1 October 2023 false No description of principal activity Taxfiler 2024.6 12201081business:PrivateLimitedCompanyLtd2023-10-012024-09-30 122010812023-09-30 122010812023-10-012024-09-30 12201081business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 12201081business:FilletedAccounts2023-10-012024-09-30 122010812024-09-30 12201081business:Director12023-10-012024-09-30 12201081business:RegisteredOffice2023-10-012024-09-30 122010812023-09-30 12201081core:WithinOneYear2024-09-30 12201081core:WithinOneYear2023-09-30 12201081core:AfterOneYear2024-09-30 12201081core:AfterOneYear2023-09-30 12201081core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 12201081core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 12201081core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 12201081core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 12201081core:PreviouslyStatedAmount2024-09-30 12201081core:PreviouslyStatedAmount2023-09-30 12201081business:SmallEntities2023-10-012024-09-30 12201081countries:EnglandWales2023-10-012024-09-30 12201081core:PlantMachinery2023-10-012024-09-30 12201081core:MotorVehicles2023-10-012024-09-30 12201081core:ComputerEquipment2023-10-012024-09-30 12201081core:PlantMachinery2023-09-30 12201081core:MotorVehicles2023-09-30 12201081core:ComputerEquipment2023-09-30 12201081core:PlantMachinery2024-09-30 12201081core:MotorVehicles2024-09-30 12201081core:ComputerEquipment2024-09-30 12201081core:AfterOneYear2023-10-012024-09-30 12201081core:AcceleratedTaxDepreciationDeferredTax2024-09-30 12201081core:AcceleratedTaxDepreciationDeferredTax2023-09-30 122010812022-09-30 122010812022-10-012023-09-30 12201081business:OrdinaryShareClass12023-10-012024-09-30 12201081business:OrdinaryShareClass12022-10-012023-09-30 12201081business:Director112023-10-012024-09-30 12201081business:Director112023-09-30 12201081business:Director112024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12201081 (England and Wales)
S O Construction Lincoln Ltd Unaudited accounts for the year ended 30 September 2024
S O Construction Lincoln Ltd Unaudited accounts Contents
Page
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S O Construction Lincoln Ltd Company Information for the year ended 30 September 2024
Director
Sheldon O'Rourke
Company Number
12201081 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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S O Construction Lincoln Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,885 
6,885 
Current assets
Cash at bank and in hand
170 
6 
Creditors: amounts falling due within one year
(2,039)
259 
Net current (liabilities)/assets
(1,869)
265 
Total assets less current liabilities
5,016 
7,150 
Creditors: amounts falling due after more than one year
(5,996)
(6,600)
Provisions for liabilities
Deferred tax
- 
(2,068)
Net liabilities
(980)
(1,518)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(990)
(1,528)
Shareholders' funds
(980)
(1,518)
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2025 and were signed on its behalf by
Sheldon O'Rourke Director Company Registration No. 12201081
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S O Construction Lincoln Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
S O Construction Lincoln Ltd is a private company, limited by shares, registered in England and Wales, registration number 12201081. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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S O Construction Lincoln Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
11,539 
5,250 
225 
17,014 
At 30 September 2024
11,539 
5,250 
225 
17,014 
Depreciation
At 1 October 2023
7,680 
2,296 
153 
10,129 
At 30 September 2024
7,680 
2,296 
153 
10,129 
Net book value
At 30 September 2024
3,859 
2,954 
72 
6,885 
At 30 September 2023
3,859 
2,954 
72 
6,885 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,100 
1,100 
Loans from directors
759 
(1,953)
Accruals
180 
594 
2,039 
(259)
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,996 
6,600 
BBL Loan - Extended to 10 years from 5 year term Yr. 2. £1,100 Yr.3. £1,100 Yr. 4 £1,100 Yr. 5 - Yr. 10 - £3,300
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
2,068 
2024 
2023 
£ 
£ 
Provision at start of year
2,068 
2,068 
Credited to the profit and loss account
(2,068)
- 
Provision at end of year
- 
2,068 
Deferred taxation reserves were created in past periods due to accelerated capital allowances. These reserves have been reversed in this current period of some (£2,068)
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S O Construction Lincoln Ltd Notes to the Accounts for the year ended 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sheldon O'Rourke
Unsecured loan to the company
(1,952)
- 
- 
(1,952)
(1,952)
- 
- 
(1,952)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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