Silverfin false 30/04/2023 01/05/2022 30/04/2023 Stephen Reginald Gallimore 22/04/2009 17 April 2024 The principal activity of the Company during the financial year was that of specialised building construction activities. 06884921 2023-04-30 06884921 bus:Director1 2023-04-30 06884921 2022-04-30 06884921 core:CurrentFinancialInstruments 2023-04-30 06884921 core:CurrentFinancialInstruments 2022-04-30 06884921 core:Non-currentFinancialInstruments 2023-04-30 06884921 core:Non-currentFinancialInstruments 2022-04-30 06884921 core:ShareCapital 2023-04-30 06884921 core:ShareCapital 2022-04-30 06884921 core:RetainedEarningsAccumulatedLosses 2023-04-30 06884921 core:RetainedEarningsAccumulatedLosses 2022-04-30 06884921 core:PlantMachinery 2022-04-30 06884921 core:Vehicles 2022-04-30 06884921 core:OfficeEquipment 2022-04-30 06884921 core:ComputerEquipment 2022-04-30 06884921 core:PlantMachinery 2023-04-30 06884921 core:Vehicles 2023-04-30 06884921 core:OfficeEquipment 2023-04-30 06884921 core:ComputerEquipment 2023-04-30 06884921 core:CurrentFinancialInstruments 10 2023-04-30 06884921 core:CurrentFinancialInstruments 10 2022-04-30 06884921 bus:OrdinaryShareClass1 2023-04-30 06884921 2022-05-01 2023-04-30 06884921 bus:FullAccounts 2022-05-01 2023-04-30 06884921 bus:SmallEntities 2022-05-01 2023-04-30 06884921 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06884921 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06884921 bus:Director1 2022-05-01 2023-04-30 06884921 core:PlantMachinery 2022-05-01 2023-04-30 06884921 core:Vehicles 2022-05-01 2023-04-30 06884921 core:OfficeEquipment 2022-05-01 2023-04-30 06884921 core:ComputerEquipment 2022-05-01 2023-04-30 06884921 2021-05-01 2022-04-30 06884921 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 06884921 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 06884921 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06884921 (England and Wales)

THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

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

THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 4,785 5,741
4,785 5,741
Current assets
Debtors 4 122,095 146,038
Cash at bank and in hand 3,110 8
125,205 146,046
Creditors: amounts falling due within one year 5 ( 105,535) ( 93,593)
Net current assets 19,670 52,453
Total assets less current liabilities 24,455 58,194
Creditors: amounts falling due after more than one year 6 ( 18,750) ( 27,750)
Net assets 5,705 30,444
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 5,605 30,344
Total shareholders' funds 5,705 30,444

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.

Director's responsibilities:

The financial statements of The Traditional Building and Restoration Company Ltd (registered number: 06884921) were approved and authorised for issue by the Director on 17 April 2024. They were signed on its behalf by:

Stephen Reginald Gallimore
Director
THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

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

The Traditional Building and Restoration Company Ltd (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 1 Higher Haye, Throwleigh, Okehampton, EX20 2HY, 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 director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

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.

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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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 the director 1 1

3. Tangible assets

Plant and machinery Vehicles Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 May 2022 13,063 12,566 1,223 802 27,654
Additions 318 0 0 216 534
At 30 April 2023 13,381 12,566 1,223 1,018 28,188
Accumulated depreciation
At 01 May 2022 9,193 11,622 902 196 21,913
Charge for the financial year 1,008 237 80 165 1,490
At 30 April 2023 10,201 11,859 982 361 23,403
Net book value
At 30 April 2023 3,180 707 241 657 4,785
At 30 April 2022 3,870 944 321 606 5,741

4. Debtors

2023 2022
£ £
Trade debtors 377 42,692
Amounts owed by director 85,587 68,882
VAT recoverable 1,667 0
Other taxation and social security 12,077 12,077
Other debtors 22,387 22,387
122,095 146,038

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 9,000 31,158
Trade creditors 30,415 5,513
Accruals 2,700 4,802
Taxation and social security 63,420 52,120
105,535 93,593

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 18,750 27,750

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts owed by directors 85,587 68,882