Registered number
08790229
Build a Solution Ltd
Report and Accounts
31 December 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Build a Solution Ltd
Registered number: 08790229
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 45,881 33,656
Current assets
Stocks 8,000 -
Debtors 5 143,236 217,072
Cash at bank and in hand 57,183 59,248
208,419 276,320
Creditors: amounts falling due within one year 6 (64,625) (69,030)
Net current assets 143,794 207,290
Total assets less current liabilities 189,675 240,946
Provisions for liabilities (3,823) -
Net assets 185,852 240,946
Capital and reserves
Called up share capital 2 2
Profit and loss account 185,850 240,944
Shareholders' funds 185,852 240,946
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.
D Morris
Director
Approved by the board on 10 April 2025
Build a Solution Ltd
Notes to the Accounts
for the year ended 31 December 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.
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 25% reducing balance
Motor vehicles 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 11,673
At 31 December 2024 11,673
Amortisation
At 1 January 2024 11,673
At 31 December 2024 11,673
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 4,588 55,240 59,828
Additions - 32,991 32,991
Disposals - (11,723) (11,723)
At 31 December 2024 4,588 76,508 81,096
Depreciation
At 1 January 2024 4,077 22,095 26,172
Charge for the year 128 18,610 18,738
On disposals - (9,695) (9,695)
At 31 December 2024 4,205 31,010 35,215
Net book value
At 31 December 2024 383 45,498 45,881
At 31 December 2023 511 33,145 33,656
5 Debtors 2024 2023
£ £
Trade debtors 100,714 92,917
Amounts owed by group undertakings and undertakings in which the company has a participating interest 38,180 123,724
Other debtors 4,342 431
143,236 217,072
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 50,000 24,513
Corporation tax 13,124 26,079
Other taxes and social security costs - 16,353
Other creditors 1,501 2,085
64,625 69,030
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