Registered number
08056246
Builder & Decorator Ltd
Filleted Accounts
31 May 2023
Builder & Decorator Ltd
Registered number: 08056246
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 58,044 24,154
Current assets
Debtors 5 182,424 4,689
Cash at bank and in hand 349,412 269,865
531,836 274,554
Creditors: amounts falling due within one year 6 (215,100) (117,999)
Net current assets 316,736 156,555
Total assets less current liabilities 374,780 180,709
Creditors: amounts falling due after more than one year 7 (22,503) (7,618)
Provisions for liabilities (11,030) (4,591)
Net assets 341,247 168,500
Capital and reserves
Called up share capital 100 100
Profit and loss account 341,147 168,400
Shareholders' funds 341,247 168,500
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tomasz Redzimski
Director
Approved by the board on 4 November 2023
Builder & Decorator Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 32,659 - 32,659
Additions 10,254 36,474 46,728
At 31 May 2023 42,913 36,474 79,387
Depreciation
At 1 June 2022 8,505 - 8,505
Charge for the year 8,583 4,255 12,838
At 31 May 2023 17,088 4,255 21,343
Net book value
At 31 May 2023 25,825 32,219 58,044
At 31 May 2022 24,154 - 24,154
5 Debtors 2023 2022
£ £
Trade debtors 149,544 4,689
Other debtors - directors loan 32,880 -
182,424 4,689
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,923 5,923
Obligations under finance lease and hire purchase contracts 3,568 -
Trade creditors 64,383 14,200
Taxation and social security costs 141,226 96,631
Other creditors, directors loans - 1,245
215,100 117,999
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,618 7,618
Obligations under finance lease and hire purchase contracts 19,885 -
22,503 7,618
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Tomasz Redzimski
2.5% interest charging loan - 40,000 (7,120) 32,880
Interest paid £600
- 40,000 (7,120) 32,880
9 Other information
Builder & Decorator Ltd is a private company limited by shares and incorporated in England. Its registered office is:
17 Primrose Way
Wembley
Middx
HA0 1DS
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