Abbreviated Company Accounts - BUILD4ME LIMITED

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Registered Number 07268881

BUILD4ME LIMITED

Abbreviated Accounts

30 June 2014

BUILD4ME LIMITED Registered Number 07268881

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,600	-
		1,600	-
Current assets
Stocks		10,000	-
Debtors		152,597	-
Cash at bank and in hand		7,482	99
		170,079	99
Creditors: amounts falling due within one year		(126,366)	(43)
Net current assets (liabilities)		43,713	56
Total assets less current liabilities		45,313	56
Creditors: amounts falling due after more than one year		(6,220)	-
Total net assets (liabilities)		39,093	56
Capital and reserves
Called up share capital	3	99	99
Profit and loss account		38,994	(43)
Shareholders' funds		39,093	56

For the year ending 30 June 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 November 2014

And signed on their behalf by:
MR J FIDLER, Director
MR B O SETTERFIELD, Director

BUILD4ME LIMITED Registered Number 07268881

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover shown in the profit and loss account represents amounts invoiced and accrued during the year exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion and provisions for losses are made where appropriate.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 3 years straight line

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 July 2013	-
Additions	2,400
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	2,400
Depreciation
At 1 July 2013	-
Charge for the year	800
On disposals	-
At 30 June 2014	800
Net book values
At 30 June 2014	1,600
At 30 June 2013	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
99 Ordinary shares of £1 each	99	99

4Transactions with directors

Name of director receiving advance or credit:	MR J FIDLER
Description of the transaction:	ADVANCES
Balance at 1 July 2013:	-
Advances or credits made:	£ 21,691
Advances or credits repaid:	£ 20,195
Balance at 30 June 2014:	£ 1,496

Name of director receiving advance or credit:	MR I D FIDLER
Description of the transaction:	ADVANCES
Balance at 1 July 2013:	-
Advances or credits made:	£ 24,886
Advances or credits repaid:	£ 20,101
Balance at 30 June 2014:	£ 4,785

During the year, aggregated amounts advanced to Mr J Filder amounted to £21,691, and aggregated amounts advanced to Mr I D Filder amounted to £24,886. The aggregated amounts repaid by Mr J Filder amounted to £20,195, and aggregated amounts repaid by Mr I D Filder amounted to £20,101.

At the balance sheet date, Mr J Fidler owed the company £1,496 (2013: £nil) and Mr I D Fidler owed the company £4,785 (2013: £nil).