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REGISTERED NUMBER: 07762963 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Sira Building & Development Limited

Sira Building & Development Limited (Registered number: 07762963)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sira Building & Development Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S Sira
Mrs S K Sira





SECRETARY: Mrs S K Sira





REGISTERED OFFICE: 1 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 07762963 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Sira Building & Development Limited (Registered number: 07762963)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,446 61,880

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 5 632,718 447,221
Cash at bank 2,386 12,210
650,104 474,431
CREDITORS
Amounts falling due within one year 6 518,299 420,588
NET CURRENT ASSETS 131,805 53,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,251

115,723

CREDITORS
Amounts falling due after more than one
year

7

(107,059

)

(189,831

)

PROVISIONS FOR LIABILITIES (12,361 ) (15,470 )
NET ASSETS/(LIABILITIES) 61,831 (89,578 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 61,731 (89,678 )
SHAREHOLDERS' FUNDS 61,831 (89,578 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Sira Building & Development Limited (Registered number: 07762963)

Balance Sheet - continued
29 February 2024


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 20 November 2024 and were signed on its behalf by:





S Sira - Director


Sira Building & Development Limited (Registered number: 07762963)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sira Building & Development 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 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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Sira Building & Development Limited (Registered number: 07762963)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 114,076
Additions 3,700
At 29 February 2024 117,776
DEPRECIATION
At 1 March 2023 52,196
Charge for year 16,134
At 29 February 2024 68,330
NET BOOK VALUE
At 29 February 2024 49,446
At 28 February 2023 61,880

5. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 53,999 18,961
Amounts owed by group undertakings 439,151 319,847
Other debtors 127,568 96,413
620,718 435,221

Amounts falling due after more than one year:
Other debtors 12,000 12,000

Aggregate amounts 632,718 447,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 30,415 28,826
Hire purchase contracts (see note 8) 6,496 6,154
Trade creditors 145,589 75,452
Taxation and social security 129,254 186,853
Other creditors 206,545 123,303
518,299 420,588

Sira Building & Development Limited (Registered number: 07762963)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 50,577 82,025
Hire purchase contracts (see note 8) 32,992 39,496
Other creditors 23,490 68,310
107,059 189,831

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 6,496 6,154
Between one and five years 32,992 39,496
39,488 45,650

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Within one year 40,000 40,000
Between one and five years 63,333 103,333
103,333 143,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

10. PARENT UNDERTAKING

The parent undertaking is S Sira Group Limited whose registered office is 1 Rushmills, Northampton, Northamptonshire, England, NN4 7YB.