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Registration number: 10557389

SDS Civils & Plant Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

SDS Civils & Plant Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

SDS Civils & Plant Ltd

Company Information

Directors

Mr D Peay

Mrs C Peay

Registered office

Fieldings
Stoneheap Road
East Studdal
Dover
Kent
CT15 5BU

Accountants

Burgess Accountancy Services 46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

 

SDS Civils & Plant Ltd

(Registration number: 10557389)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

60,543

39,130

Current assets

 

Debtors

5

6,757

1,350

Cash at bank and in hand

 

44,774

18,109

 

51,531

19,459

Creditors: Amounts falling due within one year

6

(34,928)

(15,668)

Net current assets

 

16,603

3,791

Total assets less current liabilities

 

77,146

42,921

Creditors: Amounts falling due after more than one year

6

(47,970)

-

Net assets

 

29,176

42,921

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

29,174

42,919

Shareholders' funds

 

29,176

42,921

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mr D Peay
Director

 

SDS Civils & Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Fieldings
Stoneheap Road
East Studdal
Dover
Kent
CT15 5BU

These financial statements were authorised for issue by the Board on 27 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

SDS Civils & Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% of written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

SDS Civils & Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

SDS Civils & Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

79,003

79,003

Additions

36,550

36,550

At 31 January 2025

115,553

115,553

Depreciation

At 1 February 2024

39,873

39,873

Charge for the year

15,137

15,137

At 31 January 2025

55,010

55,010

Carrying amount

At 31 January 2025

60,543

60,543

At 31 January 2024

39,130

39,130

5

Debtors

Current

2025
£

2024
£

Other debtors

6,757

1,350

 

6,757

1,350

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

14,038

-

Taxation and social security

 

17,246

11,577

Accruals and deferred income

 

3,300

2,300

Other creditors

 

344

1,791

 

34,928

15,668

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

47,970

-

 

SDS Civils & Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

Ordinary A of £1 each

1

1

1

1

2

2

2

2

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

47,970

-

Current loans and borrowings

2025
£

2024
£

Bank borrowings

14,038

-

9

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £46,000.00 (2024 - £30,000.00) per each Ordinary

46,000

30,000

Interim dividend of £38,000.00 (2024 - £20,000.00) per each Ordinary A

38,000

20,000

84,000

50,000

10

Related party transactions

 

SDS Civils & Plant Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

25,200

25,200