Build 4 Growth Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04856543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BUILD 4 GROWTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Alderson

D M Child

REGISTERED OFFICE:

Garter Street

Sheffield

S4 7QX

REGISTERED NUMBER:

04856543 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

4

79,229

69,108

CURRENT ASSETS

Stocks

54,744

80,163

Debtors

5

965,365

233,495

Cash at bank and in hand

541,052

253,037

1,561,161

566,695

CREDITORS

Amounts falling due within one year

6

772,186

417,344

NET CURRENT ASSETS

788,975

149,351

TOTAL ASSETS LESS CURRENT LIABILITIES

868,204

218,459

CREDITORS

Amounts falling due after more than one year

7

(4,375

)

(26,315

)

PROVISIONS FOR LIABILITIES

(15,846

)

(13,822

)

NET ASSETS

847,983

178,322

CAPITAL AND RESERVES

Called up share capital

285

285

Retained earnings

847,698

178,037

SHAREHOLDERS' FUNDS

847,983

178,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 28 February 2017 and were signed on its behalf by:

S J Alderson - Director

1.	STATUTORY INFORMATION

Build 4 Growth 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.

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

39,506

39,820

122,690

39,908

241,924

Additions

-

-

32,631

2,235

34,866

At 31 December 2016

39,506

39,820

155,321

42,143

276,790

DEPRECIATION

At 1 January 2016

30,647

35,052

71,322

35,795

172,816

Charge for year

2,215

1,190

19,512

1,828

24,745

At 31 December 2016

32,862

36,242

90,834

37,623

197,561

NET BOOK VALUE

At 31 December 2016

6,644

3,578

64,487

4,520

79,229

At 31 December 2015

8,859

4,768

51,368

4,113

69,108

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

5,406

23,796

29,202

DEPRECIATION

At 1 January 2016

1,520

10,359

11,879

Charge for year

972

7,553

8,525

At 31 December 2016

2,492

17,912

20,404

NET BOOK VALUE

At 31 December 2016

2,914

5,884

8,798

At 31 December 2015

3,886

13,437

17,323

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

943,348

203,269

Directors' current accounts

-

10,000

Tax

2,563

2,563

Prepayments

19,454

17,663

965,365

233,495

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

4,041

6,116

Trade creditors

343,885

161,236

Tax

185,812

12,760

Social security and other taxes

30,296

25,581

VAT

134,874

9,341

Other creditors

1,752

20,244

Invoice financing

-

148,612

Directors' current accounts

5,801

28,169

Accruals and deferred income

65,725

5,285

772,186

417,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

4,375

8,416

Other creditors

-

17,899

4,375

26,315

8.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Hire purchase contracts

8,416

14,532

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

S J Alderson

Balance outstanding at start of year

10,000

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £80,417 were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Alderson.

The ultimate controlling party is S J Alderson.

12.	FIRST YEAR ADOPTION

The company has adopted FRS102 1A for its year ended 31 December 2016 and the transition date is 1 January

2015.

Following the adoption of FRS102 1A, there are no differences in equity and Profit or Loss that need to be

reconciled between old UK GAAP and FRS102 1A.