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REGISTERED NUMBER: 10601320 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Build Bournemouth Ltd

Build Bournemouth Ltd (Registered number: 10601320)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Build Bournemouth Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: B Baker
Mrs S Baker





SECRETARY:





REGISTERED OFFICE: 61 Sherwood Avenue
Poole
Dorset
BH14 8DJ





REGISTERED NUMBER: 10601320 (England and Wales)





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

Build Bournemouth Ltd (Registered number: 10601320)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,471 30,588

CURRENT ASSETS
Stocks 5 53,032 63,408
Debtors 6 21,967 13,038
Cash at bank 12,272 2,413
87,271 78,859
CREDITORS
Amounts falling due within one year 7 45,623 26,493
NET CURRENT ASSETS 41,648 52,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,119

82,954

CREDITORS
Amounts falling due after more than one year 8 54,292 71,128
NET ASSETS 11,827 11,826

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 11,727 11,726
SHAREHOLDERS' FUNDS 11,827 11,826

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.

Build Bournemouth Ltd (Registered number: 10601320)

Balance Sheet - continued
28 February 2023


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 17 November 2023 and were signed on its behalf by:





B Baker - Director


Build Bournemouth Ltd (Registered number: 10601320)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Build Bournemouth 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Build Bournemouth Ltd (Registered number: 10601320)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 50,461
DEPRECIATION
At 1 March 2022 19,873
Charge for year 6,117
At 28 February 2023 25,990
NET BOOK VALUE
At 28 February 2023 24,471
At 28 February 2022 30,588

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 45,782 19,950
Work-in-progress 7,250 43,458
53,032 63,408

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 21,967 9,549
VAT - 3,489
21,967 13,038

Build Bournemouth Ltd (Registered number: 10601320)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 15,864 9,375
Tax 21,472 13,082
Social security and other taxes 2,052 1,589
VAT 4,331 -
Other creditors (36 ) -
Directors' current accounts - 683
Accountancy accrual 1,940 1,764
45,623 26,493

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 9) 36,787 46,672
Other loans (see note 9) 17,505 24,456
54,292 71,128

9. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 36,787 46,672

Amounts falling due between two and five years:
Other loans - 2-5 years 17,505 24,456

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

Build Bournemouth Ltd (Registered number: 10601320)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. RESERVES
Retained
earnings
£   

At 1 March 2022 11,726
Profit for the year 41,207
Dividends (41,206 )
At 28 February 2023 11,727

12. ULTIMATE CONTROLLING PARTY

The controlling party is B Baker.