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Registered number: 03952334
Belton Construction Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Time Accounts Ltd
Unit 3 English Business Park
English Close
Hove
East Sussex
BN3 7ET
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03952334
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 5,932
- 5,932
CURRENT ASSETS
Debtors 5 - 14,332
Cash at bank and in hand 15,513 63,652
15,513 77,984
Creditors: Amounts Falling Due Within One Year 6 (21,916 ) (27,114 )
NET CURRENT ASSETS (LIABILITIES) (6,403 ) 50,870
TOTAL ASSETS LESS CURRENT LIABILITIES (6,403 ) 56,802
NET (LIABILITIES)/ASSETS (6,403 ) 56,802
CAPITAL AND RESERVES
Called up share capital 7 900 900
Profit and Loss Account (7,303 ) 55,902
SHAREHOLDERS' FUNDS (6,403) 56,802
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kazimierz Gasior
Director
14/11/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Belton Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03952334 . The registered office is Unit 3 English Business Park C/O Time Accounts, English Close, Hove, East Sussex, BN3 7ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These are the company’s first financial statements prepared in accordance with FRS 102 Section 1A. The company previously applied FRS 105. The date of transition is 1 April 2024. All required transitional adjustments on first-time adoption have been identified and recorded in accordance with Section 35 of FRS 102. Comparative information has been restated where necessary.
Where applicable, the company has considered and, where relevant, applied available first-time adoption exemptions and practical expedients permitted by FRS 102. Any material reclassifications or measurement changes arising on transition have been recognised through opening reserves at the date of transition. Reconciliations of equity and profit or loss between the previous financial reporting framework (FRS 105) and FRS 102 are provided in the notes to the financial statements where material.
The financial statements have been prepared under the historical cost convention as modified by the break-up basis and are presented in £ sterling, the company’s functional currency.
2.2. Going Concern Disclosure
The financial statements have been prepared on a break-up basis because the company ceased trading during the year ended 31 March 2025 and is being wound up. On this basis:
Assets are measured at their estimated realisable amounts, using post-year-end disposal evidence where available, less costs of completion and sale. Impairment losses are recognised where carrying amounts are not recoverable under the break-up assumption.
Liabilities include all obligations expected to be settled as part of the wind-up (for example, redundancy and other closure costs, onerous contracts, lease termination and dilapidation amounts), even where cash settlement is expected after the reporting date.
Provisions are recognised where the company has present obligations arising from past events and outflows can be reliably estimated.
Taxation is recognised in accordance with FRS 102 on the basis of the break-up assumptions.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Fixed assets have been remeasured to reflect their estimated realisable value on an individual basis.
Remaining unsold assets have been valued based on directors best estimates of expected realisation net of disposal
costs.
Plant & Machinery 25% on Reducing balance Method
Motor Vehicles 25% on Reducing balance Method
Computer Equipment 25% on Reducing balance Method
Page 2
Page 3
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 109,178 15,507 124,685
Disposals (109,178 ) (15,507 ) (124,685 )
As at 31 March 2025 - - -
Depreciation
As at 1 April 2024 105,374 13,379 118,753
Provided during the period 317 532 849
Disposals (105,691 ) (13,911 ) (119,602 )
As at 31 March 2025 - - -
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 3,804 2,128 5,932
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 14,332
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1,589
Other creditors 21,916 24,847
Taxation and social security - 678
21,916 27,114
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 900 900
Page 4