IRIS Accounts Production v24.3.0.553 08980186 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089801862023-04-30089801862024-04-30089801862023-05-012024-04-30089801862022-04-30089801862022-05-012023-04-30089801862023-04-3008980186ns15:EnglandWales2023-05-012024-04-3008980186ns14:PoundSterling2023-05-012024-04-3008980186ns10:Director12023-05-012024-04-3008980186ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008980186ns10:SmallEntities2023-05-012024-04-3008980186ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008980186ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008980186ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008980186ns10:FullAccounts2023-05-012024-04-3008980186ns10:OrdinaryShareClass12023-05-012024-04-3008980186ns10:RegisteredOffice2023-05-012024-04-3008980186ns5:CurrentFinancialInstruments2024-04-3008980186ns5:CurrentFinancialInstruments2023-04-3008980186ns5:ShareCapital2024-04-3008980186ns5:ShareCapital2023-04-3008980186ns5:RetainedEarningsAccumulatedLosses2024-04-3008980186ns5:RetainedEarningsAccumulatedLosses2023-04-3008980186ns5:PlantMachinery2023-05-012024-04-3008980186ns5:FurnitureFittings2023-05-012024-04-3008980186ns5:MotorVehicles2023-05-012024-04-3008980186ns5:PlantMachinery2023-04-3008980186ns5:PlantMachinery2024-04-3008980186ns5:PlantMachinery2023-04-3008980186ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008980186ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3008980186ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 08980186 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BUILD IT NEW FOREST LIMITED

BUILD IT NEW FOREST LIMITED (REGISTERED NUMBER: 08980186)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUILD IT NEW FOREST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M Prater





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 08980186 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BUILD IT NEW FOREST LIMITED (REGISTERED NUMBER: 08980186)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,818 42,375

CURRENT ASSETS
Debtors 5 13,699 6,287
Cash at bank 14,831 31,513
28,530 37,800
CREDITORS
Amounts falling due within one year 6 43,646 60,217
NET CURRENT LIABILITIES (15,116 ) (22,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,702 19,958

PROVISIONS FOR LIABILITIES 6,996 8,051
NET ASSETS 14,706 11,907

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 14,705 11,906
SHAREHOLDERS' FUNDS 14,706 11,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BUILD IT NEW FOREST LIMITED (REGISTERED NUMBER: 08980186)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

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





M Prater - Director


BUILD IT NEW FOREST LIMITED (REGISTERED NUMBER: 08980186)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Build It New Forest 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.

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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

BUILD IT NEW FOREST LIMITED (REGISTERED NUMBER: 08980186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 99,511
Additions 1,167
At 30 April 2024 100,678
DEPRECIATION
At 1 May 2023 57,136
Charge for year 6,724
At 30 April 2024 63,860
NET BOOK VALUE
At 30 April 2024 36,818
At 30 April 2023 42,375

BUILD IT NEW FOREST LIMITED (REGISTERED NUMBER: 08980186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,089 6,287
Other debtors 610 -
13,699 6,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,616 22,610
Taxation and social security 13,617 20,796
Other creditors 20,413 16,811
43,646 60,217

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

Creditors due within one year include £18,113 (2023 - £14,910) which is owed to the director of the company.