REGISTERED NUMBER: |
Short Construction Limited |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
REGISTERED NUMBER: |
Short Construction Limited |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
Short Construction Limited (Registered number: 07123736) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Short Construction Limited |
Company Information |
for the Year Ended 31 January 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Short Construction Limited (Registered number: 07123736) |
Balance Sheet |
31 January 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | 8 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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. |
Short Construction Limited (Registered number: 07123736) |
Balance Sheet - continued |
31 January 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Short Construction Limited (Registered number: 07123736) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | Statutory information |
Short Construction Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
Short Construction Limited (Registered number: 07123736) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
2. | Accounting policies - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme for the benefit of the employees. In addition, the company makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged to the profit and loss account. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 February 2023 |
Additions |
At 31 January 2024 |
Depreciation |
At 1 February 2023 |
Charge for year |
Eliminated on disposal |
At 31 January 2024 |
Net book value |
At 31 January 2024 |
At 31 January 2023 |
5. | Stocks |
31.1.24 | 31.1.23 |
£ | £ |
Stocks |
6. | Debtors: amounts falling due within one year |
31.1.24 | 31.1.23 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Prepayments and accrued income |
Short Construction Limited (Registered number: 07123736) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
7. | Creditors: amounts falling due within one year |
31.1.24 | 31.1.23 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
VAT | - | 80,815 |
Other creditors |
Directors' current accounts | 441 | 878 |
Accrued expenses |
8. | Provisions for liabilities |
31.1.24 | 31.1.23 |
£ | £ |
Deferred tax | 3,705 | 4,506 |
Deferred |
tax |
£ |
Balance at 1 February 2023 |
Credit to Income statement during year | ( |
) |
Balance at 31 January 2024 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.24 | 31.1.23 |
value: | £ | £ |
Ordinary "A" | £1 | 9 | 9 |
Ordinary "B" | £1 | 1 | 1 |
10 | 10 |
Short Construction Limited (Registered number: 07123736) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
10. | Related party disclosures |
During the year, the company provided management charges totalling £22,634 (2023 £19,955) to SCL Property Group Ltd, a company under the common control of the directors, A & L Short. |
Rent and service charges totalling £64,074 (2023 £64,042 was payable to SCL Property Group Ltd during the year. This was considered to be at market rates. |
Included in Other debtors is a loan to SCL Property Group Ltd totalling £472,864 (2023 £375,959). This is interest free and repayable on demand. |
Included in Other debtors is a loan to Short Overseas Investments Limited totalling £302,488 (2023 £289,098). The loan is interest free and repayable on demand. The company is under the common control of the directors. |