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REGISTERED NUMBER: 06244667 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

SDM BUILDERS LTD

SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDM BUILDERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Miller
Mrs. S Miller





SECRETARY: BH21 Ltd





REGISTERED OFFICE: Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH





REGISTERED NUMBER: 06244667 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH

SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 47,458 21,739
50,458 26,239

CURRENT ASSETS
Stocks 1,200 1,000
Debtors 6 1,200 29,198
Prepayments and accrued income 235 478
Cash at bank 85,591 31,459
88,226 62,135
CREDITORS
Amounts falling due within one year 7 48,215 28,115
NET CURRENT ASSETS 40,011 34,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,469

60,259

CREDITORS
Amounts falling due after more than one
year

8

58,253

37,388
NET ASSETS 32,216 22,871

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 32,214 22,869
SHAREHOLDERS' FUNDS 32,216 22,871

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)

BALANCE SHEET - continued
31 MAY 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 8 January 2025 and were signed on its behalf by:




S Miller - Director



Mrs. S Miller - Director


SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)

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

1. STATUTORY INFORMATION

SDM BUILDERS LTD 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.

Goodwill
In the view of the director the goodwill has not diminished in value and consequently no amortisation is necessary.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)

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

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 15,000
AMORTISATION
At 1 June 2023 10,500
Charge for year 1,500
At 31 May 2024 12,000
NET BOOK VALUE
At 31 May 2024 3,000
At 31 May 2023 4,500

SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 84,675
Additions 37,583
At 31 May 2024 122,258
DEPRECIATION
At 1 June 2023 62,936
Charge for year 11,864
At 31 May 2024 74,800
NET BOOK VALUE
At 31 May 2024 47,458
At 31 May 2023 21,739

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,200 22,951
Other debtors - 6,247
1,200 29,198

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,304 16,378
Taxation and social security 19,012 3,875
Other creditors 899 7,862
48,215 28,115

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 33,709 37,388
Hire purchase contracts 24,544 -
58,253 37,388

SDM BUILDERS LTD (REGISTERED NUMBER: 06244667)

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

9. RELATED PARTY DISCLOSURES

Mr S Miller is the managing director and the majority shareholder.