Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28falsetrue2023-03-01falseNo description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10634338 2023-03-01 2024-02-28 10634338 2022-03-01 2023-02-28 10634338 2024-02-28 10634338 2023-02-28 10634338 c:Director1 2023-03-01 2024-02-28 10634338 d:MotorVehicles 2023-03-01 2024-02-28 10634338 d:MotorVehicles 2024-02-28 10634338 d:MotorVehicles 2023-02-28 10634338 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 10634338 d:OfficeEquipment 2023-03-01 2024-02-28 10634338 d:OfficeEquipment 2024-02-28 10634338 d:OfficeEquipment 2023-02-28 10634338 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 10634338 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 10634338 d:CurrentFinancialInstruments 2024-02-28 10634338 d:CurrentFinancialInstruments 2023-02-28 10634338 d:Non-currentFinancialInstruments 2024-02-28 10634338 d:Non-currentFinancialInstruments 2023-02-28 10634338 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 10634338 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10634338 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 10634338 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10634338 d:ShareCapital 2024-02-28 10634338 d:ShareCapital 2023-02-28 10634338 d:RetainedEarningsAccumulatedLosses 2024-02-28 10634338 d:RetainedEarningsAccumulatedLosses 2023-02-28 10634338 c:FRS102 2023-03-01 2024-02-28 10634338 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10634338 c:FullAccounts 2023-03-01 2024-02-28 10634338 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10634338 2 2023-03-01 2024-02-28 10634338 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Registered number: 10634338









BUILDINGS AND RESTORATIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
BUILDINGS AND RESTORATIONS LTD
REGISTERED NUMBER: 10634338

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
39,437
52,582

  
39,437
52,582

Current assets
  

Stocks
 5 
2,000
19,000

Debtors: amounts falling due within one year
 6 
56,233
55,345

Cash at bank and in hand
 7 
50,903
651

  
109,136
74,996

Creditors: amounts falling due within one year
 8 
(124,347)
(111,046)

Net current liabilities
  
 
 
(15,211)
 
 
(36,050)

Total assets less current liabilities
  
24,226
16,532

Creditors: amounts falling due after more than one year
 9 
(16,650)
(16,111)

  

Net assets
  
7,576
421


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
7,575
420

  
7,576
421


Page 1

 
BUILDINGS AND RESTORATIONS LTD
REGISTERED NUMBER: 10634338
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D Clarke
Director

Date: 26 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BUILDINGS AND RESTORATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

Buildings and Restorations Ltd is a private company limited by shares, incorporated in England and Wales and its registered office address is 46 Gallons Road, London, E16 2AG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BUILDINGS AND RESTORATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BUILDINGS AND RESTORATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
BUILDINGS AND RESTORATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
69,227
23,692
92,919



At 28 February 2024

69,227
23,692
92,919



Depreciation


At 1 March 2023
26,850
13,487
40,337


Charge for the year on owned assets
10,594
2,551
13,145



At 28 February 2024

37,444
16,038
53,482



Net book value



At 28 February 2024
31,783
7,654
39,437



At 28 February 2023
42,377
10,205
52,582


5.


Stocks

2024
2023
£
£

Raw materials and consumables
2,000
19,000



6.


Debtors

2024
2023
£
£


Trade debtors
-
15,256

Other debtors
56,233
29,973

Tax recoverable
-
10,116

56,233
55,345


Page 6

 
BUILDINGS AND RESTORATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
50,903
651

Less: bank overdrafts
-
(1,844)

50,903
(1,193)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
1,844

Bank loans
7,400
7,939

Corporation tax
34,338
22,182

Other taxation and social security
45,691
66,586

Other creditors
3,271
10,199

Accruals and deferred income
33,647
2,296

124,347
111,046



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,650
16,111


 
Page 7