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REGISTERED NUMBER: 06144859 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S.A. McSorley Construction Limited

S.A. McSorley Construction Limited (Registered number: 06144859)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.A. McSorley Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S A McSorley





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 06144859 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

S.A. McSorley Construction Limited (Registered number: 06144859)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,945 3,718

CURRENT ASSETS
Stocks 14,285 -
Debtors 6 17,433 2,083
Cash at bank and in hand 21,117 150,741
52,835 152,824
CREDITORS
Amounts falling due within one year 7 27,773 107,386
NET CURRENT ASSETS 25,062 45,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,007

49,156

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(24,000

)

PROVISIONS FOR LIABILITIES (1,986 ) (706 )
NET ASSETS 16,021 24,450

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,019 24,448
SHAREHOLDERS' FUNDS 16,021 24,450

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

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

S.A. McSorley Construction Limited (Registered number: 06144859)

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

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





S A McSorley - Director


S.A. McSorley Construction Limited (Registered number: 06144859)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

S.A. McSorley Construction 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Income is recognised during the year when the company provides goods and services.

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 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

S.A. McSorley Construction Limited (Registered number: 06144859)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 14,453 22,993 416 37,862
Additions 5,400 - - 5,400
At 31 March 2024 19,853 22,993 416 43,262
DEPRECIATION
At 1 April 2023 13,795 20,187 162 34,144
Charge for year 334 701 138 1,173
At 31 March 2024 14,129 20,888 300 35,317
NET BOOK VALUE
At 31 March 2024 5,724 2,105 116 7,945
At 31 March 2023 658 2,806 254 3,718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 17,433 2,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 7,765 16,700
Taxation and social security 4,476 10,215
Other creditors 6,532 71,471
27,773 107,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,000 24,000