Building Link Design Limited 04377549 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is architecture and project management. Digita Accounts Production Advanced 6.30.9574.0 true true 04377549 2022-09-01 2023-08-31 04377549 2023-08-31 04377549 core:RetainedEarningsAccumulatedLosses 2023-08-31 04377549 core:ShareCapital 2023-08-31 04377549 core:CurrentFinancialInstruments 2023-08-31 04377549 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 04377549 core:Goodwill 2023-08-31 04377549 core:FurnitureFittingsToolsEquipment 2023-08-31 04377549 bus:SmallEntities 2022-09-01 2023-08-31 04377549 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04377549 bus:FullAccounts 2022-09-01 2023-08-31 04377549 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04377549 bus:RegisteredOffice 2022-09-01 2023-08-31 04377549 bus:Director3 2022-09-01 2023-08-31 04377549 bus:Director6 2022-09-01 2023-08-31 04377549 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04377549 core:Goodwill 2022-09-01 2023-08-31 04377549 core:FurnitureFittings 2022-09-01 2023-08-31 04377549 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 04377549 1 2022-09-01 2023-08-31 04377549 countries:EnglandWales 2022-09-01 2023-08-31 04377549 2022-08-31 04377549 core:Goodwill 2022-08-31 04377549 core:FurnitureFittingsToolsEquipment 2022-08-31 04377549 2021-09-01 2022-08-31 04377549 2022-08-31 04377549 core:RetainedEarningsAccumulatedLosses 2022-08-31 04377549 core:ShareCapital 2022-08-31 04377549 core:CurrentFinancialInstruments 2022-08-31 04377549 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 04377549 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-08-31 04377549 core:Goodwill 2022-08-31 04377549 core:FurnitureFittingsToolsEquipment 2022-08-31 04377549 core:PreviouslyStatedAmount 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 04377549

Building Link Design Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Building Link Design Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

Building Link Design Limited

(Registration number: 04377549)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

10,104

9,996

 

10,105

9,997

Current assets

 

Stocks

6

9,507

14,008

Debtors

7

193,283

211,653

Cash at bank and in hand

 

326,885

211,550

 

529,675

437,211

Creditors: Amounts falling due within one year

8

(106,762)

(123,344)

Net current assets

 

422,913

313,867

Total assets less current liabilities

 

433,018

323,864

Provisions for liabilities

(2,526)

(1,899)

Net assets

 

430,492

321,965

Capital and reserves

 

Called up share capital

5,520

5,520

Retained earnings

424,972

316,445

Shareholders' funds

 

430,492

321,965

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 April 2024 and signed on its behalf by:
 

 

Building Link Design Limited

(Registration number: 04377549)
Balance Sheet as at 31 August 2023

.........................................
Mr D W Roe
Director

.........................................
Mr S Marsh
Director

 
     
 

Building Link Design Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Thorne Road
Doncaster
South Yorkshire
DN1 2HG

These financial statements were authorised for issue by the Board on 21 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Building Link Design Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Building Link Design Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 7).

 

Building Link Design Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2022

174,455

174,455

At 31 August 2023

174,455

174,455

Amortisation

At 1 September 2022

174,454

174,454

At 31 August 2023

174,454

174,454

Carrying amount

At 31 August 2023

1

1

At 31 August 2022

1

1

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

91,015

91,015

Additions

3,334

3,334

At 31 August 2023

94,349

94,349

Depreciation

At 1 September 2022

81,019

81,019

Charge for the year

3,226

3,226

At 31 August 2023

84,245

84,245

Carrying amount

At 31 August 2023

10,104

10,104

At 31 August 2022

9,996

9,996

 

Building Link Design Limited

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

6

Stocks

2023
£

2022
£

Work in progress

9,507

14,008

7

Debtors

2023
£

2022
£

Trade debtors

116,925

170,903

Other debtors

-

73

Prepayments

9,261

7,296

Gross amount due from customers for contract work

67,097

33,381

193,283

211,653

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

5,865

12,591

Amounts owed to related parties

9,739

11,047

Taxation and social security

 

28,849

51,848

Corporation tax

 

54,328

38,821

Other creditors

 

833

235

Accrued expenses

 

7,148

8,802

 

106,762

123,344

9

Parent and ultimate parent undertaking

The company's immediate parent is Building Link Design Holdings Limited, incorporated in England and Wales.