Company registration number 04713229 (England and Wales)
Sandwells Construction Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Sandwells Construction Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Sandwells Construction Limited
Statement Of Financial Position
as at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1
1
Tangible assets
4
171,757
133,274
171,758
133,275
Current assets
Stocks
1,946
1,056
Debtors
5
101,473
228,839
Cash at bank and in hand
135,679
143,410
239,098
373,305
Creditors: amounts falling due within one year
6
(129,283)
(160,039)
Net current assets
109,815
213,266
Total assets less current liabilities
281,573
346,541
Provisions for liabilities
7
(42,939)
(25,322)
Net assets
238,634
321,219
Capital and reserves
Called up share capital
8
20,000
20,000
Profit and loss reserves
218,634
301,219
Total equity
238,634
321,219
Sandwells Construction Limited
Statement Of Financial Position (continued)
as at 30 April 2024
30 April 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 11 October 2024 and are signed on its behalf by:
D P Brook
Director
Company Registration No. 04713229
Sandwells Construction Limited
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on supply of goods.

Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% straight line
Fixtures, fittings & equipment
10% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

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

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Sandwells Construction Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
40,000
Amortisation and impairment
At 1 May 2023 and 30 April 2024
39,999
Carrying amount
At 30 April 2024
1
At 30 April 2023
1
Sandwells Construction Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 5 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
107,768
548
123,223
231,539
Additions
82,500
-
0
29,500
112,000
Disposals
(64,000)
-
0
(18,867)
(82,867)
At 30 April 2024
126,268
548
133,856
260,672
Depreciation and impairment
At 1 May 2023
49,382
238
48,645
98,265
Depreciation charged in the year
15,623
55
31,172
46,850
Eliminated in respect of disposals
(37,333)
-
0
(18,867)
(56,200)
At 30 April 2024
27,672
293
60,950
88,915
Carrying amount
At 30 April 2024
98,596
255
72,906
171,757
At 30 April 2023
58,386
310
74,578
133,274
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
81,639
94,347
Other debtors
-
0
121,411
Prepayments and accrued income
19,834
13,081
101,473
228,839
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
31,469
86,620
Corporation tax
82,806
38,197
Other taxation and social security
13,008
30,595
Accruals and deferred income
2,000
4,627
129,283
160,039
Sandwells Construction Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 6 -
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
42,939
25,322
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20,000
20,000
20,000
20,000
9
Parent company

The company was controlled by Sandwells Properties Limited, a company registered in England and Wales, whose registered office is Spring House, 2 Black Horse Drive, Stainland, Halifax, West Yorkshire, HX4 9PH.

10
Company information

Sandwells Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is Spring House, 2 Black Horse Drive, Stainland, Halifax, West Yorkshire, HX4 9PH.

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