| S1 CONSTRUCTION LTD |
| Registered number: |
SC482927 |
| Balance Sheet |
| as at 30 September 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
|
|
|
- |
|
|
- |
| Tangible assets |
3 |
|
|
6,707 |
|
|
7,452 |
| Investments |
|
|
|
- |
|
|
- |
|
|
|
|
6,707 |
|
|
7,452 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
- |
| Debtors |
4 |
|
150,090 |
|
|
130,578 |
| Investments held as current assets |
|
|
- |
|
|
- |
| Cash at bank and in hand |
|
|
154,128 |
|
|
248,652 |
|
|
|
304,218 |
|
|
379,230 |
|
| Creditors: amounts falling due within one year |
5 |
|
(36,758) |
|
|
(110,201) |
|
| Net current assets |
|
|
|
267,460 |
|
|
269,029 |
|
| Total assets less current liabilities |
|
|
|
274,167 |
|
|
276,481 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(47,500) |
|
|
(50,000) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
| Net assets |
|
|
|
226,667 |
|
|
226,481 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
- |
|
|
- |
| Revaluation reserve |
|
|
|
- |
|
|
- |
| Profit and loss account |
|
|
|
226,567 |
|
|
226,381 |
|
| Shareholders' funds |
|
|
|
226,667 |
|
|
226,481 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
|
| GURWINDER SINGH BAINS |
| Director |
| Approved by the board on 11 January 2022 |
|
| S1 CONSTRUCTION LTD |
| Notes to the Accounts |
| for the year ended 30 September 2021 |
|
|
| 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. |
|
|
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 10% reducing balance basis. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
10 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
Motor vehicles |
|
Total |
| £ |
£ |
|
Cost |
|
At 1 October 2020 |
21,600 |
|
21,600 |
|
Additions |
- |
|
- |
|
Surplus on revaluation |
- |
|
- |
|
Disposals |
- |
|
- |
|
At 30 September 2021 |
21,600 |
|
21,600 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2020 |
14,148 |
|
14,148 |
|
Charge for the year |
745 |
|
745 |
|
Surplus on revaluation |
- |
|
- |
|
On disposals |
- |
|
- |
|
At 30 September 2021 |
14,893 |
|
14,893 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2021 |
6,707 |
|
6,707 |
|
At 30 September 2020 |
7,452 |
|
7,452 |
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade debtors |
- |
|
- |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Deferred tax asset |
|
|
|
|
- |
|
- |
|
Other debtors |
150,090 |
|
130,578 |
|
|
|
|
|
|
150,090 |
|
130,578 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Non-equity preference shares |
- |
|
- |
|
Bank loans and overdrafts |
- |
|
- |
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
- |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Taxation and social security costs |
33,877 |
|
78,836 |
|
Other creditors |
2,881 |
|
31,365 |
|
|
|
|
|
|
36,758 |
|
110,201 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Non-equity preference shares |
- |
|
- |
|
Bank loans |
47,500 |
|
50,000 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
- |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Other creditors |
- |
|
- |
|
|
|
|
|
|
47,500 |
|
50,000 |
|
|
|
|
|
|
|
|
|
| 7 |
Off-balance sheet arrangements |
|
|
None. |
|
| 8 |
Other information |
|
|
S1 CONSTRUCTION LTD is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
5 BONNYHOLM AVENUE |
|
|
GLASGOW |
|
|
G53 5RL |
