Registered number
10617924
HOUSEBUILDING LIMITED
Filleted Accounts
29 February 2024
HOUSEBUILDING LIMITED
Registered number: 10617924
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,534 19,687
Current assets
Stocks 46,783 37,000
Debtors 4 1,823 1,823
Cash at bank and in hand 1,518 1,407
50,124 40,230
Creditors: amounts falling due within one year 5 (45,694) (32,342)
Net current assets 4,430 7,888
Total assets less current liabilities 15,964 27,575
Creditors: amounts falling due after more than one year 6 (15,459) (25,671)
Provisions for liabilities (140) (1,558)
Net assets 365 346
Capital and reserves
Called up share capital 1 1
Profit and loss account 364 345
Shareholders' funds 365 346
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.
Damian Florek
Director
Approved by the board on 14 November 2024
HOUSEBUILDING LIMITED
Notes to the Accounts
for the year ended 29 February 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.
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2023 40,766
At 29 February 2024 40,766
Depreciation
At 1 March 2023 21,079
Charge for the year 8,153
At 29 February 2024 29,232
Net book value
At 29 February 2024 11,534
At 28 February 2023 19,687
4 Debtors 2024 2023
£ £
Other debtors, prepayments and deposits 1,823 1,823
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,208 11,208
Trade creditors 8,152 650
Taxation and social security costs 26,293 20,484
Other creditors, money owed to shareholder 41 -
45,694 32,342
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,459 25,671
7 Other information
HOUSEBUILDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
117 Tylecroft Road
London
SW16 4BJ
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