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REGISTERED NUMBER: 05976576 (England and Wales)












Ron Bullock Building Contractors Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Ron Bullock Building Contractors Limited (Registered number: 05976576)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ron Bullock Building Contractors Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs S Johns
Mrs N A Brady





SECRETARY: Mrs N A Brady





REGISTERED OFFICE: Unit 2 Dunheved Court
Pennygillam Way
Pennygillam Industrial Estate
Launceston
Cornwall
PL15 7ED





REGISTERED NUMBER: 05976576 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Ron Bullock Building Contractors Limited (Registered number: 05976576)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,631 25,228
20,631 25,228

CURRENT ASSETS
Stocks 250,944 249,870
Debtors 6 476,368 457,806
Cash at bank 148,337 178,666
875,649 886,342
CREDITORS
Amounts falling due within one year 7 21,206 7,389
NET CURRENT ASSETS 854,443 878,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

875,074

904,181

PROVISIONS FOR LIABILITIES 1,719 2,452
NET ASSETS 873,355 901,729

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 873,255 901,629
SHAREHOLDERS' FUNDS 873,355 901,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th September 2024 and were signed on its behalf by:





Mrs S Johns - Director


Ron Bullock Building Contractors Limited (Registered number: 05976576)

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

1. STATUTORY INFORMATION

Ron Bullock Building Contractors 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.

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.

Turnover
Turnover represents the value of goods and services provided, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2023 - 2 ) .

Ron Bullock Building Contractors Limited (Registered number: 05976576)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 50,000
AMORTISATION
At 1st April 2023
and 31st March 2024 50,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 26,520 62,084 88,604
DEPRECIATION
At 1st April 2023 15,005 48,371 63,376
Charge for year 1,169 3,428 4,597
At 31st March 2024 16,174 51,799 67,973
NET BOOK VALUE
At 31st March 2024 10,346 10,285 20,631
At 31st March 2023 11,515 13,713 25,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 476,368 457,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 139 6,189
Taxation and social security 19,452 -
Other creditors 1,615 1,200
21,206 7,389

Ron Bullock Building Contractors Limited (Registered number: 05976576)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mrs S Johns
Balance outstanding at start of year 24,568 155,346
Amounts advanced 39,242 18,808
Amounts repaid (2,934 ) (149,586 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,876 24,568

Mrs N A Brady
Balance outstanding at start of year 275,623 296,461
Amounts advanced 21,280 5,679
Amounts repaid (1,000 ) (26,517 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 295,903 275,623

Interest has been charged on the overdrawn directors current accounts at the HM Revenue & Customs approved rate.