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REGISTERED NUMBER: 01692536 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Building Design (Northern) Limited

Building Design (Northern) Limited (Registered number: 01692536)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Building Design (Northern) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R G Marsden
L Darwin
R B E Richardson
A J Webb
J T Warner
R G Doyle





REGISTERED OFFICE: The Old School
Simpson Street
Sunderland
SR4 6DR





REGISTERED NUMBER: 01692536 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Building Design (Northern) Limited (Registered number: 01692536)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,471 92,636

CURRENT ASSETS
Stocks 84,000 48,000
Debtors 5 1,290,801 418,879
Cash at bank 135,391 359,328
1,510,192 826,207
CREDITORS
Amounts falling due within one year 6 667,534 392,866
NET CURRENT ASSETS 842,658 433,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,129

525,977

CREDITORS
Amounts falling due after more than one
year

7

(318,320

)

(233,772

)

PROVISIONS FOR LIABILITIES 10 (12,594 ) (14,402 )
NET ASSETS 589,215 277,803

CAPITAL AND RESERVES
Called up share capital 11 166 166
Capital redemption reserve 150 150
Retained earnings 588,899 277,487
SHAREHOLDERS' FUNDS 589,215 277,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Building Design (Northern) Limited (Registered number: 01692536)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





R G Marsden - Director


Building Design (Northern) Limited (Registered number: 01692536)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Building Design (Northern) 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.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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

Income recognition
Revenue is recognised as work is done and any unbilled income is included as work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over period of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

Government grants
Revenue based grants are credited to the profit and loss account on receipt.

Stocks
Work in progress represents unbilled income.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Building Design (Northern) Limited (Registered number: 01692536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 9,375 86,435 78,975 64,054 238,839
Additions - 924 - 15,988 16,912
At 30 June 2024 9,375 87,359 78,975 80,042 255,751
DEPRECIATION
At 1 July 2023 1,000 78,292 16,453 50,458 146,203
Charge for year 938 1,339 15,630 14,170 32,077
At 30 June 2024 1,938 79,631 32,083 64,628 178,280
NET BOOK VALUE
At 30 June 2024 7,437 7,728 46,892 15,414 77,471
At 30 June 2023 8,375 8,143 62,522 13,596 92,636

Building Design (Northern) Limited (Registered number: 01692536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 336,550 235,105
Other debtors 932,000 166,366
Prepayments and accrued income 22,251 17,408
1,290,801 418,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,117 60,590
Hire purchase contracts (see note 8) 10,299 9,685
Trade creditors 106,544 95,733
Amounts owed to group companies 115,057 19,966
Taxation and social security 170,230 115,563
Other creditors 32,004 49,242
Directors' current accounts 141,993 12,000
Accruals and deferred income 32,290 30,087
667,534 392,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 64,857 60,592
Bank loans - 2-5 years 149,163 117,219
Bank loans more than 5 years 58,638 -
Hire purchase contracts (see note 8) 45,662 55,961
318,320 233,772

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 58,638 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,299 9,685
Between one and five years 45,662 55,961
55,961 65,646

Building Design (Northern) Limited (Registered number: 01692536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 73,130 73,245
Between one and five years 288,639 289,491
In more than five years 132,000 204,000
493,769 566,736

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 331,775 238,401
Hire purchase contracts 55,961 65,646
387,736 304,047

Hire purchase contracts are secured on the assets to which they relate.

The bank loan is secured over the fixed and floating assets of the company.

There is a charge over all fixed and floating assets of the company, between the company and Barclays Security Trustee Limited.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,594 14,402

Deferred
tax
£   
Balance at 1 July 2023 14,402
Accelerated capital allowances (1,808 )
Balance at 30 June 2024 12,594

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
108,329 A Ordinary £0.00 1 108 108
41,665 B Ordinary £0.00 1 41 41
16,666 C Ordinary £0.00 1 17 17
166 166

Building Design (Northern) Limited (Registered number: 01692536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at a market rate.

There were no related party transactions other than those concluded under normal market condition, except for those shown below:

2024 2023
£ £
Amounts due to directors 141,993 12,000
Amounts due to parent company 115,057 19,966
Rent paid to parent company 60,000 58,719
No interest has been charged.

13. ULTIMATE PARENT COMPANY

The ultimate controlling party is R G Marsden.

The ultimate parent company is Freola Holdings Limited. Their registered office address is The Old School, Simpson Street, Sunderland, England, SR4 6DR.