Company Registration No. 12265012 (England and Wales)
CONCEPT DESIGN BUILDERS LTD
Unaudited accounts
for the year ended 31 October 2023
CONCEPT DESIGN BUILDERS LTD
Unaudited accounts
Contents
CONCEPT DESIGN BUILDERS LTD
Company Information
for the year ended 31 October 2023
Company Number
12265012 (England and Wales)
Registered Office
APEX HOUSE, 2ND FLOOR
GRAND ARCADE
LONDON
N12 0EH
ENGLAND
Accountants
Agents For Accounting Ltd
Apex House, 2nd Floor
Grand Arcade
London
N12 0EH
CONCEPT DESIGN BUILDERS LTD
Statement of financial position
as at 31 October 2023
Tangible assets
22,852
31,753
Cash at bank and in hand
51,761
30,477
Creditors: amounts falling due within one year
(47,440)
(20,652)
Net current assets
10,004
24,675
Total assets less current liabilities
32,856
56,428
Creditors: amounts falling due after more than one year
(12,103)
(19,232)
Provisions for liabilities
Deferred tax
(6,034)
(6,034)
Called up share capital
100
100
Profit and loss account
14,619
31,062
Shareholders' funds
14,719
31,162
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
Aleksander Xhika
Director
Company Registration No. 12265012
CONCEPT DESIGN BUILDERS LTD
Notes to the Accounts
for the year ended 31 October 2023
CONCEPT DESIGN BUILDERS LTD is a private company, limited by shares, registered in England and Wales, registration number 12265012. The registered office is APEX HOUSE, 2ND FLOOR , GRAND ARCADE, LONDON, N12 0EH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line Method - 25%
Motor vehicles
Straight Line Method - 20%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
5,131
42,507
47,638
At 31 October 2023
5,131
42,507
47,638
At 1 November 2022
3,849
12,036
15,885
Charge for the year
1,283
7,618
8,901
At 31 October 2023
5,132
19,654
24,786
At 31 October 2023
(1)
22,853
22,852
At 31 October 2022
1,282
30,471
31,753
CONCEPT DESIGN BUILDERS LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Other debtors
5,683
14,350
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,492
37,885
Obligations under finance leases and hire purchase contracts
5,092
5,091
Taxes and social security
48,152
36,876
Other creditors
2,117
1,473
Loans from directors
(77,646)
(74,235)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,103
19,232
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
9
Capital contribution reserve
This reserve records retained earnings and accumulated losses. Errors must be corrected by way of a prior year adjustment if the error is material. FRS 102 refers to the correction of material prior year errors but does require only material prior period errors to be corrected retrospectively.
The dividend figures in the comparative for the accounts for the year ended 31 October 2022 has been restated as the directors loan amount was included in dividends. The comparative figures for year ended 31 October 2022 for director's account (debit figure of £55,000) has been restated on the comparatives along with director's loan account (with a credit figure of £55,000) on the accounts for year the ended 31 October 2023.
Included in other debtors is a balance of £77,645 owed by the director of the company. part of directors loan made during the year was cleared by a dividend voucher of £23,500 on 6 April 2024. This balance is unsecured and interest free, with no fixed repayment terms.
CONCEPT DESIGN BUILDERS LTD
Notes to the Accounts
for the year ended 31 October 2023
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).