Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08174039 Sundeep Bimbhra Surinder Bimbhra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08174039 2023-07-31 08174039 2024-07-31 08174039 2023-08-01 2024-07-31 08174039 frs-core:CurrentFinancialInstruments 2024-07-31 08174039 frs-core:Non-currentFinancialInstruments 2024-07-31 08174039 frs-core:BetweenOneFiveYears 2024-07-31 08174039 frs-core:MotorVehicles 2024-07-31 08174039 frs-core:MotorVehicles 2023-08-01 2024-07-31 08174039 frs-core:MotorVehicles 2023-07-31 08174039 frs-core:PlantMachinery 2024-07-31 08174039 frs-core:PlantMachinery 2023-08-01 2024-07-31 08174039 frs-core:PlantMachinery 2023-07-31 08174039 frs-core:WithinOneYear 2024-07-31 08174039 frs-core:ShareCapital 2024-07-31 08174039 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08174039 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08174039 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08174039 frs-bus:SmallEntities 2023-08-01 2024-07-31 08174039 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08174039 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08174039 frs-bus:Director1 2023-08-01 2024-07-31 08174039 frs-bus:Director2 2023-08-01 2024-07-31 08174039 frs-countries:EnglandWales 2023-08-01 2024-07-31 08174039 2022-07-31 08174039 2023-07-31 08174039 2022-08-01 2023-07-31 08174039 frs-core:CurrentFinancialInstruments 2023-07-31 08174039 frs-core:Non-currentFinancialInstruments 2023-07-31 08174039 frs-core:BetweenOneFiveYears 2023-07-31 08174039 frs-core:WithinOneYear 2023-07-31 08174039 frs-core:ShareCapital 2023-07-31 08174039 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08174039
Expert Building Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08174039
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215,688 183,821
215,688 183,821
CURRENT ASSETS
Stocks 5 100,000 150,000
Debtors 6 999,508 723,744
Cash at bank and in hand 187,089 224,104
1,286,597 1,097,848
Creditors: Amounts Falling Due Within One Year 7 (612,348 ) (647,285 )
NET CURRENT ASSETS (LIABILITIES) 674,249 450,563
TOTAL ASSETS LESS CURRENT LIABILITIES 889,937 634,384
Creditors: Amounts Falling Due After More Than One Year 8 (125,073 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,081 ) (34,926 )
NET ASSETS 710,783 599,458
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 710,781 599,456
SHAREHOLDERS' FUNDS 710,783 599,458
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Sundeep Bimbhra
Director
20 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Expert Building Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08174039 . The registered office is 5 - 7 Station Road, Longfield, Kent, DA3 7QD.
On 28th August 2024, the company changed its name from Expert Maintenance Services Ltd to Expert Building Contractors Ltd . The change was registered with Companies House on 4th Septemer 2024, and all references to the company in these financial statements reflect this change."
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 11)
13 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 6,616 325,445 332,061
Additions 2,344 79,642 81,986
As at 31 July 2024 8,960 405,087 414,047
Depreciation
As at 1 August 2023 3,870 144,370 148,240
Provided during the period 764 49,355 50,119
As at 31 July 2024 4,634 193,725 198,359
Net Book Value
As at 31 July 2024 4,326 211,362 215,688
As at 1 August 2023 2,746 181,075 183,821
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5. Stocks
2024 2023
£ £
Work in progress 100,000 150,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 261,844 133,565
Other debtors 737,664 590,179
999,508 723,744
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 50,772 -
Trade creditors 246,785 318,299
Other creditors 138,508 186,048
Taxation and social security 176,283 142,938
612,348 647,285
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 125,073 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 50,772 -
Later than one year and not later than five years 125,073 -
175,845 -
175,845 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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