BrightAccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principle activity is the development and construction of commercial and domestic buildings. 19 January 2024 1 1 NI639001 2023-06-30 NI639001 2022-06-30 NI639001 2021-06-30 NI639001 2022-07-01 2023-06-30 NI639001 2021-07-01 2022-06-30 NI639001 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI639001 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI639001 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI639001 uk-bus:FullAccounts 2022-07-01 2023-06-30 NI639001 uk-core:ShareCapital 2023-06-30 NI639001 uk-core:ShareCapital 2022-06-30 NI639001 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI639001 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI639001 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI639001 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI639001 uk-bus:FRS102 2022-07-01 2023-06-30 NI639001 uk-core:Goodwill 2022-07-01 2023-06-30 NI639001 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 NI639001 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI639001 uk-core:Goodwill 2022-06-30 NI639001 uk-core:Goodwill 2023-06-30 NI639001 uk-core:CurrentFinancialInstruments 2023-06-30 NI639001 uk-core:CurrentFinancialInstruments 2022-06-30 NI639001 uk-core:CurrentFinancialInstruments 2023-06-30 NI639001 uk-core:CurrentFinancialInstruments 2022-06-30 NI639001 uk-core:WithinOneYear 2023-06-30 NI639001 uk-core:WithinOneYear 2022-06-30 NI639001 uk-core:WithinOneYear 2023-06-30 NI639001 uk-core:WithinOneYear 2022-06-30 NI639001 uk-core:EmployeeBenefits 2022-06-30 NI639001 uk-core:EmployeeBenefits 2022-07-01 2023-06-30 NI639001 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 NI639001 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-06-30 NI639001 uk-core:OtherDeferredTax 2023-06-30 NI639001 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-06-30 NI639001 uk-core:EmployeeBenefits 2023-06-30 NI639001 2022-07-01 2023-06-30 NI639001 uk-bus:Director1 2022-07-01 2023-06-30 NI639001 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI639001
 
 
NI Total Building Services Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2023
NI Total Building Services Ltd
Company Registration Number: NI639001
BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 19,084 30,974
───────── ─────────
 
Current Assets
Stocks 6 8,363 30,536
Debtors 7 135,710 107,423
Cash and cash equivalents 4,175 -
───────── ─────────
148,248 137,959
───────── ─────────
Creditors: amounts falling due within one year 8 (138,073) (138,503)
───────── ─────────
Net Current Assets/(Liabilities) 10,175 (544)
───────── ─────────
Total Assets less Current Liabilities 29,259 30,430
 
Creditors:
amounts falling due after more than one year 9 (15,804) (21,281)
 
Provisions for liabilities 11 (3,110) (5,011)
───────── ─────────
Net Assets 10,345 4,138
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 10,344 4,137
───────── ─────────
Equity attributable to owners of the company 10,345 4,138
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 19 January 2024
           
           
________________________________          
Mr. Oliver Brogan          
Director          
           



NI Total Building Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
NI Total Building Services Ltd is a company limited by shares incorporated in Northern Ireland. 5a Temple Road, Upper Ballinderry, Lisburn, Co Antrim, BT28 2PD, Northern Ireland is the registered office, which is also the principal place of business of the company. The principle activity is the development and construction of commercial and domestic buildings. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director,during the financial year was as follows:
 
  2023 2022
  Number Number
 
Employees 1 1
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2022 11,000 11,000
  ───────── ─────────
 
At 30 June 2023 11,000 11,000
  ───────── ─────────
Amortisation
 
At 30 June 2023 11,000 11,000
  ───────── ─────────
Net book value
At 30 June 2023 - -
  ═════════ ═════════
         
5. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 July 2022 46,094 17,838 63,932
Disposals - (9,188) (9,188)
  ───────── ───────── ─────────
At 30 June 2023 46,094 8,650 54,744
  ───────── ───────── ─────────
Depreciation
At 1 July 2022 25,660 7,298 32,958
Charge for the financial year 4,087 912 4,999
On disposals - (2,297) (2,297)
  ───────── ───────── ─────────
At 30 June 2023 29,747 5,913 35,660
  ───────── ───────── ─────────
Net book value
At 30 June 2023 16,347 2,737 19,084
  ═════════ ═════════ ═════════
At 30 June 2022 20,434 10,540 30,974
  ═════════ ═════════ ═════════
       
6. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 8,363 30,536
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2023 2022
  £ £
 
Trade debtors 18,427 33,715
Amounts owed by group undertakings 117,283 73,708
  ───────── ─────────
  135,710 107,423
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank overdrafts - 3,381
HP & Loans 6,851 8,225
Trade creditors 10,725 27,118
Taxation  (Note 10) 118,997 98,279
Accruals 1,500 1,500
  ───────── ─────────
  138,073 138,503
  ═════════ ═════════
       
9. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Other loans 15,804 21,281
  ═════════ ═════════
 
       
10. Taxation 2023 2022
  £ £
 
Creditors:
VAT 73,769 58,950
Corporation tax 41,791 39,329
PAYE / NI 3,437 -
  ───────── ─────────
  118,997 98,279
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 5,011 5,011 5,011
Charged to profit and loss (1,901) (1,901) -
  ───────── ───────── ─────────
At financial year end 3,110 3,110 5,011
  ═════════ ═════════ ═════════
           
12. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.