Registered number
04672476
STUART BRAITHWAITE BUILDING CONTRACTORS LIMITED
Filleted Accounts
31 March 2024
STUART BRAITHWAITE BUILDING CONTRACTORS LIMITED
Registered number: 04672476
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,000 20,000
Tangible assets 4 1,327 1,718
21,327 21,718
Current assets
Stocks 7,000 4,500
Debtors 5 - 7,453
7,000 11,953
Creditors: amounts falling due within one year 6 (23,681) (27,039)
Net current liabilities (16,681) (15,086)
Total assets less current liabilities 4,646 6,632
Creditors: amounts falling due after more than one year 7 (4,333) (6,333)
Net assets 313 299
Capital and reserves
Called up share capital 100 100
Profit and loss account 213 199
Shareholders' funds 313 299
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Braithwaite
Director
Approved by the board on 26 November 2024
STUART BRAITHWAITE BUILDING CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 15% on the reducing balance basis
Motor vehicle 25% on the reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 20,000
At 31 March 2024 20,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 20,000
At 31 March 2023 20,000
4 Tangible fixed assets
Plant and equipment Motor vehicle Total
£ £ £
Cost
At 1 April 2023 3,703 7,500 11,203
At 31 March 2024 3,703 7,500 11,203
Depreciation
At 1 April 2023 3,320 6,165 9,485
Charge for the year 57 334 391
At 31 March 2024 3,377 6,499 9,876
Net book value
At 31 March 2024 326 1,001 1,327
At 31 March 2023 383 1,335 1,718
5 Debtors 2024 2023
£ £
Trade debtors - 7,453
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank overdrafts 17,087 16,577
Trade creditors and accruals 1,525 5,451
Taxation 4,986 4,978
Director's loan account 83 33
23,681 27,039
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 4,333 6,333
8 Other information
STUART BRAITHWAITE BUILDING CONTRACTORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
57 Clare Road
Lancaster
LA1 2LU
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