Registered number
08664063
BLOK DESIGN BUILD LTD
Filleted Accounts
30 September 2023
BLOK DESIGN BUILD LTD
Registered number: 08664063
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,547 7,984
Current assets
Stocks 1,500,000 1,500,000
Debtors 4 7,885 7,885
Cash at bank and in hand 5,405 5,839
1,513,290 1,513,724
Creditors: amounts falling due within one year 5 (450,017) (424,545)
Net current assets 1,063,273 1,089,179
Total assets less current liabilities 1,069,820 1,097,163
Creditors: amounts falling due after more than one year 6 (972,976) (972,976)
Net assets 96,844 124,187
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 241,610 241,610
Profit and loss account (144,767) (117,424)
Shareholder's funds 96,844 124,187
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert William HARMAN
Director
Approved by the board on 1 July 2024
BLOK DESIGN BUILD LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 3,221 27,315 30,536
At 30 September 2023 3,221 27,315 30,536
Depreciation
At 1 October 2022 2,183 20,369 22,552
Charge for the year 187 1,250 1,437
At 30 September 2023 2,370 21,619 23,989
Net book value
At 30 September 2023 851 5,696 6,547
At 30 September 2022 1,038 6,946 7,984
4 Debtors 2023 2022
£ £
Trade debtors 7,885 7,885
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 12,605 26,162
Other creditors 437,412 398,383
450,017 424,545
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 972,976 972,976
7 Revaluation reserve 2023 2022
£ £
At 1 October 2022 241,610 241,610
At 30 September 2023 241,610 241,610
8 Other information
BLOK DESIGN BUILD LTD is a private company limited by shares and incorporated in England. Its registered office is:
50 Fieldway
Berkhamsted
HP4 2NY
BLOK DESIGN BUILD LTD 08664063 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2024 Robert William HARMAN No description of principal activity 08664063 2021-10-01 2022-09-30 08664063 core:WithinOneYear 2022-09-30 08664063 core:AfterOneYear 2022-09-30 08664063 core:ShareCapital 2022-09-30 08664063 core:OtherReservesSubtotal 2022-09-30 08664063 core:RetainedEarningsAccumulatedLosses 2022-09-30 08664063 core:RevaluationReserve 2021-09-30 08664063 2022-10-01 2023-09-30 08664063 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08664063 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08664063 bus:Director40 2022-10-01 2023-09-30 08664063 1 2022-10-01 2023-09-30 08664063 2 2022-10-01 2023-09-30 08664063 core:PlantMachinery 2022-10-01 2023-09-30 08664063 core:Vehicles 2022-10-01 2023-09-30 08664063 countries:England 2022-10-01 2023-09-30 08664063 bus:FRS102 2022-10-01 2023-09-30 08664063 bus:FilletedAccounts 2022-10-01 2023-09-30 08664063 2023-09-30 08664063 core:WithinOneYear 2023-09-30 08664063 core:AfterOneYear 2023-09-30 08664063 core:ShareCapital 2023-09-30 08664063 core:OtherReservesSubtotal 2023-09-30 08664063 core:RetainedEarningsAccumulatedLosses 2023-09-30 08664063 core:PlantMachinery 2023-09-30 08664063 core:Vehicles 2023-09-30 08664063 core:RevaluationReserve 2023-09-30 08664063 2022-09-30 08664063 core:PlantMachinery 2022-09-30 08664063 core:Vehicles 2022-09-30 08664063 core:RevaluationReserve 2022-09-30 iso4217:GBP xbrli:pure