1 April 2023 false No description of principal activity Taxfiler 2024.5 03750928business:PrivateLimitedCompanyLtd2023-04-012024-03-31 037509282023-03-31 037509282023-04-012024-03-31 03750928business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 03750928business:FilletedAccounts2023-04-012024-03-31 037509282024-03-31 037509282023-03-31 03750928core:WithinOneYear2024-03-31 03750928core:WithinOneYear2023-03-31 03750928core:AfterOneYear2024-03-31 03750928core:AfterOneYear2023-03-31 03750928core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 03750928core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 03750928core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 03750928core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 03750928core:PreviouslyStatedAmount2024-03-31 03750928core:PreviouslyStatedAmount2023-03-31 03750928business:SmallEntities2023-04-012024-03-31 03750928business:Director12023-04-012024-03-31 03750928countries:EnglandWales2023-04-012024-03-31 03750928business:RegisteredOffice2023-04-012024-03-31 03750928core:PlantMachinery2023-04-012024-03-31 03750928core:MotorVehicles2023-04-012024-03-31 03750928core:FurnitureFittings2023-04-012024-03-31 03750928core:ComputerEquipment2023-04-012024-03-31 03750928core:PlantMachinery2023-03-31 03750928core:MotorVehicles2023-03-31 03750928core:FurnitureFittings2023-03-31 03750928core:ComputerEquipment2023-03-31 03750928core:PlantMachinery2024-03-31 03750928core:MotorVehicles2024-03-31 03750928core:FurnitureFittings2024-03-31 03750928core:ComputerEquipment2024-03-31 03750928business:OrdinaryShareClass12023-04-012024-03-31 03750928business:OrdinaryShareClass12022-04-012023-03-31 037509282022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03750928 (England and Wales)
S.J. Glynn Contracts Limited Unaudited accounts for the year ended 31 March 2024
S.J. Glynn Contracts Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
192,229 
77,897 
Current assets
Debtors
119,334 
218,124 
Cash at bank and in hand
20,056 
32,340 
139,390 
250,464 
Creditors: amounts falling due within one year
(163,574)
(227,059)
Net current (liabilities)/assets
(24,184)
23,405 
Total assets less current liabilities
168,045 
101,302 
Creditors: amounts falling due after more than one year
(40,566)
(37,968)
Provisions for liabilities
Deferred tax
(28,645)
(14,279)
Net assets
98,834 
49,055 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
98,832 
49,053 
Shareholders' funds
98,834 
49,055 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by
S J Glynn Director Company Registration No. 03750928
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S.J. Glynn Contracts Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
S.J. Glynn Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 03750928. The registered office is Oakdene, Windermere Road, Benfleet, Essex, SS7 3JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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S.J. Glynn Contracts Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
76,356 
318,415 
6,338 
13,822 
414,931 
Additions
97,740 
47,824 
- 
1,248 
146,812 
Disposals
- 
(21,621)
- 
- 
(21,621)
At 31 March 2024
174,096 
344,618 
6,338 
15,070 
540,122 
Depreciation
At 1 April 2023
69,599 
248,481 
5,132 
13,822 
337,034 
Charge for the year
11,107 
17,625 
301 
26 
29,059 
On disposals
- 
(18,200)
- 
- 
(18,200)
At 31 March 2024
80,706 
247,906 
5,433 
13,848 
347,893 
Net book value
At 31 March 2024
93,390 
96,712 
905 
1,222 
192,229 
At 31 March 2023
6,757 
69,934 
1,206 
- 
77,897 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,053 
11,233 
Trade debtors
96,973 
201,615 
Accrued income and prepayments
5,308 
5,276 
119,334 
218,124 
- 4 -
S.J. Glynn Contracts Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,853 
9,729 
Obligations under finance leases and hire purchase contracts
22,279 
16,663 
Trade creditors
21,133 
36,615 
Taxes and social security
22,847 
51,839 
Other creditors
48,607 
100,362 
Loans from directors
24,559 
51 
Accruals
14,296 
11,800 
163,574 
227,059 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,811 
21,937 
Obligations under finance leases and hire purchase contracts
28,755 
16,031 
40,566 
37,968 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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