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Company No: 04588656 (England and Wales)

BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS Mr L Battistel
Mr L Battistel
SECRETARY Mrs L Battistel
REGISTERED OFFICE 1 The Windsor Centre
Windsor Grove
London
SE27 9NT
England
United Kingdom
COMPANY NUMBER 04588656 (England and Wales)
CHARTERED ACCOUNTANTS Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

BALANCE SHEET

As at 30 November 2023
BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 35,843 4,292
35,843 4,292
Current assets
Stocks 5 69,846 201,294
Debtors 6 255,570 157,012
Cash at bank and in hand 7 217,922 499,131
543,338 857,437
Creditors: amounts falling due within one year 8 ( 224,596) ( 383,388)
Net current assets 318,742 474,049
Total assets less current liabilities 354,585 478,341
Creditors: amounts falling due after more than one year 9 ( 53,363) ( 78,024)
Net assets 301,222 400,317
Capital and reserves
Called-up share capital 8 8
Profit and loss account 301,214 400,309
Total shareholders' funds 301,222 400,317

For the financial year 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 financial statements of Battistel Shop Fitting And Building Contractors Limited (registered number: 04588656) were approved and authorised for issue by the Board of Directors on 26 June 2024. They were signed on its behalf by:

Mr L Battistel
Director
BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
BATTISTEL SHOP FITTING AND BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Battistel Shop Fitting And Building Contractors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 The Windsor Centre, Windsor Grove, London, SE27 9NT, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised when the works have been completed for goods and services provided in the normal course of business, and is shown net of VAT.

Employee benefits

Short term benefits
The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Defined contribution schemes
Payments to the defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 4 years straight line
Office equipment 6.66 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cashat bank and in hand are basic financial assets and include monies held with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 December 2022 60,000 60,000
At 30 November 2023 60,000 60,000
Accumulated amortisation
At 01 December 2022 60,000 60,000
At 30 November 2023 60,000 60,000
Net book value
At 30 November 2023 0 0
At 30 November 2022 0 0

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 December 2022 16,400 57,807 4,459 78,666
Additions 0 35,097 0 35,097
Disposals 0 ( 19,469) 0 ( 19,469)
At 30 November 2023 16,400 73,435 4,459 94,294
Accumulated depreciation
At 01 December 2022 16,400 55,938 2,036 74,374
Charge for the financial year 0 2,985 561 3,546
Disposals 0 ( 19,469) 0 ( 19,469)
At 30 November 2023 16,400 39,454 2,597 58,451
Net book value
At 30 November 2023 0 33,981 1,862 35,843
At 30 November 2022 0 1,869 2,423 4,292

5. Stocks

2023 2022
£ £
Work in progress 69,846 201,294

6. Debtors

2023 2022
£ £
Trade debtors 246,888 154,345
Other debtors 8,682 2,667
255,570 157,012

7. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 217,922 499,131

8. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 30,000 30,000
Trade creditors 22,002 69,394
Taxation and social security 130,478 196,292
Other creditors 42,116 87,702
224,596 383,388

9. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 53,363 78,024

There are no amounts included above in respect of which any security has been given by the small entity.