Registration number: 06734259

Sitech Contracting Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Sitech Contracting Ltd

(Registration number: 06734259)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	70,305	43,021
Current assets
Debtors	5	289,434	331,442
Cash at bank and in hand		345,407	231,827
		634,841	563,269
Creditors: Amounts falling due within one year	6	(494,244)	(416,535)
Net current assets		140,597	146,734
Total assets less current liabilities		210,902	189,755
Provisions for liabilities		(17,576)	(10,755)
Net assets		193,326	179,000
Capital and reserves
Called up share capital		100	100
Retained earnings		193,226	178,900
Shareholders' funds		193,326	179,000

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 29 September 2025
 

......................................... Mr S Goldrick Director

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Sitech Contracting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

The principal place of business is:
Unit 1 Hawksdrum House
Marshfield Bank Industrial Estate
Crewe
Cheshire
CW2 8UY

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

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.

Sitech Contracting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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
Fixtures, fittings and computer equipment	25% reducing balance
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

Sitech Contracting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Fixtures, fittings and computer equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	14,061	53,359	26,436	93,856
Additions	2,932	48,190	-	51,122
Disposals	-	(7,179)	-	(7,179)
At 31 December 2024	16,993	94,370	26,436	137,799
Depreciation
At 1 January 2024	7,369	18,320	25,146	50,835
Charge for the year	2,406	20,706	322	23,434
Eliminated on disposal	-	(6,775)	-	(6,775)
At 31 December 2024	9,775	32,251	25,468	67,494
Carrying amount
At 31 December 2024	7,218	62,119	968	70,305
At 31 December 2023	6,692	35,039	1,290	43,021

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		72,949	131,612
Amounts owed by related parties		5,264	3,800
Prepayments		9,260	7,334
Other debtors		201,961	188,696
		289,434	331,442

Sitech Contracting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		16,592	17,324
Taxation and social security		20,178	38,513
Amounts owed to group undertakings		434,947	345,066
Other creditors		22,527	15,632
		494,244	416,535