Capital Brickwork Ltd 14467711 false 2022-11-07 2024-04-30 2024-04-30 The principal activity of the company is brickwork contractors Digita Accounts Production Advanced 6.30.9574.0 true true 14467711 2022-11-07 2024-04-30 14467711 2024-04-30 14467711 core:CurrentFinancialInstruments 2024-04-30 14467711 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14467711 core:FurnitureFittingsToolsEquipment 2024-04-30 14467711 bus:SmallEntities 2022-11-07 2024-04-30 14467711 bus:AuditExemptWithAccountantsReport 2022-11-07 2024-04-30 14467711 bus:FilletedAccounts 2022-11-07 2024-04-30 14467711 bus:SmallCompaniesRegimeForAccounts 2022-11-07 2024-04-30 14467711 bus:RegisteredOffice 2022-11-07 2024-04-30 14467711 bus:Director1 2022-11-07 2024-04-30 14467711 bus:PrivateLimitedCompanyLtd 2022-11-07 2024-04-30 14467711 core:FurnitureFittingsToolsEquipment 2022-11-07 2024-04-30 14467711 core:OfficeEquipment 2022-11-07 2024-04-30 14467711 countries:EnglandWales 2022-11-07 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 14467711

Capital Brickwork Ltd

Unaudited Filleted Financial Statements

for the Period from 7 November 2022 to 30 April 2024

 

Capital Brickwork Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Capital Brickwork Ltd

(Registration number: 14467711)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

354

Current assets

 

Stocks

5

71,893

Debtors

6

147,015

Cash at bank and in hand

 

46,663

 

265,571

Creditors: Amounts falling due within one year

7

(204,709)

Net current assets

 

60,862

Net assets

 

61,216

Capital and reserves

 

Called up share capital

100

Retained earnings

61,116

Shareholders' funds

 

61,216

For the financial period ending 30 April 2024 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 period 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 7 August 2024 and signed on its behalf by:
 

.........................................
Mr A Lee
Director

 

Capital Brickwork Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 30 April 2024

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:
86-90 Paul Street
London
England
EC2A 4NE
United Kingdom

These financial statements were authorised for issue by the Board on 7 August 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 in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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 in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Tax

The tax expense for the period comprises current 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.

 

Capital Brickwork Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 30 April 2024

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.

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

Office equipment

25% reducing balance

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.

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.

 

Capital Brickwork Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 30 April 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Capital Brickwork Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

485

485

At 30 April 2024

485

485

Depreciation

Charge for the period

131

131

At 30 April 2024

131

131

Carrying amount

At 30 April 2024

354

354

5

Stocks

2024
£

Work in progress

71,893

6

Debtors

Current

2024
£

Trade debtors

74,008

Other debtors

73,007

 

147,015

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

80,548

Taxation and social security

37,604

Accruals and deferred income

1,500

Other creditors

85,057

204,709