REGISTERED NUMBER: 10518719 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BAZELEY CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Bazeley

REGISTERED OFFICE:

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

10518719 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

120,736

78,190

CURRENT ASSETS

Stocks

1,000

37,988

Debtors

5

95,171

86,847

Cash at bank

33,868

76,746

130,039

201,581

CREDITORS

Amounts falling due within one year

6

346,947

309,582

NET CURRENT LIABILITIES

(216,908

)

(108,001

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(96,172

)

(29,811

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(96,173

)

(29,812

)

SHAREHOLDERS' FUNDS

(96,172

)

(29,811

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2025 and were signed by:

A J Bazeley - Director

1.	STATUTORY INFORMATION

Bazeley Construction Ltd 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.

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

107,668

31,245

861

139,774

Additions

7,055

74,995

527

82,577

Disposals

-

(26,995

)

(470

)

(27,465

)

At 31 December 2024

114,723

79,245

918

194,886

DEPRECIATION

At 1 January 2024

46,336

14,704

544

61,584

Charge for year

10,258

15,543

145

25,946

Eliminated on disposal

-

(13,174

)

(206

)

(13,380

)

At 31 December 2024

56,594

17,073

483

74,150

NET BOOK VALUE

At 31 December 2024

58,129

62,172

435

120,736

At 31 December 2023

61,332

16,541

317

78,190

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

10,976

32,142

Tax

8,910

15,810

Deferred tax asset

74,420

38,895

Prepayments

865

-

95,171

86,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 7)

7,650

-

Trade creditors

59,631

90,737

Social security and other taxes

3,208

2,405

Other creditors

4,460

-

Loan Bazeley Developments Ltd

190,366

171,366

Directors' current accounts

79,503

43,022

Accrued expenses

2,129

2,052

346,947

309,582

7.

LOANS

The company received a bounce back loan in July 2020 due to the Covid 19 pandemic. The loan was for £50,000 and is guaranteed 100% by the government. The repayments started in July 2021 and interest has been shown as the amount accrued during the period.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Bazeley Developments Ltd, a company which Mr S M Bazeley is a director and shareholder, the total of £190,366.

This balance has been included under Creditors : Amounts falling due within one year. The loan is non interest bearing and is repayable on demand.