Silverfin false 30/04/2023 01/05/2022 30/04/2023 Catherine Elise Fisher 15/08/2016 Mark John Fisher 01/04/2003 19 November 2023 The principal activity of the Company during the financial year was that of construction work. 03539759 2023-04-30 03539759 bus:Director1 2023-04-30 03539759 bus:Director2 2023-04-30 03539759 2022-04-30 03539759 core:CurrentFinancialInstruments 2023-04-30 03539759 core:CurrentFinancialInstruments 2022-04-30 03539759 core:Non-currentFinancialInstruments 2023-04-30 03539759 core:Non-currentFinancialInstruments 2022-04-30 03539759 core:ShareCapital 2023-04-30 03539759 core:ShareCapital 2022-04-30 03539759 core:CapitalRedemptionReserve 2023-04-30 03539759 core:CapitalRedemptionReserve 2022-04-30 03539759 core:RetainedEarningsAccumulatedLosses 2023-04-30 03539759 core:RetainedEarningsAccumulatedLosses 2022-04-30 03539759 core:Vehicles 2022-04-30 03539759 core:FurnitureFittings 2022-04-30 03539759 core:Vehicles 2023-04-30 03539759 core:FurnitureFittings 2023-04-30 03539759 core:ImmediateParent core:CurrentFinancialInstruments 2023-04-30 03539759 core:ImmediateParent core:CurrentFinancialInstruments 2022-04-30 03539759 bus:OrdinaryShareClass1 2023-04-30 03539759 2022-05-01 2023-04-30 03539759 bus:FullAccounts 2022-05-01 2023-04-30 03539759 bus:SmallEntities 2022-05-01 2023-04-30 03539759 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03539759 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03539759 bus:Director1 2022-05-01 2023-04-30 03539759 bus:Director2 2022-05-01 2023-04-30 03539759 core:Vehicles core:TopRangeValue 2022-05-01 2023-04-30 03539759 core:FurnitureFittings core:BottomRangeValue 2022-05-01 2023-04-30 03539759 core:FurnitureFittings core:TopRangeValue 2022-05-01 2023-04-30 03539759 2021-05-01 2022-04-30 03539759 core:Vehicles 2022-05-01 2023-04-30 03539759 core:FurnitureFittings 2022-05-01 2023-04-30 03539759 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 03539759 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03539759 (England and Wales)

B & L CONSTRUCTION SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

B & L CONSTRUCTION SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

B & L CONSTRUCTION SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
B & L CONSTRUCTION SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 0 2,518
0 2,518
Current assets
Stocks 4 48,100 56,603
Debtors
- due within one year 5 124,446 83,392
- due after more than one year 5 1,600 0
Cash at bank and in hand 108,703 280,747
282,849 420,742
Creditors: amounts falling due within one year 6 ( 127,188) ( 265,950)
Net current assets 155,661 154,792
Total assets less current liabilities 155,661 157,310
Provision for liabilities 0 ( 630)
Net assets 155,661 156,680
Capital and reserves
Called-up share capital 7 150 150
Capital redemption reserve 252 252
Profit and loss account 155,259 156,278
Total shareholder's funds 155,661 156,680

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of B & L Construction Services Limited (registered number: 03539759) were approved and authorised for issue by the Director on 19 November 2023. They were signed on its behalf by:

Catherine Elise Fisher
Director
B & L CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
B & L CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

B & L Construction Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1a Peek House, Venny Bridge Trading Estate, Exeter, EX4 8JN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles 4 years straight line
Fixtures and fittings 6 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 9

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 May 2022 43,695 1,242 44,937
At 30 April 2023 43,695 1,242 44,937
Accumulated depreciation
At 01 May 2022 41,195 1,224 42,419
Charge for the financial year 2,500 18 2,518
At 30 April 2023 43,695 1,242 44,937
Net book value
At 30 April 2023 0 0 0
At 30 April 2022 2,500 18 2,518

4. Stocks

2023 2022
£ £
Raw materials 1,000 1,000
Work in progress 47,100 55,603
48,100 56,603

5. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 119,449 75,246
Prepayments 3,903 8,146
Other debtors 1,094 0
124,446 83,392
Debtors: amounts falling due after more than one year
Amounts owed by Parent undertakings 1,600 0

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 29,526 91,645
Amounts owed to Parent undertakings 0 49,900
Amounts owed to directors 19,596 7,816
Accruals 11,012 21,989
Taxation and social security 67,006 94,600
Other creditors 48 0
127,188 265,950

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
150 Ordinary A shares of £ 1.00 each 150 150

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Amounts owed by parent company 1,600 (49,900)

Transactions with the entity's directors

2023 2022
£ £
Amounts due to directors 19,596 7,815