| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Buildpartner Technology Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Buildpartner Technology Ltd |
| Buildpartner Technology Ltd (Registered number: 11739530) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 7 |
| Buildpartner Technology Ltd |
| Company Information |
| for the year ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2 Maple Court |
| Davenport Street |
| Macclesfield |
| Cheshire |
| SK10 1JE |
| Buildpartner Technology Ltd (Registered number: 11739530) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| Buildpartner Technology Ltd (Registered number: 11739530) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Buildpartner Technology Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has met its day to day working capital requirements through financial support of the directors. The directors are confident that they can continue to support the company and therefore feel that the accounts should be prepared on a going concern basis. |
| Goodwill |
| Internally generated intangible assets |
| The company has developed proprietary software for use by customers. Development costs that are directly attributable to design, development, testing and implementation of the website owned by the Company are recognised as intangible assets when the following criteria are met: |
| - It is technically feasible to develop the product for it to be used or sold; |
| - adequate resources are available to complete the development; |
| - there is an intention to complete the product; |
| - the Company is able to use or sell the product; |
| - utilising the asset will generate future economic benefit to the company; and |
| - expenditure on the project can be measured reliably. |
| Development expenditure not satisfying the above criteria and expenditure on the research phase of internal projects are recognised in the Income Statement. |
| The Company capitalises internally generate software costs, including directly attributable development costs from employees and contractors. The Company tests whether internally generated software development costs have suffered any indicators of impairment in accordance with the relevant accounting policy. |
| Intangible assets |
| Intangible assets are initially recognised at cost. After initial recognition, intangibles are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Patents and licences are being amortised evenly over their estimated useful life of five years. |
| Website development costs are amortised evenly over their estimated useful life of either five or ten years. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Fixtures and fittings - 25% on cost |
| Computer equipment - 25% on cost |
| Buildpartner Technology Ltd (Registered number: 11739530) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Share capital |
| Ordinary & Deferred shares are classed as equity. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| Operating leases |
| Rentals payable under operating leases are charged to the Income Statement on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| AMORTISATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Buildpartner Technology Ltd (Registered number: 11739530) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £0.01 | 519 | 511 |
| Deferred | £0.01 | 29 | 29 |
| 548 | 540 |
| Buildpartner Technology Ltd (Registered number: 11739530) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 9. | CALLED UP SHARE CAPITAL - continued |
| Between 01 May 2024 and 30 September 2024, 650 Ordinary shares were issued with a nominal value of £0.01, at a premium of £104.16. |
| 10. | OTHER FINANCIAL COMMITMENTS |
| At the balance sheet date the company has non cancellable operating lease commitments totalling £382 (2023: £1,036). |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the reporting date the company owed the directors £1,202 (2023: £23,325) which is repayable on demand and attracts no interest. |
| 12. | POST BALANCE SHEET EVENTS |
| On 27 January 2025, 48 Ordinary shares were issued with a nominal value of £0.01, at a premium of £104.16. |
| On 06 February 2025, 156 Ordinary shares were issued with a nominal value of £0.01, at a premium of £104.15. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Buildpartner Technology Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buildpartner Technology Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Buildpartner Technology Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Buildpartner Technology Ltd and state those matters that we have agreed to state to the Board of Directors of Buildpartner Technology Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buildpartner Technology Ltd and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Buildpartner Technology Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Buildpartner Technology Ltd. You consider that Buildpartner Technology Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Buildpartner Technology Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 2 Maple Court |
| Davenport Street |
| Macclesfield |
| Cheshire |
| SK10 1JE |