Registered number
07072353
Build 2 Design Limited
Unaudited Filleted Accounts
30 November 2024
Build 2 Design Limited
Registered number: 07072353
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 141,741 114,671
Investments 4 9,294 9,294
151,035 123,965
Current assets
Stocks 120,125 363,735
Debtors 5 262,032 839,413
Cash at bank and in hand 1,220,533 191,086
1,602,690 1,394,234
Creditors: amounts falling due within one year 6 (937,789) (698,518)
Net current assets 664,901 695,716
Total assets less current liabilities 815,936 819,681
Creditors: amounts falling due after more than one year 7 (46,443) (290,633)
Provisions for liabilities (35,435) (28,668)
Net assets 734,058 500,380
Capital and reserves
Called up share capital 100 100
Profit and loss account 733,958 500,280
Shareholders' funds 734,058 500,380
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Evans
Director
Approved by the board on 30 May 2025
Build 2 Design Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amounts derived from the provision of goods and services in the UK which falls within the company's ordinary activities stated after trade discounts and net of value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 13
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 December 2023 80,283 172,347 252,630
Additions 74,317 - 74,317
Disposals - - -
At 30 November 2024 154,600 172,347 326,947
Depreciation
At 1 December 2023 56,569 81,390 137,959
Charge for the year 24,508 22,739 47,247
On disposals - - -
At 30 November 2024 81,077 104,129 185,206
Net book value
At 30 November 2024 73,523 68,218 141,741
At 30 November 2023 23,714 90,957 114,671
4 Investments
Investments in
subsidiary
undertakings Total
£ £
Cost
At 1 December 2023 9,294 9,294
Additions - -
Disposals - -
At 30 November 2024 9,294 9,294
5 Debtors 2024 2023
£ £
Trade debtors 261,466 838,847
Other debtors 566 566
262,032 839,413
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 148,572 220,057
Obligations under finance lease and hire purchase contracts 33,722 48,448
Trade creditors 409,572 248,586
Taxation and social security costs 331,451 171,392
Other creditors 14,472 10,035
937,789 698,518
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,280 275,389
Obligations under finance lease and hire purchase contracts 33,163 15,244
46,443 290,633
8 Related party transactions
The company occupies premises owned by J Evans and Mrs S Evans. No rent was paid during the year.
9 Controlling party
The ultimate controlling party of the company is J Evans and Mrs S Evans jointly.
10 Other information
Build 2 Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Five Oak Stables
Layhams Road
Keston
Kent
BR2 6AR
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