Subbit Structural Detailing Limited 03731910 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is is that of specialised design activities. Digita Accounts Production Advanced 6.30.9574.0 true true 03731910 2023-04-01 2024-03-31 03731910 2024-03-31 03731910 bus:OrdinaryShareClass1 2024-03-31 03731910 core:CurrentFinancialInstruments 2024-03-31 03731910 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03731910 core:FurnitureFittings 2024-03-31 03731910 bus:SmallEntities 2023-04-01 2024-03-31 03731910 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03731910 bus:FilletedAccounts 2023-04-01 2024-03-31 03731910 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03731910 bus:RegisteredOffice 2023-04-01 2024-03-31 03731910 bus:Director1 2023-04-01 2024-03-31 03731910 bus:Director2 2023-04-01 2024-03-31 03731910 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03731910 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03731910 core:FurnitureFittings 2023-04-01 2024-03-31 03731910 countries:AllCountries 2023-04-01 2024-03-31 03731910 2023-03-31 03731910 core:FurnitureFittings 2023-03-31 03731910 2022-04-01 2023-03-31 03731910 2023-03-31 03731910 bus:OrdinaryShareClass1 2023-03-31 03731910 core:CurrentFinancialInstruments 2023-03-31 03731910 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03731910 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03731910

Subbit Structural Detailing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Subbit Structural Detailing Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Subbit Structural Detailing Limited

Company Information

Directors

Mr Nicholas Alan Pepper

Mr Wayne Thackray

Registered office

Unit 20 Mount Osborne Business Centre
Mount Osborne Industrial Park
Oakwell View
Barnsley
South Yorkshire
S71 1HH

Accountants

Thorntons Accounting Limited
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Subbit Structural Detailing Limited

(Registration number: 03731910)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,282

4,839

Current assets

 

Debtors

5

154,639

191,769

Cash at bank and in hand

 

94,514

132,965

 

249,153

324,734

Creditors: Amounts falling due within one year

6

(84,653)

(111,797)

Net current assets

 

164,500

212,937

Net assets

 

166,782

217,776

Capital and reserves

 

Called up share capital

7

12,000

12,000

Capital redemption reserve

12,000

12,000

Retained earnings

142,782

193,776

Shareholders' funds

 

166,782

217,776

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2024 and signed on its behalf by:
 

 

Subbit Structural Detailing Limited

(Registration number: 03731910)
Balance Sheet as at 31 March 2024

.........................................
Mr Nicholas Alan Pepper
Director

.........................................
Mr Wayne Thackray
Director

 

Subbit Structural Detailing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 20 Mount Osborne Business Centre
Mount Osborne Industrial Park
Oakwell View
Barnsley
South Yorkshire
S71 1HH

These financial statements were authorised for issue by the Board on 20 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Subbit Structural Detailing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Subbit Structural Detailing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 11).

 

Subbit Structural Detailing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2023

64,091

64,091

Additions

1,131

1,131

At 31 March 2024

65,222

65,222

Depreciation

At 1 April 2023

59,252

59,252

Charge for the year

3,688

3,688

At 31 March 2024

62,940

62,940

Carrying amount

At 31 March 2024

2,282

2,282

At 31 March 2023

4,839

4,839

5

Debtors

2024
£

2023
£

Trade debtors

133,468

172,586

Prepayments

21,171

19,183

154,639

191,769

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,221

4,616

Taxation and social security

79,244

99,514

Accruals and deferred income

2,700

2,600

Other creditors

1,488

5,067

84,653

111,797

 

Subbit Structural Detailing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

12,000

12,000

12,000

12,000