Company Registration No. 11754644 (England and Wales)
Bermuda Construction Ltd
Unaudited accounts
for the year ended 31 January 2024
Bermuda Construction Ltd
Unaudited accounts
Contents
Bermuda Construction Ltd
Company Information
for the year ended 31 January 2024
Directors
William Geoffrey Corbett Parker
Samuel Mark Longhurst
Robert Mark Guest
Company Number
11754644 (England and Wales)
Registered Office
C/O Abr Chartered Accountants 37th Floor
Canada Square
London
E14 5AA
United Kingdom
Accountants
ABR Chartered Accountants
37th Floor
Canada Square
London
E14 5AA
Bermuda Construction Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
2,079
1,549
Cash at bank and in hand
32,139
33,418
Creditors: amounts falling due within one year
(76,220)
(69,433)
Net current assets
1,164
17,787
Called up share capital
300
3
Profit and loss account
2,943
19,333
Shareholders' funds
3,243
19,336
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Robert Mark Guest
Director
Company Registration No. 11754644
Bermuda Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
Bermuda Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 11754644. The registered office is C/O Abr Chartered Accountants 37th Floor, Canada Square, London, E14 5AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
2,102
-
1,231
3,333
At 31 January 2024
2,102
621
1,903
4,626
At 1 February 2023
1,476
-
308
1,784
Charge for the year
209
155
399
763
At 31 January 2024
1,685
155
707
2,547
At 31 January 2024
417
466
1,196
2,079
At 31 January 2023
626
-
923
1,549
Bermuda Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
16,200
9,797
Other debtors
29,045
44,005
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,310
5,255
Taxes and social security
10,840
(5,800)
Other creditors
19,332
34,598
Loans from directors
26,041
21,315
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).