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Company Registration No. 11851835 (England and Wales)
Build-up City Construction Ltd Unaudited accounts for the year ended 28 February 2025
Build-up City Construction Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Build-up City Construction Ltd Company Information for the year ended 28 February 2025
Director
Laszlo Kascsuk
Company Number
11851835 (England and Wales)
Registered Office
58 Chantry Road Chessington Surrey KT9 1JP England
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Build-up City Construction Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Called up share capital not paid
1
1
Fixed assets
Tangible assets
4
2,222
227
Current assets
Debtors
5
123,656
122,634
Cash at bank and in hand
17,450
1,577
141,106
124,211
Creditors: amounts falling due within one year
6
(54,089)
(75,391)
Net current assets
87,017
48,820
Net assets
89,240
49,048
Capital and reserves
Called up share capital
1
1
Profit and loss account
89,239
49,047
Shareholders' funds
89,240
49,048
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 January 2025 and were signed on its behalf by
Laszlo Kascsuk Director Company Registration No. 11851835
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Build-up City Construction Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Build-up City Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 11851835. The registered office is 58 Chantry Road, Chessington, Surrey, KT9 1JP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company.
3.1 Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
3.2 Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33 on cost
3.3 Cash at bank and hands
Cash at bank and in hands are basis financial assets and include cash in hand and deposits held with financial institutions repayable without penalty on notice of non-more than 24 hours.
3.5 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 or loss.
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Build-up City Construction Ltd Notes to the Accounts for the year ended 28 February 2025
3.6 Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been substantively enacted by the reporting end date. Deferred Tax Deferred tax liabilities are generally recognised for all timing differences and differed tax assets that are recognised to extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 March 2024
1,082
Additions
2,855
At 28 February 2025
3,937
Depreciation
At 1 March 2024
855
Charge for the year
860
At 28 February 2025
1,715
Net book value
At 28 February 2025
2,222
At 29 February 2024
227
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,100
3,076
Accrued income and prepayments
998
-
Other debtors
119,558
119,558
123,656
122,634
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Build-up City Construction Ltd Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,289
14,888
Trade creditors
40,856
60,466
Taxes and social security
20,429
37
Other creditors
2,045
-
Loans from directors
(14,530)
-
54,089
75,391
7
Average number of employees
During the year the average number of employees was 4 (2024: 0).
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