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REGISTERED NUMBER: 09033601 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Staffordshire Construction Services Ltd

Staffordshire Construction Services Ltd (Registered number: 09033601)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Staffordshire Construction Services Ltd (Registered number: 09033601)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,100 64,728
Investment property 5 89,730 -
168,830 64,728

CURRENT ASSETS
Stocks 138,581 77,000
Debtors 6 23,741 53,331
Cash at bank 181,888 281,022
344,210 411,353
CREDITORS
Amounts falling due within one year 7 302,503 340,841
NET CURRENT ASSETS 41,707 70,512
TOTAL ASSETS LESS CURRENT LIABILITIES 210,537 135,240

CREDITORS
Amounts falling due after more than one year 8 (124,550 ) (49,008 )

PROVISIONS FOR LIABILITIES (18,545 ) (16,182 )
NET ASSETS 67,442 70,050

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,342 69,950
SHAREHOLDERS' FUNDS 67,442 70,050

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:



A Scarratt - Director


Staffordshire Construction Services Ltd (Registered number: 09033601)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Staffordshire Construction Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09033601

Registered office: Lower House Farm Stanley Bank
Stanley
Stoke-On-Trent
ST9 9LT

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Profit and Loss Account, 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.


Staffordshire Construction Services Ltd (Registered number: 09033601)

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 5,285 108,736 114,021
Additions - 47,500 47,500
Disposals - (27,752 ) (27,752 )
At 31 May 2024 5,285 128,484 133,769
DEPRECIATION
At 1 June 2023 4,765 44,528 49,293
Charge for year 130 19,677 19,807
Eliminated on disposal - (14,431 ) (14,431 )
At 31 May 2024 4,895 49,774 54,669
NET BOOK VALUE
At 31 May 2024 390 78,710 79,100
At 31 May 2023 520 64,208 64,728

Staffordshire Construction Services Ltd (Registered number: 09033601)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 64,951
Additions 47,500
Disposals (27,752 )
At 31 May 2024 84,699
DEPRECIATION
At 1 June 2023 27,823
Charge for year 14,261
Eliminated on disposal (14,431 )
At 31 May 2024 27,653
NET BOOK VALUE
At 31 May 2024 57,046
At 31 May 2023 37,128

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 89,730
At 31 May 2024 89,730
NET BOOK VALUE
At 31 May 2024 89,730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,434 37,703
Other debtors 3,307 15,628
23,741 53,331

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,813 5,556
Hire purchase contracts 5,721 6,379
Trade creditors 54,628 46,507
Taxation and social security 95,561 97,061
Other creditors 142,780 185,338
302,503 340,841

Staffordshire Construction Services Ltd (Registered number: 09033601)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 93,325 33,334
Hire purchase contracts 31,225 15,674
124,550 49,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 70,763 11,111

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 97,138 -
Hire purchase contracts 36,946 22,053
134,084 22,053

Bank loans are secured by a fixed charge over assets of the company.

Hire purchase contracts are secured against the assets to which they relate.