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REGISTERED NUMBER: 05178127 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

CUSTOM BUILD (SUSSEX) LIMITED

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUSTOM BUILD (SUSSEX) LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: D J Hunnisett





SECRETARY: Mrs S J Hunnisett





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 05178127 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,070 22,991

CURRENT ASSETS
Debtors 5 15,721 30,645
Cash at bank 107,386 115,642
123,107 146,287
CREDITORS
Amounts falling due within one year 6 70,144 86,674
NET CURRENT ASSETS 52,963 59,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,033

82,604

CREDITORS
Amounts falling due after more than one
year

7

(19,066

)

(29,101

)

PROVISIONS FOR LIABILITIES (3,433 ) (4,368 )
NET ASSETS 48,534 49,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,434 49,035
48,534 49,135

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

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

The director acknowledges his 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.

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Balance Sheet - continued
31 July 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 director and authorised for issue on 27 November 2023 and were signed by:





D J Hunnisett - Director


CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

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

1. STATUTORY INFORMATION

Custom Build (Sussex) 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 34,970 56,367 6,154 97,491
Additions 836 - 267 1,103
At 31 July 2023 35,806 56,367 6,421 98,594
DEPRECIATION
At 1 August 2022 32,550 37,416 4,534 74,500
Charge for year 814 4,738 472 6,024
At 31 July 2023 33,364 42,154 5,006 80,524
NET BOOK VALUE
At 31 July 2023 2,442 14,213 1,415 18,070
At 31 July 2022 2,420 18,951 1,620 22,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 15,721 30,301
Tax - 344
15,721 30,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,035 9,788
Hire purchase contracts - 2,322
Trade creditors 26,639 43,192
Tax 10,304 9,002
Social security and other taxes 4,386 3,075
VAT 13,916 7,936
Other creditors 1,745 120
Directors' current accounts 370 9,239
Accrued expenses 2,749 2,000
70,144 86,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 10,289 10,035
Bank loans - 2-5 years 8,777 19,066
19,066 29,101