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REGISTERED NUMBER: NI661797 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

BUILDRITE CONSTRUCTION & MAINTENANCE LTD

BUILDRITE CONSTRUCTION & MAINTENANCE LTD (REGISTERED NUMBER: NI661797)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUILDRITE CONSTRUCTION & MAINTENANCE LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr N Graham
Mr A J McComb





REGISTERED OFFICE: 8 Dunadry Road
Dunadry
Antrim
BT41 2RR





REGISTERED NUMBER: NI661797 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

BUILDRITE CONSTRUCTION & MAINTENANCE LTD (REGISTERED NUMBER: NI661797)

Balance Sheet
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,212 25,600

CURRENT ASSETS
Stocks 210,000 28,000
Debtors 5 41,498 7,893
Cash at bank 86,580 228,164
338,078 264,057
CREDITORS
Amounts falling due within one year 6 139,631 99,113
NET CURRENT ASSETS 198,447 164,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,659

190,544

CREDITORS
Amounts falling due after more than one
year

7

(46,417

)

(57,356

)

PROVISIONS FOR LIABILITIES (3,874 ) (4,673 )
NET ASSETS 169,368 128,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 169,268 128,415
169,368 128,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BUILDRITE CONSTRUCTION & MAINTENANCE LTD (REGISTERED NUMBER: NI661797)

Balance Sheet - continued
31 MAY 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 28 March 2024 and were signed on its behalf by:




Mr N Graham - Director



Mr A J McComb - Director


BUILDRITE CONSTRUCTION & MAINTENANCE LTD (REGISTERED NUMBER: NI661797)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Buildrite Construction & Maintenance Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BUILDRITE CONSTRUCTION & MAINTENANCE LTD (REGISTERED NUMBER: NI661797)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 33,500
Additions 829
At 31 May 2023 34,329
DEPRECIATION
At 1 June 2022 7,900
Charge for year 5,217
At 31 May 2023 13,117
NET BOOK VALUE
At 31 May 2023 21,212
At 31 May 2022 25,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 29,592 -
Other debtors 11,906 7,893
41,498 7,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 6,211 6,211
Hire purchase contracts 6,624 6,264
Trade creditors 92,317 52,110
Taxation and social security 24,779 21,372
Other creditors 9,700 13,156
139,631 99,113

BUILDRITE CONSTRUCTION & MAINTENANCE LTD (REGISTERED NUMBER: NI661797)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans 35,158 39,937
Hire purchase contracts 11,259 17,419
46,417 57,356