Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08384428 Mrs Sabrina Clarke-Okwubanego iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08384428 2023-02-28 08384428 2024-02-29 08384428 2023-03-01 2024-02-29 08384428 frs-core:CurrentFinancialInstruments 2024-02-29 08384428 frs-core:ComputerEquipment 2024-02-29 08384428 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08384428 frs-core:ComputerEquipment 2023-02-28 08384428 frs-core:MotorVehicles 2024-02-29 08384428 frs-core:MotorVehicles 2023-03-01 2024-02-29 08384428 frs-core:MotorVehicles 2023-02-28 08384428 frs-core:PlantMachinery 2023-03-01 2024-02-29 08384428 frs-core:ShareCapital 2024-02-29 08384428 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08384428 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08384428 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08384428 frs-bus:SmallEntities 2023-03-01 2024-02-29 08384428 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08384428 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08384428 frs-bus:Director1 2023-03-01 2024-02-29 08384428 frs-countries:EnglandWales 2023-03-01 2024-02-29 08384428 2022-02-28 08384428 2023-02-28 08384428 2022-03-01 2023-02-28 08384428 frs-core:CurrentFinancialInstruments 2023-02-28 08384428 frs-core:ShareCapital 2023-02-28 08384428 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08384428
Build Global Ltd
Financial Statements
For The Year Ended 29 February 2024
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08384428
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 633 411
633 411
CURRENT ASSETS
Debtors 5 444 -
Cash at bank and in hand 11,068 23,634
11,512 23,634
Creditors: Amounts Falling Due Within One Year 6 (136,178 ) (96,573 )
NET CURRENT ASSETS (LIABILITIES) (124,666 ) (72,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES (124,033 ) (72,528 )
NET LIABILITIES (124,033 ) (72,528 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (124,034 ) (72,529 )
SHAREHOLDERS' FUNDS (124,033) (72,528)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Sabrina Clarke-Okwubanego
Director
11th October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Build Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08384428 . The registered office is 167 -169 Great Portland Street, , London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% SLM
Motor Vehicles Nil
Computer Equipment 25% SLM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 1,000 448 1,448
Additions - 349 349
As at 29 February 2024 1,000 797 1,797
Depreciation
As at 1 March 2023 1,000 37 1,037
Provided during the period - 127 127
As at 29 February 2024 1,000 164 1,164
Net Book Value
As at 29 February 2024 - 633 633
As at 1 March 2023 - 411 411
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 444 -
444 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57 600
Bank loans and overdrafts 36,927 48,148
Other creditors 99,194 46,005
Taxation and social security - 1,820
136,178 96,573
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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