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REGISTERED NUMBER: 12315332 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SB CONSTRUCTION (DESIGN & BUILD) LIMITED

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,331 3,138

CURRENT ASSETS
Debtors 5 1,252,426 1,263,628
Cash at bank 1,197,533 1,236,074
2,449,959 2,499,702
CREDITORS
Amounts falling due within one year 6 1,636,656 1,234,499
NET CURRENT ASSETS 813,303 1,265,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,634

1,268,341

CREDITORS
Amounts falling due after more than one
year

7

(8,545

)

(18,797

)

PROVISIONS FOR LIABILITIES 9 (2,800 ) -
NET ASSETS 813,289 1,249,544

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 812,189 1,248,444
SHAREHOLDERS' FUNDS 813,289 1,249,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:




S J Appleford - Director


SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

SB Construction (Design & Build) Limited 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: 12315332

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

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.

Turnover represents the sale of construction services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023 3,846
Additions 10,489
At 30 November 2024 14,335
DEPRECIATION
At 1 December 2023 708
Charge for year 2,296
At 30 November 2024 3,004
NET BOOK VALUE
At 30 November 2024 11,331
At 30 November 2023 3,138

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 460,771 864,619
Other debtors 54,839 49,792
Work in progress 458,959 165,973
Prepayments and accrued income 277,857 183,244
1,252,426 1,263,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,295 10,028
Trade creditors 914,316 261,980
Taxation and social security 469,845 719,166
Other creditors 242,200 243,325
1,636,656 1,234,499

The amounts due to the directors are interest free and repayable on demand.

SB CONSTRUCTION (DESIGN & BUILD) LIMITED (REGISTERED NUMBER: 12315332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,545 18,797

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 65,845 15,957
Between one and five years 51,138 16,383
116,983 32,340

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,800 -

Deferred
tax
£   
Provided during year 2,800
Balance at 30 November 2024 2,800