Registered number
04844921
Build-Rite Building Services Limited
Filleted Accounts
30 September 2024
Applied Accountancy Limited
Build-Rite Building Services Limited
Registered number: 04844921
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 6,161 7,436
6,162 7,437
Current assets
Debtors 5 60,664 15,122
Cash at bank and in hand 117,761 217,730
178,425 232,852
Creditors: amounts falling due within one year 6 (21,031) (19,660)
Net current assets 157,394 213,192
Total assets less current liabilities 163,556 220,629
Provisions for liabilities - (1,413)
Net assets 163,556 219,216
Capital and reserves
Called up share capital 100 100
Profit and loss account 163,456 219,116
Shareholders' funds 163,556 219,216
The director is 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 director acknowledges his 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.
Stuart Lear
Director
Approved and signed on 10 March 2025
Build-Rite Building Services Limited
Notes to the Accounts
for the year ended 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 represents the amounts receivable for goods and services net of VAT and trade discounts. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under its contracts. It is measured at the fair value of the right to consideration as contract activity progresses.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. It is amortised in equal instalments over its estimated economic life of 20 years.
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 25% on a reducing balance basis
Motor vehicles 25% on a reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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 2 2
3 Intangible fixed assets
Goodwill: £
Cost
At 1 October 2023 30,000
At 30 September 2024 30,000
Amortisation
At 1 October 2023 29,999
At 30 September 2024 29,999
Net book value
At 30 September 2024 1
At 30 September 2023 1
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 27,473
Additions 778
At 30 September 2024 28,251
Depreciation
At 1 October 2023 20,037
Charge for the year 2,053
Surplus on revaluation -
At 30 September 2024 22,090
Net book value
At 30 September 2024 6,161
At 30 September 2023 7,436
5 Debtors 2024 2023
£ £
Trade debtors 47,500 14,100
Other debtors 13,164 1,022
60,664 15,122
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,503 3,863
Taxation and social security costs 8,626 12,235
Other creditors 3,902 3,562
21,031 19,660
7 Other information
Build-Rite Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
39 Old Hadlow Road
Tonbridge
Kent
TN10 4EX
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