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Company Registration No. 12492343 (England and Wales)
Build.Tune.Race Ltd Unaudited accounts for the year ended 31 March 2022
Build.Tune.Race Ltd Unaudited accounts Contents
Page
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Build.Tune.Race Ltd Company Information for the year ended 31 March 2022
Director
Connor Green
Company Number
12492343 (England and Wales)
Registered Office
4 Ketley Hill Road Dudley DY1 2HS
Accountants
Richard McIntosh 5 South Charlotte Street Edinburgh EH2 4AN
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Build.Tune.Race Ltd Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,098 
1,600 
Current assets
Cash at bank and in hand
857 
337 
Creditors: amounts falling due within one year
(2,550)
(1,717)
Net current liabilities
(1,693)
(1,380)
Net assets
405 
220 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
404 
219 
Shareholders' funds
405 
220 
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 24 August 2022 and were signed on its behalf by
Connor Green Director Company Registration No. 12492343
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Build.Tune.Race Ltd Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Build.Tune.Race Ltd is a private company, limited by shares, registered in England and Wales, registration number 12492343. The registered office is 4 Ketley Hill Road, Dudley, DY1 2HS.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2021
2,000 
Additions
1,122 
At 31 March 2022
3,122 
Depreciation
At 1 April 2021
400 
Charge for the year
624 
At 31 March 2022
1,024 
Net book value
At 31 March 2022
2,098 
At 31 March 2021
1,600 
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Build.Tune.Race Ltd Notes to the Accounts for the year ended 31 March 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Loans from directors
2,335 
1,502 
Accruals
215 
215 
2,550 
1,717 
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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