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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Route One Building Consultancy Limited

Route One Building Consultancy Limited (Registered number: 06323540)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Route One Building Consultancy Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: T Brock





REGISTERED OFFICE: 19 Park Street
Croydon
CR0 1YD





REGISTERED NUMBER: 06323540 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Route One Building Consultancy Limited (Registered number: 06323540)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,338 26,606

CURRENT ASSETS
Debtors 5 129,002 77,499
Cash at bank 166,603 129,758
295,605 207,257
CREDITORS
Amounts falling due within one year 6 116,826 46,280
NET CURRENT ASSETS 178,779 160,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,117

187,583

PROVISIONS FOR LIABILITIES 7 3,584 4,966
NET ASSETS 189,533 182,617

CAPITAL AND RESERVES
Called up share capital 8 5 5
Retained earnings 189,528 182,612
SHAREHOLDERS' FUNDS 189,533 182,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 July 2024 and were signed by:





T Brock - Director


Route One Building Consultancy Limited (Registered number: 06323540)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Route One Building Consultancy 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.

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
Income comprises amounts billed, excluding VAT, under an exchange transaction with a customer when, and to the extent the Company obtains the right to consideration in exchange for its performance. Where payments are received from customers in advance of performance, corresponding revenues are deferred until the right to consideration from performance has been obtained. Similarly, where the Company has partially performed its contractual obligation, revenue is recognised to the extent that it has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Route One Building Consultancy Limited (Registered number: 06323540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 41,209 7,204 12,329 60,742
DEPRECIATION
At 1 April 2023 17,620 5,621 10,895 34,136
Charge for year 11,602 330 336 12,268
At 31 March 2024 29,222 5,951 11,231 46,404
NET BOOK VALUE
At 31 March 2024 11,987 1,253 1,098 14,338
At 31 March 2023 23,589 1,583 1,434 26,606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,004 69,023
Prepayments 17,326 4,568
Accrued income 15,672 3,908
129,002 77,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,648 -
Tax 55,503 15,731
Social security and other taxes 84 79
VAT 17,858 17,745
Directors' current accounts 30,482 753
Accrued expenses 7,251 11,972
116,826 46,280

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,584 4,966

Deferred
tax
£   
Balance at 1 April 2023 4,966
Provided during year (1,382 )
Balance at 31 March 2024 3,584

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 10p 5 5

Route One Building Consultancy Limited (Registered number: 06323540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Brock.