IRIS Accounts Production v25.1.0.734 04957195 director 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049571952023-11-30049571952024-11-30049571952023-12-012024-11-30049571952022-11-30049571952022-12-012023-11-30049571952023-11-3004957195ns15:EnglandWales2023-12-012024-11-3004957195ns14:PoundSterling2023-12-012024-11-3004957195ns10:Director12023-12-012024-11-3004957195ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3004957195ns10:SmallEntities2023-12-012024-11-3004957195ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3004957195ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3004957195ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3004957195ns10:FullAccounts2023-12-012024-11-300495719512023-12-012024-11-3004957195ns10:CompanySecretary12023-12-012024-11-3004957195ns10:RegisteredOffice2023-12-012024-11-3004957195ns5:CurrentFinancialInstruments2024-11-3004957195ns5:CurrentFinancialInstruments2023-11-3004957195ns5:Non-currentFinancialInstruments2024-11-3004957195ns5:Non-currentFinancialInstruments2023-11-3004957195ns5:ShareCapital2024-11-3004957195ns5:ShareCapital2023-11-3004957195ns5:RetainedEarningsAccumulatedLosses2024-11-3004957195ns5:RetainedEarningsAccumulatedLosses2023-11-3004957195ns5:NetGoodwill2023-12-012024-11-3004957195ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3004957195ns5:PlantMachinery2023-12-012024-11-3004957195ns5:NetGoodwill2023-11-3004957195ns5:NetGoodwill2024-11-3004957195ns5:NetGoodwill2023-11-3004957195ns5:PlantMachinery2023-11-3004957195ns5:PlantMachinery2024-11-3004957195ns5:PlantMachinery2023-11-3004957195ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3004957195ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3004957195ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-11-3004957195ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30
REGISTERED NUMBER: 04957195 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

SBC Builders Ltd

SBC Builders Ltd (Registered number: 04957195)






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


SBC Builders Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: S Caile





SECRETARY: Mrs B Caile





REGISTERED OFFICE: Suite 8
Westfield House
Prospect Road
Crook
Co. Durham
DL15 8JL





REGISTERED NUMBER: 04957195 (England and Wales)





ACCOUNTANTS: CM Sewell & Company
53 Welby Drive
Ushaw Moor
Durham
Co. Durham
DH7 7GA

SBC Builders Ltd (Registered number: 04957195)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 144,625 85,749
144,625 85,749

CURRENT ASSETS
Stocks 42,107 94,071
Debtors 6 298,051 173,357
Cash at bank 354,490 135,113
694,648 402,541
CREDITORS
Amounts falling due within one year 7 392,996 185,799
NET CURRENT ASSETS 301,652 216,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,277

302,491

CREDITORS
Amounts falling due after more than one
year

8

(16,756

)

-

PROVISIONS FOR LIABILITIES (32,136 ) (16,292 )
NET ASSETS 397,385 286,199

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 397,285 286,099
SHAREHOLDERS' FUNDS 397,385 286,199

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.

SBC Builders Ltd (Registered number: 04957195)

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 28 March 2025 and were signed by:





S Caile - Director


SBC Builders Ltd (Registered number: 04957195)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

SBC Builders 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 the business in 2003, is now fully written down.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

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.

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.

SBC Builders Ltd (Registered number: 04957195)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 32 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 20,000
AMORTISATION
At 1 December 2023
and 30 November 2024 20,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

SBC Builders Ltd (Registered number: 04957195)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 207,026
Additions 101,055
Disposals (40,005 )
At 30 November 2024 268,076
DEPRECIATION
At 1 December 2023 121,277
Charge for year 33,420
Eliminated on disposal (31,246 )
At 30 November 2024 123,451
NET BOOK VALUE
At 30 November 2024 144,625
At 30 November 2023 85,749

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 44,393
At 30 November 2024 44,393
DEPRECIATION
Charge for year 3,699
At 30 November 2024 3,699
NET BOOK VALUE
At 30 November 2024 40,694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 142,231 52,528
Amounts recoverable on contract 155,820 120,829
298,051 173,357

SBC Builders Ltd (Registered number: 04957195)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 4,560 -
Trade creditors 172,463 85,855
Taxation and social security 168,758 93,289
Other creditors 47,215 6,655
392,996 185,799

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 16,756 -