Stildale Builders Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05251561 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 MARCH 2018 TO 28 MARCH 2019

FOR

STILDALE BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P K Inger

SECRETARY:

S Inger

REGISTERED OFFICE:

12 Croft Court Barleycroft Lane

Dinnington

Sheffield

S25 2LE

REGISTERED NUMBER:

05251561 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

2,027

2,703

CURRENT ASSETS

Debtors

5

1,020,099

942,237

Cash at bank

9,285

21,803

1,029,384

964,040

CREDITORS

Amounts falling due within one year

6

972,341

913,047

NET CURRENT ASSETS

57,043

50,993

TOTAL ASSETS LESS CURRENT LIABILITIES

59,070

53,696

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

59,068

53,694

SHAREHOLDERS' FUNDS

59,070

53,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 19 March 2020 and were signed by:

P K Inger - Director

1.	STATUTORY INFORMATION

Stildale Builders Limited 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.

The financial statements are presented in sterling which is the functional currency of the

company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that

have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation

uncertainty at the reporting date that have a significant risk of causing material adjustment to

the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated

depreciation and accumulated impairment losses. Cost includes costs directly attributable to

making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost,

less estimated residual value, of each asset on a systematic basis over its expected useful life

as follows:

Motor vehicles

- 25% reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 30 March 2018

and 28 March 2019

15,190

DEPRECIATION

At 30 March 2018

12,487

Charge for period

676

At 28 March 2019

13,163

NET BOOK VALUE

At 28 March 2019

2,027

At 29 March 2018

2,703

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.3.19

29.3.18

£

£

Other debtors

1,020,099

942,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.3.19

29.3.18

£

£

Social security and other taxes

-

3

VAT

9,688

10,088

Other creditors

718,946

690,288

Directors' current accounts

241,207

210,207

Accrued expenses

2,500

2,461

972,341

913,047

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.3.19

29.3.18

value:

£

£

2

Ordinary

£1

2

2