Total Refurbishment and Build Solutions Limited 09227609 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is refurbishment and building solutions Digita Accounts Production Advanced 6.30.9574.0 true true 09227609 2023-04-01 2024-03-31 09227609 2024-03-31 09227609 bus:OrdinaryShareClass1 2024-03-31 09227609 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 09227609 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 09227609 core:CurrentFinancialInstruments 2024-03-31 09227609 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09227609 core:Non-currentFinancialInstruments 2024-03-31 09227609 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09227609 core:FurnitureFittings 2024-03-31 09227609 core:MotorVehicles 2024-03-31 09227609 core:PlantMachinery 2024-03-31 09227609 bus:SmallEntities 2023-04-01 2024-03-31 09227609 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09227609 bus:FilletedAccounts 2023-04-01 2024-03-31 09227609 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09227609 bus:RegisteredOffice 2023-04-01 2024-03-31 09227609 bus:Director1 2023-04-01 2024-03-31 09227609 bus:Director2 2023-04-01 2024-03-31 09227609 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09227609 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09227609 core:FurnitureFittings 2023-04-01 2024-03-31 09227609 core:MotorVehicles 2023-04-01 2024-03-31 09227609 core:PlantMachinery 2023-04-01 2024-03-31 09227609 countries:England 2023-04-01 2024-03-31 09227609 2023-03-31 09227609 core:FurnitureFittings 2023-03-31 09227609 core:MotorVehicles 2023-03-31 09227609 core:PlantMachinery 2023-03-31 09227609 2022-04-01 2023-03-31 09227609 2023-03-31 09227609 bus:OrdinaryShareClass1 2023-03-31 09227609 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 09227609 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 09227609 core:CurrentFinancialInstruments 2023-03-31 09227609 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09227609 core:Non-currentFinancialInstruments 2023-03-31 09227609 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09227609 core:FurnitureFittings 2023-03-31 09227609 core:MotorVehicles 2023-03-31 09227609 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09227609

Total Refurbishment and Build Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Total Refurbishment and Build Solutions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Total Refurbishment and Build Solutions Limited

Company Information

Directors

Antonio Cacciatore

Gerlando Cacciatore

Registered office

13 Trysull Gardens
Wolverhampton
West Midlands
WV3 7LD

Accountants

N Clarke Accountancy Ltd
52 Poplar Road
Norton
Stourbridge
West Midlands
DY8 3BD

 

Total Refurbishment and Build Solutions Limited

(Registration number: 09227609)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

47,332

27,522

Current assets

 

Stocks

5

80,576

93,697

Debtors

6

121,226

67,332

Cash at bank and in hand

 

41,326

18,341

 

243,128

179,370

Creditors: Amounts falling due within one year

7

(294,146)

(288,488)

Net current liabilities

 

(51,018)

(109,118)

Total assets less current liabilities

 

(3,686)

(81,596)

Creditors: Amounts falling due after more than one year

7

(84,539)

(78,422)

Net liabilities

 

(88,225)

(160,018)

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

(89,225)

(161,018)

Shareholders' deficit

 

(88,225)

(160,018)

For the financial year ending 31 March 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 year 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 4 September 2024 and signed on its behalf by:
 

 

Total Refurbishment and Build Solutions Limited

(Registration number: 09227609)
Balance Sheet as at 31 March 2024

.........................................
Gerlando Cacciatore
Director

 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
13 Trysull Gardens
Wolverhampton
West Midlands
WV3 7LD
United Kingdom

These financial statements were authorised for issue by the Board on 4 September 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 using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

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

Motor vehicles

25% straight line

Fixtures and fittings

15% straight line

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.

 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 11).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

24,428

3,000

54,844

82,272

Additions

-

-

39,057

39,057

At 31 March 2024

24,428

3,000

93,901

121,329

Depreciation

At 1 April 2023

24,428

-

30,322

54,750

Charge for the year

-

450

18,797

19,247

At 31 March 2024

24,428

450

49,119

73,997

Carrying amount

At 31 March 2024

-

2,550

44,782

47,332

At 31 March 2023

-

3,000

24,522

27,522

5

Stocks

2024
£

2023
£

Work in progress

80,576

93,697

6

Debtors

Current

2024
£

2023
£

Trade debtors

120,726

66,832

Prepayments

500

500

 

121,226

67,332

 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

17,156

10,150

Trade creditors

 

76,708

64,979

Taxation and social security

 

34,408

71,496

Accruals and deferred income

 

2,500

3,500

Other creditors

 

163,374

138,363

 

294,146

288,488

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

84,539

78,422

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       
 

Total Refurbishment and Build Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,357

23,358

Hire purchase contracts

22,779

-

Other borrowings

48,403

55,064

84,539

78,422

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,150

Hire purchase contracts

7,156

-

17,156

10,150