITORS
Amounts falling due within one year 7 1,007,251 622,461
NET CURRENT ASSETS 1,500,952 1,024,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,676,721

1,145,826

PROVISIONS FOR LIABILITIES 143,239 22,427
NET ASSETS 1,533,482 1,123,399

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,532,482 1,122,399
1,533,482 1,123,399

S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

Balance Sheet - continued
30 SEPTEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





S Clift - Director


S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

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

During the year, the company's registered office address changed from The Croft, Malt House Lane, Calf Heath, Wolverhampton, WV10 7DD to The Croft, Malt House Lane, Calf Heath, Wolverhampton, WV10 7FF.

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 129,789 46,495 295,357 471,641
Additions 3,262 765 122,042 126,069
Disposals - - (145,266 ) (145,266 )
At 30 September 2023 133,051 47,260 272,133 452,444
DEPRECIATION
At 1 October 2022 110,675 37,801 201,682 350,158
Charge for year 5,264 2,205 34,454 41,923
Eliminated on disposal - - (115,406 ) (115,406 )
At 30 September 2023 115,939 40,006 120,730 276,675
NET BOOK VALUE
At 30 September 2023 17,112 7,254 151,403 175,769
At 30 September 2022 19,114 8,694 93,675 121,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 392,401 310,659
Amounts owed by participating interests 2,036 -
394,437 310,659

6. OTHER INVESTMENTS
2023 2022
£    £   
Instruments measured at fair
value through profit or loss 1,259,293 1,023,062
1,259,293 1,023,062

S. CLIFT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04071505)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8)
-

5,185
Trade creditors 510,253 108,940
Taxation and social security 289,648 140,161
Other creditors 207,350 368,175
1,007,251 622,461

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 5,185

Non-cancellable operating leases
2023 2022
£    £   
Within one year 41,893 20,312
Between one and five years 40,763 18,730
In more than five years 46,005 38,133
128,661 77,175