Company Registration No. 05919679 (England and Wales)
S V Richards Building Contractors Limited
Unaudited accounts
for the year ended 31 August 2025
S V Richards Building Contractors Limited
Unaudited accounts
Contents
S V Richards Building Contractors Limited
Company Information
for the year ended 31 August 2025
Directors
Mr D Richards
Mr L D Richards
Mr J Richards
Company Number
05919679 (England and Wales)
Registered Office
City Tax Shop
3 High Street
Ibstock
Leicestershire
LE67 6LG
England
S V Richards Building Contractors Limited
Statement of financial position
as at 31 August 2025
Tangible assets
22,549
30,065
Inventories
556,725
649,501
Cash at bank and in hand
233,468
12,251
Creditors: amounts falling due within one year
(113,470)
(239,145)
Net current assets
1,480,413
1,400,884
Total assets less current liabilities
1,502,962
1,430,949
Creditors: amounts falling due after more than one year
(290,643)
-
Net assets
1,212,319
1,430,949
Called up share capital
204
204
Profit and loss account
1,212,115
1,430,745
Shareholders' funds
1,212,319
1,430,949
For the year ending 31 August 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 28 May 2026 and were signed on its behalf by
Mr D Richards
Director
Company Registration No. 05919679
S V Richards Building Contractors Limited
Notes to the Accounts
for the year ended 31 August 2025
S V Richards Building Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 05919679. The registered office is City Tax Shop, 3 High Street, Ibstock, Leicestershire, LE67 6LG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% per annum
Motor vehicles
25% per annum
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
S V Richards Building Contractors Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2024
16,502
308,512
325,014
At 31 August 2025
16,502
308,512
325,014
At 1 September 2024
16,065
278,884
294,949
Charge for the year
109
7,407
7,516
At 31 August 2025
16,174
286,291
302,465
At 31 August 2025
328
22,221
22,549
At 31 August 2024
437
29,628
30,065
Amounts falling due within one year
Trade debtors
134,963
240,929
Other debtors
668,727
737,348
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
34,020
-
Trade creditors
57,779
50,987
Taxes and social security
16,510
244,249
Other creditors
8,700
15,463
Loans from directors
(3,539)
(71,554)
7
Creditors: amounts falling due after more than one year
2025
2024
The loan is secured on 153 Leicester Road, Shepshed.
Allotted, called up and fully paid:
204 Ordinary shares of £1 each
204
204
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).