REGISTERED NUMBER: 05333874 (England and Wales)

Financial Statements

for the Year Ended 30 January 2025

for

SFS Construction and Maintenance

Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Cullen

Miss E L Cullen

M P Cullen

T A Horrocks

SECRETARY:

P M Cullen

REGISTERED OFFICE:

392 Cromwell Road

Grimsby

N E Lincolnshire

DN31 2BN

REGISTERED NUMBER:

05333874 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 32/33 Normanby Gateway,

Lysaghts Way,

Scunthorpe

North Lincolnshire

DN15 9YG

Fixed assets

Tangible assets

4

115,064

122,884

Current assets

Stocks

135,912

50,882

Debtors

5

471,174

248,038

Cash at bank and in hand

2,004

8,152

609,090

307,072

Creditors

Amounts falling due within one year

6

(668,431

)

(386,819

)

Net current liabilities

(59,341

)

(79,747

)

Total assets less current liabilities

55,723

43,137

Creditors

Amounts falling due after more than one year

7

(3,334

)

(13,333

)

Net assets

52,389

29,804

Capital and reserves

Called up share capital

100

100

Retained earnings

9

52,289

29,704

Shareholders' funds

52,389

29,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

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

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 Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

P M Cullen - Director

1.	STATUTORY INFORMATION

SFS Construction and Maintenance Services 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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 31 January 2024

and 30 January 2025

522,615

538

65,500

588,653

DEPRECIATION

At 31 January 2024

465,458

311

-

465,769

Charge for year

7,763

57

-

7,820

At 30 January 2025

473,221

368

-

473,589

NET BOOK VALUE

At 30 January 2025

49,394

170

65,500

115,064

At 30 January 2024

57,157

227

65,500

122,884

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

208,089

200,886

Other debtors

-

4,955

Loan

258,870

37,892

Tax

3,184

-

VAT

-

1,731

Prepayments

1,031

2,574

471,174

248,038

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Hire purchase contracts

-

4,605

Trade creditors

322,091

290,741

Corporation tax

14,811

1,651

Social security and other tax

5,004

5,892

Pension fund

2,719

2,254

VAT

18,953

-

Other creditors

166,193

1,913

Credit card

2,527

3,034

Lloyds Commercial finance

122,537

61,675

Other payroll deductions

416

207

Directors' current accounts

-

767

Accrued expenses

3,180

4,080

668,431

386,819

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

3,334

13,333

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bounce Back Loan

10,000

10,000

Amounts falling due between one and two years:

Bounce back loan

3,334

13,333

9.

RESERVES

Retained

earnings

£

At 31 January 2024

29,704

Profit for the year

34,793

Dividends

(12,208

)

At 30 January 2025

52,289