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REGISTERED NUMBER: 02883570 (England and Wales)











Financial Statements

for the Year Ended 30 November 2024

for

BB Construction Limited

BB Construction Limited (Registered number: 02883570)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BB Construction Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: A Witter
D Elliston
M Phillips





SECRETARY: M Phillips





REGISTERED OFFICE: Chapel Lane
Great Blakenham
Ipswich
Suffolk
IP6 0JT





REGISTERED NUMBER: 02883570 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

BB Construction Limited (Registered number: 02883570)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,518 38,785

CURRENT ASSETS
Debtors 5 302,630 170,338
Cash at bank 200,934 219,871
503,564 390,209
CREDITORS
Amounts falling due within one year 6 377,116 285,806
NET CURRENT ASSETS 126,448 104,403
TOTAL ASSETS LESS CURRENT LIABILITIES 156,966 143,188

CREDITORS
Amounts falling due after more than one
year

7

(6,672

)

(16,672

)

PROVISIONS FOR LIABILITIES 10 (6,018 ) (6,066 )
NET ASSETS 144,276 120,450

CAPITAL AND RESERVES
Called up share capital 11 15,000 15,000
Retained earnings 129,276 105,450
SHAREHOLDERS' FUNDS 144,276 120,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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.

BB Construction Limited (Registered number: 02883570)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:




A Witter - Director



M Phillips - Director


BB Construction Limited (Registered number: 02883570)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

BB Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Amounts recoverable on contracts - In determining the carrying value of amounts recoverable on contracts, the directors regularly review each contact using their experience and detailed contract data in order to determine whether any amounts are considered irrecoverable. Such amounts are written off as identified.

Turnover
Turnover represents the value of work invoiced during the year, excluding VAT, and with respect to long term contracts turnover is recognised by reference to valuations of the work completed at the Statement of Financial Position date. Any such amounts not invoiced at the year end are recognised as amounts recoverable on contract. Contract amounts considered irrecoverable are written off as identified.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BB Construction Limited (Registered number: 02883570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 76,523 21,573 77,114 175,210
Additions - 196 - 196
At 30 November 2024 76,523 21,769 77,114 175,406
DEPRECIATION
At 1 December 2023 74,874 20,633 40,918 136,425
Charge for year 724 500 7,239 8,463
At 30 November 2024 75,598 21,133 48,157 144,888
NET BOOK VALUE
At 30 November 2024 925 636 28,957 30,518
At 30 November 2023 1,649 940 36,196 38,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,679 28,954
Amounts owed by group undertakings - 162
Amounts owed by related undertakings 101,909 30,519
Amounts recoverable on contract 109,699 104,863
Other debtors 7,343 5,840
302,630 170,338

BB Construction Limited (Registered number: 02883570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 160,167 77,950
Amounts owed to group undertakings 131,710 161,701
Taxation and social security 67,772 29,028
Other creditors 7,467 7,127
377,116 285,806

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 6,672 16,672

8. LOANS

The loan balance relates to a bounce back loan guaranteed by the Government.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 21,672 31,841
Between one and five years 43,344 92,869
65,016 124,710

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,018 6,066

Deferred
tax
£   
Balance at 1 December 2023 6,066
Credit to Statement of Income and Retained Earnings during year (48 )
Balance at 30 November 2024 6,018

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary £1 15,000 15,000