S Reece Building Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10325500 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

S Reece Building Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Reece

Mrs K Reece

REGISTERED OFFICE:

794 High Street

Kingswinford

West Midlands

DY6 8BQ

REGISTERED NUMBER:

10325500 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

33,388

42,869

CURRENT ASSETS

Debtors

5

38,420

58,606

Cash at bank

12,934

7,136

51,354

65,742

CREDITORS

Amounts falling due within one year

6

77,078

83,498

NET CURRENT LIABILITIES

(25,724

)

(17,756

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,664

25,113

CREDITORS

Amounts falling due after more than one year

7

3,733

8,970

NET ASSETS

3,931

16,143

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

3,930

16,142

SHAREHOLDERS' FUNDS

3,931

16,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2025 and were signed on its behalf by:

S Reece - Director

1.	STATUTORY INFORMATION

S Reece Building Contractors 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

50,344

167

47,938

601

99,050

Additions

128

-

191

319

At 31 March 2025

50,472

167

47,938

792

99,369

DEPRECIATION

At 1 April 2024

27,851

73

27,999

258

56,181

Charge for year

5,655

23

3,988

134

9,800

At 31 March 2025

33,506

96

31,987

392

65,981

NET BOOK VALUE

At 31 March 2025

16,966

71

15,951

400

33,388

At 31 March 2024

22,493

94

19,939

343

42,869

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

38,420

58,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

5,431

Trade creditors

20,267

27,108

Social security and other taxes

4,258

7,516

VAT

10,973

6,856

Directors' current accounts

35,069

35,661

Accrued expenses

1,080

926

77,078

83,498

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

3,733

8,970

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2024

16,142

Deficit for the year

(11,712

)

Dividends

(500

)

At 31 March 2025

3,930

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S Reece.