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REGISTERED NUMBER: 03268579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SEQUOIA CONSTRUCTION LIMITED

SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEQUOIA CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J M W Beard





REGISTERED OFFICE: 1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL





REGISTERED NUMBER: 03268579 (England and Wales)





ACCOUNTANTS: Aequitas Limited
1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL

SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,944 90,195
Investments 5 126,000 -
280,944 90,195

CURRENT ASSETS
Stocks 53,205 117,249
Debtors 6 653,069 919,620
Cash at bank 399,256 459,880
1,105,530 1,496,749
CREDITORS
Amounts falling due within one year 7 670,146 968,113
NET CURRENT ASSETS 435,384 528,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,328

618,831

CREDITORS
Amounts falling due after more than one
year

8

11,664

72,307
NET ASSETS 704,664 546,524

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 704,564 546,424
SHAREHOLDERS' FUNDS 704,664 546,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





J M W Beard - Director


SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Sequoia Construction 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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 7 (2023 - 7 ) .

SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 50,227 79,344 15,537
Additions - 526 -
Disposals - - -
At 31 March 2024 50,227 79,870 15,537
DEPRECIATION
At 1 April 2023 - 62,701 11,638
Charge for year - 2,576 585
Eliminated on disposal - - -
At 31 March 2024 - 65,277 12,223
NET BOOK VALUE
At 31 March 2024 50,227 14,593 3,314
At 31 March 2023 50,227 16,643 3,899

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 148,353 16,346 309,807
Additions 103,720 2,358 106,604
Disposals (66,647 ) - (66,647 )
At 31 March 2024 185,426 18,704 349,764
DEPRECIATION
At 1 April 2023 130,114 15,159 219,612
Charge for year 28,020 786 31,967
Eliminated on disposal (56,759 ) - (56,759 )
At 31 March 2024 101,375 15,945 194,820
NET BOOK VALUE
At 31 March 2024 84,051 2,759 154,944
At 31 March 2023 18,239 1,187 90,195

SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 126,000
At 31 March 2024 126,000
NET BOOK VALUE
At 31 March 2024 126,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 211,486 370,105
Other debtors 441,583 549,515
653,069 919,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 60,807 62,060
Hire purchase contracts 89,056 -
Trade creditors 180,390 440,081
Taxation and social security 92,816 63,603
Other creditors 247,077 402,369
670,146 968,113

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,664 72,307

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J M W Beard
Balance outstanding at start of year 102,624 11,186
Amounts advanced 103,922 102,624
Amounts repaid (102,624 ) (11,186 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,922 102,624

SEQUOIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 03268579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

This loan is charged at HMRC's official loan rate of 2.25% and will be repaid within 9 months of the year end.