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Company Registration No. 11241702 (England and Wales)
BUILDGAP LIMITED Unaudited accounts for the year ended 31 March 2022
BUILDGAP LIMITED Unaudited accounts Contents
Page
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BUILDGAP LIMITED Company Information for the year ended 31 March 2022
Director
Burhan Ud Din
Company Number
11241702 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX UNITED KINGDOM
Accountants
Capshire Advisory Services Ltd 6 Heathfield Court 4 Cedar Gardens Sutton SM2 5EQ
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BUILDGAP LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
210,931 
83,505 
Cash at bank and in hand
253,198 
59,286 
464,129 
142,791 
Creditors: amounts falling due within one year
(397,274)
(120,453)
Net current assets
66,855 
22,338 
Net assets
66,855 
22,338 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
66,854 
22,337 
Shareholders' funds
66,855 
22,338 
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2022 and were signed on its behalf by
Burhan Ud Din Director Company Registration No. 11241702
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BUILDGAP LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
BUILDGAP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11241702. The registered office is Kemp House, 160 City Road, London, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
8,600 
- 
Trade debtors
201,550 
31,092 
Accrued income and prepayments
- 
50,803 
Other debtors
781 
1,610 
210,931 
83,505 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
45,000 
VAT
- 
49,012 
Taxes and social security
14,642 
19,382 
Loans from directors
3,463 
7,059 
Accruals
131,647 
- 
Deferred income
247,522 
- 
397,274 
120,453 
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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