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COMPANY REGISTRATION NUMBER: 04130083
Onsite Building Control Ltd
Filleted Unaudited Financial Statements
31 December 2024
Onsite Building Control Ltd
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Onsite Building Control Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
99,490
67,287
Cash at bank and in hand
21,340
32,595
---------
--------
120,830
99,882
Creditors: amounts falling due within one year
6
84,210
61,852
---------
--------
Net current assets
36,620
38,030
--------
--------
Total assets less current liabilities
36,620
38,030
--------
--------
Net assets
36,620
38,030
--------
--------
Onsite Building Control Ltd
Statement of Financial Position (continued)
31 December 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
36,520
37,930
--------
--------
Shareholders funds
36,620
38,030
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
Mr P Morley
Director
Company registration number: 04130083
Onsite Building Control Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Deferred taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2024 and 31 December 2024
7,338
7,338
-------
-------
Depreciation
At 1 January 2024 and 31 December 2024
7,338
7,338
-------
-------
Carrying amount
At 31 December 2024
-------
-------
At 31 December 2023
-------
-------
5. Debtors
2024
2023
£
£
Trade debtors
90,840
57,668
Other debtors
8,650
9,619
--------
--------
99,490
67,287
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
139
330
Social security and other taxes
231
Other creditors
84,071
61,291
--------
--------
84,210
61,852
--------
--------
7. Related party transactions
During the year the company was charged £488,626 (2023 - £440,112) by the directors for consultancy services.