REGISTERED NUMBER: 11005412 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BUILD WITH CONFIDENCE CONSTRUCTION LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

292,372

270,253

CURRENT ASSETS

Inventories

55,283

-

Debtors

5

632,161

343,542

Investments

6

-

10,000

Cash at bank and in hand

30,578

33,770

718,022

387,312

CREDITORS

Amounts falling due within one year

7

683,538

299,479

NET CURRENT ASSETS

34,484

87,833

TOTAL ASSETS LESS CURRENT LIABILITIES

326,856

358,086

CREDITORS

Amounts falling due after more than one year

8

(101,042

)

(138,780

)

PROVISIONS FOR LIABILITIES

10

(73,248

)

(70,801

)

NET ASSETS

152,566

148,505

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

152,466

148,405

152,566

148,505

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 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.

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 Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr E Demirci - Director

1.	STATUTORY INFORMATION

Build With Confidence Construction 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:

11005412

Registered office:

1 Kings Avenue

London

N21 3NA

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.

Preparation of consolidated financial statements

The financial statements contain information about Build With Confidence Construction Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on reducing balance

Motor vehicles - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2023

367,411

42,059

409,470

Additions

34,226

48,341

82,567

Disposals

-

(9,995

)

(9,995

)

At 30 September 2024

401,637

80,405

482,042

DEPRECIATION

At 1 October 2023

126,107

13,110

139,217

Charge for year

48,261

5,790

54,051

Eliminated on disposal

-

(3,598

)

(3,598

)

At 30 September 2024

174,368

15,302

189,670

NET BOOK VALUE

At 30 September 2024

227,269

65,103

292,372

At 30 September 2023

241,304

28,949

270,253

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

8,574

Additions

33,341

At 30 September 2024

41,915

DEPRECIATION

At 1 October 2023

1,715

Charge for year

1,372

At 30 September 2024

3,087

NET BOOK VALUE

At 30 September 2024

38,828

At 30 September 2023

6,859

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

521,350

265,014

Amounts owed by group undertakings

1,965

60,224

Other debtors

108,846

18,304

632,161

343,542

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Unlisted investments

-

10,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

83,197

84,321

Hire purchase contracts (see note 9)

5,963

3,868

Trade creditors

141,427

89,173

Taxation and social security

92,931

83,075

Other creditors

360,020

39,042

683,538

299,479

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

9,272

19,272

Hire purchase contracts (see note 9)

22,704

-

Amounts owed to group undertakings

69,066

119,508

101,042

138,780

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

5,963

3,868

Between one and five years

22,704

-

28,667

3,868

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

73,248

70,801

Deferred

tax

£

Balance at 1 October 2023

70,801

Provided during year

2,447

Balance at 30 September 2024

73,248

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors less than one year is an amount of £102,798 (2023: £5,898 ) due from the connected companies with common directorship. The loan was interest free and recoverable on demand.

Included in the other creditors less than one year is an amount of £48,363 (2023: Nil) due to the connected companies with common directorship. The loan was interest free and repayable on demand.