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REGISTERED NUMBER: 08246579 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2024

for

Build-Lite (Uk) Ltd

Build-Lite (Uk) Ltd (Registered number: 08246579)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Build-Lite (Uk) Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P J Goodlad





SECRETARY:





REGISTERED OFFICE: Build-Lite (UK) Ltd
Kingsforth Road
Thurcroft
Rotherham
South Yorkshire
S66 9HU





REGISTERED NUMBER: 08246579 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Build-Lite (Uk) Ltd (Registered number: 08246579)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,689 9,088

CURRENT ASSETS
Stocks 5 102,675 103,921
Debtors 6 436,900 454,763
Cash at bank 261,066 242,336
800,641 801,020
CREDITORS
Amounts falling due within one year 7 804,966 776,987
NET CURRENT (LIABILITIES)/ASSETS (4,325 ) 24,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,364

33,121

PROVISIONS FOR LIABILITIES 1,617 2,207
NET ASSETS 747 30,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 647 30,814
747 30,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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-Lite (Uk) Ltd (Registered number: 08246579)

Balance Sheet - continued
31 October 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 22 January 2025 and were signed by:





P J Goodlad - Director


Build-Lite (Uk) Ltd (Registered number: 08246579)

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

1. STATUTORY INFORMATION

Build-Lite (Uk) Ltd 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.

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.
Improvements to property - 25% on reducing balance
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Build-Lite (Uk) Ltd (Registered number: 08246579)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023
and 31 October 2024 3,467 84,768 349
DEPRECIATION
At 1 November 2023 3,207 79,291 208
Charge for year 39 822 36
At 31 October 2024 3,246 80,113 244
NET BOOK VALUE
At 31 October 2024 221 4,655 105
At 31 October 2023 260 5,477 141

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 12,500 9,382 110,466
DEPRECIATION
At 1 November 2023 10,275 8,397 101,378
Charge for year 556 946 2,399
At 31 October 2024 10,831 9,343 103,777
NET BOOK VALUE
At 31 October 2024 1,669 39 6,689
At 31 October 2023 2,225 985 9,088

Build-Lite (Uk) Ltd (Registered number: 08246579)

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

5. STOCKS
2024 2023
£    £   
Stocks 29,675 57,921
Work-in-progress 73,000 46,000
102,675 103,921

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 389,155 443,637
Prepayments 47,745 11,126
436,900 454,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 447,709 444,314
Amounts owed to group undertakings 30,698 698
Tax 196,815 228,444
Social security and other taxes 4,132 4,807
VAT 48,744 57,414
Other creditors 879 -
Accruals and deferred income 61,291 27,273
Accrued expenses 14,698 14,037
804,966 776,987