IRIS Accounts Production v23.4.0.336 03397328 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033973282022-07-31033973282023-07-31033973282022-08-012023-07-31033973282021-07-31033973282021-08-012022-07-31033973282022-07-3103397328ns15:EnglandWales2022-08-012023-07-3103397328ns14:PoundSterling2022-08-012023-07-3103397328ns10:Director12022-08-012023-07-3103397328ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3103397328ns10:SmallEntities2022-08-012023-07-3103397328ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3103397328ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3103397328ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3103397328ns10:FullAccounts2022-08-012023-07-3103397328ns10:OrdinaryShareClass12022-08-012023-07-3103397328ns10:Director22022-08-012023-07-3103397328ns10:RegisteredOffice2022-08-012023-07-3103397328ns5:CurrentFinancialInstruments2023-07-3103397328ns5:CurrentFinancialInstruments2022-07-3103397328ns5:Non-currentFinancialInstruments2023-07-3103397328ns5:Non-currentFinancialInstruments2022-07-3103397328ns5:ShareCapital2023-07-3103397328ns5:ShareCapital2022-07-3103397328ns5:RetainedEarningsAccumulatedLosses2023-07-3103397328ns5:RetainedEarningsAccumulatedLosses2022-07-3103397328ns5:PlantMachinery2022-08-012023-07-3103397328ns5:PlantMachinery2022-07-3103397328ns5:PlantMachinery2023-07-3103397328ns5:PlantMachinery2022-07-3103397328ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3103397328ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3103397328ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 03397328 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

BEXWELL CONSTRUCTION LIMITED

BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEXWELL CONSTRUCTION LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: W R Swaby
T L Swaby





REGISTERED OFFICE: Spitalfields House
1st Floor
Stirling Way
Borehamwood
WD6 2FX





REGISTERED NUMBER: 03397328 (England and Wales)





ACCOUNTANTS: Primera Accountants Limited
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,192 10,632

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 1,716,865 829,887
Cash at bank and in hand 2,577 17,717
1,721,442 849,604
CREDITORS
Amounts falling due within one year 6 (1,205,455 ) (350,266 )
NET CURRENT ASSETS 515,987 499,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,179

509,970

CREDITORS
Amounts falling due after more than one
year

7

(19,004

)

(28,768

)
NET ASSETS 508,175 481,202

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 508,075 481,102
SHAREHOLDERS' FUNDS 508,175 481,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)

Balance Sheet - continued
31 July 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





T L Swaby - Director


BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bexwell Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have considered the company’s financial resources and performance and believe that the company is well placed to manage its business risks successfully and that the company has adequate resources to continue in operational existence for the foreseeable future. Consequently, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 39,060
Additions 13,990
Disposals (11,094 )
At 31 July 2023 41,956
DEPRECIATION
At 1 August 2022 28,428
Charge for year 6,818
Eliminated on disposal (4,482 )
At 31 July 2023 30,764
NET BOOK VALUE
At 31 July 2023 11,192
At 31 July 2022 10,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 1,568,686 644,612
Amounts owed by participating interests 133,270 161,773
Other debtors 14,909 23,502
1,716,865 829,887

BEXWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 03397328)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 56,196 63,331
Amounts owed to participating interests - 5,365
Taxation and social security 31,361 9,447
Other creditors 1,107,898 262,123
1,205,455 350,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 19,004 28,768

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

Included in debtors amounts falling due within one year is an amount of £133,271 (2022: £156,418) owed by related companies.

This balance arose as a result of financing transactions during the year.