Company Registration No. 08998643 (England and Wales)
SB Construction South West Ltd
Unaudited accounts
for the year ended 30 April 2024
SB Construction South West Ltd
Unaudited accounts
Contents
SB Construction South West Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
17,412
12,961
Inventories
100,581
30,000
Cash at bank and in hand
269
8,308
Creditors: amounts falling due within one year
(457,073)
(421,432)
Net current liabilities
(6,854)
(36,053)
Total assets less current liabilities
10,559
(23,091)
Creditors: amounts falling due after more than one year
(10,172)
(22,357)
Net assets/(liabilities)
387
(45,448)
Called up share capital
10
10
Profit and loss account
377
(45,458)
Shareholders' funds
387
(45,448)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Shaun Brake
Director
Company Registration No. 08998643
SB Construction South West Ltd
Notes to the Accounts
for the year ended 30 April 2024
SB Construction South West Ltd is a private company, limited by shares, registered in England and Wales, registration number 08998643. The registered office is 2, Bailey Hill, CASTLE CARY, Select, BA7 7AD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
18,692
11,600
30,292
Additions
7,600
2,450
10,050
At 30 April 2024
26,292
14,050
40,342
At 1 May 2023
9,731
7,600
17,331
Charge for the year
4,140
1,459
5,599
At 30 April 2024
13,871
9,059
22,930
At 30 April 2024
12,421
4,991
17,412
At 30 April 2023
8,961
4,000
12,961
SB Construction South West Ltd
Notes to the Accounts
for the year ended 30 April 2024
5
Investments
Other investments
Valuation at 30 April 2024
1
Amounts falling due within one year
Trade debtors
27,370
75,744
Accrued income and prepayments
-
9,028
Other debtors
268,270
238,299
Amounts falling due after more than one year
Other debtors
53,729
24,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
36,398
32,732
Trade creditors
165,919
264,249
Taxes and social security
123,197
50,410
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan 3
43,051
720
28,505
15,266
Loan 4
111,526
2,788
-
114,314
162,370
66,359
36,388
192,341
Other debtors includes £192,341 (2023 - £162,370) owed by S Brake, director. Interest is charged at the beneficial loan rate and there are no fixed terms for repayment.
SB Construction South West Ltd
Notes to the Accounts
for the year ended 30 April 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).