REGISTERED NUMBER: 10400223 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Building New Space Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

30,764

19,434

Current assets

Debtors

5

24,195

75,369

Cash at bank

2,533

2,708

26,728

78,077

Creditors

Amounts falling due within one year

6

(5,829

)

(30,605

)

Net current assets

20,899

47,472

Total assets less current liabilities

51,663

66,906

Creditors

Amounts falling due after more than one year

7

(34,569

)

(26,569

)

Net assets

17,094

40,337

Capital and reserves

Called up share capital

1

1

Retained earnings

17,093

40,336

Shareholders' funds

17,094

40,337

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 August 2025 and were signed by:

Deivydas Valatkevicius - Director

1.	Statutory information

Building New Space Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10400223

Registered office:

2 Franklin Close

Kingston Upon Thames

United Kingdom

Surrey

KT1 3JW

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 October 2023

66,466

11,500

77,966

Additions

-

21,450

21,450

At 30 September 2024

66,466

32,950

99,416

Depreciation

At 1 October 2023

47,032

11,500

58,532

Charge for year

5,830

4,290

10,120

At 30 September 2024

52,862

15,790

68,652

Net book value

At 30 September 2024

13,604

17,160

30,764

At 30 September 2023

19,434

-

19,434

5.

Debtors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade debtors

23,718

68,718

VAT

477

6,651

24,195

75,369

6.

Creditors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade creditors

3,429

26,283

Corporation tax

-

2,502

Accrued expenses

2,400

1,820

5,829

30,605

7.

Creditors: amounts falling due after more than one year

30.9.24

30.9.23

£

£

Bank loans (see note 8)

17,069

26,569

Hire purchase contracts

17,500

-

34,569

26,569

8.

Loans

An analysis of the maturity of loans is given below:

30.9.24

30.9.23

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

17,069

26,569