STOWE BUILDING CONTRACTORS LIMITED

Company Registration Number:
07341609 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

STOWE BUILDING CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

STOWE BUILDING CONTRACTORS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company in the year under review was that of providing general building services.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Mr A Stowe


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2024

And signed on behalf of the board by:
Name: Mr A Stowe
Status: Director

STOWE BUILDING CONTRACTORS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 5,430,607 5,062,801
Cost of sales: ( 4,400,870 ) ( 4,058,710 )
Gross profit(or loss): 1,029,737 1,004,091
Administrative expenses: ( 1,005,407 ) ( 992,570 )
Other operating income: 2,286 1,877
Operating profit(or loss): 26,616 13,398
Interest payable and similar charges: ( 13,861 ) ( 12,764 )
Profit(or loss) before tax: 12,755 634
Tax: ( 14,204 ) 0
Profit(or loss) for the financial year: (1,449) 634

STOWE BUILDING CONTRACTORS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 776,592 836,443
Total fixed assets: 776,592 836,443
Current assets
Debtors: 4 816,774 692,583
Cash at bank and in hand: 249,522 47,408
Total current assets: 1,066,296 739,991
Creditors: amounts falling due within one year: 5 ( 940,147 ) ( 680,768 )
Net current assets (liabilities): 126,149 59,223
Total assets less current liabilities: 902,741 895,666
Creditors: amounts falling due after more than one year: 6 ( 767,391 ) ( 755,302 )
Total net assets (liabilities): 135,350 140,364
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 135,349 140,363
Total Shareholders' funds: 135,350 140,364

The notes form part of these financial statements

STOWE BUILDING CONTRACTORS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Mr A Stowe
Status: Director

The notes form part of these financial statements

STOWE BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery - 3 years straight line Office equipment - 3 years straight line Fixtures & fittings - 3 years straight line Motor vehicles - 3 to 5 years straight line

STOWE BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 33 28

STOWE BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 552,694 273,556 7,530 11,336 301,243 1,146,359
Additions 29,266 1,700 678 13,250 44,894
Disposals
Revaluations
Transfers
At 31 December 2023 552,694 302,822 9,230 12,014 314,493 1,191,253
Depreciation
At 1 January 2023 0 153,944 2,496 7,015 146,461 309,916
Charge for year 47,047 1,933 2,638 53,127 104,745
On disposals
Other adjustments
At 31 December 2023 0 200,991 4,429 9,653 199,588 414,661
Net book value
At 31 December 2023 552,694 101,831 4,801 2,361 114,905 776,592
At 31 December 2022 552,694 119,612 5,034 4,321 154,782 836,443

STOWE BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 621,774 218,133
Prepayments and accrued income 195,000 470,000
Other debtors 4,450
Total 816,774 692,583

STOWE BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 62,187 25,013
Amounts due under finance leases and hire purchase contracts 68,115 75,725
Trade creditors 557,582 431,002
Taxation and social security 252,263 149,028
Total 940,147 680,768

STOWE BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 139,802 183,466
Other creditors 627,589 571,836
Total 767,391 755,302