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Company Registration No. 11320017 (England and Wales)
S & D Banks Ltd Unaudited accounts for the year ended 31 May 2025
S & D Banks Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
S & D Banks Ltd Company Information for the year ended 31 May 2025
Directors
D Banks S Banks David Banks Stephen Banks
Company Number
11320017 (England and Wales)
Registered Office
Curds Farm House Tye Common Road Billericay Essex CM12 9PZ United Kingdom
Accountants
Red Rose Accountancy Services Ltd Arran Yew Tree Road Grange-over-Sands Cumbria LA11 7AA
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Accountants' report to the board of directors on the preparation of the unaudited statutory statements of S & D Banks Ltd (The Company) for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 May 2025 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 31 May 2025.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Red Rose Accountancy Services Ltd Financial Accountants Arran Yew Tree Road Grange-over-Sands Cumbria LA11 7AA 11 January 2026
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S & D Banks Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
41,351
55,134
Current assets
Inventories
5,250
3,075
Debtors
6
71,408
32,442
Cash at bank and in hand
63,307
98,423
139,965
133,940
Creditors: amounts falling due within one year
7
(100,104)
(96,847)
Net current assets
39,861
37,093
Total assets less current liabilities
81,212
92,227
Provisions for liabilities
Deferred tax
(9,551)
(12,680)
Net assets
71,661
79,547
Capital and reserves
Called up share capital
8
200
200
Profit and loss account
71,461
79,347
Shareholders' funds
71,661
79,547
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2026 and were signed on its behalf by
D Banks Director Company Registration No. 11320017
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S & D Banks Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
S & D Banks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11320017. The registered office is Curds Farm House, Tye Common Road, Billericay, Essex, CM12 9PZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on the reducing balance basis
Motor vehicles
25% on the reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being amortised evenly over 5 years.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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S & D Banks Ltd Notes to the Accounts for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
30,000
At 31 May 2025
30,000
Amortisation
At 1 June 2024
30,000
At 31 May 2025
30,000
Net book value
At 31 May 2025
-
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
1,658
89,465
91,123
At 31 May 2025
1,658
89,465
91,123
Depreciation
At 1 June 2024
927
35,062
35,989
Charge for the year
183
13,600
13,783
At 31 May 2025
1,110
48,662
49,772
Net book value
At 31 May 2025
548
40,803
41,351
At 31 May 2024
731
54,403
55,134
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
71,408
32,442
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
11,510
4,252
Trade creditors
7,659
10,115
Taxes and social security
25,997
28,113
Other creditors
11,663
11,663
Loans from directors
41,879
41,382
Accruals
1,396
1,322
100,104
96,847
The directors loan accounts are interest free and repayable on demand.
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S & D Banks Ltd Notes to the Accounts for the year ended 31 May 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Average number of employees
During the year the average number of employees was 9 (2024: 9).
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