Builderman (Sussex) Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08709844 (England and Wales)

Financial Statements for the Year Ended 31 October 2017

for

Builderman (Sussex) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Wylie

R Welstead

REGISTERED OFFICE:

15 Semley Road

Semley Road

Hassocks

West Sussex

BN6 8PD

REGISTERED NUMBER:

08709844 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Intangible assets

4

5,700

11,400

Tangible assets

5

11,404

13,811

17,104

25,211

CURRENT ASSETS

Debtors

6

540

3,129

Cash at bank

345

1,185

885

4,314

CREDITORS

Amounts falling due within one year

7

61,639

64,557

NET CURRENT LIABILITIES

(60,754

)

(60,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,650

)

(35,032

)

PROVISIONS FOR LIABILITIES

987

1,184

NET LIABILITIES

(44,637

)

(36,216

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(44,639

)

(36,218

)

SHAREHOLDERS' FUNDS

(44,637

)

(36,216

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 15 October 2018 and were signed on its behalf by:

T Wylie - Director

1.	STATUTORY INFORMATION

Builderman (Sussex) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

28,500

AMORTISATION

At 1 November 2016

17,100

Charge for year

5,700

At 31 October 2017

22,800

NET BOOK VALUE

At 31 October 2017

5,700

At 31 October 2016

11,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

23,225

Additions

402

At 31 October 2017

23,627

DEPRECIATION

At 1 November 2016

9,414

Charge for year

2,809

At 31 October 2017

12,223

NET BOOK VALUE

At 31 October 2017

11,404

At 31 October 2016

13,811

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

-

3,129

Other debtors

540

-

540

3,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

-

19,473

Social security and other taxes

111

277

VAT

8,140

3,794

Card Facility

1,690

-

Directors' current accounts

50,258

40,013

Accrued expenses

1,440

1,000

61,639

64,557

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2017 and

31 October 2016:

31.10.17

31.10.16

£

£

T Wylie

Balance outstanding at start of year

(26,106

)

(31,462

)

Amounts advanced

12,266

18,376

Amounts repaid

(17,295

)

(13,020

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(31,135

)

(26,106

)

R Welstead

Balance outstanding at start of year

(13,906

)

(20,435

)

Amounts advanced

12,078

19,549

Amounts repaid

(17,295

)

(13,020

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,123

)

(13,906

)

Directors' loan accounts exists to which there are no terms attached.

9.	ULTIMATE CONTROLLING PARTY

The directors and shareholders, Mr T Wylie and Mr R Welstead have overall control of the company.