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COMPANY REGISTRATION NUMBER: 06323143
Belvedere Builders Limited
Filleted Unaudited Financial Statements
31 August 2023
Belvedere Builders Limited
Statement of Financial Position
31 August 2023
31 Aug 23
31 Jul 22
(restated)
Note
£
£
Current assets
Stocks
393,106
393,106
Debtors
4
20,907
37,076
Cash at bank and in hand
7,037
12,123
---------
---------
421,050
442,305
Creditors: amounts falling due within one year
5
414,938
442,302
---------
---------
Net current assets
6,112
3
-------
----
Total assets less current liabilities
6,112
3
Creditors: amounts falling due after more than one year
6
146,652
154,338
---------
---------
Net liabilities
( 140,540)
( 154,335)
---------
---------
Capital and reserves
Called up share capital
98
98
Profit and loss account
( 140,638)
( 154,433)
---------
---------
Shareholders deficit
( 140,540)
( 154,335)
---------
---------
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 income and retained earnings has not been delivered.
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Belvedere Builders Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mr S Biring
Director
Company registration number: 06323143
Belvedere Builders Limited
Notes to the Financial Statements
Period from 1 August 2022 to 31 August 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 The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on 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.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
31 Aug 23
31 Jul 22
(restated)
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
18,000
32,500
Other debtors
2,907
4,576
--------
--------
20,907
37,076
--------
--------
5. Creditors: amounts falling due within one year
31 Aug 23
31 Jul 22
(restated)
£
£
Bank loans and overdrafts
7,236
7,764
Amounts owed to group undertakings and undertakings in which the company has a participating interest
210,931
17,500
Corporation tax
3,236
5,981
Other creditors
193,535
411,057
---------
---------
414,938
442,302
---------
---------
Creditors include bank loans and overdrafts which are secured of £7,236 (2022: £7,764).
6. Creditors: amounts falling due after more than one year
31 Aug 23
31 Jul 22
(restated)
£
£
Bank loans and overdrafts
146,652
154,338
---------
---------
Creditors include bank loans and overdrafts which are secured of £146,652 (2022: £154,338).
7. Going concern
The companies liabilities exceed its assets by £140,540 as at the year end. The directors have stated that they will continue to support the company and therefore the company will continue on a going concern basis.