IRIS Accounts Production v25.1.4.42 11918136 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119181362024-03-31119181362025-03-31119181362024-04-012025-03-31119181362023-03-31119181362023-04-012024-03-31119181362024-03-3111918136ns15:EnglandWales2024-04-012025-03-3111918136ns14:PoundSterling2024-04-012025-03-3111918136ns10:Director12024-04-012025-03-3111918136ns10:Director22024-04-012025-03-3111918136ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3111918136ns10:SmallEntities2024-04-012025-03-3111918136ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3111918136ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3111918136ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3111918136ns10:FullAccounts2024-04-012025-03-311191813612024-04-012025-03-3111918136ns10:RegisteredOffice2024-04-012025-03-3111918136ns5:CurrentFinancialInstruments2025-03-3111918136ns5:CurrentFinancialInstruments2024-03-3111918136ns5:ShareCapital2025-03-3111918136ns5:ShareCapital2024-03-3111918136ns5:RetainedEarningsAccumulatedLosses2025-03-3111918136ns5:RetainedEarningsAccumulatedLosses2024-03-3111918136ns5:NetGoodwill2024-04-012025-03-3111918136ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3111918136ns5:PlantMachinery2024-04-012025-03-3111918136ns5:MotorVehicles2024-04-012025-03-3111918136ns5:ComputerEquipment2024-04-012025-03-3111918136ns5:NetGoodwill2024-03-3111918136ns5:NetGoodwill2025-03-3111918136ns5:NetGoodwill2024-03-3111918136ns5:PlantMachinery2024-03-3111918136ns5:MotorVehicles2024-03-3111918136ns5:ComputerEquipment2024-03-3111918136ns5:PlantMachinery2025-03-3111918136ns5:MotorVehicles2025-03-3111918136ns5:ComputerEquipment2025-03-3111918136ns5:PlantMachinery2024-03-3111918136ns5:MotorVehicles2024-03-3111918136ns5:ComputerEquipment2024-03-3111918136ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3111918136ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31119181361ns10:Director12024-03-31119181361ns10:Director12023-03-31119181361ns10:Director12024-04-012025-03-31119181361ns10:Director12023-04-012024-03-31119181361ns10:Director12025-03-31119181361ns10:Director12024-03-3111918136ns10:Director222024-03-3111918136ns10:Director222023-03-3111918136ns10:Director222024-04-012025-03-3111918136ns10:Director222023-04-012024-03-3111918136ns10:Director222025-03-3111918136ns10:Director222024-03-31
REGISTERED NUMBER: 11918136 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

S & L CONSTRUCTION (TORBAY) LTD

S & L CONSTRUCTION (TORBAY) LTD (REGISTERED NUMBER: 11918136)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & L CONSTRUCTION (TORBAY) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr S J Prowse
Mr L D Singleton



REGISTERED OFFICE: 42 Dunstone Park Road
Paignton
Devon
TQ3 3NG



REGISTERED NUMBER: 11918136 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Santander
53 High Street
Exeter
Devon
EX4 3HE

S & L CONSTRUCTION (TORBAY) LTD (REGISTERED NUMBER: 11918136)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,700 19,800
Tangible assets 5 9,204 12,051
27,904 31,851

CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 12,610 20,095
Cash at bank 49,847 39,259
65,457 62,354
CREDITORS
Amounts falling due within one year 8 48,328 30,313
NET CURRENT ASSETS 17,129 32,041
TOTAL ASSETS LESS CURRENT LIABILITIES 45,033 63,892

PROVISIONS FOR LIABILITIES 2,301 3,194
NET ASSETS 42,732 60,698

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 42,730 60,696
SHAREHOLDERS' FUNDS 42,732 60,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 & L CONSTRUCTION (TORBAY) LTD (REGISTERED NUMBER: 11918136)

BALANCE SHEET - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




Mr S J Prowse - Director



Mr L D Singleton - Director


S & L CONSTRUCTION (TORBAY) LTD (REGISTERED NUMBER: 11918136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

S & L Construction (Torbay) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

S & L CONSTRUCTION (TORBAY) LTD (REGISTERED NUMBER: 11918136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 22,000
AMORTISATION
At 1 April 2024 2,200
Amortisation for year 1,100
At 31 March 2025 3,300
NET BOOK VALUE
At 31 March 2025 18,700
At 31 March 2024 19,800

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 13,650 14,286 767 28,703
DEPRECIATION
At 1 April 2024 8,391 7,877 384 16,652
Charge for year 1,052 1,603 192 2,847
At 31 March 2025 9,443 9,480 576 19,499
NET BOOK VALUE
At 31 March 2025 4,207 4,806 191 9,204
At 31 March 2024 5,259 6,409 383 12,051

6. STOCKS
2025 2024
£    £   
Stocks 3,000 3,000

S & L CONSTRUCTION (TORBAY) LTD (REGISTERED NUMBER: 11918136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,807 -
Directors' current accounts 6,432 18,704
Prepayments 1,371 1,391
12,610 20,095

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 1,172
Tax 19,907 10,463
Social security and other taxes 3,967 2,105
VAT 20,613 14,858
Other creditors 2,061 -
Accrued expenses 1,780 1,715
48,328 30,313

9. OTHER FINANCIAL COMMITMENTS

At 31.03.2025, the company had total commitments under non-cancellable operating leases over the remaining life of the lease of £44,135, Total at 31.03.2024 of £56,761.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr S J Prowse
Balance outstanding at start of year 9,352 (58 )
Amounts advanced 48,466 38,042
Amounts repaid (54,826 ) (28,632 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,992 9,352

Mr L D Singleton
Balance outstanding at start of year 9,352 (1,853 )
Amounts advanced 48,914 43,145
Amounts repaid (54,826 ) (31,940 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,440 9,352

Loans are interest free, unsecured and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £84,200 (2024 - £28,000) were paid to the directors .