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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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BUILD & DESIGN BY JOSEPH LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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FOR |
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BUILD & DESIGN BY JOSEPH LIMITED |
BUILD & DESIGN BY JOSEPH LIMITED (REGISTERED NUMBER: 09009603) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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BUILD & DESIGN BY JOSEPH LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
BUILD & DESIGN BY JOSEPH LIMITED (REGISTERED NUMBER: 09009603) |
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STATEMENT OF FINANCIAL POSITION |
30 SEPTEMBER 2019 |
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30.9.19 | 30.9.18 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
signed by: |
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BUILD & DESIGN BY JOSEPH LIMITED (REGISTERED NUMBER: 09009603) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Build & Design By Joseph Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Stocks |
Stock represents the initial cost and associated development costs of land and property acquired for |
resale. The directors' valuation is based on the lower of cost and net realisable value. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
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Going concern |
At the balance sheet date, the company's liabilities exceeded its assets by £66,253. The company has |
received assurance from the shareholder that he will continue to give financial support to the company |
for twelve months from the date of signing these financial statements. This is relevant as he is owed |
£249,813 from the company. On this basis, the director consider it appropriate to prepare the accounts |
on a going concern basis. However, should the financial support mentioned above not be forthcoming, |
the going concern basis used in preparing the company's accounts may be invalid and adjustments |
would have to be made to reduce the value of assets to the their realisable amount and to provide for |
any further liabilities which might arise. The accounts do not include any adjustment to the company's |
assets or liabilities that might be necessary should this basis not continue to be appropriate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Other debtors |
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BUILD & DESIGN BY JOSEPH LIMITED (REGISTERED NUMBER: 09009603) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to participating interests | 243,670 | 242,944 |
Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instalments | 313,216 | 333,040 |
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7. | RELATED PARTY DISCLOSURES |
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Included in creditors is an amount of £243,670 owed to Silverspoon Entertainment Limited and |
£249,813 owed to Mr J.Joseph is also a director and a shareholder. This loan is payable on demand. |
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8. | POST BALANCE SHEET EVENTS |
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Both properties were sold in December 2019 for £1,035,000. |