SS Contractors Limited - Accounts to registrar (filleted) - small 18.2

SS Contractors Limited - Accounts to registrar (filleted) - small 18.2

SS CONTRACTORS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 05143697 Board of Directors Board of Directors 1.11.18 31.10.19 31.10.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure051436972018-10-31051436972019-10-31051436972018-11-012019-10-31051436972017-06-30051436972017-07-012018-10-31051436972018-10-3105143697ns15:EnglandWales2018-11-012019-10-3105143697ns14:PoundSterling2018-11-012019-10-3105143697ns10:Director12018-11-012019-10-3105143697ns10:Director22018-11-012019-10-3105143697ns10:PrivateLimitedCompanyLtd2018-11-012019-10-3105143697ns10:SmallEntities2018-11-012019-10-3105143697ns10:AuditExempt-NoAccountantsReport2018-11-012019-10-3105143697ns10:SmallCompaniesRegimeForDirectorsReport2018-11-012019-10-3105143697ns10:SmallCompaniesRegimeForAccounts2018-11-012019-10-3105143697ns10:FullAccounts2018-11-012019-10-3105143697ns10:CompanySecretary12018-11-012019-10-3105143697ns10:RegisteredOffice2018-11-012019-10-3105143697ns5:CurrentFinancialInstruments2019-10-3105143697ns5:CurrentFinancialInstruments2018-10-3105143697ns5:ShareCapital2019-10-3105143697ns5:ShareCapital2018-10-3105143697ns5:RetainedEarningsAccumulatedLosses2019-10-3105143697ns5:RetainedEarningsAccumulatedLosses2018-10-3105143697ns5:DisposalsRepaymentsInvestments2019-10-3105143697ns5:CostValuation2019-10-3105143697ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-10-3105143697ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-10-31
REGISTERED NUMBER: 05143697 (England and Wales)















Unaudited Financial Statements

For The Year Ended 31 October 2019

for

SS Contractors Limited
SS Contractors Limited (Registered number: 05143697)






Contents of the Financial Statements
For The Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SS Contractors Limited

Company Information
For The Year Ended 31 October 2019







DIRECTORS: Mr S Saleh
Mrs P Ahmad





SECRETARY: Mrs P Ahmad





REGISTERED OFFICE: 51 Grenoble Gardens
London
N13 6JE





REGISTERED NUMBER: 05143697 (England and Wales)





ACCOUNTANTS: RNS Business Solutions Limited
Chartered Accountants
276 Preston Road
Harrow
Middlesex
HA3 0QA
Page 1
SS Contractors Limited (Registered number: 05143697)

Balance Sheet
31 October 2019

31/10/19 31/10/18
Notes £    £   
FIXED ASSETS
Investments 4 - 50

CURRENT ASSETS
Stocks 2,950 2,830
Debtors 5 271,876 324,795
Cash at bank 52,873 3,461
327,699 331,086
CREDITORS
Amounts falling due within one year 6 (71,790 ) (78,717 )
NET CURRENT ASSETS 255,909 252,369
TOTAL ASSETS LESS CURRENT
LIABILITIES
255,909
252,419

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 255,809 252,319
SHAREHOLDERS' FUNDS 255,909 252,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 notes form part of these financial statements

Page 2 continued...
SS Contractors Limited (Registered number: 05143697)

Balance Sheet - continued
31 October 2019


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2020 and were
signed on its behalf by:




Mr S Saleh - Director



Mrs P Ahmad - Director


The notes form part of these financial statements

Page 3
SS Contractors Limited (Registered number: 05143697)

Notes to the Financial Statements
For The Year Ended 31 October 2019

1. STATUTORY INFORMATION

SS Contractors 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to
related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
SS Contractors Limited (Registered number: 05143697)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2019

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost
using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and
other short-term highly liquid investments that mature in no more than three months from the date of acquisition
and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related
parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,
where the debt instrument is measured at the present value of the future payments discounted at a market rate of
interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any
impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 November 2018 50
Disposals (50 )
At 31 October 2019 -
NET BOOK VALUE
At 31 October 2019 -
At 31 October 2018 50

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/19 31/10/18
£    £   
Trade debtors 4,626 -
Amounts owed by associates - 112,768
Other debtors 266,768 205,552
Tax - 5,454
Prepayments 482 1,021
271,876 324,795

Page 5 continued...
SS Contractors Limited (Registered number: 05143697)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/19 31/10/18
£    £   
Trade creditors 9,906 841
Tax 964 -
Social security and other taxes 571 -
VAT 15,062 1,059
Other creditors 1,619 1,744
Directors' loan accounts 39,940 75,067
Accrued expenses 3,728 6
71,790 78,717

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to directors and shareholders of £39,940 (2018: £75,067). The
outstanding loan due is interest free and payable on demand.

During the year the company paid dividends of £35,000 (2018: £35,000) to directors.

Page 6