SanRis Builders Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

SanRis Builders Ltd Registered number 07932958 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Burton Fields, Herne Bay, Kent, CT6 6LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	8% to 100% varying basis
Motor Vehicles	20% to 100% varying basis
Fixtures & Fittings	25% straight line

Assets considered to fully lose their value in the year of acquisition are fully depreciated when acquired.

2.5. Leasing and Hire Purchase Contracts

Obligations under hire purchase contracts and finance leases are included in creditors net of finance charges allocated to future periods. Finance charges are allocated to periods over the term of the lease.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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SanRis Builders Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	5	5
Site Manager	1	3

	6	8

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 March 2024	88,662	228,857	10,874	328,393
Additions	899	71,415	77	72,391
Disposals	-	(42,700 )	-	(42,700 )

As at 28 February 2025	89,561	257,572	10,951	358,084

Depreciation
As at 1 March 2024	56,391	133,612	9,492	199,495
Provided during the period	12,352	54,709	(213 )	66,848
Disposals	-	(39,024 )	-	(39,024 )

As at 28 February 2025	68,743	149,297	9,279	227,319

Net Book Value
As at 28 February 2025	20,818	108,275	1,672	130,765

As at 1 March 2024	32,271	95,245	1,382	128,898

5. Stocks

	2025	2024
	£	£
Materials	50,000	50,000

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SanRis Builders Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	54,636	51,509
Prepayments and accrued income	2,942	4,749
Other debtor	2,031	5,431
Corporation tax recoverable assets	-	6,548
Directors' loan accounts	12,592	-

	72,201	68,237
Due after more than one year
Amounts recoverable on contracts	6,000	6,000
Other debtors	306,163	303,163
Amounts owed by joint-ventures	233,549	233,549

	545,712	542,712

	617,913	610,949

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	55,034	25,387
Trade creditors	47,170	78,008
Bank loans and overdrafts	93,340	95,682
Corporation tax	37,651	22,320
Other taxes and social security	11,178	17,574
VAT	22,620	43,821
Other creditors	11,539	2,219
Accruals and deferred income	4,527	10,034
Directors' loan accounts	-	67,204

	283,059	362,249

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	30,274	38,650
Bank loans	4,970	73,765

	35,244	112,415

9. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2025	2024
	£	£
Other timing differences	16,189	24,495

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SanRis Builders Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
3 Ordinary Shares of £ 1.000 each	3	3

11. Pension Commitments

The company operates a defined contribution pension scheme for employees and directors. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2025 - £83 (2024 - £637) were due to the fund. They are included in Other Creditors.

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2025
	£	£	£	£	£
Mr Christopher Dew	12,592	12,592	-	-	12,592

The above loan is unsecured, interest is charged at 3% on an average balance each year and the loan is repayable on demand. During the financail year, interest charged on borrowing by Directors amounted to 2025 - £189 (2024 - £nil)

13. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	114,000	114,000

14. Related Party Transactions

During the financial year ended 28 February 2025, the Company maintained loans with companies under common control and management. The maximum amount outstanding at any point during the year was £233,549 (2024 – £233,549). The balance outstanding at the year end was £233,549 (2024 – £233,549). These loans are interest free, with no formal repayment terms agreed. The directors consider that the amounts will be repayable more than one year after the balance sheet date.

An existing intercompany balance is held with Acorns Developments Ltd, a company registered in England and Wales (company number 12282248). This loan is interest free and is expected to be repaid within five years. The balance outstanding at 28 February 2025 was £306,163 (2024 – £303,163). During the year, Acorns Developments Ltd made an interest payment of £2,663 to the Company in respect of this loan.

15. Controlling Party Not Known

In the opinion of the directors, there is no single ultimate controlling party. Control is exercised collectively by the directors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		130,765		128,898

			130,765		128,898
CURRENT ASSETS
Stocks	5	50,000		50,000
Debtors	6	617,913		610,949
Cash at bank and in hand		72,541		233,677

		740,454		894,626
Creditors: Amounts Falling Due Within One Year	7	(283,059 )		(362,249 )

NET CURRENT ASSETS (LIABILITIES)			457,395		532,377

TOTAL ASSETS LESS CURRENT LIABILITIES			588,160		661,275

Creditors: Amounts Falling Due After More Than One Year	8		(35,244 )		(112,415 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(16,189 )		(24,495 )

NET ASSETS			536,727		524,365

CAPITAL AND RESERVES
Called up share capital	10		3		3
Profit and Loss Account			536,724		524,362

SHAREHOLDERS' FUNDS			536,727		524,365