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REGISTERED NUMBER: 12401097 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BUILD-RIGHT (SOUTH) LTD

BUILD-RIGHT (SOUTH) LTD (REGISTERED NUMBER: 12401097)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


BUILD-RIGHT (SOUTH) LTD (REGISTERED NUMBER: 12401097)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 11,179 183

Current assets
Debtors 5 1,297 16,129
Cash at bank 353 189
1,650 16,318
Creditors
Amounts falling due within one year 6 8,869 8,687
Net current (liabilities)/assets (7,219 ) 7,631
Total assets less current liabilities 3,960 7,814

Creditors
Amounts falling due after more than one year 7 (2,561 ) (7,683 )

Provisions for liabilities 8 - (35 )
Net assets 1,399 96

Capital and reserves
Called up share capital 9 1 1
Retained earnings 1,398 95
Shareholders' funds 1,399 96

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:




Mr S Morrison - Director


BUILD-RIGHT (SOUTH) LTD (REGISTERED NUMBER: 12401097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. Statutory information

Build-Right (South) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12401097. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Southlands, Nadderwater, Exeter EX4 2JH.

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.

Turnover
Turnover represents income from building and construction services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

BUILD-RIGHT (SOUTH) LTD (REGISTERED NUMBER: 12401097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 January 2024 570
Additions 14,723
At 31 December 2024 15,293
Depreciation
At 1 January 2024 387
Charge for year 3,727
At 31 December 2024 4,114
Net book value
At 31 December 2024 11,179
At 31 December 2023 183

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 240 15,563
Directors' current accounts 1,004 513
Tax 53 53
1,297 16,129

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,122 5,122
Trade creditors 1,764 1,911
Tax 550 -
Accruals and deferred income 1,433 1,654
8,869 8,687

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 2,561 5,122
Bank loans - 2-5 years - 2,561
2,561 7,683

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax - 35

BUILD-RIGHT (SOUTH) LTD (REGISTERED NUMBER: 12401097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 January 2024 35
Provided during year (35 )
Balance at 31 December 2024 -

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr S Morrison
Balance outstanding at start of year 513 4,866
Amounts advanced 1,895 513
Amounts repaid (1,404 ) (4,866 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,004 513

At the balance sheet date the Director, Mr S Morrison, owed the company £1,004 (2023: £513). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

11. Ultimate controlling party

The director, Mr S Morrison, owns 100% of the voting share capital and is deemed to have ultimate control.