Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 04655713 Mr David Shoebridge Mr Mark Shoebridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04655713 2023-02-28 04655713 2024-02-29 04655713 2023-03-01 2024-02-29 04655713 frs-core:CurrentFinancialInstruments 2024-02-29 04655713 frs-core:Non-currentFinancialInstruments 2024-02-29 04655713 frs-core:FurnitureFittings 2024-02-29 04655713 frs-core:FurnitureFittings 2023-03-01 2024-02-29 04655713 frs-core:FurnitureFittings 2023-02-28 04655713 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 04655713 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04655713 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 04655713 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 04655713 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04655713 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 04655713 frs-core:MotorVehicles 2024-02-29 04655713 frs-core:MotorVehicles 2023-03-01 2024-02-29 04655713 frs-core:MotorVehicles 2023-02-28 04655713 frs-core:PlantMachinery 2024-02-29 04655713 frs-core:PlantMachinery 2023-03-01 2024-02-29 04655713 frs-core:PlantMachinery 2023-02-28 04655713 frs-core:RevaluationReserve 2023-02-28 04655713 frs-core:RevaluationReserve 2024-02-29 04655713 frs-core:ShareCapital 2024-02-29 04655713 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 04655713 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04655713 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 04655713 frs-bus:SmallEntities 2023-03-01 2024-02-29 04655713 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04655713 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04655713 frs-bus:Director1 2023-03-01 2024-02-29 04655713 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 04655713 frs-countries:EnglandWales 2023-03-01 2024-02-29 04655713 2022-02-28 04655713 2023-02-28 04655713 2022-03-01 2023-02-28 04655713 frs-core:CurrentFinancialInstruments 2023-02-28 04655713 frs-core:Non-currentFinancialInstruments 2023-02-28 04655713 frs-core:RevaluationReserve 2023-02-28 04655713 frs-core:ShareCapital 2023-02-28 04655713 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 04655713
Traditional Build Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04655713
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,011,298 911,626
1,011,298 911,626
CURRENT ASSETS
Debtors 5 46,154 46,154
Cash at bank and in hand 17,108 31,432
63,262 77,586
Creditors: Amounts Falling Due Within One Year 6 (100,863 ) (98,335 )
NET CURRENT ASSETS (LIABILITIES) (37,601 ) (20,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES 973,697 890,877
Creditors: Amounts Falling Due After More Than One Year 7 (507,646 ) (524,228 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,436 ) (4,436 )
NET ASSETS 461,615 362,213
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 10,369 10,369
Profit and Loss Account 451,244 351,842
SHAREHOLDERS' FUNDS 461,615 362,213
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Shoebridge
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Traditional Build Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04655713 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 March 2023 380,000 518,645 1,963 8,300
Additions - 94,750 70 7,860
As at 29 February 2024 380,000 613,395 2,033 16,160
Depreciation
As at 1 March 2023 - - 522 5,170
Provided during the period - - 227 1,649
As at 29 February 2024 - - 749 6,819
Net Book Value
As at 29 February 2024 380,000 613,395 1,284 9,341
As at 1 March 2023 380,000 518,645 1,441 3,130
Fixtures & Fittings Total
£ £
Cost or Valuation
As at 1 March 2023 22,955 931,863
Additions 152 102,832
As at 29 February 2024 23,107 1,034,695
Depreciation
As at 1 March 2023 14,545 20,237
Provided during the period 1,284 3,160
As at 29 February 2024 15,829 23,397
Net Book Value
As at 29 February 2024 7,278 1,011,298
As at 1 March 2023 8,410 911,626
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,154 46,154
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,441 1,441
Corporation tax 10,208 27,533
Director's loan account 89,214 69,361
100,863 98,335
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 167,646 184,228
Inter company account 340,000 340,000
507,646 524,228
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 March 2023 10,369
As at 29 February 2024 10,369
10. Related Party Transactions
Included in other creditors is an amount of £108,335 (£69,361 in 2023), owed to the company director Mr D Shoebridge. This loan is interest free and no repayment terms have been agreed.
Included in other creditors is an amount of £340,000 (£340,000 in 2023), owing to Essential social care Ltd, a company under the control of the director Mr D Shoebridge. This loan is interest fee and no repayment terms have been agreed.
Page 5