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REGISTERED NUMBER: 07687303 (England and Wales)










Financial Statements

for the Year Ended 30th June 2024

for

CBuild Limited

CBuild Limited (Registered number: 07687303)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


CBuild Limited (Registered number: 07687303)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,606 62,958

CURRENT ASSETS
Stocks 1,099,335 961,834
Debtors 5 5,786 66,667
Cash at bank 2,251 83,508
1,107,372 1,112,009
CREDITORS
Amounts falling due within one year 6 380,593 357,749
NET CURRENT ASSETS 726,779 754,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,385

817,218

CREDITORS
Amounts falling due after more than one
year

7

(10,004

)

(18,584

)

PROVISIONS FOR LIABILITIES (4,716 ) (8,793 )
NET ASSETS 759,665 789,841

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 759,565 789,741
SHAREHOLDERS' FUNDS 759,665 789,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

CBuild Limited (Registered number: 07687303)

Balance Sheet - continued
30th June 2024


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 Profit and Loss Account has not been delivered.

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





T J McGrath - Director


CBuild Limited (Registered number: 07687303)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

CBuild Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07687303

Registered office: Lyncroft House
Welsh Way
Perrotts Brook
Cirencester
Gloucestershire
GL7 7BW

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Office equipment and furniture - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CBuild Limited (Registered number: 07687303)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
Plant and and Motor
machinery furniture vehicles Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 11,703 19,413 108,340 139,456
DEPRECIATION
At 1st July 2023 7,832 16,377 52,289 76,498
Charge for year 580 759 14,013 15,352
At 30th June 2024 8,412 17,136 66,302 91,850
NET BOOK VALUE
At 30th June 2024 3,291 2,277 42,038 47,606
At 30th June 2023 3,871 3,036 56,051 62,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,786 66,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,268 1,512
Taxation and social security 179,384 172,625
Other creditors 193,941 183,612
380,593 357,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 10,004 18,584

CBuild Limited (Registered number: 07687303)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
T J McGrath
Balance outstanding at start of year 59,549 16,859
Amounts advanced 92,739 108,002
Amounts repaid (159,312 ) (65,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,024 ) 59,549