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Company Registration No. 12284004 (England and Wales)
BUILDING SPACE BRISTOL LIMITED Unaudited accounts for the year ended 31 October 2024
BUILDING SPACE BRISTOL LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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BUILDING SPACE BRISTOL LIMITED Company Information for the year ended 31 October 2024
Director
Thomas Collis
Company Number
12284004 (England and Wales)
Registered Office
3 Downs Park Bristol BS6 7QF
Accountants
Evans Entwistle Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BUILDING SPACE BRISTOL LIMITED for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BUILDING SPACE BRISTOL LIMITED for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL 3 January 2025
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BUILDING SPACE BRISTOL LIMITED Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
14,689
16,368
Current assets
Debtors
-
4
Cash at bank and in hand
10,805
4,816
10,805
4,820
Creditors: amounts falling due within one year
(11,678)
(7,761)
Net current liabilities
(873)
(2,941)
Total assets less current liabilities
13,816
13,427
Creditors: amounts falling due after more than one year
(4,736)
(9,620)
Provisions for liabilities
Deferred tax
5
(2,791)
(3,110)
Net assets
6,289
697
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
6,288
696
Shareholders' funds
6,289
697
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 January 2025 and were signed on its behalf by
Thomas Collis Director Company Registration No. 12284004
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BUILDING SPACE BRISTOL LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
BUILDING SPACE BRISTOL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12284004. The registered office is 3 Downs Park, Bristol, BS6 7QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BUILDING SPACE BRISTOL LIMITED Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 November 2023
16,788
At 31 October 2024
16,788
Depreciation
At 1 November 2023
420
Charge for the year
1,679
At 31 October 2024
2,099
Net book value
At 31 October 2024
14,689
At 31 October 2023
16,368
5
Deferred taxation
2024
2023
£
£
Accelerated capital allowances
2,791
3,110
2024
2023
£
£
Provision at start of year
3,110
761
(Credited)/charged to the profit and loss account
(319)
2,349
Provision at end of year
2,791
3,110
6
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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