Company Registration No. 11945907 (England and Wales)
Self Build Heroes Ltd
Unaudited accounts
for the year ended 28 February 2023
Self Build Heroes Ltd
Unaudited accounts
Contents
Self Build Heroes Ltd
Company Information
for the year ended 28 February 2023
Company Number
11945907 (England and Wales)
Registered Office
C/O ACCOUNTS AND LEGAL
81 King Street
MANCHESTER
GREATER MANCHESTER
M2 4AH
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Self Build Heroes Ltd
Accountants' report
Accountants' report to the director of Self Build Heroes Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Self Build Heroes Ltd for the year ended
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Self Build Heroes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Self Build Heroes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Self Build Heroes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Self Build Heroes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Self Build Heroes Ltd. You consider that Self Build Heroes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Self Build Heroes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
27 November 2023
Self Build Heroes Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
11,092
13,326
Cash at bank and in hand
44,829
10,730
Creditors: amounts falling due within one year
(46,496)
(76,620)
Net current assets
6,425
103,641
Total assets less current liabilities
17,517
116,967
Creditors: amounts falling due after more than one year
(40,909)
(80,288)
Net (liabilities)/assets
(23,392)
36,679
Called up share capital
100
100
Profit and loss account
(23,492)
36,579
Shareholders' funds
(23,392)
36,679
For the year ending 28 February 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 27 November 2023 and were signed on its behalf by
Matthew Burrows
Director
Company Registration No. 11945907
Self Build Heroes Ltd
Notes to the Accounts
for the year ended 28 February 2023
Self Build Heroes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11945907. The registered office is C/O ACCOUNTS AND LEGAL, 81 King Street, MANCHESTER, GREATER MANCHESTER, M2 4AH, 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.
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% Straight Line
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
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 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Self Build Heroes Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
3,731
14,782
-
18,513
At 28 February 2023
4,326
14,782
940
20,048
At 1 March 2022
1,492
3,695
-
5,187
Charge for the year
816
2,772
181
3,769
At 28 February 2023
2,308
6,467
181
8,956
At 28 February 2023
2,018
8,315
759
11,092
At 28 February 2022
2,239
11,087
-
13,326
Amounts falling due within one year
Trade debtors
6,355
131,420
Accrued income and prepayments
1,701
34,788
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,411
9,311
Obligations under finance leases and hire purchase contracts
9,873
3,702
Trade creditors
10,946
33,327
Taxes and social security
8,646
12,280
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
7,842
Loans from directors
15,798
44,939
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).