Best Build Construction Ltd - Accounts to registrar (filleted) - small 18.2
Best Build Construction Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
BEST BUILD CONSTRUCTION LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2019 |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
BEST BUILD CONSTRUCTION LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Citypoint 2 |
25 Tyndrum Street |
Glasgow |
G4 0JY |
BANKERS: |
568 Alexandra Parade |
Glasgow |
G31 3BP |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
BALANCE SHEET |
31 MAY 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
BALANCE SHEET - continued |
31 MAY 2019 |
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 on |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2019 |
1. | STATUTORY INFORMATION |
Best Build Construction Limited is a private company, limited by shares, registered in England and Wales. The company's |
registered number is 07261696 and its registered office is 20-22 Wenlock Road, London, N1 7GU. The company's |
principal place of business is Clydesbank, St Patricks Road, Lanark, ML11 9EH. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of |
Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and |
the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Revenue recognition / amounts recoverable on contracts |
Turnover represents both invoiced sales of goods excluding value added tax and the value of work performed on contracts. |
The value of the work performed on contracts includes amounts recoverable on contracts and the value is based on the |
percentage of the contract completed recognising the appropriate percentage of profit generated at that stage. |
Tangible fixed assets |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
stocks to their present location and condition. |
Financial instruments |
Debtors |
Other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when |
there is objective evidence that the asset is impaired. |
Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of maturity, being |
twelve months or less, from the opening of the deposit or similar account. |
Creditors |
Other creditors and directors' current accounts are all recognised where the company has a present obligation resulting |
from a past event and are recognised at the settlement amount due after allowing for any trade discounts due. |
Going concern |
The company has cash resources and there is no requirement for external funding. Other creditors includes a director's |
loan and the director has undertaken to support the activities of the company. Based on current performance the directors |
have a reasonable expectation that the company has adequate resources to continue in operational existence for the |
foreseeable future. The director continues to believe the going concern basis of accounting appropriate in preparing the |
annual financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2019 |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 June 2018 |
Additions |
At 31 May 2019 |
DEPRECIATION |
At 1 June 2018 |
Charge for year |
At 31 May 2019 |
NET BOOK VALUE |
At 31 May 2019 |
At 31 May 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts recoverable on |
contracts |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Finance leases |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Finance leases |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2019 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BEST BUILD CONSTRUCTION LTD (REGISTERED NUMBER: 07261696) |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Best Build Construction Ltd for the year ended 31 May 2019 which comprise the Income Statement, Other |
Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting |
records and from information and explanations you have given us. |
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
This report is made solely to the Board of Directors of Best Build Construction Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Best Build Construction Ltd and state those matters that we have agreed to state to the Board of Directors of Best Build Construction Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Best Build Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Best Build Construction Ltd. You consider that Best Build Construction 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 financial statements of Best Build Construction 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 financial statements. |
Chartered Accountants |
Citypoint 2 |
25 Tyndrum Street |
Glasgow |
G4 0JY |