Registration number:
Build It Direct Ltd
for the Year Ended 24 July 2024
Build It Direct Ltd
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Build It Direct Ltd
Company Information
Director |
Mr George Baker |
Registered office |
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Accountants |
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Build It Direct Ltd
Director's Report for the Year Ended 24 July 2024
The director presents his report and the financial statements for the year ended 24 July 2024.
Incorporation
The company was incorporated and commenced trading on
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Property Development & Rentals
Going concern
No Going Concern issues.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Build It Direct Ltd
for the Year Ended 24 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Build It Direct Ltd for the year ended 24 July 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Build It Direct Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Build It Direct Ltd and state those matters that we have agreed to state to the Board of Directors of Build It Direct Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Build It Direct Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Build It Direct Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Build It Direct Ltd. You consider that Build It Direct Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Build It Direct Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Polegate
East Sussex
BN26 6BY
Build It Direct Ltd
Profit and Loss Account for the Year Ended 24 July 2024
Note |
2024 |
|
Turnover |
|
|
Cost of sales |
( |
|
Gross profit |
|
|
Administrative expenses |
( |
|
Operating loss |
(51,865) |
|
Loss before tax |
( |
|
Loss for the financial year |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Build It Direct Ltd
Statement of Comprehensive Income for the Year Ended 24 July 2024
2024 |
|
Loss for the year |
( |
Total comprehensive income for the year |
( |
Build It Direct Ltd
(Registration number: 15027957)
Balance Sheet as at 24 July 2024
Note |
2024 |
|
Creditors: Amounts falling due after more than one year |
( |
|
Capital and reserves |
||
Retained earnings |
(51,865) |
|
Shareholders' deficit |
(51,865) |
For the financial year ending 24 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Build It Direct Ltd
Statement of Changes in Equity for the Year Ended 24 July 2024
Retained earnings |
Total |
|
Loss for the year |
( |
( |
At 24 July 2024 |
( |
( |
Build It Direct Ltd
Notes to the Unaudited Financial Statements for the Year Ended 24 July 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Build It Direct Ltd
Notes to the Unaudited Financial Statements for the Year Ended 24 July 2024
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Creditors |
Creditors: amounts falling due after more than one year
Note |
2024 |
|
Due after one year |
||
Loans and borrowings |
|
Share capital |
Loans and borrowings |
Non-current loans and borrowings
2024 |
|
Other borrowings |
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Related party transactions |
Build It Direct Ltd
Notes to the Unaudited Financial Statements for the Year Ended 24 July 2024
Director's remuneration
The director's remuneration for the year was as follows:
2024 |
|
Remuneration |
|
Transition to FRS 102 |
Balance Sheet at
As originally reported |
Reclassification |
Remeasurement |
As restated |
|
Capital and reserves |
||||
Total equity |
- |
- |
- |
- |
Build It Direct Ltd
Notes to the Unaudited Financial Statements for the Year Ended 24 July 2024
Balance Sheet at
As originally reported |
Reclassification |
Remeasurement |
As restated |
|
Capital and reserves |
||||
Total equity |
- |
- |
- |
- |
Build It Direct Ltd
Notes to the Unaudited Financial Statements for the Year Ended 24 July 2024
As originally reported |
Reclassification |
Remeasurement |
As restated |
|
Turnover |
- |
- |
- |
- |
Operating profit/(loss) |
- |
- |
- |
- |
Profit/(loss) before tax |
- |
- |
- |
- |
Profit/(loss) for the financial year |
- |
- |
- |
- |