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REGISTERED NUMBER: 06324602















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Southbay Civil Engineering Limited

Southbay Civil Engineering Limited (Registered number: 06324602)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Southbay Civil Engineering Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P Stephenson
A Ballantyne





SECRETARY:





REGISTERED OFFICE: Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF





REGISTERED NUMBER: 06324602





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

Southbay Civil Engineering Limited (Registered number: 06324602)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,400 -

CURRENT ASSETS
Stocks 2,920,272 4,466,734
Debtors 5 955,502 2,021,387
Cash at bank 7,309,142 5,804,312
11,184,916 12,292,433
CREDITORS
Amounts falling due within one year 6 4,795,193 8,023,265
NET CURRENT ASSETS 6,389,723 4,269,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,463,123

4,269,168

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,463,121 4,269,166
6,463,123 4,269,168

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

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

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 Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





P Stephenson - Director


Southbay Civil Engineering Limited (Registered number: 06324602)

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

1. STATUTORY INFORMATION

Southbay Civil Engineering Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 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 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.

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.

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.

Southbay Civil Engineering Limited (Registered number: 06324602)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 281,512
Additions 81,000
At 31 July 2024 362,512
DEPRECIATION
At 1 August 2023 281,512
Charge for year 7,600
At 31 July 2024 289,112
NET BOOK VALUE
At 31 July 2024 73,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 365,365
Amounts recoverable on contract 793,624 850,329
Other debtors 161,878 805,693
955,502 2,021,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 3,304 3,304
Trade creditors 1,842,224 4,054,158
Taxation and social security 1,057,979 1,562,451
Other creditors 1,891,686 2,403,352
4,795,193 8,023,265