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REGISTERED NUMBER: 06503996 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Co & Builder Ltd

Co & Builder Ltd (Registered number: 06503996)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Co & Builder Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr C Berbec





SECRETARY: Ms L Kryvshych





REGISTERED OFFICE: 44 Beaconsfield Road
London
SE9 4DP





REGISTERED NUMBER: 06503996 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Co & Builder Ltd (Registered number: 06503996)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,502 137,366

CURRENT ASSETS
Stocks 5 7,867 7,238
Debtors 6 914,921 1,162,387
Cash at bank and in hand 809,483 453,040
1,732,271 1,622,665
CREDITORS
Amounts falling due within one
year

7

364,372

221,502
NET CURRENT ASSETS 1,367,899 1,401,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,558,401

1,538,529

CREDITORS
Amounts falling due after more
than one year

8

21,232

613
NET ASSETS 1,537,169 1,537,916

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,537,069 1,537,816
SHAREHOLDERS' FUNDS 1,537,169 1,537,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Co & Builder Ltd (Registered number: 06503996)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





Mr C Berbec - Director


Co & Builder Ltd (Registered number: 06503996)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Co & Builder Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Co & Builder Ltd (Registered number: 06503996)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 260,351 129,411 14,996 404,758
Additions 61,828 86,175 7,701 155,704
Disposals (164,629 ) - - (164,629 )
At 29 February 2024 157,550 215,586 22,697 395,833
DEPRECIATION
At 1 March 2023 209,713 47,599 10,080 267,392
Charge for year 18,349 41,997 3,154 63,500
Eliminated on disposal (125,561 ) - - (125,561 )
At 29 February 2024 102,501 89,596 13,234 205,331
NET BOOK VALUE
At 29 February 2024 55,049 125,990 9,463 190,502
At 28 February 2023 50,638 81,812 4,916 137,366

5. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 7,867 7,238

6. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 88,488 133,219
Other debtors 116,451 104,186
204,939 237,405

Amounts falling due after more than one year:
Other debtors 709,982 924,982

Aggregate amounts 914,921 1,162,387

Co & Builder Ltd (Registered number: 06503996)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 3,466 7,361
Trade creditors 32,523 37,054
Taxation and social security 189,460 88,132
Other creditors 138,923 88,955
364,372 221,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 21,232 613

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
80 Ordinary £1 80 80
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2023 1,537,816
Profit for the year 333,753
Dividends (334,500 )
At 29 February 2024 1,537,069

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr C Berbec
Balance outstanding at start of year 1,198 59
Amounts advanced - 1,139
Amounts repaid (709 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 489 1,198

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 (2023 - £125,000) were paid to the director .

Co & Builder Ltd (Registered number: 06503996)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Berbec.

By virtue of being the sole director of the company and controls more than 80% of the ordinary share capital of the company.