Net Zero Builders Ltd 14517971 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a building contractor Digita Accounts Production Advanced 6.30.9574.0 true true 14517971 2024-01-01 2024-12-31 14517971 2024-12-31 14517971 core:RetainedEarningsAccumulatedLosses 2024-12-31 14517971 core:ShareCapital 2024-12-31 14517971 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14517971 core:MotorVehicles 2024-12-31 14517971 bus:SmallEntities 2024-01-01 2024-12-31 14517971 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14517971 bus:FilletedAccounts 2024-01-01 2024-12-31 14517971 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14517971 bus:RegisteredOffice 2024-01-01 2024-12-31 14517971 bus:Director1 2024-01-01 2024-12-31 14517971 bus:Director2 2024-01-01 2024-12-31 14517971 bus:EntityHasNeverTraded 2024-01-01 2024-12-31 14517971 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14517971 core:MotorVehicles 2024-01-01 2024-12-31 14517971 countries:AllCountries 2024-01-01 2024-12-31 14517971 2022-12-01 2023-12-31 14517971 2023-12-31 14517971 core:RetainedEarningsAccumulatedLosses 2023-12-31 14517971 core:ShareCapital 2023-12-31 14517971 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14517971

Net Zero Builders Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Net Zero Builders Ltd

(Registration number: 14517971)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,250

-

Current assets

 

Cash at bank and in hand

 

49,726

2

Creditors: Amounts falling due within one year

5

(51,015)

-

Net current (liabilities)/assets

 

(1,289)

2

Net assets

 

961

2

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

959

-

Shareholders' funds

 

961

2

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 April 2025 and signed on its behalf by:
 

.........................................
SM Cooper
Director

.........................................
M Fletcher
Director

 

Net Zero Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Wassell Grove Business Centre
Wassell Grove Lane
Hagley
Stourbridge
DY9 9JH

These financial statements were authorised for issue by the Board on 11 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Net Zero Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

 

Net Zero Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

3,000

3,000

At 31 December 2024

3,000

3,000

Depreciation

Charge for the year

750

750

At 31 December 2024

750

750

Carrying amount

At 31 December 2024

2,250

2,250

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

100

-

Taxation and social security

50,915

-

51,015

-

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2