Severn Oak Construction Ltd - Filleted accounts

Registered number

13547862

Severn Oak Construction Ltd

Filleted Accounts

31 August 2026

Severn Oak Construction Ltd
Registered number:		13547862
Balance Sheet
as at 31 August 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		11,233			5,224

Current assets
Stocks		56,598			43,824
Debtors	4	36,593			23,346
Cash at bank and in hand		10,383			40,988
		103,574			108,158

Creditors: amounts falling due within one year	5	(74,922)			(71,585)

Net current assets			28,652			36,573

Net assets			39,885			41,797

Capital and reserves
Called up share capital			1			1
Profit and loss account			39,884			41,796

Shareholder's funds			39,885			41,797

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




William Lloyd
Director
Approved by the board on 25 September 2026

Severn Oak Construction Ltd
Notes to the Accounts
for the year ended 31 August 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. Depreciation is not provided in the year of acquisition.

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2025	7,200		-		7,200
	Additions	2,003		5,445		7,448
	At 31 August 2026	9,203		5,445		14,648

	Depreciation
	At 1 September 2025	1,976		-		1,976
	Charge for the year	1,439		-		1,439
	At 31 August 2026	3,415		-		3,415

	Net book value
	At 31 August 2026	5,788		5,445		11,233
	At 31 August 2025	5,224		-		5,224


4	Debtors			2026		2025
£					£

	Trade debtors and prepayments			7,594		(7,197)
	Other debtors			28,999		30,543
				36,593		23,346


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors and accruals			43,010		28,876
	Taxation and social security costs			31,828		42,627
	Other creditors			84		82
				74,922		71,585


6	Other information

	Severn Oak Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Poplars
	Lightmoor
	Telford
	TF4 3QN