Company No:
Contents
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
|
|
|
| 1,021 | 1,361 | |||
| Current assets | ||||
| Debtors | 4 |
|
|
|
| Cash at bank and in hand | 5 |
|
|
|
| 37,292 | 32,895 | |||
| Creditors: amounts falling due within one year | 6 | (
|
(
|
|
| Net current (liabilities)/assets | (1,207) | 17,474 | ||
| Total assets less current liabilities | (186) | 18,835 | ||
| Creditors: amounts falling due after more than one year | (
|
(
|
||
| Provision for liabilities | (
|
(
|
||
| Net (liabilities)/assets | (
|
|
||
| Capital and reserves | ||||
| Called-up share capital |
|
|
||
| Profit and loss account | (
|
|
||
| Total shareholder's (deficit)/funds | (
|
|
Director's responsibilities:
The financial statements of Bbb Projects And Design Limited (registered number:
|
L K J Van Den Broek
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
BBB Projects and Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
2 Quarry Cottages
Three Oaks Lane
Wadhurst
TN5 6PX
England
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' FRS 102 1A, and with the Companies Act 2006.
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.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
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.
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.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
| Fixtures and fittings |
|
| Office equipment |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.
Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
|
|
| Fixtures and fittings | Office equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 28 September 2023 |
|
|
|
||
| At 27 September 2024 |
|
|
|
||
| Accumulated depreciation | |||||
| At 28 September 2023 |
|
|
|
||
| Charge for the financial year |
|
|
|
||
| At 27 September 2024 |
|
|
|
||
| Net book value | |||||
| At 27 September 2024 |
|
|
|
||
| At 27 September 2023 |
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors |
|
|
|
| Other debtors |
|
|
|
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Cash at bank and in hand |
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Corporation tax |
|
(
|
|
| Other creditors |
|
|
|
|
|
|
Transactions with the entity's director
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts payable to Director | 36,551 | 15,178 |
The loan from the director to the company is unsecured, interest free and repayable on demand.