Company Registration No. 03750928 (England and Wales)
S.J. Glynn Contracts Limited
Unaudited accounts
for the year ended 31 March 2025
S.J. Glynn Contracts Limited
Statement of financial position
as at 31 March 2025
Tangible assets
200,169
192,229
Cash at bank and in hand
11,090
20,056
Creditors: amounts falling due within one year
(125,278)
(163,574)
Net current liabilities
(27,000)
(24,184)
Total assets less current liabilities
173,169
168,045
Creditors: amounts falling due after more than one year
(34,682)
(40,566)
Provisions for liabilities
Deferred tax
(31,572)
(28,645)
Called up share capital
2
2
Profit and loss account
106,913
98,832
Shareholders' funds
106,915
98,834
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
S J Glynn
Director
Company Registration No. 03750928
S.J. Glynn Contracts Limited
Notes to the Accounts
for the year ended 31 March 2025
S.J. Glynn Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 03750928. The registered office is Oakdene, Windermere Road, Benfleet, Essex, SS7 3JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
S.J. Glynn Contracts Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
174,096
344,618
6,338
15,070
540,122
Additions
-
58,440
-
-
58,440
At 31 March 2025
174,096
403,058
6,338
15,070
598,562
At 1 April 2024
80,706
247,906
5,433
13,848
347,893
Charge for the year
23,348
26,613
226
313
50,500
At 31 March 2025
104,054
274,519
5,659
14,161
398,393
At 31 March 2025
70,042
128,539
679
909
200,169
At 31 March 2024
93,390
96,712
905
1,222
192,229
Amounts falling due within one year
Trade debtors
64,395
96,973
Accrued income and prepayments
3,197
5,308
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,989
9,853
Obligations under finance leases and hire purchase contracts
27,875
22,279
Trade creditors
11,916
21,133
Taxes and social security
22,046
22,847
Other creditors
38,967
48,607
Loans from directors
189
24,559
S.J. Glynn Contracts Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
33,008
28,755
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).