REGISTERED NUMBER: 13669254 (England and Wales)

SDB Construction (North East) Ltd

Unaudited Financial Statements for the Year Ended 31 October 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Bolsher

Mrs A E Bolsher

SECRETARY:

Mrs A E Bolsher

REGISTERED OFFICE:

20 Marwood Drive

Barnard Castle

Co Durham

DL12 8DE

REGISTERED NUMBER:

13669254 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

70,417

68,653

CURRENT ASSETS

Stocks

55,590

8,316

Debtors

5

56,796

8,616

Cash at bank

18,949

27,910

131,335

44,842

CREDITORS

Amounts falling due within one year

6

170,247

111,768

NET CURRENT LIABILITIES

(38,912

)

(66,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,505

1,727

CREDITORS

Amounts falling due after more than one year

7

(30,630

)

-

PROVISIONS FOR LIABILITIES

(13,077

)

(13,044

)

NET LIABILITIES

(12,202

)

(11,317

)

RESERVES

Retained earnings

(12,202

)

(11,317

)

(12,202

)

(11,317

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 27 October 2025 and were signed on its behalf by:

S Bolsher - Director

1.	STATUTORY INFORMATION

SDB Construction (North East) 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

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% 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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

30,981

53,626

5,451

90,058

Additions

6,763

10,390

-

17,153

At 31 October 2024

37,744

64,016

5,451

107,211

DEPRECIATION

At 1 November 2023

6,277

13,615

1,513

21,405

Charge for year

4,720

10,079

590

15,389

At 31 October 2024

10,997

23,694

2,103

36,794

NET BOOK VALUE

At 31 October 2024

26,747

40,322

3,348

70,417

At 31 October 2023

24,704

40,011

3,938

68,653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

30,023

-

Directors' current accounts

24,967

8,616

Prepayments

1,806

-

56,796

8,616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Hire purchase contracts

20,670

54,506

Trade creditors

63,056

27,368

Corporation tax

8,582

2,908

Barclaycard

17,027

12,055

PayPal Credit

636

-

Capital on Tap

15,718

-

Social security and other taxes

4,131

1,335

VAT

31,307

9,346

Loan from A Bolsher

-

4,250

Directors' current accounts

9,120

-

170,247

111,768

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Hire purchase contracts

30,630

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr S Bolsher's directors loan account was overdrawn by £8,615.97 at 31 October 2023, it increased to £24,966.33. Further S455 tax of £5,518.13 was subsequently payable.