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REGISTERED NUMBER: 11094322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SUMMIT BUILDING CONTRACTORS LTD.

SUMMIT BUILDING CONTRACTORS LTD. (REGISTERED NUMBER: 11094322)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

SUMMIT BUILDING CONTRACTORS LTD.

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr C J Edinburgh





REGISTERED OFFICE: Unit 4b Comet House Calleva Park
Aldermaston
Reading
Berkshire
RG7 8JA





REGISTERED NUMBER: 11094322 (England and Wales)





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA

SUMMIT BUILDING CONTRACTORS LTD. (REGISTERED NUMBER: 11094322)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,642 36,178

CURRENT ASSETS
Stocks 89,071 -
Debtors 5 96,825 101,873
Cash at bank and in hand 256,332 386,472
442,228 488,345
CREDITORS
Amounts falling due within one year 6 98,339 145,028
NET CURRENT ASSETS 343,889 343,317
TOTAL ASSETS LESS CURRENT LIABILITIES 477,531 379,495

PROVISIONS FOR LIABILITIES 2,321 2,321
NET ASSETS 475,210 377,174

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 474,210 376,174
475,210 377,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SUMMIT BUILDING CONTRACTORS LTD. (REGISTERED NUMBER: 11094322)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mr C J Edinburgh - Director


SUMMIT BUILDING CONTRACTORS LTD. (REGISTERED NUMBER: 11094322)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Summit Building Contractors Ltd. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

SUMMIT BUILDING CONTRACTORS LTD. (REGISTERED NUMBER: 11094322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

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 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 64,706 64,706
Additions 85,265 34,326 119,591
At 31 December 2023 85,265 99,032 184,297
DEPRECIATION
At 1 January 2023 - 28,528 28,528
Charge for year - 22,127 22,127
At 31 December 2023 - 50,655 50,655
NET BOOK VALUE
At 31 December 2023 85,265 48,377 133,642
At 31 December 2022 - 36,178 36,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 7,716 59,988
Other debtors 89,109 41,885
96,825 101,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 27,323 43,862
Taxation and social security 35,912 57,775
Other creditors 35,104 43,391
98,339 145,028

SUMMIT BUILDING CONTRACTORS LTD.

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SUMMIT BUILDING CONTRACTORS LTD.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA


Date: .............................................