IRIS Accounts Production
v23.3.0.418
02584083
Board of Directors
Board of Directors
1.3.22
28.2.23
28.2.23
project management, consultancy, construction and property development.
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true
false
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REGISTERED NUMBER: 02584083 (England and Wales) |
| REPORT OF THE DIRECTORS AND | |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 28 FEBRUARY 2023 | |
|
Report of the Directors |
2 |
|
|
Notes to the Financial Statements |
5 |
|
|
REGISTERED OFFICE: |
Heather Mount |
|
REGISTERED NUMBER: |
02584083 (England and Wales) |
|
ACCOUNTANTS: |
HPCA Limited |
The directors present their report with the financial statements of the company for the year ended 28 February 2023. |
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Cost of sales |
(9,071 |
) |
(8,839 |
) |
|
GROSS LOSS |
(9,071 |
) |
(8,706 |
) |
|
Administrative expenses |
(12,355 |
) |
(11,170 |
) |
|
OPERATING LOSS |
4 |
(21,426 |
) |
(19,876 |
) |
|
Interest receivable and similar income |
5,142 |
|
- |
|
|
LOSS BEFORE TAXATION |
(16,284 |
) |
(19,876 |
) |
|
LOSS FOR THE FINANCIAL YEAR |
(16,284 |
) |
(19,876 |
) |
|
Tangible assets |
5 |
1,060 |
|
1,039 |
|
|
Cash at bank |
1,105,975 |
|
1,127,425 |
|
|
Amounts falling due within one year |
6 |
(442,689 |
) |
(432,834 |
) |
|
NET CURRENT ASSETS |
663,286 |
|
694,591 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
664,346 |
|
695,630 |
|
|
Called up share capital |
2,000 |
|
2,000 |
|
|
Retained earnings |
662,346 |
|
693,630 |
|
|
SHAREHOLDERS' FUNDS |
664,346 |
|
695,630 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by: |
Mrs E M Mulvenna - Director |
|
Buro Construct Ltd 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. |
|
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. |
|
Turnover represents the net amount receivable from the sale of property and provision of services, excluding value added tax. |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Fixtures and fittings |
- |
25% on cost |
|
Computer equipment |
- |
25% on cost |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 2 (2022 - 2 ) . |
|
The operating loss is stated after charging: |
|
Depreciation - owned assets |
446 |
|
548 |
|
|
|
fittings |
|
equipment |
|
Totals |
|
At 1 March 2022 |
9,936 |
|
4,882 |
|
14,818 |
|
|
|
At 28 February 2023 |
9,936 |
|
5,349 |
|
15,285 |
|
|
|
At 1 March 2022 |
9,684 |
|
4,095 |
|
13,779 |
|
|
|
Charge for year |
75 |
|
371 |
|
446 |
|
|
|
At 28 February 2023 |
9,759 |
|
4,466 |
|
14,225 |
|
|
|
At 28 February 2023 |
177 |
|
883 |
|
1,060 |
|
|
|
At 28 February 2022 |
252 |
|
787 |
|
1,039 |
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Bank loans and overdrafts |
547 |
|
77 |
|
|
|
Directors' current accounts |
439,651 |
|
428,170 |
|
|