IRIS Accounts Production v24.2.0.383 01544859 director 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015448592023-02-28015448592024-02-29015448592023-03-012024-02-29015448592022-02-28015448592022-03-012023-02-28015448592023-02-2801544859ns15:EnglandWales2023-03-012024-02-2901544859ns14:PoundSterling2023-03-012024-02-2901544859ns10:Director12023-03-012024-02-2901544859ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2901544859ns10:SmallEntities2023-03-012024-02-2901544859ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2901544859ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2901544859ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2901544859ns10:FullAccounts2023-03-012024-02-290154485912023-03-012024-02-2901544859ns10:OrdinaryShareClass12023-03-012024-02-2901544859ns10:RegisteredOffice2023-03-012024-02-2901544859ns5:CurrentFinancialInstruments2024-02-2901544859ns5:CurrentFinancialInstruments2023-02-2801544859ns5:Non-currentFinancialInstruments2024-02-2901544859ns5:Non-currentFinancialInstruments2023-02-2801544859ns5:ShareCapital2024-02-2901544859ns5:ShareCapital2023-02-2801544859ns5:RetainedEarningsAccumulatedLosses2024-02-2901544859ns5:RetainedEarningsAccumulatedLosses2023-02-2801544859ns5:NetGoodwill2023-03-012024-02-2901544859ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2901544859ns5:PlantMachinery2023-03-012024-02-2901544859ns5:MotorVehicles2023-03-012024-02-2901544859ns5:NetGoodwill2023-02-2801544859ns5:NetGoodwill2024-02-2901544859ns5:NetGoodwill2023-02-2801544859ns5:PlantMachinery2023-02-2801544859ns5:MotorVehicles2023-02-2801544859ns5:PlantMachinery2024-02-2901544859ns5:MotorVehicles2024-02-2901544859ns5:PlantMachinery2023-02-2801544859ns5:MotorVehicles2023-02-2801544859ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2801544859ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2901544859ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2901544859ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2801544859ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2901544859ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2801544859ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2901544859ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2801544859ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 01544859 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SOUTH WOODHAM BUILDERS LIMITED

SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH WOODHAM BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: R Wells





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 01544859 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,232 17,610
13,232 17,610

CURRENT ASSETS
Stocks 57,195 61,750
Debtors 6 3,157 -
60,352 61,750
CREDITORS
Amounts falling due within one year 7 72,165 98,501
NET CURRENT LIABILITIES (11,813 ) (36,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,419

(19,141

)

CREDITORS
Amounts falling due after more than one
year

8

29,329

34,716
NET LIABILITIES (27,910 ) (53,857 )

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings (28,012 ) (53,959 )
SHAREHOLDERS' FUNDS (27,910 ) (53,857 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 11 September 2024 and were signed by:





R Wells - Director


SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

South Woodham Builders 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 53,026
AMORTISATION
At 1 March 2023
and 29 February 2024 53,026
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 5,256 94,646 99,902
DEPRECIATION
At 1 March 2023 5,009 77,283 82,292
Charge for year 37 4,341 4,378
At 29 February 2024 5,046 81,624 86,670
NET BOOK VALUE
At 29 February 2024 210 13,022 13,232
At 28 February 2023 247 17,363 17,610

SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 35,683
Transfer to ownership (35,683 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 27,215
Charge for year 2,117
Transfer to ownership (29,332 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 8,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 156 -
Directors' current accounts 3,001 -
3,157 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,143 33,751
Hire purchase contracts - 10,545
Trade creditors 16,342 7,404
Social security and other taxes 4,365 3,659
VAT 3,408 4,736
Other creditors and accruals 13,811 14,050
Pension control 96 108
Directors' current accounts - 24,248
72,165 98,501

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 29,329 34,716

9. SECURED DEBTS

The hire purchase liability is secured against the assets to which they relate.

SOUTH WOODHAM BUILDERS LIMITED (REGISTERED NUMBER: 01544859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
102 Ordinary £1 102 102

11. GOING CONCERN

At 28 February 2024 the company had a net deficiency of assets of £27,910 (2023 - £53,857. The director undertakes to financially support the company until trading conditions improve and it is therefore deemed appropriate to prepare the financial statements on the going concern basis.