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REGISTERED NUMBER: 07153332 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

The Building Design Workshop Limited

The Building Design Workshop Limited (Registered number: 07153332)






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


The Building Design Workshop Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J A Groux
S A Groux





REGISTERED OFFICE: Airport House
Suite 43-45
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 07153332 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

The Building Design Workshop Limited (Registered number: 07153332)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,000 3,293

CURRENT ASSETS
Debtors 5 13,888 17,229
Cash at bank 9,351 14,331
23,239 31,560
CREDITORS
Amounts falling due within one year 6 (18,543 ) (20,291 )
NET CURRENT ASSETS 4,696 11,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,696

14,562

CREDITORS
Amounts falling due after more than one year 7 (8,952 ) (12,810 )

PROVISIONS FOR LIABILITIES 8 (380 ) (626 )
NET (LIABILITIES)/ASSETS (2,636 ) 1,126

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (2,736 ) 1,026
(2,636 ) 1,126

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 Building Design Workshop Limited (Registered number: 07153332)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





J A Groux - Director


The Building Design Workshop Limited (Registered number: 07153332)

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

1. STATUTORY INFORMATION

The Building Design Workshop 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 (£).


The principal activity of the company was that of providing property investment and management services.

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 represents consultancy and expert witness income.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment - 25% Straight Line Method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.


The Building Design Workshop Limited (Registered number: 07153332)

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

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the balance sheet date, liabilities exceed assets by £2,636. However the financial statements have been prepared on a going concern basis as the company has the continuing support from its directors and shareholders.The director are therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022 9,598
Disposals (170 )
At 28 February 2023 9,428
DEPRECIATION
At 1 March 2022 6,305
Charge for year 1,293
Eliminated on disposal (170 )
At 28 February 2023 7,428
NET BOOK VALUE
At 28 February 2023 2,000
At 28 February 2022 3,293

The Building Design Workshop Limited (Registered number: 07153332)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,646 10,394
Other debtors 7,242 6,835
13,888 17,229

The directors consider the carrying value of trade and other receivables approximate to their fair value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,259 4,259
Trade creditors 2,165 2,075
Taxation and social security 298 4,547
Other creditors 11,821 9,410
18,543 20,291

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,952 12,810

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 380 626

Deferred
tax
£   
Balance at 1 March 2022 626
Provided during year (246 )
Balance at 28 February 2023 380

9. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

The Building Design Workshop Limited (Registered number: 07153332)

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

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, other creditors includes £2,694 (2022 - £1,975 included in other debtors) being amounts due to the directors.