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Registered Number: 11420616
England and Wales

 

 

 

BUILT.WORKS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2025

End date: 31 January 2026

BUILT.WORKS LTD
Contents Page
For the year ended 31 January 2026
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of BUILT.WORKS LTD for the year ended 31 January 2026 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at


http://rulebook.accaglobal.com.




This report is made solely to the member of BUILT.WORKS LTD, as a body, in accordance with the terms of our engagement letter dated 18 June 2018. Our work has been undertaken solely to prepare for your approval the accounts of BUILT.WORKS LTD and state those matters that we have agreed to state to the Board of BUILT.WORKS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at



http://www.accaglobal.com/factsheet163.


To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BUILT.WORKS LTD and its members as a body for our work or for this report.

It is your duty to ensure that BUILT.WORKS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of BUILT.WORKS LTD. You consider that BUILT.WORKS LTD 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 accounts of BUILT.WORKS LTD. 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 accounts.


Mr Simon Waters FCCA
SJW Accountants
Casterton Suite, Clawthorpe Hall Business Centre
Burton in Kendal
Carnforth
Lancashire
LA6 1NU
11 October 2026
1
 
 		 Notes
 		 2026
£		   2025
£
Fixed assets      
Tangible fixed assets 5 21,250    26,568 
21,250    26,568 
Current assets      
Stocks 32,417    27,804 
Debtors 92,718    23,308 
Cash at bank and in hand 17,961    11,855 
143,096    62,967 
Creditors: amount falling due within one year (113,667)   (37,674)
Net current assets 29,429    25,293 
 
Total assets less current liabilities 50,679    51,861 
Creditors: amount falling due after more than one year (29,439)   0 
Provisions for liabilities (6,471)   (7,491)
Net assets 14,769    44,370 
 

Capital and reserves 		     
Called up share capital 6 100    100 
Profit and loss account 14,669    44,270 
Shareholders' funds 14,769    44,370 
 


For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 October 2026 and were signed on its behalf by:


-------------------------------
William Thomas Gowland
Director		-------------------------------
Harry Kay
Director
2
General Information
BUILT.WORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 11420616, registration address Casterton Suite, Burton-in-Kendal, Carnforth, Lancs, LA6 1NU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10 Straight Line
Computer Equipment 3 Straight Line
Inventory
Inventories are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Directors' Emoluments

2026
£		   2025
£
Administrative Expenses
Directors Salaries 86,667    80,371 
Directors Pension Contributions 5,852    4,306 
92,519    84,677 

3.

Staff Costs

2026
£		   2025
£
Wages and salaries 133,266    157,241 
Social security costs 12,207    11,782 
Pension costs, defined contribution plan 7,834    7,023 
Other staff costs 10    429 
153,317    176,475 

4.

Average number of employees


Average number of employees during the year was 4 (2025 : 5).
5.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 February 2025 23,966    24,059    48,025 
Additions -    -    - 
Disposals -    -    - 
At 31 January 2026 23,966    24,059    48,025 
Depreciation
At 01 February 2025 3,634    17,823    21,457 
Charge for year 2,154    3,164    5,318 
On disposals -    -    - 
At 31 January 2026 5,788    20,987    26,775 
Net book values
Closing balance as at 31 January 2026 18,178    3,072    21,250 
Opening balance as at 01 February 2025 20,332    6,236    26,568 


6.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2026
£		   2025
£
100 Class A shares of £1.00 each 100    100 
100    100 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2026
£		 2025
£		 2026
£		 2025
£
Intercompany Iwoca-backed loan: £80,000(80,000)0 80,000 0 

Built.Works Ltd has arranged and secured a loan for Land Works Investments Ltd, the associated company being wholly owned by the two directors and shareholders. The loans will be repaid as a priority through refinancing so Built.Works Ltd can clear its IWOCA liabilities.
8.

Controlling Parties

The company's ultimate controlling party is Mr W Gowland and Mr H Kay by virtue of their interest in the share capital of the company.
3