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Registration number: 09853944

Steve Gardner Projects Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

image-name
 

Steve Gardner Projects Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 9

 

Steve Gardner Projects Ltd

Company Information

Director

S Gardner

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Steve Gardner Projects Ltd

Director's Report for the Year Ended 30 November 2023

The director presents his report and the financial statements for the year ended 30 November 2023.

Director of the company

The director who held office during the year was as follows:

S Gardner

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 30 August 2024 and signed on its behalf by:

.........................................
S Gardner
Director

   
     
 

Steve Gardner Projects Ltd

(Registration number: 09853944)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

5

10,010

13,347

Current assets

 

Cash at bank and in hand

 

1

1

Creditors: Amounts falling due within one year

6

(155,171)

(151,479)

Net current liabilities

 

(155,170)

(151,478)

Total assets less current liabilities

 

(145,160)

(138,131)

Creditors: Amounts falling due after more than one year

6

(36,056)

(36,056)

Net liabilities

 

(181,216)

(174,187)

Capital and Reserves

 

Called up share capital

2

2

Retained Earnings

(181,218)

(174,189)

Shareholders' deficit

 

(181,216)

(174,187)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

 

Steve Gardner Projects Ltd

(Registration number: 09853944)
Balance Sheet as at 30 November 2023

.........................................
S Gardner
Director

   
     
 

Steve Gardner Projects Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
United Kingdom

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis nothwithstanding the net liability position at the balance sheet date. The director is confident that with his continued support, the company can remain in operational existence for the foreseeable future.

 

Steve Gardner Projects Ltd

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Work in progress

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

 

Steve Gardner Projects Ltd

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

2023
 No.

2022
 No.

Other departments

1

1

1

1

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

3,337

4,449

 

Steve Gardner Projects Ltd

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

5

Tangible Assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

44,876

44,876

At 30 November 2023

44,876

44,876

Depreciation

At 1 December 2022

31,529

31,529

Charge for the year

3,337

3,337

At 30 November 2023

34,866

34,866

Carrying amount

At 30 November 2023

10,010

10,010

At 30 November 2022

13,347

13,347

6

Creditors

Creditors: amounts falling due within one year

Note

2023
 £

2022
 £

Due within one year

 

Loans and borrowings

7

151,415

147,293

Trade Creditors

 

13

783

Social security and other taxes

 

2,993

2,923

Accrued expenses

 

750

480

 

155,171

151,479

Due after one year

 

Loans and borrowings

7

36,056

36,056

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

36,056

36,056

 

Steve Gardner Projects Ltd

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

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

21,452

21,452

Out of balance to non-current Loans and borrowings category

(14,604)

(14,604)

Current loans and borrowings

2023
£

2022
£

Bank borrowings

10,075

10,075

Other borrowings

134,714

130,592

144,789

140,667

Out of balance to current Loans and borrowings category

(6,626)

(6,626)