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REGISTERED NUMBER: 13852570 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SKYLARK SUFFOLK BUILDING CONTRACTORS LTD

SKYLARK SUFFOLK BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 13852570)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKYLARK SUFFOLK BUILDING CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr B J McClurkin





REGISTERED OFFICE: Honeysuckle Cottage
The Street
Troston
Bury St Edmunds
Suffolk
IP31 1EW





REGISTERED NUMBER: 13852570 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

SKYLARK SUFFOLK BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 13852570)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,145 14,451

CURRENT ASSETS
Stocks 5 506 568
Debtors 6 40,340 7,621
Cash at bank 46,975 37,004
87,821 45,193
CREDITORS
Amounts falling due within one year 7 90,706 56,502
NET CURRENT LIABILITIES (2,885 ) (11,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,260

3,142

PROVISIONS FOR LIABILITIES 1,928 2,746
NET ASSETS 5,332 396

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,232 296
5,332 396

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

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

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 1 October 2024 and were signed by:



Mr B J McClurkin - Director


SKYLARK SUFFOLK BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 13852570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Skylark Suffolk 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.
Tools & equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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.

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 1 (2023 - 1 ) .

SKYLARK SUFFOLK BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 13852570)

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

4. TANGIBLE FIXED ASSETS
Tools & Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 9,587 10,400 392 20,379
Additions 333 - 750 1,083
At 31 January 2024 9,920 10,400 1,142 21,462
DEPRECIATION
At 1 February 2023 3,197 2,600 131 5,928
Charge for year 3,308 1,950 131 5,389
At 31 January 2024 6,505 4,550 262 11,317
NET BOOK VALUE
At 31 January 2024 3,415 5,850 880 10,145
At 31 January 2023 6,390 7,800 261 14,451

5. STOCKS
2024 2023
£    £   
Stocks 506 568

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,250 330
Other debtors - 559
VAT - 5,188
Prepayments & accrued income 15,090 1,544
40,340 7,621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,340 20,057
Corporation tax 7,994 2,034
Social security and other taxes 3,877 2,564
VAT 28,839 -
Other creditors 200 200
Director's current account 21,621 30,052
Accrued expenses 1,835 1,595
90,706 56,502