Defined Builds Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10703977 (England and Wales)

Financial Statements

for the Year Ended 30 April 2019

for

DEFINED BUILDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J L Carn

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

10703977 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

2,464

3,286

CURRENT ASSETS

Stocks

15,725

-

Debtors

5

7,268

27,641

Cash at bank

8,772

-

31,765

27,641

CREDITORS

Amounts falling due within one year

6

34,298

30,789

NET CURRENT LIABILITIES

(2,533

)

(3,148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(69

)

138

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(170

)

37

(69

)

138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 31 January 2020 and were signed by:

Mr J L Carn - Director

1.	STATUTORY INFORMATION

Defined Builds Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

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.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Going concern

The financial statements are prepared on a going concern basis as the directors consider

that it has access to the resources required as the company is being supported by the

director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

and 30 April 2019

4,381

DEPRECIATION

At 1 May 2018

1,095

Charge for year

822

At 30 April 2019

1,917

NET BOOK VALUE

At 30 April 2019

2,464

At 30 April 2018

3,286

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

7,268

10,599

Other debtors

-

17,042

7,268

27,641

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

-

9,501

Taxation and social security

3,744

4,804

Other creditors

30,554

16,484

34,298

30,789

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet, included in creditors due within one year £26,314 (2018: £14,444)

due to the director. The amount is interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J L Carn.