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REGISTERED NUMBER: 05616899 (England and Wales)











Financial Statements

for the Year Ended 31 January 2023

for

IBUILD CONSTRUCTION LIMITED

IBUILD CONSTRUCTION LIMITED (REGISTERED NUMBER: 05616899)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IBUILD CONSTRUCTION LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr J P Gerrard
Mr M Gerrard





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05616899 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

IBUILD CONSTRUCTION LIMITED (REGISTERED NUMBER: 05616899)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Debtors 4 3,277,383 2,755,624
Cash at bank 51,645 43,220
3,329,028 2,798,844
CREDITORS
Amounts falling due within one year 5 2,830,103 2,522,193
NET CURRENT ASSETS 498,925 276,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,925

276,651

CAPITAL AND RESERVES
Called up share capital 6 180 180
Retained earnings 498,745 276,471
SHAREHOLDERS' FUNDS 498,925 276,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr J P Gerrard - Director


IBUILD CONSTRUCTION LIMITED (REGISTERED NUMBER: 05616899)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

iBuild Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents revenue from property construction. Turnover is recognised as the work is undertaken.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,259,275 2,708,544
Other debtors 18,108 47,080
3,277,383 2,755,624

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 570,071 61,694
Amounts owed to group undertakings 1,974,721 1,805,321
Amounts owed to participating interests 115,000 135,000
Taxation and social security 103,711 158,178
Other creditors 66,600 362,000
2,830,103 2,522,193

IBUILD CONSTRUCTION LIMITED (REGISTERED NUMBER: 05616899)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
90 Ordinary A £1 90 90
90 Ordinary B £1 90 90
180 180

7. RELATED PARTY DISCLOSURES

At the balance sheet date company owed £1,974,721 (2022 : £1,805,321) to Investland Ltd and £115,000 (2022 : £135,000) to Shapes & Things Ltd.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one individual holds a controlling interest in the issued share capital of the parent company.

The parent company is Investland Limited, which is incorporated and registered in England.