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Company No: 10908233 (England and Wales)

SSG HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SSG HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SSG HOMES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
SSG HOMES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR Oliver Shipley
REGISTERED OFFICE Unit 15 Evans Business Centre
Rose Avenue
York Business Park
York
YO26 6RR
United Kingdom
COMPANY NUMBER 10908233 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
SSG HOMES LIMITED

BALANCE SHEET

As at 31 March 2024
SSG HOMES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Current assets
Stocks 3 117,906 117,906
Debtors 4 3,755 3,156
Cash at bank and in hand 5 3,923 4,751
125,584 125,813
Creditors: amounts falling due within one year 6 ( 29,464) ( 15,826)
Net current assets 96,120 109,987
Total assets less current liabilities 96,120 109,987
Creditors: amounts falling due after more than one year 7 ( 11,202) ( 20,802)
Net assets 84,918 89,185
Capital and reserves
Called-up share capital 8 600 600
Profit and loss account 84,318 88,585
Total shareholder's funds 84,918 89,185

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of SSG Homes Limited (registered number: 10908233) were approved and authorised for issue by the Director on 20 November 2024. They were signed on its behalf by:

Oliver Shipley
Director
SSG HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SSG HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SSG Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 15 Evans Business Centre, Rose Avenue, York Business Park, York, YO26 6RR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

31.03.2024 31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

31.03.2024 31.03.2023
£ £
Work in progress 117,906 117,906

Work in progress is valued at cost plus an apportioned prudentially calculated proportion of the profit.

4. Debtors

31.03.2024 31.03.2023
£ £
Other debtors 3,755 3,156

5. Cash and cash equivalents

31.03.2024 31.03.2023
£ £
Cash at bank and in hand 3,923 4,751

6. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Bank loans 9,600 9,601
Trade creditors 604 0
Other creditors 19,260 6,225
29,464 15,826

7. Creditors: amounts falling due after more than one year

31.03.2024 31.03.2023
£ £
Bank loans 11,202 20,802

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
600 Ordinary shares of £ 1.00 each 600 600