Registered number
SC414395
BINGHAM HOMES & CO. LIMITED
Filleted Accounts
31 March 2025
BINGHAM HOMES & CO. LIMITED
Registered number: SC414395
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 170,902 170,902
Current assets
Cash at bank and in hand 108,928 133,845
Creditors: amounts falling due within one year 4 (1,278) 2,714
Net current assets 107,650 136,559
Net assets 278,552 307,461
Capital and reserves
Called up share capital 100 100
Profit and loss account 278,452 307,361
Shareholder's funds 278,552 307,461
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
James Whyte
Director
Approved by the board on 12 May 2025
BINGHAM HOMES & CO. LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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 (as applied to small entities by section 1A of the standard).
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 over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 170,902 12,524 183,426
At 31 March 2025 170,902 12,524 183,426
Depreciation
At 1 April 2024 - 12,524 12,524
At 31 March 2025 - 12,524 12,524
Net book value
At 31 March 2025 170,902 - 170,902
At 31 March 2024 170,902 - 170,902
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs (8) (4,000)
Other creditors 1,286 1,286
1,278 (2,714)
5 Other information
BINGHAM HOMES & CO. LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Ballagan Farm
Balloch
Alexandria
G83 8LY
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