REGISTERED NUMBER: 04674692 (England and Wales)

SDS BUILDERS AND DECORATORS (HASTINGS)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

D C Hensher

SECRETARY:

D C Hensher

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

04674692 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,596

34,392

41,596

34,392

CURRENT ASSETS

Stocks

500

500

Debtors

6

79,675

100,948

Cash at bank

132,999

74,417

213,174

175,865

CREDITORS

Amounts falling due within one year

7

127,711

147,470

NET CURRENT ASSETS

85,463

28,395

TOTAL ASSETS LESS CURRENT LIABILITIES

127,059

62,787

CREDITORS

Amounts falling due after more than one year

8

(29,429

)

-

PROVISIONS FOR LIABILITIES

(10,399

)

(8,598

)

NET ASSETS

87,231

54,189

CAPITAL AND RESERVES

Called up share capital

10

100

200

Retained earnings

87,131

53,989

SHAREHOLDERS' FUNDS

87,231

54,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th November 2025 and were signed by:

D C Hensher - Director

1.	STATUTORY INFORMATION

SDS Builders and Decorators (Hastings) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment

-

33% on reducing balance

Fixtures, fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

60,000

AMORTISATION

At 1st April 2024

and 31st March 2025

60,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Computer

and

Motor

equipment

equipment

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

10,713

5,107

77,374

93,194

Additions

1,114

2,520

36,317

39,951

Disposals

-

-

(46,774

)

(46,774

)

At 31st March 2025

11,827

7,627

66,917

86,371

DEPRECIATION

At 1st April 2024

8,311

1,996

48,495

58,802

Charge for year

1,160

891

11,499

13,550

Eliminated on disposal

-

-

(27,577

)

(27,577

)

At 31st March 2025

9,471

2,887

32,417

44,775

NET BOOK VALUE

At 31st March 2025

2,356

4,740

34,500

41,596

At 31st March 2024

2,402

3,111

28,879

34,392

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

36,317

At 31st March 2025

36,317

DEPRECIATION

Charge for year

9,079

At 31st March 2025

9,079

NET BOOK VALUE

At 31st March 2025

27,238

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,860

36,208

Amounts recoverable on contract

31,069

19,871

Other debtors

33,746

44,869

79,675

100,948

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

6,553

-

Trade creditors

11,301

21,248

Taxation and social security

87,770

74,014

Other creditors

22,087

52,208

127,711

147,470

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

29,429

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

35,982

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

100

50

Ordinary B

£1

50

100

100

200

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

D C Hensher

Balance outstanding at start of year

42,002

20,793

Amounts advanced

96,803

79,704

Amounts repaid

(108,519

)

(58,495

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,286

42,002

At the year ending 31 March 2025, there is an outstanding balance of £30,286. Interest has been charged on the average of the balance at 2.25%.