IRIS Accounts Production v24.2.0.383 04674692 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 'A' Voting 1.00000 Ordinary 'B' Non-voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046746922023-03-31046746922024-03-31046746922023-04-012024-03-31046746922022-03-31046746922022-04-012023-03-31046746922023-03-3104674692ns15:EnglandWales2023-04-012024-03-3104674692ns14:PoundSterling2023-04-012024-03-3104674692ns10:Director12023-04-012024-03-3104674692ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104674692ns10:SmallEntities2023-04-012024-03-3104674692ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104674692ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104674692ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104674692ns10:FullAccounts2023-04-012024-03-310467469212023-04-012024-03-3104674692ns10:OrdinaryShareClass12023-04-012024-03-3104674692ns10:OrdinaryShareClass22023-04-012024-03-3104674692ns10:CompanySecretary12023-04-012024-03-3104674692ns10:RegisteredOffice2023-04-012024-03-3104674692ns5:CurrentFinancialInstruments2024-03-3104674692ns5:CurrentFinancialInstruments2023-03-3104674692ns5:Non-currentFinancialInstruments2024-03-3104674692ns5:Non-currentFinancialInstruments2023-03-3104674692ns5:ShareCapital2024-03-3104674692ns5:ShareCapital2023-03-3104674692ns5:RetainedEarningsAccumulatedLosses2024-03-3104674692ns5:RetainedEarningsAccumulatedLosses2023-03-3104674692ns5:NetGoodwill2023-04-012024-03-3104674692ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104674692ns5:PlantMachinery2023-04-012024-03-3104674692ns5:FurnitureFittings2023-04-012024-03-3104674692ns5:MotorVehicles2023-04-012024-03-3104674692ns5:NetGoodwill2023-03-3104674692ns5:NetGoodwill2024-03-3104674692ns5:NetGoodwill2023-03-3104674692ns5:PlantMachinery2023-03-3104674692ns5:FurnitureFittings2023-03-3104674692ns5:MotorVehicles2023-03-3104674692ns5:PlantMachinery2024-03-3104674692ns5:FurnitureFittings2024-03-3104674692ns5:MotorVehicles2024-03-3104674692ns5:PlantMachinery2023-03-3104674692ns5:FurnitureFittings2023-03-3104674692ns5:MotorVehicles2023-03-3104674692ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104674692ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3104674692ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104674692ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104674692ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104674692ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104674692ns10:OrdinaryShareClass12024-03-3104674692ns10:OrdinaryShareClass22024-03-31046746921ns10:Director12023-03-31046746921ns10:Director12022-03-31046746921ns10:Director12023-04-012024-03-31046746921ns10:Director12022-04-012023-03-31046746921ns10:Director12024-03-31046746921ns10:Director12023-03-31
REGISTERED NUMBER: 04674692 (England and Wales)











SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: D C Hensher





SECRETARY: D C Hensher





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 04674692 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,392 43,851
34,392 43,851

CURRENT ASSETS
Stocks 500 400
Debtors 6 100,948 79,212
Cash at bank 74,417 39,514
175,865 119,126
CREDITORS
Amounts falling due within one year 7 147,470 107,802
NET CURRENT ASSETS 28,395 11,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,787

55,175

CREDITORS
Amounts falling due after more than
one year

8

-

(10,656

)

PROVISIONS FOR LIABILITIES (8,598 ) (10,963 )
NET ASSETS 54,189 33,556

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 53,989 33,356
SHAREHOLDERS' FUNDS 54,189 33,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

BALANCE SHEET - continued
31ST MARCH 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 26th August 2024 and were signed by:





D C Hensher - Director


SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

SDS Builders and Decorators (Hastings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 33% on reducing balance
Fixtures, fittings and equipment - 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 60,000
AMORTISATION
At 1st April 2023
and 31st March 2024 60,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Computer and Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1st April 2023 9,105 4,816 77,374 91,295
Additions 1,608 291 - 1,899
At 31st March 2024 10,713 5,107 77,374 93,194
DEPRECIATION
At 1st April 2023 7,128 1,447 38,869 47,444
Charge for year 1,183 549 9,626 11,358
At 31st March 2024 8,311 1,996 48,495 58,802
NET BOOK VALUE
At 31st March 2024 2,402 3,111 28,879 34,392
At 31st March 2023 1,977 3,369 38,505 43,851

SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 1st April 2023 58,874
Transfer to ownership (58,874 )
At 31st March 2024 -
DEPRECIATION
At 1st April 2023 24,759
Charge for year 8,529
Transfer to ownership (33,288 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 34,115

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,208 55,175
Amounts recoverable on contract 19,871 -
Other debtors 44,869 24,037
100,948 79,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 7,955
Trade creditors 21,248 21,533
Taxation and social security 74,014 40,472
Other creditors 52,208 37,842
147,470 107,802

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 10,656

SDS BUILDERS AND DECORATORS (HASTINGS)
LIMITED (REGISTERED NUMBER: 04674692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 18,611

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 'A' Voting £1 100 100
100 Ordinary 'B' Non-voting £1 100 100
200 200

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
D C Hensher
Balance outstanding at start of year 20,793 40,872
Amounts advanced 79,704 80,624
Amounts repaid (58,495 ) (100,703 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,002 20,793

At the year ending 31 March 2024, there is an outstanding balance of £42,002, interest has been charged on this amount at 2.25%.