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REGISTERED NUMBER: 09230561 (England and Wales)











Financial Statements

for the Year Ended 31 October 2023

for

SUL DESIGN & BUILD LIMITED

SUL DESIGN & BUILD LIMITED (REGISTERED NUMBER: 09230561)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUL DESIGN & BUILD LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr G J Thomas
Mrs B Bayliss





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09230561 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SUL DESIGN & BUILD LIMITED (REGISTERED NUMBER: 09230561)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,454 101,992

CURRENT ASSETS
Stocks 5 - 558,133
Debtors 6 4,050,050 1,818,764
Cash at bank 5,404 99,695
4,055,454 2,476,592
CREDITORS
Amounts falling due within one year 7 3,955,199 2,307,112
NET CURRENT ASSETS 100,255 169,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,709

271,472

CREDITORS
Amounts falling due after more than one year 8 (56,999 ) (84,330 )

PROVISIONS FOR LIABILITIES 9 (20,465 ) (25,498 )
NET ASSETS 105,245 161,644

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 105,145 161,544
SHAREHOLDERS' FUNDS 105,245 161,644

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

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.

SUL DESIGN & BUILD LIMITED (REGISTERED NUMBER: 09230561)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





Mr G J Thomas - Director


SUL DESIGN & BUILD LIMITED (REGISTERED NUMBER: 09230561)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

SUL Design & Build 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 represents amount received from sales of land and property.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

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 - 5 ) .

SUL DESIGN & BUILD LIMITED (REGISTERED NUMBER: 09230561)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 1,641 146,734 7,503 155,878
Additions - - 2,478 2,478
At 31 October 2023 1,641 146,734 9,981 158,356
DEPRECIATION
At 1 November 2022 82 52,824 980 53,886
Charge for year 312 18,782 2,922 22,016
At 31 October 2023 394 71,606 3,902 75,902
NET BOOK VALUE
At 31 October 2023 1,247 75,128 6,079 82,454
At 31 October 2022 1,559 93,910 6,523 101,992

5. STOCKS
31.10.23 31.10.22
£    £   
Work-in-progress - 558,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 716,454 486,686
Amounts owed by group undertakings 113,043 110,463
VAT 116,480 53,625
Prepayments and accrued income 3,104,073 1,167,990
4,050,050 1,818,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 27,332 22,094
Trade creditors 1,058,547 1,114,100
Amounts owed to group undertakings 295,054 217,022
Social security and other taxes 43,487 45,742
Other creditors 2,336,811 729,649
Accruals and deferred income 193,968 178,505
3,955,199 2,307,112

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 56,999 84,330

SUL DESIGN & BUILD LIMITED (REGISTERED NUMBER: 09230561)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 20,465 25,498

Deferred
tax
£   
Balance at 1 November 2022 25,498
Provided during year (5,033 )
Balance at 31 October 2023 20,465

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
75 A Class Ordinary £1 25 25
25 B Class Ordinary £1 75 75
100 100

11. RELATED PARTY DISCLOSURES

At the balance sheet, the company was owed an amount of £68,808 (2022: £88,808) by CKC Properties Ltd, £82,122 (2022: £68,622) by SUL Group Ltd, £36,283 (2022: £24,257) and £107,841 (2022: £35,335) by Student Urban Living Bermondsey Ltd, companies related by virtue of the fact that they are under common control.

At the balance sheet, the company owed an mount of £111,737 (2022: £24,769) by Smart Street Furniture Ltd, £1,306 (2022: £Nil) by L&S Student Ltd, companies related by virtue of the fact that they are under common control.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G J Thomas.