Company Registration No. 14116280 (England and Wales)
SAHIB BUILDERS LTD
Unaudited accounts
for the year ended 31 May 2024
SAHIB BUILDERS LTD
Unaudited accounts
Contents
SAHIB BUILDERS LTD
Company Information
for the year ended 31 May 2024
Company Number
14116280 (England and Wales)
Registered Office
19 WEST AVENUE
STAPLEFORD
NOTTINGHAM
NG9 8DY
ENGLAND
Accountants
Syed & Co
33 Bentinck Road
Nottingham
NG7 4AA
SAHIB BUILDERS LTD
Statement of financial position
as at 31 May 2024
Tangible assets
5,327
6,525
Cash at bank and in hand
8,044
5,170
Creditors: amounts falling due within one year
(8,399)
(4,842)
Net current (liabilities)/assets
(355)
328
Called up share capital
100
100
Profit and loss account
4,872
6,753
Shareholders' funds
4,972
6,853
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2024 and were signed on its behalf by
Avtar Singh
Director
Company Registration No. 14116280
SAHIB BUILDERS LTD
Notes to the Accounts
for the year ended 31 May 2024
SAHIB BUILDERS LTD is a private company, limited by shares, registered in England and Wales, registration number 14116280. The registered office is 19 WEST AVENUE, STAPLEFORD, NOTTINGHAM, NG9 8DY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on a reducing balance basis
Motor vehicles
20% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
2,500
5,500
8,000
At 31 May 2024
2,500
5,500
8,000
At 1 June 2023
375
1,100
1,475
Charge for the year
318
880
1,198
At 31 May 2024
693
1,980
2,673
At 31 May 2024
1,807
3,520
5,327
At 31 May 2023
2,125
4,400
6,525
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
249
Loans from directors
5,368
4,193
SAHIB BUILDERS LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).