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BUILDGURU LTD

Registered Number
08545152
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

BUILDGURU LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

P Naudeau

Registered Address

The Studio
10 Blades Court
London
SW15 2NU

Registered Number

08545152 (England and Wales)
BUILDGURU LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets339,9599,427
39,9599,427
Current assets
Stocks4-600,000
Debtors268,413202,035
Cash at bank and on hand121,529129,909
389,942931,944
Creditors amounts falling due within one year5(237,515)(262,078)
Net current assets (liabilities)152,427669,866
Total assets less current liabilities192,386679,293
Creditors amounts falling due after one year6(168,934)(652,549)
Net assets23,45226,744
Capital and reserves
Called up share capital100100
Profit and loss account23,35226,644
Shareholders' funds23,45226,744
The financial statements were approved and authorised for issue by the Director on 17 January 2025, and are signed on its behalf by:
P Naudeau
Director
Registered Company No. 08545152
BUILDGURU LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Motor van 25% straight line and office equipment 33% straight line.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is represented by a property which is initially stated at cost and then held at the lower of this initial amount and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the properties to its present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2318,7666,70425,470
Additions42,700-42,700
Disposals(18,766)-(18,766)
At 31 March 2442,7006,70449,404
Depreciation and impairment
At 01 April 2314,8561,18716,043
Charge for year6,2272,0318,258
On disposals(14,856)-(14,856)
At 31 March 246,2273,2189,445
Net book value
At 31 March 2436,4733,48639,959
At 31 March 233,9105,5179,427
4.Stocks

2024

2023

££
Work in progress-600,000
Total-600,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables124,389175,285
Taxation and social security108,01886,043
Other creditors3,607-
Accrued liabilities and deferred income1,501750
Total237,515262,078
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts134,938640,728
Other creditors33,99611,821
Total168,934652,549
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts33,99611,821
8.Related party transactions
During the year the company had sales revenue of £670,144 (2023: £243,556) with Argon Blue Developments Ltd, a related party by virtue of the director’s shareholding. At the year end the net amount due from Argon Blue Developments Ltd was £132,000 (2023: £75,000 net amounts due to Argon Blue Developments Ltd). Asset Sense Limited is also a related party by virtue of the director's shareholdings. There were no revenue transactions during the year. At the year end there is a net amount due from Asset Sense Limited of £18,850 (2023: Nil).