Registered number
02695859
Home Build 2000 Limited
Filleted Accounts
30 September 2024
Home Build 2000 Limited
Registered number: 02695859
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,069 33,795
Current assets
Stocks 50,000 99,000
Debtors 4 12,011 9,395
Cash at bank and in hand 447,335 541,445
509,346 649,840
Creditors: amounts falling due within one year 5 (238,262) (302,316)
Net current assets 271,084 347,524
Total assets less current liabilities 309,153 381,319
Creditors: amounts falling due after more than one year 6 (17,500) (32,500)
Net assets 291,653 348,819
Capital and reserves
Called up share capital 266 266
Profit and loss account 291,387 348,553
Shareholders' funds 291,653 348,819
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.
P Barnett
Director
Approved by the board on 29 January 2025
Home Build 2000 Limited
Notes to the Accounts
for the period from 1 April 2023 to 30 September 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:
Plant and machinery 20% Reducing balance method
Fixtures, fittings, tools and equipment 15% Reducing balance method
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 30,914 28,455 59,369
Additions 12,413 - 12,413
At 30 September 2024 43,327 28,455 71,782
Depreciation
At 1 April 2023 19,173 6,401 25,574
Charge for the period 4,831 3,308 8,139
At 30 September 2024 24,004 9,709 33,713
Net book value
At 30 September 2024 19,323 18,746 38,069
At 31 March 2023 11,741 22,054 33,795
4 Debtors 2024 2023
£ £
Other debtors 12,011 9,395
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 157,380 87,839
Taxation and social security costs 72,429 50,923
Other creditors 8,453 163,554
238,262 302,316
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,500 32,500
7 Other information
Home Build 2000 Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Godstone Road
Caterham
Surrey
CR3 6RE
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