BARBAROSSA CONSTRUCTION LIMITED 10132184 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is that of trading in construction industry Digita Accounts Production Advanced 6.30.9574.0 true 10132184 2022-05-01 2023-04-30 10132184 2023-04-30 10132184 bus:Director2 2023-04-30 10132184 bus:OrdinaryShareClass1 bus:OtherShareType 2023-04-30 10132184 core:RetainedEarningsAccumulatedLosses 2023-04-30 10132184 core:ShareCapital 2023-04-30 10132184 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 10132184 core:Non-currentFinancialInstruments 2023-04-30 10132184 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 10132184 core:FurnitureFittingsToolsEquipment 2023-04-30 10132184 bus:SmallEntities 2022-05-01 2023-04-30 10132184 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10132184 bus:FullAccounts 2022-05-01 2023-04-30 10132184 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 10132184 bus:RegisteredOffice 2022-05-01 2023-04-30 10132184 bus:Director2 2022-05-01 2023-04-30 10132184 bus:Director5 2022-05-01 2023-04-30 10132184 bus:OrdinaryShareClass1 bus:OtherShareType 2022-05-01 2023-04-30 10132184 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10132184 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 10132184 core:ShareCapital 2022-05-01 2023-04-30 10132184 core:ComputerEquipment 2022-05-01 2023-04-30 10132184 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 10132184 countries:England 2022-05-01 2023-04-30 10132184 2022-04-30 10132184 core:RetainedEarningsAccumulatedLosses 2022-04-30 10132184 core:ShareCapital 2022-04-30 10132184 core:FurnitureFittingsToolsEquipment 2022-04-30 10132184 2021-05-01 2022-04-30 10132184 2022-04-30 10132184 bus:OrdinaryShareClass1 bus:OtherShareType 2022-04-30 10132184 core:RetainedEarningsAccumulatedLosses 2022-04-30 10132184 core:ShareCapital 2022-04-30 10132184 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 10132184 core:Non-currentFinancialInstruments 2022-04-30 10132184 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 10132184 core:FurnitureFittingsToolsEquipment 2022-04-30 10132184 core:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 10132184 core:ShareCapital 2021-05-01 2022-04-30 10132184 2021-04-30 10132184 core:RetainedEarningsAccumulatedLosses 2021-04-30 10132184 core:ShareCapital 2021-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10132184

BARBAROSSA CONSTRUCTION LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

BARBAROSSA CONSTRUCTION LIMITED

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

 

BARBAROSSA CONSTRUCTION LIMITED

Company Information

Director

Necati Mehmet Kafadar

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

BARBAROSSA CONSTRUCTION LIMITED

Director's Report for the Year Ended 30 April 2023

The report and the financial statements for the year ended 30 April 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Mustafa Akdogan (resigned 31 May 2022)

Necati Mehmet Kafadar

Principal activity

The principal activity of the company is that of trading in construction industry.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 October 2023
 

.........................................
Necati Mehmet Kafadar
Director

 

BARBAROSSA CONSTRUCTION LIMITED

Profit and Loss Account for the Year Ended 30 April 2023

Note

2023
£

2022
£

Turnover

 

1,354,858

2,519,804

Cost of sales

 

(837,744)

(2,284,602)

Gross profit

 

517,114

235,202

Administrative expenses

 

(291,656)

(431,974)

Other operating income

 

-

33,487

Operating profit/(loss)

 

225,458

(163,285)

Other interest receivable and similar income

 

317

3

Interest payable and similar expenses

 

(242)

(1,496)

   

75

(1,493)

Profit/(loss) before tax

225,533

(164,778)

Profit/(loss) for the financial year

 

225,533

(164,778)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

BARBAROSSA CONSTRUCTION LIMITED

Statement of Comprehensive Income for the Year Ended 30 April 2023

2023
£

2022
£

Profit/(loss) for the year

225,533

(164,778)

Total comprehensive income for the year

225,533

(164,778)

 

BARBAROSSA CONSTRUCTION LIMITED

(Registration number: 10132184)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

13,495

5,162

Current assets

 

Debtors

5

522,375

571,305

Cash at bank and in hand

 

266,816

75,456

 

789,191

646,761

Creditors: Amounts falling due within one year

6

(126,822)

(186,139)

Net current assets

 

662,369

460,622

Total assets less current liabilities

 

675,864

465,784

Creditors: Amounts falling due after more than one year

8

(38,880)

(48,333)

Net assets

 

636,984

417,451

capital and reserves

 

Called up share capital

7

3

3

Profit and loss account

636,981

417,448

Total equity

 

636,984

417,451

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 October 2023
 

.........................................
Necati Mehmet Kafadar
Director

 

BARBAROSSA CONSTRUCTION LIMITED

Statement of Changes in Equity for the Year Ended 30 April 2023

Share capital
£

Profit and loss account
£

Total
£

At 1 May 2022

3

417,448

417,451

Profit for the year

-

225,533

225,533

Total comprehensive income

-

225,533

225,533

Dividends

-

(6,000)

(6,000)

At 30 April 2023

3

636,981

636,984

Share capital
£

Retained earnings
£

Total
£

At 1 May 2021

3

588,226

588,229

Loss for the year

-

(164,778)

(164,778)

Dividends

-

(6,000)

(6,000)

At 30 April 2022

3

417,448

417,451

 

BARBAROSSA CONSTRUCTION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the director on 13 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

BARBAROSSA CONSTRUCTION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

reducing balance 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

BARBAROSSA CONSTRUCTION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2022 - 13).

 

BARBAROSSA CONSTRUCTION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

10,270

10,270

Additions

12,830

12,830

At 30 April 2023

23,100

23,100

Depreciation

At 1 May 2022

5,108

5,108

Charge for the year

4,497

4,497

At 30 April 2023

9,605

9,605

Carrying amount

At 30 April 2023

13,495

13,495

At 30 April 2022

5,162

5,162

5

Debtors

Current

2023
£

2022
£

Trade debtors

522,375

571,305

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

87,900

57,260

Accruals and deferred income

1,500

16,626

Other creditors

37,422

112,253

126,822

186,139

7

Share capital

Allotted, called up and fully paid shares

 

BARBAROSSA CONSTRUCTION LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

38,880

48,333

9

Dividends

   

2023

 

2022

   

£

 

£

Final dividend of £6,000.00 (2022 - £6,000.00)

 

6,000

 

6,000

Interim dividend of £Nil (2022 - £Nil)

 

-

 

-

   

6,000

 

6,000