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COMPANY REGISTRATION NUMBER: 14489982
Berrowhill Builders Ltd
Filleted Unaudited Financial Statements
30 November 2023
Berrowhill Builders Ltd
Financial Statements
Period from 17 November 2022 to 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Berrowhill Builders Ltd
Statement of Financial Position
30 November 2023
30 Nov 23
Note
£
£
Fixed assets
Intangible assets
5
135,000
Tangible assets
6
24,216
---------
159,216
Current assets
Debtors
7
93,593
Cash at bank and in hand
153,415
---------
247,008
Creditors: amounts falling due within one year
8
298,031
---------
Net current liabilities
51,023
---------
Total assets less current liabilities
108,193
Provisions
6,054
---------
Net assets
102,139
---------
Berrowhill Builders Ltd
Statement of Financial Position (continued)
30 November 2023
30 Nov 23
Note
£
£
Capital and reserves
Called up share capital
9
100
Profit and loss account
102,039
---------
Shareholders funds
102,139
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 November 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 July 2024 , and are signed on behalf of the board by:
A R Dyson
J Green
Director
Director
Company registration number: 14489982
Berrowhill Builders Ltd
Notes to the Financial Statements
Period from 17 November 2022 to 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the fair value of services provided to the extent that there is a right to consideration. It is measured at the fair value of the consideration due.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Intangible assets
Goodwill
£
Cost
Additions
150,000
---------
At 30 November 2023
150,000
---------
Amortisation
Charge for the period
15,000
---------
At 30 November 2023
15,000
---------
Carrying amount
At 30 November 2023
135,000
---------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 17 November 2022
Additions
31,750
538
32,288
--------
----
--------
At 30 November 2023
31,750
538
32,288
--------
----
--------
Depreciation
At 17 November 2022
Charge for the period
7,938
134
8,072
--------
----
--------
At 30 November 2023
7,938
134
8,072
--------
----
--------
Carrying amount
At 30 November 2023
23,812
404
24,216
--------
----
--------
7. Debtors
30 Nov 23
£
Trade debtors
36,347
Other debtors
57,246
--------
93,593
--------
8. Creditors: amounts falling due within one year
30 Nov 23
£
Trade creditors
1,304
Social security and other taxes
45,448
Other creditors
110,000
Other creditors
141,279
---------
298,031
---------
9. Called up share capital
Issued, called up and fully paid
30 Nov 23
No.
£
Ordinary shares of £ 1 each
100
100
----
----