Building Restoration Ltd 05194593 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is that of building restoration. Digita Accounts Production Advanced 6.30.9574.0 true 05194593 2022-02-01 2023-01-31 05194593 2023-01-31 05194593 core:RetainedEarningsAccumulatedLosses 2023-01-31 05194593 core:ShareCapital 2023-01-31 05194593 core:CurrentFinancialInstruments 2023-01-31 05194593 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 05194593 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 05194593 core:MotorVehicles 2023-01-31 05194593 core:OfficeEquipment 2023-01-31 05194593 1 2023-01-31 05194593 bus:SmallEntities 2022-02-01 2023-01-31 05194593 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 05194593 bus:FullAccounts 2022-02-01 2023-01-31 05194593 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 05194593 bus:RegisteredOffice 2022-02-01 2023-01-31 05194593 bus:CompanySecretary1 2022-02-01 2023-01-31 05194593 bus:Director2 2022-02-01 2023-01-31 05194593 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05194593 core:MotorVehicles 2022-02-01 2023-01-31 05194593 core:OfficeEquipment 2022-02-01 2023-01-31 05194593 countries:EnglandWales 2022-02-01 2023-01-31 05194593 1 2022-02-01 2023-01-31 05194593 2022-01-31 05194593 core:MotorVehicles 2022-01-31 05194593 core:OfficeEquipment 2022-01-31 05194593 1 2022-01-31 05194593 2021-02-01 2022-01-31 05194593 2022-01-31 05194593 core:RetainedEarningsAccumulatedLosses 2022-01-31 05194593 core:ShareCapital 2022-01-31 05194593 core:CurrentFinancialInstruments 2022-01-31 05194593 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 05194593 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 05194593 core:MotorVehicles 2022-01-31 05194593 core:OfficeEquipment 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 05194593

Building Restoration Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

Building Restoration Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Building Restoration Ltd

Company Information

Director

J C Bedingfield

Company secretary

P Bedingfield

Registered office

Appleyard Barn
Cheddar Road
Wedmore
Somerset
BS28 4EJ

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Building Restoration Ltd

(Registration number: 05194593)
Balance Sheet
31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

231

368

Current assets

 

Debtors

6

15,846

20,944

Cash at bank and in hand

 

13,024

10,601

 

28,870

31,545

Creditors: Amounts falling due within one year

7

(11,067)

(13,040)

Net current assets

 

17,803

18,505

Total assets less current liabilities

 

18,034

18,873

Creditors: Amounts falling due after more than one year

7

(7,000)

(10,000)

Net assets

 

11,034

8,873

Capital and reserves

 

Called up share capital

100

100

Retained earnings

10,934

8,773

Shareholders' funds

 

11,034

8,873

 

Building Restoration Ltd

(Registration number: 05194593)
Balance Sheet
31 January 2023

For the financial year ending 31 January 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 his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 October 2023
 



J C Bedingfield
Director

 

Building Restoration Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2023

1

General information

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

The address of its registered office is:
Appleyard Barn
Cheddar Road
Wedmore
Somerset
BS28 4EJ

These financial statements were authorised for issue by the director on 20 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 provision of services in the ordinary course of the company’s activities and is shown net ofvalue added tax. The company recognises revenue when the amount of revenue can be reliably measured.

Tax

The tax expense for the period comprises tax and is recognised in profit or loss.

The current corporation 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.

 

Building Restoration Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2023

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.

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

Motor vehicles

20% per annum straight line

Equipment

15% per annum straight line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. 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. 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense 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.

 

Building Restoration Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

137

137

 

Building Restoration Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2023

5

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2022

916

13,200

14,116

At 31 January 2023

916

13,200

14,116

Depreciation

At 1 February 2022

548

13,200

13,748

Charge for the year

137

-

137

At 31 January 2023

685

13,200

13,885

Carrying amount

At 31 January 2023

231

-

231

At 31 January 2022

368

-

368

6

Debtors

2023
£

2022
£

Other debtors

15,366

20,944

Prepayments

480

-

15,846

20,944

 

Building Restoration Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 January 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

3,000

3,000

Taxation and social security

7,503

9,500

Other creditors

564

540

11,067

13,040

Due after one year

Loans and borrowings

7,000

10,000

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Loans and borrowings

7,000

10,000

8

Related party transactions

2023

At 1 February 2022
£

Repayments by director
£

At 31 January 2023
£

Amount owed by the director to the compnay

18,526

(5,577)

12,949

 

18,526

(5,577)

12,949