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Registration number: 14460512

1314 Builder Ltd

Unaudited Filleted Financial Statements

for the Period from 3 November 2022 to 30 November 2023

 

1314 Builder Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

1314 Builder Ltd

Company Information

Directors

Mr Julio Machado de Faria

Mr Rafael Machado De Faria

Registered office

24 Mansfield Avenue
London
N15 4HW

Accountants

Loyal Accountancy Ltd
Suite 2.04
Oxford House
49 Oxford Road
London
N4 3EY

 

1314 Builder Ltd

(Registration number: 14460512)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Tangible assets

3

17,965

Current assets

 

Cash at bank and in hand

 

30,603

Creditors: Amounts falling due within one year

4

(184,236)

Net current liabilities

 

(153,633)

Net liabilities

 

(135,668)

Capital and reserves

 

Called up share capital

5

100

Retained earnings

(135,768)

Shareholders' deficit

 

(135,668)

 

1314 Builder Ltd

(Registration number: 14460512)
Balance Sheet as at 30 November 2023

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 January 2024 and signed on its behalf by:
 

.........................................
Mr Julio Machado de Faria
Director

.........................................
Mr Rafael Machado De Faria
Director

 

1314 Builder Ltd

Notes to the Unaudited Financial Statements for the Period from 3 November 2022 to 30 November 2023

1

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

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% reduce balance

 

1314 Builder Ltd

Notes to the Unaudited Financial Statements for the Period from 3 November 2022 to 30 November 2023

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 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

1314 Builder Ltd

Notes to the Unaudited Financial Statements for the Period from 3 November 2022 to 30 November 2023

3

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

23,953

23,953

At 30 November 2023

23,953

23,953

Depreciation

Charge for the period

5,988

5,988

At 30 November 2023

5,988

5,988

Carrying amount

At 30 November 2023

17,965

17,965

4

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

6,145

Taxation and social security

12,056

Other creditors

166,035

184,236

5

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     
 

1314 Builder Ltd

Notes to the Unaudited Financial Statements for the Period from 3 November 2022 to 30 November 2023

6

Related party transactions

Directors' remuneration

The directors' remuneration for the period was as follows:

2023
£

Remuneration

28,800