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REGISTERED NUMBER: 09324495 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SUB DEMOLITION & GROUNDWORKS LTD

SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUB DEMOLITION & GROUNDWORKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: J Sawyer





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN271DW





REGISTERED NUMBER: 09324495 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 134,688 130,363

CURRENT ASSETS
Stocks 78,966 -
Debtors 5 15,856 98,963
Cash at bank and in hand 69,982 62,166
164,804 161,129
CREDITORS
Amounts falling due within one year 6 (97,936 ) (60,399 )
NET CURRENT ASSETS 66,868 100,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,556

231,093

CREDITORS
Amounts falling due after more than one
year

7

(20,152

)

(50,889

)

PROVISIONS FOR LIABILITIES (26,869 ) -
NET ASSETS 154,535 180,204

CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital redemption reserve 1 1
Retained earnings 154,533 180,202
SHAREHOLDERS' FUNDS 154,535 180,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 21 August 2025 and were signed by:





J Sawyer - Director


SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Sub Demolition & Groundworks 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 101,694 14,350 97,394 12,770 226,208
Additions 6,312 6,158 94,351 4,124 110,945
Disposals - - (88,502 ) - (88,502 )
At 30 November 2024 108,006 20,508 103,243 16,894 248,651
DEPRECIATION
At 1 December 2023 52,266 4,525 32,750 6,304 95,845
Charge for year 10,501 1,625 16,272 3,556 31,954
Eliminated on disposal - - (13,836 ) - (13,836 )
At 30 November 2024 62,767 6,150 35,186 9,860 113,963
NET BOOK VALUE
At 30 November 2024 45,239 14,358 68,057 7,034 134,688
At 30 November 2023 49,428 9,825 64,644 6,466 130,363

SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 30,400 - 30,400
Additions - 21,000 21,000
At 30 November 2024 30,400 21,000 51,400
DEPRECIATION
At 1 December 2023 7,499 - 7,499
Charge for year 4,580 2,625 7,205
At 30 November 2024 12,079 2,625 14,704
NET BOOK VALUE
At 30 November 2024 18,321 18,375 36,696
At 30 November 2023 22,901 - 22,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,055 94,390
Other debtors 6,801 4,573
15,856 98,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,999 10,000
Hire purchase contracts 8,681 12,670
Trade creditors 11,760 1,237
Taxation and social security 29,205 23,987
Other creditors 38,291 12,505
97,936 60,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,999 15,000
Hire purchase contracts 15,153 35,889
20,152 50,889

SUB DEMOLITION & GROUNDWORKS LTD (REGISTERED NUMBER: 09324495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 Shares 1 1 1