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REGISTERED NUMBER: 03467619 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Stanborough (Construction) Limited

Stanborough (Construction) Limited (Registered number: 03467619)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Stanborough (Construction) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J S Stanborough
Mrs R M Stanborough





SECRETARY: Mrs R M Stanborough





REGISTERED OFFICE: 1 Longfleet Road
Poole
Dorset
BH15 2HN





REGISTERED NUMBER: 03467619 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Stanborough (Construction) Limited (Registered number: 03467619)

Abridged Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,887 271,735

CURRENT ASSETS
Stocks 5,238,659 4,785,530
Debtors 66,465 826,079
Cash at bank 89,724 234,056
5,394,848 5,845,665
CREDITORS
Amounts falling due within one year 434,778 366,849
NET CURRENT ASSETS 4,960,070 5,478,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,245,957

5,750,551

PROVISIONS FOR LIABILITIES 49,100 62,461
NET ASSETS 5,196,857 5,688,090

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 6 5,195,857 5,687,090
SHAREHOLDERS' FUNDS 5,196,857 5,688,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Stanborough (Construction) Limited (Registered number: 03467619)

Abridged Statement of Financial Position - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 November 2024 and were signed on its behalf by:





Mr J S Stanborough - Director


Stanborough (Construction) Limited (Registered number: 03467619)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stanborough (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.

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 net invoiced sale of goods and services, excluding value added tax. Turnover is recognised upon exchange of contracts.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Stanborough (Construction) Limited (Registered number: 03467619)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 714,704
Additions 74,465
Disposals (23,351 )
At 30 April 2024 765,818
DEPRECIATION
At 1 May 2023 442,969
Charge for year 59,471
Eliminated on disposal (22,509 )
At 30 April 2024 479,931
NET BOOK VALUE
At 30 April 2024 285,887
At 30 April 2023 271,735

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
999 Ordinary 1 GBP £1 999 999
1 Ordinary A £1 1 1
1,000 1,000

Stanborough (Construction) Limited (Registered number: 03467619)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. RESERVES
Retained
earnings
£   

At 1 May 2023 5,687,090
Deficit for the year (321,610 )
Dividends (169,623 )
At 30 April 2024 5,195,857

7. RELATED PARTY DISCLOSURES

Included within other debtors is £135,329 (2023- £753,351 creditor) owed to the company by Stanborough (Developments) Limited, a company controlled by J H Stanborough, a close family member of the director J S Stanborough.

Included within creditors is £26 (2023 - £4,924 other debtor) owed by the company to the director, J S Stanborough.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J S Stanborough by having final direction over the company.