2023-01-012023-12-312023-12-31false13067945BUILD MANAGEMENT SOLUTIONS 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BUILD MANAGEMENT SOLUTIONS LTD

Registered Number
13067945
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

BUILD MANAGEMENT SOLUTIONS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

POYNTER, Daragh

Registered Address

The Old School House West Street
Ilchester
Yeovil
BA22 8NW

Registered Number

13067945 (England and Wales)
BUILD MANAGEMENT SOLUTIONS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets340,89251,733
40,89251,733
Current assets
Stocks47,000-
Debtors518,71549,428
Cash at bank and on hand12640
25,72750,068
Creditors amounts falling due within one year6(124,351)(38,221)
Net current assets (liabilities)(98,624)11,847
Total assets less current liabilities(57,732)63,580
Creditors amounts falling due after one year7(31,342)(35,595)
Net assets(89,074)27,985
Capital and reserves
Called up share capital11
Profit and loss account(89,075)27,984
Shareholders' funds(89,074)27,985
The financial statements were approved and authorised for issue by the Director on 14 August 2024, and are signed on its behalf by:
POYNTER, Daragh
Director
Registered Company No. 13067945
BUILD MANAGEMENT SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles4
Office Equipment3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year12
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 January 2350,9954,87955,874
Additions-1,6141,614
At 31 December 2350,9956,49357,488
Depreciation and impairment
At 01 January 232,6561,4854,141
Charge for year10,6241,83112,455
At 31 December 2313,2803,31616,596
Net book value
At 31 December 2337,7153,17740,892
At 31 December 2248,3393,39451,733
4.Stocks

2023

2022

££
Work in progress7,000-
Total7,000-
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables11,67448,136
Other debtors3,5891,292
Prepayments and accrued income3,452-
Total18,71549,428
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables7,99186
Taxation and social security7,54731,665
Finance lease and HP contracts4,6394,639
Other creditors104,1741,831
Total124,35138,221
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Other creditors31,34235,595
Total31,34235,595
8.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts31,34235,595