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REGISTERED NUMBER: 09450821 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 29 February 2024

for

S&B Construction (South) Limited

S&B Construction (South) Limited (Registered number: 09450821)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S&B Construction (South) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr R K Seddon
Mr S R I Dovey





REGISTERED OFFICE: 47 Priestlands
Romsey
Hampshire
SO51 8FJ





REGISTERED NUMBER: 09450821 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

S&B Construction (South) Limited (Registered number: 09450821)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 24,369 30,779
Debtors 5 682 22,542
Cash at bank 2,841 1,563
27,892 54,884
CREDITORS
Amounts falling due within one year 6 91,054 98,692
NET CURRENT LIABILITIES (63,162 ) (43,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,162

)

(43,808

)

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET LIABILITIES (77,329 ) (67,975 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (77,429 ) (68,075 )
SHAREHOLDERS' FUNDS (77,329 ) (67,975 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

S&B Construction (South) Limited (Registered number: 09450821)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




Mr R K Seddon - Director



Mr S R I Dovey - Director


S&B Construction (South) Limited (Registered number: 09450821)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

S&B Construction (South) 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.

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 invoiced sales of properties.

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 - 25% on cost

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

Cost includes all materials, labour, professional fees and other costs involved in the construction and development of the site.

Net realisable value represents the estimated selling price (in the ordinary course of business) less all estimated costs of completion and overheads.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

S&B Construction (South) Limited (Registered number: 09450821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 1,462
DEPRECIATION
At 1 March 2023
and 29 February 2024 1,462
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 682 4,069
VAT - 18,473
682 22,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
VAT 40 -
Directors' current accounts 63,567 70,408
Accrued expenses 17,447 18,284
91,054 98,692

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 14,167 24,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

S&B Construction (South) Limited (Registered number: 09450821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RELATED PARTY DISCLOSURES

Mr S R Dovey

Included in creditors due within one year is an amount £63,567 (2023: £70,408) owed to the director by the company.

During the year the company paid labour costs of £1,000 to Mr Dovey.