Bybrook Builders Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04394180

Bybrook Builders Limited

Filleted Unaudited Financial Statements

30 September 2024

Bybrook Builders Limited

Financial Statements

Year ended 30 September 2024

Contents	Page

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Bybrook Builders Limited

Officers and Professional Advisers

The board of directors	Mr R Uppal
	Mrs T Uppal

Registered office	Bybrook House
	Cross Bank
	Great Easton
	Market Harborough
	Leicestershire
	England
	LE16 8SR

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Bybrook Builders Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Bybrook Builders Limited

Year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bybrook Builders Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Bybrook Builders Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Bybrook Builders Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bybrook Builders Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bybrook Builders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bybrook Builders Limited. You consider that Bybrook Builders Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Bybrook Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

23 September 2025

Bybrook Builders Limited

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	53,476	84,718
Investments	6	2	2
		--------	--------
		53,478	84,720

Current assets

Stocks		1,195,526	1,078,593
Debtors	7	241,299	253,953
Cash at bank and in hand		47	2,890
		------------	------------
		1,436,872	1,335,436

Creditors: amounts falling due within one year	8	2,687,792	2,592,916
		------------	------------
Net current liabilities		1,250,920	1,257,480
		------------	------------
Total assets less current liabilities		( 1,197,442)	( 1,172,760)

Creditors: amounts falling due after more than one year	9	1,875	7,904
		------------	------------
Net liabilities		( 1,199,317)	( 1,180,664)
		------------	------------

Capital and reserves

Called up share capital	11	5,000	5,000
Profit and loss account		( 1,204,317)	( 1,185,664)
		------------	------------
Shareholders deficit		( 1,199,317)	( 1,180,664)
		------------	------------

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 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 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 .

Bybrook Builders Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr R Uppal

Director

Company registration number: 04394180

Bybrook Builders Limited

Notes to the Financial Statements

Year ended 30 September 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 Bybrook House, Cross Bank, Great Easton, Market Harborough, Leicestershire, LE16 8SR, England.

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 company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment. Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilites and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilitiesare presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. 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. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 October 2023	302,642	2,483	15,433	320,558
Disposals	( 43,213)	–	–	( 43,213)
	---------	-------	--------	---------
At 30 September 2024	259,429	2,483	15,433	277,345
	---------	-------	--------	---------
Depreciation
At 1 October 2023	222,456	2,341	11,043	235,840
Charge for the year	16,688	21	1,098	17,807
Disposals	( 29,778)	–	–	( 29,778)
	---------	-------	--------	---------
At 30 September 2024	209,366	2,362	12,141	223,869
	---------	-------	--------	---------
Carrying amount
At 30 September 2024	50,063	121	3,292	53,476
	---------	-------	--------	---------
At 30 September 2023	80,186	142	4,390	84,718
	---------	-------	--------	---------

Included within the net book value of £53,476 (2023: £84,718) is £18,945 (2023: £77,666) relating to assets held under hire purchase agreements. The amount is secured on the assets to which it relates.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2023 and 30 September 2024	2
	----
Impairment
At 1 October 2023 and 30 September 2024	–
	----

Carrying amount
At 30 September 2024	2
	----
At 30 September 2023	2
	----

Bybrook Builders Limited holds 100% share capital of 1 £1 ordinary share of Bybrook Properties Limited, which was incorporated in England and Wales.

Bybrook Builders Limited holds 100% share capital of 1 £1 ordinary share of Bybrook 2014 Limited, which was incorporated in England and Wales.

	2024	2023
	£	£
The Aggregate capital and reserves was:

Bybrook Properties Limited	(538,086)	(537,620)
Bybrook 2014 Limited	(102,116)	(72,437)


	The Profit and (loss) for the year before tax and dividends:

Bybrook Properties Limited	(466)	(375)
Bybrook 2014 Limited	(29,679)	(21,258)

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7. Debtors

	2024	2023
	£	£
Trade debtors	46,765	44,099
Amounts owed by group undertakings and undertakings in which the company has a participating interest	20,479	17,191
Other debtors	174,055	192,663
	---------	---------
	241,299	253,953
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	2,500	2,500
Trade creditors	58,268	5,821
Corporation tax	899	899
Social security and other taxes	2,474	723
Other creditors	2,623,651	2,582,973
	------------	------------
	2,687,792	2,592,916
	------------	------------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,875	4,167
Other creditors	–	3,737
	-------	-------
	1,875	7,904
	-------	-------

Hire purchase and lease agreements are secured on the assets to which they relate.

10. Hire purchase secured liability

The following secured debts are included within creditors:

	2024	2023
	£	£
Hire Purchase agreements not later than 1 year	1,187	18,928
Hire Purchase agreements later than 1 year not later than 5	–	3,737
	-------	--------
	1,187	22,665
	-------	--------

Hire purchase and lease agreements are secured on the assets to which they relate.

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	5,000	5,000	5,000	5,000
	-------	-------	-------	-------

Mrs T Uppal is the majority shareholder and ultimate controlling party of Bybrook Builders Limited by virute of holding 95% of the voting share capital.

12. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

		2024	2023
		£	£

Balance brought forward	31,546	589,266
Advances/ (Credits) to the directors	–	14,000
Amounts repaid	(20,000)	(571,720)
	--------	---------
Balance carried forward	11,546	31,546
	--------	---------

The amounts oustanding at the year end are secured and interest free.

13. Related party transactions

Included within other creditors is an amount of £2,154,400 (2023: £2,121,283) owed to Bybrook Finance Solutions Limited, a company in which R Uppal is a director. Of this amount, £1,657,923 (2023: £1,624,573) is secured. As at 30 September 2024 £182,303 (2023: £167,000) has been included in other creditors as accrued interest. Included within other debtors is an amount of £44,918 (2023: £64,918) owed by Bybrook Residential Properties Limited, a company in which R Uppal's sister is a director and majority shareholder. The amount is interest free and repayable on demand. Included within other debtors is an amount of £12,256 (2023: £12,256) owed by 15 Barnsdale Limited, a company in which R Uppal is a director. The amount is interest free and repayable on demand. Included within other debtors is an amount of £79,835 (2023: £78,279) owed by Willoughby (610) Limited, a company in which R Uppal is a director. The amount is interest free and repayable on demand. Included with other debtors is an amount of £9,010 (2023: £8,634) owed from Humberstone Park Close Limited, a company in which R Uppal is a director. The amount is interest free and repayable on demand. The company has availed itself of the exemption contained within FRS 102 Section 33 Related Party Disclosures not to disclose details of transactions with fellow group entities.