REGISTERED NUMBER: 10268388 (England and Wales)

SR-2 CONSTRUCTION LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Reardon

REGISTERED OFFICE:

King Arthurs Court

Maidstone Road

Charing

Ashford

Kent

TN27 0JS

REGISTERED NUMBER:

10268388 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

2,340

1,812

CURRENT ASSETS

Stocks

50,000

-

Debtors

5

203,437

159,768

Cash at bank

86,000

16,000

339,437

175,768

CREDITORS

Amounts falling due within one year

6

(309,404

)

(139,141

)

NET CURRENT ASSETS

30,033

36,627

TOTAL ASSETS LESS CURRENT LIABILITIES

32,373

38,439

CREDITORS

Amounts falling due after more than one year

7

(25,429

)

(29,509

)

NET ASSETS

6,944

8,930

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

6,844

8,830

6,944

8,930

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2025 and were signed by:

Mr J Reardon - Director

1.	STATUTORY INFORMATION

SR-2 Construction 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2023

7,400

3,622

11,022

Additions

1,375

-

1,375

At 30 July 2024

8,775

3,622

12,397

DEPRECIATION

At 1 August 2023

5,794

3,416

9,210

Charge for period

745

102

847

At 30 July 2024

6,539

3,518

10,057

NET BOOK VALUE

At 30 July 2024

2,236

104

2,340

At 31 July 2023

1,606

206

1,812

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

35,025

19,358

Sundry debtors

136,990

136,990

Directors' current accounts

23,495

-

VAT

7,927

3,420

203,437

159,768

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

30,138

22,631

Other loans

208,815

42,661

Trade creditors

-

4,964

Corporation Tax

43,054

14,350

Social security and other taxes

27,397

14,507

Directors' current accounts

-

40,028

309,404

139,141

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

25,429

29,509

8.

RESERVES

Retained

earnings

£

At 1 August 2023

8,830

Profit for the period

88,014

Dividends

(90,000

)

At 30 July 2024

6,844