Registered number
05639844
Steve Selby Building Contractors Ltd
Unaudited Filleted Accounts
For The Year Ended
30 September 2024
Steve Selby Building Contractors Ltd
Registered number: 05639844
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 403,089 306,278
Current assets
Stocks 274,242 239,161
Debtors 4 87,060 99,643
Cash at bank and in hand 637,619 614,657
998,921 953,461
Creditors: amounts falling due within one year 5 (380,757) (324,368)
Net current assets 618,164 629,093
Total assets less current liabilities 1,021,253 935,371
Creditors: amounts falling due after more than one year 6 (17,457) (18,074)
Provisions for liabilities (53,272) (22,093)
Net assets 950,524 895,204
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 73,660 73,660
Profit and loss account 876,764 821,444
Shareholders' funds 950,524 895,204
The directors are 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 directors acknowledge their 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.
SA Selby
Director
Approved by the board on 8 January 2025
Steve Selby Building Contractors Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 190,000 99,294 186,995 476,289
Additions - 144,534 29,805 174,339
Disposals - (26,300) (15,500) (41,800)
At 30 September 2024 190,000 217,528 201,300 608,828
Depreciation
At 1 October 2023 - 79,886 90,125 170,011
Charge for the year - 36,511 39,725 76,236
On disposals - (26,300) (14,208) (40,508)
At 30 September 2024 - 90,097 115,642 205,739
Net book value
At 30 September 2024 190,000 127,431 85,658 403,089
At 30 September 2023 190,000 19,408 96,870 306,278
4 Debtors 2024 2023
£ £
Trade debtors 69,521 87,330
Other debtors 17,539 12,313
87,060 99,643
Included within Other debtors due within one year is an unsecured loan to SA & SJ Selby, Directors for £8,449 (2023 - £4,440).
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 58,415 11,415
Trade creditors 135,370 85,438
Taxation and social security costs 149,936 132,132
Other creditors 37,036 95,383
380,757 324,368
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 17,457 18,074
7 Revaluation reserve 2024 2023
£ £
At 1 October 2023 73,660 73,660
At 30 September 2024 73,660 73,660
8 Other information
Steve Selby Building Contractors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Borderside
86 Milnthorpe Road
Kendal
Cumbria
LA9 5HP
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