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Company Registration No. 12903143 (England and Wales)
New Build & Construction Ltd Unaudited accounts for the year ended 30 September 2023
New Build & Construction Ltd Unaudited accounts Contents
Page
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New Build & Construction Ltd Company Information for the year ended 30 September 2023
Director
Tomasz G Kolosziejczyk
Company Number
12903143 (England and Wales)
Registered Office
Unit 1, Chancerygate Business Centre Stonefield Way Ruislip HA4 0JA United Kingdom
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New Build & Construction Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,328 
34,784 
Current assets
Inventories
117,240 
250,000 
Debtors
330,971 
6,039 
Cash at bank and in hand
925 
6,129 
449,136 
262,168 
Creditors: amounts falling due within one year
(399,433)
(221,323)
Net current assets
49,703 
40,845 
Total assets less current liabilities
77,031 
75,629 
Creditors: amounts falling due after more than one year
(9,293)
(16,571)
Provisions for liabilities
Deferred tax
(5,193)
(6,609)
Net assets
62,545 
52,449 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62,445 
52,349 
Shareholders' funds
62,545 
52,449 
For the year ending 30 September 2023 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 director acknowledges his 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 and authorised for issue on 31 October 2024 and were signed on its behalf by
Tomasz G Kolosziejczyk Director Company Registration No. 12903143
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New Build & Construction Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
New Build & Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 12903143. The registered office is Unit 1, Chancerygate Business Centre, Stonefield Way, Ruislip, HA4 0JA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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New Build & Construction Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
47,195 
- 
47,195 
Additions
- 
1,653 
1,653 
At 30 September 2023
47,195 
1,653 
48,848 
Depreciation
At 1 October 2022
12,411 
- 
12,411 
Charge for the year
8,696 
413 
9,109 
At 30 September 2023
21,107 
413 
21,520 
Net book value
At 30 September 2023
26,088 
1,240 
27,328 
At 30 September 2022
34,784 
- 
34,784 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
148,708 
- 
Accrued income and prepayments
146,626 
- 
Other debtors
35,637 
6,039 
330,971 
6,039 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
302,497 
97,948 
Obligations under finance leases and hire purchase contracts
8,172 
12,211 
Trade creditors
177 
11,069 
Taxes and social security
37,079 
6,042 
Other creditors
46,759 
61,359 
Loans from directors
1,749 
32,694 
Accruals
3,000 
- 
399,433 
221,323 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,293 
16,571 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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