M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Company Registration Number:
10239941 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 17,892 23,701
Total fixed assets: 17,892 23,701
Current assets
Stocks: 253,554 372,069
Debtors:   120,042 198,027
Cash at bank and in hand: 411,491 124,324
Total current assets: 785,087 694,420
Creditors: amounts falling due within one year:   (153,460) (267,414)
Net current assets (liabilities): 631,627 427,006
Total assets less current liabilities: 649,519 450,707
Creditors: amounts falling due after more than one year:     (12,316)
Provision for liabilities: (4,473)
Total net assets (liabilities): 645,046 438,391
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 644,946 438,291
Shareholders funds: 645,046 438,391

The notes form part of these financial statements

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 October 2024
and signed on behalf of the board by:

Name: M K Snutch
Status: Director

The notes form part of these financial statements

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives at the following rates: Plant, Machinery, Fixtures and Fittings - 18% p.a. reducing balance. Motor Vehicles - 25% p.a. reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Deferred taxation is recognised on timing differences between the carrying amounts of fixed assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit and is measured at the tax rates that have been enacted by the end of the reporting period.

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

M.SNUTCH BUILDERS & CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 44,976
At 30 June 2024 44,976
Depreciation
At 01 July 2023 21,275
Charge for year 5,809
At 30 June 2024 27,084
Net book value
At 30 June 2024 17,892
At 30 June 2023 23,701