Registered number
04938929
BADERS CONSTRUCTION LIMITED
Filleted Accounts
31 March 2024
BADERS CONSTRUCTION LIMITED
Registered number: 04938929
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 8,550
Current assets
Debtors 4 62,160 65,928
Cash at bank and in hand 5,004 6,004
67,164 71,932
Creditors: amounts falling due within one year 5 (55,776) (55,162)
Net current assets 11,388 16,770
Total assets less current liabilities 11,388 25,320
Creditors: amounts falling due after more than one year 6 (10,633) (20,672)
Provisions for liabilities - (1,624)
Net assets 755 3,024
Capital and reserves
Called up share capital 2 2
Profit and loss account 753 3,022
Shareholders' funds 755 3,024
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr P. E. Bader
Director
Approved by the board on 11 October 2024
BADERS CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Plant and machinery 25% to 33% straight line
Motor vehicles 25% straight line
Going concern
The company is reliant upon the continuing support of Mr P Bader and Mr S Bader who are the company's directors and shareholders. They have indicated that they intend to support the company on an ongoing basis. The going concern basis of accounting has therefore been adopted.
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.
1 Accounting policies (continued)
Leased assets
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 10,950 57,012 67,962
At 31 March 2024 10,950 57,012 67,962
Depreciation
At 1 April 2023 8,213 51,199 59,412
Charge for the year 2,737 5,813 8,550
At 31 March 2024 10,950 57,012 67,962
Net book value
At 31 March 2024 - - -
At 31 March 2023 2,737 5,813 8,550
4 Debtors 2024 2023
£ £
Trade debtors 3,662 2,000
Other debtors 58,498 63,928
62,160 65,928
Included in other debtors are amounts due from directors of £42,766 (2023: £49,318) as disclosed in note 8.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,722 31,213
Obligations under finance lease and hire purchase contracts 3,930 3,680
Trade creditors 12,831 1,889
Corporation tax 10,738 16,576
Other taxes and social security costs 4,702 440
Other creditors 853 1,364
55,776 55,162
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,855 13,964
Obligations under finance lease and hire purchase contracts 2,778 6,708
10,633 20,672
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans and overdrafts 16,613 25,254
The company's bank overdraft facility is secured by a fixed and floating charge on the assets of the company.
8 Loans to directors
Description and conditions B/fwd Loaned Repaid C/fwd
£ £ £ £
Mr P. E. Bader
Loan no.1, unsecured, interest bearing 19,377 - - 19,377
Loan no.2, unsecured, interest bearing 13,659 - (4,605) 9,054
Loan no.3, unsecured, interest bearing - 27,932 (27,932) -
Mr S. J. Bader
Loan no.1, unsecured, interest bearing 13,030 - - 13,030
Loan no.2, unsecured, interest bearing 1,184 - - 1,184
Loan no.3, unsecured, interest bearing 2,068 20,988 (22,935) 121
49,318 48,920 (55,472) 42,766
9 Other information
BADERS CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
113 Altwood Road
Maidenhead
Berkshire
SL6 4QD
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