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REGISTERED NUMBER: 05178127 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

CUSTOM BUILD (SUSSEX) LIMITED

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUSTOM BUILD (SUSSEX) LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D J Hunnisett





SECRETARY: Mrs S J Hunnisett





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 05178127 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,720 18,070

CURRENT ASSETS
Debtors 5 12,693 15,721
Cash at bank 110,359 107,386
123,052 123,107
CREDITORS
Amounts falling due within one year 6 85,080 70,144
NET CURRENT ASSETS 37,972 52,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,692

71,033

CREDITORS
Amounts falling due after more than one year 7 (8,777 ) (19,066 )

PROVISIONS FOR LIABILITIES (3,430 ) (3,433 )
NET ASSETS 39,485 48,534

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 39,385 48,434
SHAREHOLDERS' FUNDS 39,485 48,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





D J Hunnisett - Director


CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Custom Build (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements 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 historical 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 35,806 56,367 6,421 98,594
Additions 223 - - 223
At 31 July 2024 36,029 56,367 6,421 98,817
DEPRECIATION
At 1 August 2023 33,364 42,154 5,006 80,524
Charge for year 666 3,553 354 4,573
At 31 July 2024 34,030 45,707 5,360 85,097
NET BOOK VALUE
At 31 July 2024 1,999 10,660 1,061 13,720
At 31 July 2023 2,442 14,213 1,415 18,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 12,298 15,721
Other debtors 395 -
12,693 15,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,289 10,035
Trade creditors 19,912 26,639
Tax 14,420 10,304
Social security and other taxes 4,126 4,386
VAT 13,990 13,916
Other creditors 19,433 1,745
Directors' current accounts 160 370
Accrued expenses 2,750 2,749
85,080 70,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 8,777 10,289
Bank loans - 2-5 years - 8,777
8,777 19,066

CUSTOM BUILD (SUSSEX) LIMITED (REGISTERED NUMBER: 05178127)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
90 Ordinary "A" £1 90 90
10 Ordinary "B" £1 10 10
100 100