Shobnall Building Contractors Limited - Accounts to registrar (filleted) - small 18.2

Shobnall Building Contractors Limited - Accounts to registrar (filleted) - small 18.2

SHOBNALL BUILDING CONTRACTORS LIMITED - Company Information

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REGISTERED NUMBER: 04008684 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

SHOBNALL BUILDING CONTRACTORS LIMITED
SHOBNALL BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04008684)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOBNALL BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTOR: Mr R M Foster





REGISTERED OFFICE: 15 Lordswell Road
Shobnall
Burton upon Trent
Staffordshire
DE14 2TA





REGISTERED NUMBER: 04008684 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horse fair
Rugeley
Staffordshire
WS15 2EL
Page 1
SHOBNALL BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04008684)

BALANCE SHEET
31 MARCH 2021

31.3.20 31.3.21
£    £    Notes £    £   
FIXED ASSETS
8,230 Tangible assets 4 5,953

CURRENT ASSETS
447,739 Stocks 5 619,545
75,577 Debtors 6 65,774
199,973 Cash at bank 40,667
723,289 725,986
CREDITORS
72,911 Amounts falling due within one year 7 72,626
650,378 NET CURRENT ASSETS 653,360
658,608 TOTAL ASSETS LESS CURRENT
LIABILITIES
659,313

CAPITAL AND RESERVES
100 Called up share capital 100
658,508 Retained earnings 659,213
658,608 SHAREHOLDERS' FUNDS 659,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 notes form part of these financial statements

Page 2 continued...
SHOBNALL BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04008684)

BALANCE SHEET - continued
31 MARCH 2021


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 and authorised for issue on 5 July 2021 and were signed by:





Mr R M Foster - Director


The notes form part of these financial statements

Page 3
SHOBNALL BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04008684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

Shobnall Building 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.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

Page 4 continued...
SHOBNALL BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04008684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
COST
At 1 April 2020 30,297 20,469 7,395 2,433
Additions 307 307 - -
At 31 March 2021 30,604 20,776 7,395 2,433
DEPRECIATION
At 1 April 2020 22,067 15,936 3,698 2,433
Charge for year 2,584 736 1,848 -
At 31 March 2021 24,651 16,672 5,546 2,433
NET BOOK VALUE
At 31 March 2021 5,953 4,104 1,849 -
At 31 March 2020 8,230 4,533 3,697 -

5. STOCKS
31.3.21 31.3.20
£    £   
Stock and work in progress 619,545 447,739

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors - 7,009
Amounts owed by group undertakings 61,275 65,475
VAT 2,178 -
Prepayments 2,321 3,093
65,774 75,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade creditors 15,463 7,980
Tax 960 2,148
VAT - 7,020
PAYE control 1,081 1,468
Wages control - 2,124
Directors' current accounts 53,631 50,659
Accrued expenses 1,491 1,512
72,626 72,911

Page 5