General Information
Building Surveyors Limited is a private company, limited by shares, registered in England and Wales, registration number 04643420, registration address Unit 1 High Street, Newburn, Newcastle Upon Tyne, Tyne And Wear, NE15 8LN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
As with most businesses the company has been impacted by the Coronavirus (Covid-19). This has had an impact on operations, customers, suppliers and staff. The Company has utilised the grants and benefits available from the Government and is taking the steps it can to protect the future of the business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the 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.
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:
| Plant and machinery etc |
20% reducing balance |
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. |
Average number of employees
Average number of employees during the year was 12 (2021 : 13).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 August 2021 |
37,556 |
|
37,556 |
| Additions |
23,034 |
|
23,034 |
| Disposals |
- |
|
- |
| At 31 July 2022 |
60,590 |
|
60,590 |
| Depreciation |
| At 01 August 2021 |
27,341 |
|
27,341 |
| Charge for year |
6,650 |
|
6,650 |
| On disposals |
- |
|
- |
| At 31 July 2022 |
33,991 |
|
33,991 |
| Net book values |
| Closing balance as at 31 July 2022 |
26,599 |
|
26,599 |
| Opening balance as at 01 August 2021 |
10,215 |
|
10,215 |
|
| 4. |
Debtors: amounts falling due within one year
|
2022
£ |
|
2021
£ |
| Trade Debtors |
206,172 |
|
195,718 |
| Other Debtors |
26,724 |
|
26,747 |
| Director 1 |
82,347 |
|
114,228 |
| Director 2 |
19,076 |
|
76,000 |
|
334,319 |
|
412,693 |
|
| 5. |
Creditors: amount falling due within one year
|
2022
£ |
|
2021
£ |
| Trade Creditors |
5,076 |
|
2,394 |
| Corporation Tax |
122,792 |
|
104,980 |
| PAYE & Social Security |
6,324 |
|
11,878 |
| Accrued Expenses |
744 |
|
1,625 |
| Obligations under HP/Financial Leases |
3,177 |
|
0 |
| VAT |
64,244 |
|
88,034 |
|
202,357 |
|
208,911 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2022
£ |
|
2021
£ |
| Bank Loans & Overdrafts |
106,524 |
|
133,796 |
| Obligations Under HP/Financial Leases |
7,963 |
|
0 |
|
114,487 |
|
133,796 |
|
| 7. |
Provisions for liabilities
|
2022
£ |
|
2021
£ |
| Pension Provisions |
4,633 |
|
7,660 |
|
4,633 |
|
7,660 |
|
| 8. |
Controlling Party
For the whole of the period under review the company was under the control of John Christopher Jude and Peter Antony Jude, directors of the company.
|
| 9. |
Directors Loans And Guarantees
Included in debtors are amounts owed to the company from the Directors of £101,423 (2021 - £190,228).
|
2
|
