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Company Registration No. 03995868 (England and Wales)
Building Restorations Limited Unaudited accounts for the year ended 31 March 2024
Building Restorations Limited Unaudited accounts Contents
Page
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Building Restorations Limited Company Information for the year ended 31 March 2024
Director
J A Wynn
Company Number
03995868 (England and Wales)
Registered Office
Unit 7 Cambridge Mills GLOUCESTER Gloucestershire GL2 7AA United Kingdom
Accountants
Reis Accountants 41 Well Cross Road GLOUCESTER GL4 6RA
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Building Restorations Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
107,919 
103,973 
Current assets
Inventories
146,839 
87,591 
Debtors
263,422 
461,198 
Investments
31,500 
31,500 
Cash at bank and in hand
174,337 
125,102 
616,098 
705,391 
Creditors: amounts falling due within one year
(299,020)
(526,527)
Net current assets
317,078 
178,864 
Total assets less current liabilities
424,997 
282,837 
Creditors: amounts falling due after more than one year
(19,546)
(35,622)
Provisions for liabilities
Deferred tax
(26,979)
(19,755)
Net assets
378,472 
227,460 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
378,352 
227,340 
Shareholders' funds
378,472 
227,460 
For the year ending 31 March 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 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 26 November 2024 and were signed on its behalf by
J A Wynn Director Company Registration No. 03995868
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Building Restorations Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Building Restorations Limited is a private company, limited by shares, registered in England and Wales, registration number 03995868. The registered office is Unit 7, Cambridge Mills, GLOUCESTER, Gloucestershire, GL2 7AA, 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 in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land & buildings
10% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% on cost
Inventories
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Building Restorations Limited Notes to the Accounts for the year ended 31 March 2024
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or lease term, whichever is the shorter. The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
40,014 
83,647 
100,014 
7,198 
23,654 
254,527 
Additions
- 
7,500 
23,965 
- 
1,431 
32,896 
Disposals
- 
- 
(4,500)
- 
- 
(4,500)
At 31 March 2024
40,014 
91,147 
119,479 
7,198 
25,085 
282,923 
Depreciation
At 1 April 2023
24,287 
41,103 
55,703 
5,879 
23,582 
150,554 
Charge for the year
4,001 
12,004 
11,438 
330 
334 
28,107 
On disposals
- 
- 
(3,657)
- 
- 
(3,657)
At 31 March 2024
28,288 
53,107 
63,484 
6,209 
23,916 
175,004 
Net book value
At 31 March 2024
11,726 
38,040 
55,995 
989 
1,169 
107,919 
At 31 March 2023
15,727 
42,544 
44,311 
1,319 
72 
103,973 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
19,538 
26,050 
- Motor vehicles
7,280 
11,368 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
51,830 
291,090 
Other debtors
211,592 
170,108 
263,422 
461,198 
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Building Restorations Limited Notes to the Accounts for the year ended 31 March 2024
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
31,500 
31,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
32,299 
VAT
11,611 
128,428 
Obligations under finance leases and hire purchase contracts
6,380 
9,667 
Trade creditors
104,668 
164,637 
Taxes and social security
130,541 
161,571 
Other creditors
35,820 
29,925 
299,020 
526,527 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,994 
24,997 
Obligations under finance leases and hire purchase contracts
4,552 
10,625 
19,546 
35,622 
9
Average number of employees
During the year the average number of employees was 20 (2023: 23).
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