STEVE EDWARDS BUILDING CONTRACTORS LTD


Director	EDWARDS, Steven Andrew


Registered Address	Calon Tir
	3 Waunaeron
	Crymych
	SA41 3RP


Registered Number	09566281 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		25,000		35,000
Tangible assets	4		329,790		104,627
			354,790		139,627
Current assets
Stocks		55,272		128,426
Debtors		101,560		71,895
Cash at bank and on hand		185,632		161,855
		342,464		362,176
Creditors amounts falling due within one year		(447,325)		(329,350)
Net current assets (liabilities)			(104,861)		32,826
Total assets less current liabilities			249,929		172,453
Creditors amounts falling due after one year			(69,317)		(52,000)
Net assets			180,612		120,453
Capital and reserves
Called up share capital			100		100
Profit and loss account			180,512		120,353
Shareholders' funds			180,612		120,453

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 22 December 2025, and are signed on its behalf by:

EDWARDS, Steven Andrew
Director
Registered Company No. 09566281

STEVE EDWARDS BUILDING CONTRACTORS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		9

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	65,000
	At 31 March 25	65,000
	Amortisation and impairment
	At 01 April 24	30,000
	Charge for year	10,000
	At 31 March 25	40,000
	Net book value
	At 31 March 25	25,000
	At 31 March 24	35,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	230,893
	Additions	258,214
	At 31 March 25	489,107
	Depreciation and impairment
	At 01 April 24	126,266
	Charge for year	33,051
	At 31 March 25	159,317
	Net book value
	At 31 March 25	329,790
	At 31 March 24	104,627


	Steve Edwards took our a personal mortgage to part fund the purchase of the of new industrial unit, money was loaned to the company via the directors loan account.

5.	Related party transactions
	Loan of £10,000 was made to Edwards & Sandbrook Properties Ltd, which Steven Edwards is a director of. Loan was made interest free and repayable on demand