Company Registration No. 12505179 (England and Wales)
Concept Build Group Ltd
Unaudited accounts
for the year ended 31 March 2023
Concept Build Group Ltd
Unaudited accounts
Contents
Concept Build Group Ltd
Company Information
for the year ended 31 March 2023
Director
Gregory Grant Urch
Company Number
12505179 (England and Wales)
Registered Office
27 Sunbury Close
Bordon
Hampshire
GU35 0BW
England
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Concept Build Group Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
14,102
17,627
Cash at bank and in hand
3,363
187
Creditors: amounts falling due within one year
(155,896)
(159,467)
Net current liabilities
(136,070)
(139,465)
Total assets less current liabilities
(121,968)
(121,838)
Provisions for liabilities
Other provisions
(15,328)
-
Net liabilities
(137,296)
(121,838)
Called up share capital
1
1
Profit and loss account
(137,297)
(121,839)
Shareholders' funds
(137,296)
(121,838)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
Gregory Grant Urch
Director
Company Registration No. 12505179
Concept Build Group Ltd
Notes to the Accounts
for the year ended 31 March 2023
Concept Build Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12505179. The registered office is 27 Sunbury Close, Bordon, Hampshire, GU35 0BW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
At the balance sheet date the company has net liabilities of £121,838. The ability of the company to continue to trade is dependent upon the continuing support of the director.
The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the accounts on a going concern basis.
The financial statements do not include any adjustments that would result form the withdrawal of support by the director.
Concept Build Group Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
13,809
12,300
26,109
At 31 March 2023
13,809
12,300
26,109
At 1 April 2022
4,381
4,101
8,482
Charge for the year
1,885
1,640
3,525
At 31 March 2023
6,266
5,741
12,007
At 31 March 2023
7,543
6,559
14,102
At 31 March 2022
9,428
8,199
17,627
Amounts falling due within one year
Trade debtors
15,628
18,272
Accrued income and prepayments
635
607
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,769
17,971
Taxes and social security
1,026
715
Other creditors
76,500
79,000
Loans from directors
68,146
60,981
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).