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REGISTERED NUMBER: 02883570 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

BB Construction Limited

BB Construction Limited (Registered number: 02883570)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BB Construction Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A Witter
D Elliston
M Phillips





SECRETARY: M Phillips





REGISTERED OFFICE: Chapel Lane
Great Blakenham
Ipswich
Suffolk
IP6 0JT





REGISTERED NUMBER: 02883570 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

BB Construction Limited (Registered number: 02883570)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,785 39,913

CURRENT ASSETS
Debtors 5 170,338 190,659
Cash at bank 219,871 249,958
390,209 440,617
CREDITORS
Amounts falling due within one year 6 285,806 349,917
NET CURRENT ASSETS 104,403 90,700
TOTAL ASSETS LESS CURRENT LIABILITIES 143,188 130,613

CREDITORS
Amounts falling due after more than one
year

7

(16,672

)

(26,672

)

PROVISIONS FOR LIABILITIES 10 (6,066 ) (6,197 )
NET ASSETS 120,450 97,744

CAPITAL AND RESERVES
Called up share capital 11 15,000 15,000
Retained earnings 105,450 82,744
SHAREHOLDERS' FUNDS 120,450 97,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BB Construction Limited (Registered number: 02883570)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




A Witter - Director



M Phillips - Director


BB Construction Limited (Registered number: 02883570)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

BB Construction Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Amounts recoverable on contracts - In determining the carrying value of amounts recoverable on contracts, the directors regularly review each contact using their experience and detailed contract data in order to determine whether any amounts are considered irrecoverable. Such amounts are written off as identified.

Turnover
Turnover represents the value of work invoiced during the year, excluding VAT, and with respect to long term contracts turnover is recognised by reference to valuations of the work completed at the Statement of Financial Position date. Any such amounts not invoiced at the year end are recognised as amounts recoverable on contract. Contract amounts considered irrecoverable are written off as identified.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance

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

BB Construction Limited (Registered number: 02883570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

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 19 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 76,523 21,299 69,614 167,436
Additions - 274 7,500 7,774
At 30 November 2023 76,523 21,573 77,114 175,210
DEPRECIATION
At 1 December 2022 74,041 20,049 33,433 127,523
Charge for year 833 584 7,485 8,902
At 30 November 2023 74,874 20,633 40,918 136,425
NET BOOK VALUE
At 30 November 2023 1,649 940 36,196 38,785
At 30 November 2022 2,482 1,250 36,181 39,913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,954 133,426
Amounts owed by group undertakings 162 481
Amounts owed by related undertakings 30,519 -
Amounts recoverable on contract 104,863 54,034
Other debtors 5,840 2,718
170,338 190,659

BB Construction Limited (Registered number: 02883570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 77,950 111,453
Amounts owed to group undertakings 161,701 154,148
Taxation and social security 29,028 50,507
Other creditors 7,127 23,809
285,806 349,917

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 16,672 26,672

8. LOANS

The loan balance relates to a bounce back loan guaranteed by the Government.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 31,841 -
Between one and five years 92,869 -
124,710 -

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 6,066 6,197

Deferred
tax
£   
Balance at 1 December 2022 6,197
Credit to Statement of Income and Retained Earnings during year (131 )
Balance at 30 November 2023 6,066

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15,000 Ordinary £1 15,000 15,000