Registered number
09980238
Building Plus Company London Limited
Filleted Accounts
28 February 2023
Building Plus Company London Limited
Registered number: 09980238
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,688 11,441
Current assets
Stocks 4,075 2,275
Debtors 4 16,729 21,505
Cash at bank and in hand 18,242 10,609
39,046 34,389
Creditors: amounts falling due within one year 5 (17,194) (16,562)
Net current assets 21,852 17,827
Total assets less current liabilities 30,540 29,268
Creditors: amounts falling due after more than one year 6 (22,284) (28,900)
Net assets 8,256 368
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,156 268
Shareholder's funds 8,256 368
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Alush Kaziu
Director
Approved by the board on 28 November 2023
Building Plus Company London Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% on reducing balance
Fixtures, fittings, tools and equipment 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 2,674 16,325 18,999
At 28 February 2023 2,674 16,325 18,999
Depreciation
At 1 March 2022 1,616 5,942 7,558
Charge for the year 158 2,595 2,753
At 28 February 2023 1,774 8,537 10,311
Net book value
At 28 February 2023 900 7,788 8,688
At 28 February 2022 1,058 10,383 11,441
4 Debtors 2023 2022
£ £
Trade debtors 729 729
Other debtors 16,000 20,776
16,729 21,505
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,525 15,264
Other creditors 6,669 1,298
17,194 16,562
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,284 28,900
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Alsuh Kaziu
Directors current account 20,776 (20,776) 16,000 16,000
20,776 (20,776) 16,000 16,000
Directors loan account repaid within 9 months
8 Other information
Building Plus Company London Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Daybrook Road
Merton Park
London
SW19 3DJ
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