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REGISTERED NUMBER: 06025439 (England and Wales)











S & B Paver Hire Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






S & B Paver Hire Ltd (Registered number: 06025439)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & B Paver Hire Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P E Stokes
Mrs J E Stokes





SECRETARY: Mrs J E Stokes





REGISTERED OFFICE: The Old Barn
Adforton
Craven Arms
SHROPSHIRE
SY7 0NF





REGISTERED NUMBER: 06025439 (England and Wales)





ACCOUNTANTS: Streets Dyke Ruscoe Ltd
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

S & B Paver Hire Ltd (Registered number: 06025439)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 204,637 281,050

CURRENT ASSETS
Stocks 5 2,000 -
Debtors 6 58,947 82,289
Prepayments and accrued income 4,370 3,955
Cash at bank 301,713 282,296
367,030 368,540
CREDITORS
Amounts falling due within one year 7 157,451 168,096
NET CURRENT ASSETS 209,579 200,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,216

481,494

CREDITORS
Amounts falling due after more than one
year

8

-

(6,797

)

PROVISIONS FOR LIABILITIES (51,159 ) (70,263 )

ACCRUALS AND DEFERRED INCOME (11,381 ) (9,626 )
NET ASSETS 351,676 394,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 351,576 394,708
SHAREHOLDERS' FUNDS 351,676 394,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

S & B Paver Hire Ltd (Registered number: 06025439)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





P E Stokes - Director


S & B Paver Hire Ltd (Registered number: 06025439)

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

1. STATUTORY INFORMATION

S & B Paver Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

No profit and loss account is filed.

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.

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, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on reducing balance

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

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

S & B Paver Hire Ltd (Registered number: 06025439)

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

2. ACCOUNTING POLICIES - continued

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.

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 AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 378,195 109,968 1,199 489,362
Additions 54,800 5,000 - 59,800
Disposals (135,654 ) (4,900 ) - (140,554 )
At 31 December 2024 297,341 110,068 1,199 408,608
DEPRECIATION
At 1 January 2024 174,686 32,776 850 208,312
Charge for year 21,704 17,679 115 39,498
Eliminated on disposal (41,585 ) (2,254 ) - (43,839 )
At 31 December 2024 154,805 48,201 965 203,971
NET BOOK VALUE
At 31 December 2024 142,536 61,867 234 204,637
At 31 December 2023 203,509 77,192 349 281,050

S & B Paver Hire Ltd (Registered number: 06025439)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 135,000
Disposals (135,000 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 41,344
Eliminated on disposal (41,344 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 93,656

5. STOCKS
2024 2023
£    £   
Stocks 2,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,689 56,984
Other debtors - 25,305
VAT 258 -
58,947 82,289

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 6,670 10,000
Hire purchase contracts - 8,684
Trade creditors 19,511 27,632
Tax 23,864 33,754
Social security and other taxes 1,598 458
VAT - 2,585
Other creditors 208 336
Directors' current accounts 105,600 84,647
157,451 168,096

S & B Paver Hire Ltd (Registered number: 06025439)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan - 6,797