IRIS Accounts Production v25.1.3.33 04548197 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045481972023-03-31045481972024-03-31045481972023-04-012024-03-31045481972022-09-30045481972022-10-012023-03-31045481972023-03-3104548197ns15:EnglandWales2023-04-012024-03-3104548197ns14:PoundSterling2023-04-012024-03-3104548197ns10:Director12023-04-012024-03-3104548197ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104548197ns10:SmallEntities2023-04-012024-03-3104548197ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3104548197ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104548197ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104548197ns10:FullAccounts2023-04-012024-03-3104548197ns10:CompanySecretary12023-04-012024-03-3104548197ns10:RegisteredOffice2023-04-012024-03-3104548197ns5:CurrentFinancialInstruments2024-03-3104548197ns5:CurrentFinancialInstruments2023-03-3104548197ns5:Non-currentFinancialInstruments2024-03-3104548197ns5:Non-currentFinancialInstruments2023-03-3104548197ns5:ShareCapital2024-03-3104548197ns5:ShareCapital2023-03-3104548197ns5:RetainedEarningsAccumulatedLosses2024-03-3104548197ns5:RetainedEarningsAccumulatedLosses2023-03-3104548197ns5:PlantMachinery2023-04-012024-03-3104548197ns5:FurnitureFittings2023-04-012024-03-3104548197ns5:MotorVehicles2023-04-012024-03-3104548197ns5:ComputerEquipment2023-04-012024-03-3104548197ns5:LandBuildings2023-03-3104548197ns5:PlantMachinery2023-03-3104548197ns5:FurnitureFittings2023-03-3104548197ns5:LandBuildings2023-04-012024-03-3104548197ns5:LandBuildings2024-03-3104548197ns5:PlantMachinery2024-03-3104548197ns5:FurnitureFittings2024-03-3104548197ns5:MotorVehicles2023-03-3104548197ns5:ComputerEquipment2023-03-3104548197ns5:MotorVehicles2024-03-3104548197ns5:ComputerEquipment2024-03-3104548197ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104548197ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104548197ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3104548197ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104548197ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104548197ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31045481971ns10:Director12023-03-31045481971ns10:Director12022-09-30045481971ns10:Director12023-04-012024-03-31045481971ns10:Director12022-10-012023-03-31045481971ns10:Director12024-03-31045481971ns10:Director12023-03-31
REGISTERED NUMBER: 04548197 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SUSSEX BUILDING CO LIMITED

SUSSEX BUILDING CO LIMITED (REGISTERED NUMBER: 04548197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 7

SUSSEX BUILDING CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M A J Morley





SECRETARY: M A J Morley





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 04548197 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

SUSSEX BUILDING CO LIMITED (REGISTERED NUMBER: 04548197)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 114,670 106,422

CURRENT ASSETS
Debtors 5 563,309 643,864
Cash at bank and in hand 69,663 105,635
632,972 749,499
CREDITORS
Amounts falling due within one year 6 453,177 170,423
NET CURRENT ASSETS 179,795 579,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,465

685,498

CREDITORS
Amounts falling due after more than one
year

7

(79,506

)

(109,183

)

PROVISIONS FOR LIABILITIES (15,655 ) (17,458 )
NET ASSETS 199,304 558,857

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 199,204 558,757
SHAREHOLDERS' FUNDS 199,304 558,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 May 2025 and were signed by:




M A J Morley - Director


SUSSEX BUILDING CO LIMITED (REGISTERED NUMBER: 04548197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Sussex Building Co Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

SUSSEX BUILDING CO LIMITED (REGISTERED NUMBER: 04548197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 32,273 2,270 30,517
Additions - 27,667 -
Disposals - - -
At 31 March 2024 32,273 29,937 30,517
DEPRECIATION
At 1 April 2023 - 2,107 23,506
Charge for year - 6,957 1,403
Eliminated on disposal - - -
At 31 March 2024 - 9,064 24,909
NET BOOK VALUE
At 31 March 2024 32,273 20,873 5,608
At 31 March 2023 32,273 163 7,011

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 147,499 9,467 222,026
Additions 15,496 5,441 48,604
Disposals (22,223 ) - (22,223 )
At 31 March 2024 140,772 14,908 248,407
DEPRECIATION
At 1 April 2023 80,544 9,446 115,603
Charge for year 17,423 1,816 27,599
Eliminated on disposal (9,465 ) - (9,465 )
At 31 March 2024 88,502 11,262 133,737
NET BOOK VALUE
At 31 March 2024 52,270 3,646 114,670
At 31 March 2023 66,955 21 106,423

SUSSEX BUILDING CO LIMITED (REGISTERED NUMBER: 04548197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 April 2023 98,405
Additions 15,496
Disposals (22,223 )
At 31 March 2024 91,678
DEPRECIATION
At 1 April 2023 41,342
Charge for year 14,950
Eliminated on disposal (9,465 )
At 31 March 2024 46,827
NET BOOK VALUE
At 31 March 2024 44,851
At 31 March 2023 57,063

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 90,042 89,657
Amounts recoverable on contract 111,828 205,791
Other debtors 361,439 348,416
563,309 643,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 18,995 22,470
Hire purchase contracts 16,243 14,805
Trade creditors 165,557 14,145
Taxation and social security 241,140 104,116
Other creditors 11,242 14,887
453,177 170,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 41,119 56,640
Hire purchase contracts 38,387 52,543
79,506 109,183

SUSSEX BUILDING CO LIMITED (REGISTERED NUMBER: 04548197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
M A J Morley
Balance outstanding at start of year 227,802 229,088
Amounts advanced 50,895 4,524
Amounts repaid - (5,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 278,697 227,802

At the start of the year, Mr M Morley owed the company £227,802. In the year, the director repaid £55,358 to the company. Interest was charged on the average loan outstanding at the official rate of 2.5% totalling £5,003. Amounts have been aggregated where considered appropriate and there were no material transactions.


Balance B/fwdAdvancedRepaidBalance C/fwd
Drawings227,80244,642272,444
Interest charged272,4446,253278,697



ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SUSSEX BUILDING CO LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sussex Building Co Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Sussex Building Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sussex Building Co Limited and state those matters that we have agreed to state to the director of Sussex Building Co Limited in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sussex Building Co Limited and its director for our work or for this report.

It is your duty to ensure that Sussex Building Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sussex Building Co Limited. You consider that Sussex Building Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sussex Building Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


12 May 2025