REGISTERED NUMBER: 11918136 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

S & L CONSTRUCTION (TORBAY) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Prowse

Mr L D Singleton

REGISTERED OFFICE:

42 Dunstone Park Road

Paignton

Devon

TQ3 3NG

REGISTERED NUMBER:

11918136 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Santander

53 High Street

Exeter

Devon

EX4 3HE

FIXED ASSETS

Intangible assets

4

17,600

18,700

Tangible assets

5

7,345

9,204

24,945

27,904

CURRENT ASSETS

Stocks

6

3,000

3,000

Debtors

7

83,840

12,610

Cash at bank

29,720

49,847

116,560

65,457

CREDITORS

Amounts falling due within one year

8

92,788

48,328

NET CURRENT ASSETS

23,772

17,129

TOTAL ASSETS LESS CURRENT LIABILITIES

48,717

45,033

PROVISIONS FOR LIABILITIES

1,836

2,301

NET ASSETS

46,881

42,732

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

46,879

42,730

SHAREHOLDERS' FUNDS

46,881

42,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by:

Mr S J Prowse - Director

Mr L D Singleton - Director

1.	STATUTORY INFORMATION

S & L Construction (Torbay) Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

22,000

AMORTISATION

At 1 April 2025

3,300

Amortisation for year

1,100

At 31 March 2026

4,400

NET BOOK VALUE

At 31 March 2026

17,600

At 31 March 2025

18,700

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

13,650

14,286

767

28,703

Additions

469

-

-

469

At 31 March 2026

14,119

14,286

767

29,172

DEPRECIATION

At 1 April 2025

9,443

9,480

576

19,499

Charge for year

935

1,202

191

2,328

At 31 March 2026

10,378

10,682

767

21,827

NET BOOK VALUE

At 31 March 2026

3,741

3,604

-

7,345

At 31 March 2025

4,207

4,806

191

9,204

6.

STOCKS

2026

2025

£

£

Stocks

3,000

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

61,217

4,807

Directors' current accounts

19,983

6,432

Prepayments

2,640

1,371

83,840

12,610

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,086

-

Tax

21,529

19,907

Social security and other taxes

4,000

3,967

VAT

25,563

20,613

Other creditors

36,685

2,061

Accrued expenses

1,925

1,780

92,788

48,328

9.	OTHER FINANCIAL COMMITMENTS

At 31.03.2026, the company had total commitments under non-cancellable operating leases over the remaining life of the lease of £31,510, Total at 31.03.2025 of £44,135.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr S J Prowse

Balance outstanding at start of year

2,992

9,352

Amounts advanced

53,558

48,466

Amounts repaid

(46,559

)

(54,826

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,991

2,992

Mr L D Singleton

Balance outstanding at start of year

3,440

9,352

Amounts advanced

52,888

48,914

Amounts repaid

(46,336

)

(54,826

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,992

3,440

Loans are interest free, unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £67,220 (2025 - £84,200) were paid to the directors .