Silverfin false false 31/01/2024 01/02/2023 31/01/2024 S D Hole 29/01/2020 24 January 2025 The principal activity of the Company during the financial period was that of a building contractor. 12431674 2024-01-31 12431674 bus:Director1 2024-01-31 12431674 2023-01-31 12431674 core:CurrentFinancialInstruments 2024-01-31 12431674 core:CurrentFinancialInstruments 2023-01-31 12431674 core:ShareCapital 2024-01-31 12431674 core:ShareCapital 2023-01-31 12431674 core:RetainedEarningsAccumulatedLosses 2024-01-31 12431674 core:RetainedEarningsAccumulatedLosses 2023-01-31 12431674 core:Vehicles 2023-01-31 12431674 core:Vehicles 2024-01-31 12431674 core:CurrentFinancialInstruments 11 2024-01-31 12431674 core:CurrentFinancialInstruments 11 2023-01-31 12431674 2023-02-01 2024-01-31 12431674 bus:FilletedAccounts 2023-02-01 2024-01-31 12431674 bus:SmallEntities 2023-02-01 2024-01-31 12431674 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12431674 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12431674 bus:Director1 2023-02-01 2024-01-31 12431674 core:Vehicles 2023-02-01 2024-01-31 12431674 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: 12431674 (England and Wales)

SDH BUILDING LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

SDH BUILDING LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

SDH BUILDING LTD

BALANCE SHEET

As at 31 January 2024
SDH BUILDING LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,374 4,499
3,374 4,499
Current assets
Debtors 4 26,865 9,668
Cash at bank and in hand 3,549 2,763
30,414 12,431
Creditors: amounts falling due within one year 5 ( 29,509) ( 15,909)
Net current assets/(liabilities) 905 (3,478)
Total assets less current liabilities 4,279 1,021
Net assets 4,279 1,021
Capital and reserves
Called-up share capital 100 100
Profit and loss account 4,179 921
Total shareholder's funds 4,279 1,021

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of SDH Building Ltd (registered number: 12431674) were approved and authorised for issue by the Director on 24 January 2025. They were signed on its behalf by:

S D Hole
Director
SDH BUILDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
SDH BUILDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SDH Building Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 281 Sandbanks Rd, Poole, BH14 8EY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 February 2023 10,103 10,103
At 31 January 2024 10,103 10,103
Accumulated depreciation
At 01 February 2023 5,604 5,604
Charge for the financial year 1,125 1,125
At 31 January 2024 6,729 6,729
Net book value
At 31 January 2024 3,374 3,374
At 31 January 2023 4,499 4,499

4. Debtors

2024 2023
£ £
CIS suffered 4,707 2,476
Other debtors 22,158 7,192
26,865 9,668

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 2,544
Corporation tax 18,464 6,342
Other taxation and social security 9,221 3,746
Other creditors 1,824 3,277
29,509 15,909

6. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Key management 13,161 7,192

Interest has been charged on the loan account as per applicable HMRC rates.