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REGISTERED NUMBER: 09510907 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BEST LITTLE BUILDING CO. LIMITED

BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEST LITTLE BUILDING CO. LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J Ward
Miss L E Powell
Miss H E Noble





SECRETARY: Miss H E Noble





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 09510907 (England and Wales)






BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 247,559 195,650
Investments 6 1,000 -
248,559 195,650

CURRENT ASSETS
Stocks 358,400 304,377
Debtors 7 903,778 456,356
Cash at bank and in hand 175,406 412,935
1,437,584 1,173,668
CREDITORS
Amounts falling due within one year 8 1,066,025 828,116
NET CURRENT ASSETS 371,559 345,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,118

541,202

CREDITORS
Amounts falling due after more than one year 9 (153,095 ) (156,418 )

PROVISIONS FOR LIABILITIES (49,923 ) (26,937 )
NET ASSETS 417,100 357,847

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 417,000 357,747
417,100 357,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)

Balance Sheet - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





Mr J Ward - Director


BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Best Little Building Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 11,000
AMORTISATION
At 1 April 2023
and 31 March 2024 11,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Office and Motor
to property Equipment fittings vehicles Totals
£ £ £ £ £
COST
At 1 April 2023 33,088 98,265 14,570 170,256 316,179
Additions - 19,423 2,830 109,092 131,345
Disposals (33,088 ) (8,682 ) - - (41,770 )
At 31 March 2024 - 109,006 17,400 279,348 405,754
DEPRECIATION
At 1 April 2023 10,133 33,690 5,118 71,588 120,529
Charge for year 5,739 17,616 2,683 35,220 61,258
Eliminated on disposal (15,872 ) (7,720 ) - - (23,592 )
At 31 March 2024 - 43,586 7,801 106,808 158,195
NET BOOK VALUE
At 31 March 2024 - 65,420 9,599 172,540 247,559
At 31 March 2023 22,955 64,575 9,452 98,668 195,650

BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 1,000
At 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 771,286 417,135
Amounts owed by group undertakings 46,276 11,899
Other debtors 7,642 7,642
Director's current account - 19,680
Value added tax 78,574 -
903,778 456,356

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 43,000 43,000
Hire purchase contracts 55,095 36,321
Trade creditors 603,184 505,911
Amounts owed to group undertakings 2,950 -
Corporation tax 67,824 43,775
Social security and other taxes 68,416 97,152
Value added tax - 91,138
Other creditors 116,242 10,819
Director's current account 109,314 -
1,066,025 828,116

The bank loan is secured by a fixed charge over the assets of the company.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans 50,167 93,167
Hire purchase contracts 102,928 63,251
153,095 156,418

BEST LITTLE BUILDING CO. LIMITED (REGISTERED NUMBER: 09510907)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. RELATED PARTY DISCLOSURES

Amounts owed by group undertakings of £46,276 is owed to the Company by other companies which are under common control.

Amounts owed to group undertakings of £2,950 is owed by the Company to another company which is under common control.

The debts have no fixed date for repayments, are repayable on demand and are non-interest bearing