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Company registration number: 08413790
Building Control Services (Approved Inspectors) Limited
Unaudited filleted financial statements
29 February 2024
Building Control Services (Approved Inspectors) Limited
Contents
Statement of financial position
Notes to the financial statements
Building Control Services (Approved Inspectors) Limited
Statement of financial position
29 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 24,518 15,999
_______ _______
24,518 15,999
Current assets
Debtors 6 112,028 102,404
Cash at bank and in hand 475,821 716,391
_______ _______
587,849 818,795
Creditors: amounts falling due
within one year 7 ( 312,058) ( 366,447)
_______ _______
Net current assets 275,791 452,348
_______ _______
Total assets less current liabilities 300,309 468,347
Provisions for liabilities - ( 3,040)
_______ _______
Net assets 300,309 465,307
_______ _______
Capital and reserves
Called up share capital 5 5
Profit and loss account 300,304 465,302
_______ _______
Shareholders funds 300,309 465,307
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 October 2024 , and are signed on behalf of the board by:
Paul Cattell
Director
Company registration number: 08413790
Building Control Services (Approved Inspectors) Limited
Notes to the financial statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Moulsham Mill, Parkway, Chelmsford, Essex, CM2 7PX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 20 % straight line
Computer equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 13 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Computer equipment Total
£ £ £ £ £
Cost
At 1 March 2023 2,576 2,040 44,938 16,455 66,009
Additions - - 17,500 665 18,165
_______ _______ _______ _______ _______
At 29 February 2024 2,576 2,040 62,438 17,120 84,174
_______ _______ _______ _______ _______
Depreciation
At 1 March 2023 2,576 1,587 35,951 9,895 50,009
Charge for the year - 235 9,279 133 9,647
_______ _______ _______ _______ _______
At 29 February 2024 2,576 1,822 45,230 10,028 59,656
_______ _______ _______ _______ _______
Carrying amount
At 29 February 2024 - 218 17,208 7,092 24,518
_______ _______ _______ _______ _______
At 28 February 2023 - 453 8,987 6,560 16,000
_______ _______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 30,422 73,933
Other debtors 81,606 28,471
_______ _______
112,028 102,404
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 22,353 12,750
Social security and other taxes 34,439 42,562
Other creditors 255,266 311,135
_______ _______
312,058 366,447
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Paul Cattell 1,999 - ( 2,000) ( 1)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Paul Cattell ( 1) 2,000 - 1,999
_______ _______ _______ _______