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Registration number: 13181072

High Grade Builders of Bath Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

High Grade Builders of Bath Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

High Grade Builders of Bath Limited

Company Information

Director

A W Pitney

Registered office

Cooper House
Lower Charlton
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Cooper House
Lower Charlton
Shepton Mallet
Somerset
BA4 5QE

 

High Grade Builders of Bath Limited

(Registration number: 13181072)
Balance Sheet
28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

16,686

13,875

Current assets

 

Debtors

5

7,421

9,964

Cash at bank and in hand

 

27,338

37,879

 

34,759

47,843

Creditors: Amounts falling due within one year

6

(27,810)

(33,519)

Net current assets

 

6,949

14,324

Net assets

 

23,635

28,199

Capital and reserves

 

Called up share capital

100

100

Retained earnings

23,535

28,099

Shareholders' funds

 

23,635

28,199

 

High Grade Builders of Bath Limited

(Registration number: 13181072)
Balance Sheet
28 February 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 November 2023
 

.........................................
A W Pitney
Director

 

High Grade Builders of Bath Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton
Shepton Mallet
Somerset
BA4 5QE

The principal place of business is:
3 Princes Street
Clandown
RADSTOCK
Somerset
BA3 3DJ

These financial statements were authorised for issue by the director on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

High Grade Builders of Bath Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% per annum reducing balance

Plant & Machinery

25% per annum reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

High Grade Builders of Bath Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2022

-

18,500

18,500

Additions

873

7,500

8,373

At 28 February 2023

873

26,000

26,873

Depreciation

At 1 March 2022

-

4,625

4,625

Charge for the year

218

5,344

5,562

At 28 February 2023

218

9,969

10,187

Carrying amount

At 28 February 2023

655

16,031

16,686

At 28 February 2022

-

13,875

13,875

5

Debtors

2023
£

2022
£

Trade debtors

4,863

7,951

Prepayments

2,558

2,013

7,421

9,964

 

High Grade Builders of Bath Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7,288

2,323

Taxation and social security

17,099

8,959

Other creditors

3,423

22,237

27,810

33,519