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Company registration number:
08330157
Comprehensive Building Consultancy Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2023
Comprehensive Building Consultancy Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Comprehensive Building Consultancy Ltd
Year ended
31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Comprehensive Building Consultancy Ltd
for the year ended
31 July 2023
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Comprehensive Building Consultancy Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Comprehensive Building Consultancy Ltd
and state those matters that we have agreed to state to the Board of Directors of
Comprehensive Building Consultancy Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Comprehensive Building Consultancy Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Comprehensive Building Consultancy Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Comprehensive Building Consultancy Ltd
. You consider that
Comprehensive Building Consultancy 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 financial statements of Comprehensive Building Consultancy 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 financial statements.
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
Comprehensive Building Consultancy Ltd
Statement of Financial Position
31 July 2023
20232022
Note££
Fixed assets    
Tangible assets 5
591,939
 
596,960
 
Current assets    
Debtors 6
29,782
 
24,157
 
Cash at bank and in hand
17,919
 
5,829
 
47,701
 
29,986
 
Creditors: amounts falling due within one year 7
(28,216
)
(31,147
)
Net current assets/(liabilities)
19,485
 
(1,161
)
Total assets less current liabilities 611,424   595,799  
Creditors: amounts falling due after more than one year 8
(384,009
)
(389,052
)
Provisions for liabilities
(7,921
)
(8,875
)
Net assets
219,494
 
197,872
 
Capital and reserves    
Called up share capital
5
 
5
 
Revaluation reserve
146,269
 
141,269
 
Profit and loss account
73,220
 
56,598
 
Shareholders funds
219,494
 
197,872
 
For the year ending
31 July 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
8 April 2024
, and are signed on behalf of the board by:
R Stuart
Director
Company registration number:
08330157
Comprehensive Building Consultancy Ltd
Notes to the Financial Statements
Year ended
31 July 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
25 Highfield Avenue
,
Sale
,
M33 3DW
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Office equipment
25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
3.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost or valuation      
At
1 August 2022
550,251
 
57,467
 
607,718
 
Additions -  
1,910
 
1,910
 
Revaluations
5,000
  -  
5,000
 
At
31 July 2023
555,251
 
59,377
 
614,628
 
Depreciation      
At
1 August 2022
-  
10,758
 
10,758
 
Charge -  
11,931
 
11,931
 
At
31 July 2023
-  
22,689
 
22,689
 
Carrying amount      
At
31 July 2023
555,251
 
36,688
 
591,939
 
At 31 July 2022
550,251
 
46,709
 
596,960
 

Investment property

6 Debtors

20232022
££
Trade debtors
21,715
 
22,103
 
Other debtors
8,067
 
2,054
 
29,782
 
24,157
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
2,027
 
2,027
 
Taxation and social security
21,961
 
8,503
 
Other creditors
4,228
 
20,617
 
28,216
 
31,147
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
313,582
 
315,578
 
Other creditors
70,427
 
73,474
 
384,009
 
389,052
 
The debenture loans and overdrafts are secured by a fixed and floating charge over the company’s assets.

9 Director's advances, credit and guarantees

The following advances and credits to director R Stuart subsisted during the years ended 31 July 2022 and 31 July 2023:
Year ended 31 July 2022
Balance at 01/08/2021: £1,139 owed to the director.
£11,187 was loaned to the company in the year
Balance at 31/07/2022: £12,326 owed to the director.
Year ended 31 July 2023
Balance at 01/08/2022: £12,326 owed to the director.
£12,251 was repaid to the director in the year
Balance at 31/07/2023: £75 owed to the director.
The above loans are unsecured, interest free and repayable on demand.

10 Controlling party

During the year ended 31 July 2023, R Stuart and C Stuart controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.