Berry Building Consultants Ltd
Registered number: 06478751
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,699 12,020
Current assets
Stocks and work in progress 49,483 57,192
Debtors 4 76,915 87,249
Cash at bank and in hand 11,315 -
137,713 144,441
Creditors: amounts falling due within one year 5 (121,536) (105,275)
Net current assets 16,177 39,166
Total assets less current liabilities 24,876 51,186
Creditors: amounts falling due after more than one year 6 (24,286) (48,176)
Net assets 590 3,010
Capital and reserves
Called up share capital 1 1
Profit and loss account 589 3,009
Shareholders' funds 590 3,010
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J.P. Berry Esq
Director
Approved by the board on 10 April 2024
Berry Building Consultants Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks and work in progress
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 16,183 30,850 47,033
Disposals - (3,500) (3,500)
At 31 January 2024 16,183 27,350 43,533
Depreciation
At 1 February 2023 15,356 19,657 35,013
Charge for the year 165 2,009 2,174
On disposals - (2,353) (2,353)
At 31 January 2024 15,521 19,313 34,834
Net book value
At 31 January 2024 662 8,037 8,699
At 31 January 2023 827 11,193 12,020
4 Debtors 2024 2023
£ £
Trade debtors 76,915 87,249
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,728 20,974
Trade creditors 69,639 46,798
Corporation tax 2,797 12,005
Other taxes and social security costs 20,374 10,932
Other creditors - directors 12,998 14,566
121,536 105,275
6 Creditors: amounts falling due after one year 2024 2023
£ £
Private loan 2,300 8,500
Bank loans 19,000 34,132
Obligations under finance lease and hire purchase contracts 2,986 5,544
24,286 48,176
7 Other information
Berry Building Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 5, Dormer Court
5 Carlton Avenue
Broadstairs
Kent
CT10 1AB
Berry Building Consultants Ltd 06478751 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts October 2023 release 2 J.P. Berry Esq No description of principal activity 06478751 2022-02-01 2023-01-31 06478751 core:WithinOneYear 2023-01-31 06478751 core:AfterOneYear 2023-01-31 06478751 core:ShareCapital 2023-01-31 06478751 core:RetainedEarningsAccumulatedLosses 2023-01-31 06478751 2023-02-01 2024-01-31 06478751 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06478751 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06478751 bus:Director40 2023-02-01 2024-01-31 06478751 1 2023-02-01 2024-01-31 06478751 2 2023-02-01 2024-01-31 06478751 core:PlantMachinery 2023-02-01 2024-01-31 06478751 core:Vehicles 2023-02-01 2024-01-31 06478751 countries:England 2023-02-01 2024-01-31 06478751 bus:FRS102 2023-02-01 2024-01-31 06478751 bus:FullAccounts 2023-02-01 2024-01-31 06478751 2024-01-31 06478751 core:WithinOneYear 2024-01-31 06478751 core:AfterOneYear 2024-01-31 06478751 core:ShareCapital 2024-01-31 06478751 core:RetainedEarningsAccumulatedLosses 2024-01-31 06478751 core:PlantMachinery 2024-01-31 06478751 core:Vehicles 2024-01-31 06478751 2023-01-31 06478751 core:PlantMachinery 2023-01-31 06478751 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure