Registered number
08073555
Buildfix Property Services Limited
Filleted Accounts
31 March 2024
Buildfix Property Services Limited
Registered number: 08073555
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 53,033 34,960
Current assets
Stocks 3,176 3,176
Debtors 4 72,358 84,854
Cash at bank and in hand 27,060 49,709
102,594 137,739
Creditors: amounts falling due within one year 5 (83,555) (92,321)
Net current assets 19,039 45,418
Total assets less current liabilities 72,072 80,378
Creditors: amounts falling due after more than one year 6 (21,667) (31,667)
Net assets 50,405 48,711
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,305 48,611
Shareholder's funds 50,405 48,711
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 member has 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.
D Chilten
Director
Approved by the board on 5 August 2024
Buildfix Property Services 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 20% reducing balance
Motor vehicles 20% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 22,571 78,863 101,434
Additions 380 25,995 26,375
Disposals - (32,822) (32,822)
At 31 March 2024 22,951 72,036 94,987
Depreciation
At 1 April 2023 11,218 55,256 66,474
On disposals - (24,520) (24,520)
At 31 March 2024 11,218 30,736 41,954
Net book value
At 31 March 2024 11,733 41,300 53,033
At 31 March 2023 11,353 23,607 34,960
4 Debtors 2024 2023
£ £
Trade debtors 72,358 84,854
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,976 9,870
Amounts owed to group undertakings and undertakings in which the company has a participating interest 20,000 -
Taxation and social security costs 5,551 13,780
Other creditors 44,028 68,671
83,555 92,321
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,667 31,667
7 Other information
Buildfix Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Tollgate Drive
Tollgate Industrial Estate
Stafford
ST16 3HS
Buildfix Property Services Limited 08073555 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 D Chilten No description of principal activity 08073555 2022-04-01 2023-03-31 08073555 core:WithinOneYear 2023-03-31 08073555 core:AfterOneYear 2023-03-31 08073555 core:ShareCapital 2023-03-31 08073555 core:RetainedEarningsAccumulatedLosses 2023-03-31 08073555 2023-04-01 2024-03-31 08073555 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08073555 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08073555 bus:Director40 2023-04-01 2024-03-31 08073555 core:PlantMachinery 2023-04-01 2024-03-31 08073555 core:Vehicles 2023-04-01 2024-03-31 08073555 countries:England 2023-04-01 2024-03-31 08073555 bus:FRS102 2023-04-01 2024-03-31 08073555 bus:FilletedAccounts 2023-04-01 2024-03-31 08073555 2024-03-31 08073555 core:WithinOneYear 2024-03-31 08073555 core:AfterOneYear 2024-03-31 08073555 core:ShareCapital 2024-03-31 08073555 core:RetainedEarningsAccumulatedLosses 2024-03-31 08073555 core:PlantMachinery 2024-03-31 08073555 core:Vehicles 2024-03-31 08073555 2023-03-31 08073555 core:PlantMachinery 2023-03-31 08073555 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure