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Company Registration No. 12006512 (England and Wales)
Building Development Ltd Unaudited accounts for the year ended 31 May 2024
Building Development Ltd Unaudited accounts Contents
Page
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Building Development Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,375 
- 
Current assets
Debtors
- 
372 
Cash at bank and in hand
2,785 
898 
2,785 
1,270 
Creditors: amounts falling due within one year
(1,734)
(1,232)
Net current assets
1,051 
38 
Net assets
3,426 
38 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,326 
(62)
Shareholders' funds
3,426 
38 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 12 January 2025 and were signed on its behalf by
Sukhwinder Singh Director Company Registration No. 12006512
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Building Development Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Building Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 12006512. The registered office is 4 Cranbourne Avenue, Wolverhampton, West Midlands, WV4 6RQ, England.
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
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 lives:
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
497 
- 
497 
Additions
- 
3,000 
3,000 
Disposals
(497)
- 
(497)
At 31 May 2024
- 
3,000 
3,000 
Depreciation
At 1 June 2023
497 
- 
497 
Charge for the year
- 
625 
625 
On disposals
(497)
- 
(497)
At 31 May 2024
- 
625 
625 
Net book value
At 31 May 2024
- 
2,375 
2,375 
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Building Development Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
372 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,734 
1,232 
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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