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Registration number: 07835892

Building and Handyman Fulham Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Building and Handyman Fulham Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Building and Handyman Fulham Limited

Company Information

Directors

T Job

A Job

Registered office

Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

Accountants

Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Building and Handyman Fulham Limited

(Registration number: 07835892)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Non current assets

 

Property, plant and equipment

4

48,650

82,461

Current assets

 

Inventories

5

22,429

22,123

Receivables

6

317,905

193,768

Cash at bank and in hand

 

29,476

19,349

 

369,810

235,240

Payables: Amounts falling due within one year

7

(389,716)

(249,405)

Net current liabilities

 

(19,906)

(14,165)

Total assets less current liabilities

 

28,744

68,296

Payables: Amounts falling due after more than one year

7

(19,548)

(45,676)

Provisions for liabilities

8

(8,971)

(14,498)

Net assets

 

225

8,122

Equity

 

Called up share capital

9

100

100

Retained earnings

9

125

8,022

Shareholders' funds

 

225

8,122

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

 

Building and Handyman Fulham Limited

(Registration number: 07835892)
Statement of Financial Position as at 30 September 2024 (continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

The financial statements of Building and Handyman Fulham Limited were approved and authorised for issue by the Board on 4 June 2025 and signed on its behalf by:
 

.........................................

T Job
Director

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

1

General information

Building and Handyman Fulham Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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.

The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. Thus they continue to adopt the going concern basis
in preparing the annual financial statements.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the income statement 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.

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

straight line over the lease period

Furniture, fittings and equipment

25% straight line

Motor vehicles

25% straight line

Motor vehicles (leased)

straight line over the lease period

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand and is subject to insignificant risk of change in value.

Receivables

Receivables are amounts due from customers for services performed in the ordinary course of business. Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Inventories

The cost of work in progress comprises direct materials and direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, inventories are assessed for impairment. If inventories are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Property, plant and equipment

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 October 2023

3,209

17,816

155,043

176,068

Additions

-

408

-

408

At 30 September 2024

3,209

18,224

155,043

176,476

Depreciation

At 1 October 2023

3,209

16,442

73,955

93,606

Charge for the year

-

593

33,627

34,220

At 30 September 2024

3,209

17,035

107,582

127,826

Carrying amount

At 30 September 2024

-

1,189

47,461

48,650

At 30 September 2023

-

1,373

81,088

82,461

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

5

Inventories

2024
£

2023
£

Work in progress

22,429

22,123

6

Receivables

2024
£

2023
£

Trade receivables

20,600

39,022

Other receivables

214,491

153,941

Prepayments

82,814

805

317,905

193,768

7

Payables

2024
£

2023
£

Due within one year

Loans and borrowings

39,058

49,928

Trade payables

34,754

16,711

Amounts due to related parties

1,269

1,269

Social security and other taxes

70,372

109,021

Corporation tax

31,846

11,343

Outstanding defined contribution pension costs

237

375

Other payables

192,203

41,123

Accruals

19,977

19,635

389,716

249,405

Due after one year

Loans and borrowings

19,548

45,676

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

7

Payables (continued)

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

19,548

45,676

8

Provisions for liabilities

Deferred tax
£

At 1 October 2023

14,498

Increase in existing provisions

(5,527)

At 30 September 2024

8,971

9

Share capital and reserves

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       


Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,833

15,833

Hire purchase

11,456

19,627

Finance lease liabilities

2,259

10,216

19,548

45,676

Current loans and borrowings

2024
£

2023
£

Bank borrowings

23,307

24,921

Hire purchase

8,171

15,240

Finance lease liabilities

7,580

9,767

39,058

49,928

11

Dividends

2024

2023

£

£

Final dividend of £800.00 (2023 - £1,100.00) per ordinary share

80,000

110,000

 

 

12

Related party transactions

The company is controlled by Property Building Services Group Ltd (Company incorporated in England & Wales) which owns 100% of voting share capital. Ultimate controlling party is T Job, director.

At 30 September 2024 the company was owed £170,423 (2023: £121,571) by T Job, the company's director.

During the year dividends of £80,000 (2023: £110,000) were paid to Property Building Services Group Ltd.

 

Building and Handyman Fulham Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

13

Events after the financial period

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.