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Bolt Building And Construction Ltd
Financial Statements
For The Year Ended 30 April 2024
TaxAssist Accountants
133 Station Road
Sidcup
DA15 7AA
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13357779
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,457 211
2,457 211
CURRENT ASSETS
Debtors 5 127,876 67,813
Cash at bank and in hand 307 8,196
128,183 76,009
Creditors: Amounts Falling Due Within One Year 6 (120,804 ) (68,851 )
NET CURRENT ASSETS (LIABILITIES) 7,379 7,158
TOTAL ASSETS LESS CURRENT LIABILITIES 9,836 7,369
PROVISIONS FOR LIABILITIES
Deferred Taxation (467 ) (40 )
NET ASSETS 9,369 7,329
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 9,368 7,328
SHAREHOLDERS' FUNDS 9,369 7,329
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Easter
Director
21 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bolt Building And Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13357779 . The registered office is 172 Rowley Avenue, Sidcup, DA15 9LG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
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2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 281
Additions 3,088
As at 30 April 2024 3,369
Depreciation
As at 1 May 2023 70
Provided during the period 842
As at 30 April 2024 912
Net Book Value
As at 30 April 2024 2,457
As at 1 May 2023 211
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,418 63,952
Prepayments and accrued income 6,074 -
Other debtors - CIS suffered 595 2,316
Other debtors - work in progress 80,138 -
Other taxes and social security 1,651 1,545
127,876 67,813
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,811 2,142
Corporation tax 18,035 21,601
VAT 21,927 17,375
Net wages - 1,205
Credit cards 4,804 -
Accruals and deferred income 12,238 2,984
Director's loan account 47,989 23,544
120,804 68,851
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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