Registered number
09827024
B & R Plastering Limited
Filleted Accounts
30 April 2024
B & R Plastering Limited
Registered number: 09827024
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 295 445
Current assets
Stocks 50,000 87,000
Debtors 4 454,682 121,320
Cash at bank and in hand 220,702 84,806
725,384 293,126
Creditors: amounts falling due within one year 5 (453,707) (255,949)
Net current assets 271,677 37,177
Net assets 271,972 37,622
Capital and reserves
Called up share capital 100 100
Profit and loss account 271,872 37,522
Shareholders' funds 271,972 37,622
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G P Bartlett
Director
Approved by the board on 31 October 2024
B & R Plastering Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 May 2023 4,474
At 30 April 2024 4,474
Depreciation
At 1 May 2023 4,029
Charge for the year 150
At 30 April 2024 4,179
Net book value
At 30 April 2024 295
At 30 April 2023 445
4 Debtors 2024 2023
£ £
Trade debtors 311,003 34,334
Directors loan account 23,249 -
Other debtors 120,430 86,986
454,682 121,320
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 348,291 207,379
Taxation and social security costs 103,166 46,096
Directors loan account - 224
Other creditors 2,250 2,250
453,707 255,949
6 Controlling party
The company is controlled by G P Bartlett.
7 Other information
B & R Plastering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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