Site-serv (Midlands) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04419203 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2022

FOR

SITE-SERV (MIDLANDS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N E F England

REGISTERED OFFICE:

Triple Crown House

Off Llantwit Major Road

Llandow

Vale of Glamorgan

CF71 7PB

REGISTERED NUMBER:

04419203 (England and Wales)

ACCOUNTANTS:

Aspen Waite Corporate Solutions

Aspen Marketing Limited

Chartered Certified Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Tangible assets

4

2,491,953

2,491,953

CURRENT ASSETS

Debtors

5

798,507

733,700

CREDITORS

Amounts falling due within one year

6

(3,008,383

)

(2,820,688

)

NET CURRENT LIABILITIES

(2,209,876

)

(2,086,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

282,077

404,965

CREDITORS

Amounts falling due after more than one year

7

(71,752

)

(74,901

)

NET ASSETS

210,325

330,064

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

210,324

330,063

210,325

330,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 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 and authorised for issue by the director and authorised for issue on 31st October 2022 and were signed by:

Mr N E F England - Director

1.	STATUTORY INFORMATION

Site-serv (Midlands) 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

Taxation for the year 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 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.

LAND REMEDIATION

Land remediation costs are disclosed in the accounts in the year that they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4.	TANGIBLE FIXED ASSETS

Depreciation is provided in order to write off an asset over its estimated useful life. On this basis the Land has not been depreciated.

The Company continued to improve its land by virtue of a land remediation scheme. During the year the Company transferred some of its land into stock to generate some trading revenue.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/22

31/1/21

£

£

Trade debtors

-

336

Amounts owed by group undertakings

396,857

193,779

Other debtors

38

38

Tax

-

162,327

VAT

401,611

377,220

Prepayments

1

-

798,507

733,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/22

31/1/21

£

£

Bank loans and overdrafts

135,258

-

Trade creditors

2,411,673

2,359,236

Amounts owed to group undertakings

445,452

445,452

Accruals and deferred income

16,000

16,000

3,008,383

2,820,688

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/22

31/1/21

£

£

Directors loan account

24,901

24,901

Bounce Back loan

46,851

50,000

71,752

74,901

The director, N E F England, has no intentions to demand repayment of his loan account in the foreseeable future.