Company Registration No. 11241702 (England and Wales)
BUILDGAP LIMITED
Unaudited accounts
for the year ended 31 March 2022
BUILDGAP LIMITED
Unaudited accounts
Contents
BUILDGAP LIMITED
Company Information
for the year ended 31 March 2022
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
BUILDGAP LIMITED
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
253,198
59,286
Creditors: amounts falling due within one year
(397,274)
(120,453)
Net current assets
66,855
22,338
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
BUILDGAP LIMITED
Notes to the Accounts
for the year ended 31 March 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Debtors: amounts falling due within one year
2022
2021
Trade debtors
201,550
31,092
Accrued income and prepayments
-
50,803
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
45,000
Taxes and social security
14,642
19,382
Loans from directors
3,463
7,059
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).