Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-04-17false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14809521 2023-04-16 14809521 2023-04-17 2024-04-30 14809521 2022-04-17 2023-04-16 14809521 2024-04-30 14809521 c:Director1 2023-04-17 2024-04-30 14809521 d:PlantMachinery 2023-04-17 2024-04-30 14809521 d:PlantMachinery 2024-04-30 14809521 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-17 2024-04-30 14809521 d:OfficeEquipment 2023-04-17 2024-04-30 14809521 d:OfficeEquipment 2024-04-30 14809521 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-17 2024-04-30 14809521 d:OwnedOrFreeholdAssets 2023-04-17 2024-04-30 14809521 d:CurrentFinancialInstruments 2024-04-30 14809521 d:Non-currentFinancialInstruments 2024-04-30 14809521 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14809521 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 14809521 d:ShareCapital 2024-04-30 14809521 d:RetainedEarningsAccumulatedLosses 2024-04-30 14809521 c:OrdinaryShareClass1 2023-04-17 2024-04-30 14809521 c:OrdinaryShareClass1 2024-04-30 14809521 c:FRS102 2023-04-17 2024-04-30 14809521 c:AuditExempt-NoAccountantsReport 2023-04-17 2024-04-30 14809521 c:FullAccounts 2023-04-17 2024-04-30 14809521 c:PrivateLimitedCompanyLtd 2023-04-17 2024-04-30 14809521 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 14809521 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 14809521 2 2023-04-17 2024-04-30 14809521 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 14809521 d:LeasedAssetsHeldAsLessee 2024-04-30 14809521 e:PoundSterling 2023-04-17 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14809521










BEST BUILDS SUSTAINABLE CONSTRUCTION LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
REGISTERED NUMBER: 14809521

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

Period Ended
2024
Note
£

Fixed assets
  

Tangible assets
 4 
32,183

  
32,183

Current assets
  

Stocks
  
3,000

Debtors: amounts falling due within one year
 5 
11,719

Bank and cash balances
  
5,590

  
20,309

Creditors: amounts falling due within one year
 6 
(30,230)

Net current (liabilities)/assets
  
 
 
(9,921)

Total assets less current liabilities
  
22,262

Creditors: amounts falling due within 2-5 years
  
(9,673)

  

Net assets
  
12,589


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
12,489

  
12,589


Page 1

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
REGISTERED NUMBER: 14809521

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 February 2025.




Alexander Best
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Best Builds Sustainable Construction Ltd is a UK company incorporated in England and Wales with a registered number of 14809521 and registered address of Farwell Farm, East Hill, Ottery St. Mary, Devon, EX11 1QF. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

FINANCIAL INSTRUMENTS

Page 4

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.11
FINANCIAL INSTRUMENTS (continued)

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Page 5

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.11
FINANCIAL INSTRUMENTS (continued)

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.


3.


EMPLOYEES

2024
£

Cost of pension contributions
1,800

1,800


The average monthly number of employees, including directors, during the period was 1.

Page 6

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


Additions
39,594
445
40,039


Disposals
(3,019)
-
(3,019)



At 30 April 2024

36,575
445
37,020



Depreciation


Charge for the period on owned assets
4,726
111
4,837



At 30 April 2024

4,726
111
4,837



Net book value



At 30 April 2024
31,849
334
32,183




The net book value of land and buildings may be further analysed as follows:





The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


Period Ended
2024
£



Plant and machinery
20,514

20,514


5.


DEBTORS

Period Ended
2024
£


Prepayments and accrued income
11,719

11,719


Page 7

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

6.


CREDITORS: Amounts falling due within one year

Period Ended
2024
£

Bank loans
1,433

Trade creditors
7,106

Other taxation and social security
1,932

Obligations under finance lease and hire purchase contracts
5,047

Other creditors
12,969

Accruals and deferred income
1,743

30,230



7.


CREDITORS: Amounts falling due after more than one year

Period Ended
2024
£

Net obligations under finance leases and hire purchase contracts
9,673

9,673



8.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

Period Ended
2024
£


Within one year
5,047

Between 1-5 years
9,673

14,720


9.


SHARE CAPITAL

Period Ended
2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100

Page 8

 
BEST BUILDS SUSTAINABLE CONSTRUCTION LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

9.SHARE CAPITAL (CONTINUED)


During the period 100 Ordinary shares with a nominal value of £1 each were allotted.


Page 9