Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truefalseThe prinicpal activity was that of demolition and salvage contractors.2023-08-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03219935 2023-08-01 2024-07-31 03219935 2022-08-01 2023-07-31 03219935 2024-07-31 03219935 2023-07-31 03219935 c:Director1 2023-08-01 2024-07-31 03219935 d:Buildings 2023-08-01 2024-07-31 03219935 d:Buildings 2024-07-31 03219935 d:Buildings 2023-07-31 03219935 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03219935 d:Buildings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03219935 d:PlantMachinery 2023-08-01 2024-07-31 03219935 d:PlantMachinery 2024-07-31 03219935 d:PlantMachinery 2023-07-31 03219935 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03219935 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03219935 d:MotorVehicles 2023-08-01 2024-07-31 03219935 d:MotorVehicles 2024-07-31 03219935 d:MotorVehicles 2023-07-31 03219935 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03219935 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03219935 d:FurnitureFittings 2023-08-01 2024-07-31 03219935 d:FurnitureFittings 2024-07-31 03219935 d:FurnitureFittings 2023-07-31 03219935 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03219935 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03219935 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03219935 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03219935 d:Goodwill 2024-07-31 03219935 d:Goodwill 2023-07-31 03219935 d:CurrentFinancialInstruments 2024-07-31 03219935 d:CurrentFinancialInstruments 2023-07-31 03219935 d:Non-currentFinancialInstruments 2024-07-31 03219935 d:Non-currentFinancialInstruments 2023-07-31 03219935 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 03219935 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03219935 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 03219935 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03219935 d:ShareCapital 2024-07-31 03219935 d:ShareCapital 2023-07-31 03219935 c:FRS102 2023-08-01 2024-07-31 03219935 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03219935 c:FullAccounts 2023-08-01 2024-07-31 03219935 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03219935 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 03219935 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 03219935 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 03219935 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 03219935 2 2023-08-01 2024-07-31 03219935 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-07-31 03219935 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-31 03219935 d:LeasedAssetsHeldAsLessee 2024-07-31 03219935 d:LeasedAssetsHeldAsLessee 2023-07-31 03219935 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 03219935









SALISBURY DEMOLITION LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
SALISBURY DEMOLITION LTD
REGISTERED NUMBER: 03219935

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
10,841
10,379

  
10,841
10,379

Current assets
  

Stocks
 6 
56,315
55,200

Debtors: amounts falling due within one year
 7 
1,170
2,517

Cash at bank and in hand
 8 
5,524
7,215

  
63,009
64,932

Creditors: amounts falling due within one year
 9 
(73,068)
(71,545)

Net current liabilities
  
 
 
(10,059)
 
 
(6,613)

Total assets less current liabilities
  
782
3,766

Creditors: amounts falling due after more than one year
 10 
(780)
(3,764)

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


Page 1

 
SALISBURY DEMOLITION LTD
REGISTERED NUMBER: 03219935
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2025.





................................................
P R Barker
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Salisbury Demolition Ltd is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company was that of demolition and salvage contractors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Freehold property
-
5 Years straight line
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
20% Reducing balance
Fixtures and fittings
-
20% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
5,160



At 31 July 2024

5,160



Amortisation


At 1 August 2023
5,160



At 31 July 2024

5,160



Net book value



At 31 July 2024
-



At 31 July 2023
-



Page 6

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
6,440
29,197
3,945
5,613
45,195


Additions
-
-
3,167
-
3,167



At 31 July 2024

6,440
29,197
7,112
5,613
48,362



Depreciation


At 1 August 2023
6,440
19,526
3,771
5,079
34,816


Charge for the year on owned assets
-
339
668
106
1,113


Charge for the year on financed assets
-
1,592
-
-
1,592



At 31 July 2024

6,440
21,457
4,439
5,185
37,521



Net book value



At 31 July 2024
-
7,740
2,673
428
10,841



At 31 July 2023
-
9,671
174
534
10,379

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
6,368
7,960

6,368
7,960

Page 7

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Stocks

2024
2023
£
£

Raw materials and consumables
56,315
55,200

56,315
55,200



7.


Debtors

2024
2023
£
£


Trade debtors
268
950

Other debtors
-
931

Prepayments and accrued income
902
636

1,170
2,517



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,524
7,215

5,524
7,215


Page 8

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
277
388

Corporation tax
1,764
-

Other taxation and social security
1,926
3,592

Obligations under finance lease and hire purchase contracts
3,946
3,947

Other creditors
63,690
62,223

Accruals and deferred income
1,465
1,395

73,068
71,545


The following liabilities were secured:

2024
2023
£
£



Hire purchase
3,946
3,947

3,946
3,947

Details of security provided:

Hire purchase is secured against the asset concerned.

Page 9

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
780
3,764

780
3,764


The following liabilities were secured:

2024
2023
£
£



Hire purchase
780
3,764

780
3,764

Details of security provided:

Hire purchase is secured against the asset concerned.


11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
3,946
3,947

Between 1-5 years
780
3,764

4,726
7,711


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,407 (2023 - £2,462). Contributions payable by the Company to the fund were all paid up to date at the balance sheet date.


13.


Related party transactions

During the year the director, Mr P R Barker, received rental income of £6,459 (2023 - £6,459) from the Company.

Page 10

 
SALISBURY DEMOLITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

14.


Controlling party

The Company is controlled by the director, Mr P R Barker, by virtue of his shareholding as described in the director's report. 

 
Page 11