Specialist Construction Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02421058 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

SPECIALIST CONSTRUCTION SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Bezus

REGISTERED OFFICE:

Unit 18A Queensway Industrial Estate

Longbridge Hayes Road

Stoke on Trent

Staffordshire

ST6 4DS

REGISTERED NUMBER:

02421058 (England and Wales)

ACCOUNTANTS:

Kelly Molyneux & Co.Limited

Chartered Certified Accountants

Mitre House

Pitt Street West

Burslem

Stoke-on-Trent

ST6 3JW

FIXED ASSETS

Tangible assets

4

401

535

Investments

5

55,002

55,002

55,403

55,537

CURRENT ASSETS

Debtors

6

51,311

50,311

Cash at bank

58,198

52,063

109,509

102,374

CREDITORS

Amounts falling due within one year

7

82,235

66,570

NET CURRENT ASSETS

27,274

35,804

TOTAL ASSETS LESS CURRENT LIABILITIES

82,677

91,341

CREDITORS

Amounts falling due after more than one year

8

30,000

37,500

NET ASSETS

52,677

53,841

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Capital redemption reserve

2,500

2,500

Retained earnings

47,677

48,841

SHAREHOLDERS' FUNDS

52,677

53,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 by the director and authorised for issue on 7 August 2023 and were signed by:

M Bezus - Director

1.	STATUTORY INFORMATION

Specialist Construction Services 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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

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.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 December 2021

and 30 November 2022

9,510

DEPRECIATION

At 1 December 2021

8,975

Charge for year

134

At 30 November 2022

9,109

NET BOOK VALUE

At 30 November 2022

401

At 30 November 2021

535

5.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1 December 2021

and 30 November 2022

55,002

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

51,311

50,311

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

1

2

Amounts owed to group

undertakings

72,234

56,568

82,235

66,570

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

20,000

27,500

30,000

37,500

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date an amount of £72,234 (2021 £56,568) was due to Churchman, Fenner & Brown Limited and £2307 (2021 £856) was due from Specialist Building Materials Limited, both companies are subsidiaries of Specialist Construction Services Limited.