REGISTERED NUMBER: 07809230 (England and Wales)

Unaudited Financial Statements

for the Period 1 July 2024 to 31 March 2025

for

SAS CONSTRUCT-IT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P D Sims

R Smith

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

07809230 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

81,445

94,145

CURRENT ASSETS

Stocks

5

4,500

9,800

Debtors

6

156,925

13,954

Cash at bank

119,518

18,105

280,943

41,859

CREDITORS

Amounts falling due within one year

7

139,984

67,117

NET CURRENT ASSETS/(LIABILITIES)

140,959

(25,258

)

TOTAL ASSETS LESS CURRENT LIABILITIES

222,404

68,887

CREDITORS

Amounts falling due after more than one year

8

(9,167

)

(16,667

)

PROVISIONS FOR LIABILITIES

10

(20,361

)

(23,536

)

NET ASSETS

192,876

28,684

CAPITAL AND RESERVES

Called up share capital

16

8

Retained earnings

192,860

28,676

SHAREHOLDERS' FUNDS

192,876

28,684

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

The members have not required the company to obtain an audit of its financial statements for the period 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 27 April 2025 and were signed on its behalf by:

P D Sims - Director

R Smith - Director

1.	STATUTORY INFORMATION

SAS Construct-It 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 represents the sales value of building contract work carried out, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

33% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Taxation

Taxation for the period 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 period 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

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.

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 period was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

136,295

24,020

3,545

163,860

Additions

150

-

470

620

At 31 March 2025

136,445

24,020

4,015

164,480

DEPRECIATION

At 1 July 2024

49,495

18,390

1,830

69,715

Charge for period

11,190

1,405

725

13,320

At 31 March 2025

60,685

19,795

2,555

83,035

NET BOOK VALUE

At 31 March 2025

75,760

4,225

1,460

81,445

At 30 June 2024

86,800

5,630

1,715

94,145

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

Plant and

machinery

£

COST

At 1 July 2024

43,950

Transfer to ownership

(43,950

)

At 31 March 2025

-

DEPRECIATION

At 1 July 2024

11,291

Transfer to ownership

(11,291

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 30 June 2024

32,659

5.

STOCKS

2025

2024

£

£

Stocks

4,500

9,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

123,528

675

Other debtors

-

290

VAT

27,712

10,416

Prepayments

5,685

2,573

156,925

13,954

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Hire purchase contracts

-

2,231

Trade creditors

31,699

12,103

Tax

85,548

28,723

Social security and other taxes

-

(1,997

)

Other creditors

(407

)

-

Directors' loan accounts

11,144

14,457

Accrued expenses

2,000

1,600

139,984

67,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

9,167

16,667

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,167

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,667

Due to the adverse impact of Covid-19, the company gained a Bank Bounce Back Loan totalling £50,000.

Repayments are due over sixty consecutive months and commence thirteen months after the release of funds in February, 2021.

Total repayment (capital and interest) total £53,322

.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

20,361

23,536

Deferred

tax

£

Balance at 1 July 2024

23,536

Accelerated capital allowances

(3,175

)

Balance at 31 March 2025

20,361

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Smith.