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Registered number: 08588271

A1 Building Merchants Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

A1 Building Merchants Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
Israel Gross
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08588271
BANKERS
Lloyds
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

A1 Building Merchants Limited

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

A1 Building Merchants Limited

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets230,64125,052
CURRENT ASSETS
Stock200,952204,196
Debtors4352,757285,808
Cash at bank and in hand239,373383,639
793,082873,643
CREDITORS: Amounts falling due within one year5233,824284,541
NET CURRENT ASSETS559,258589,102
TOTAL ASSETS LESS CURRENT LIABILITIES589,899614,154
CREDITORS: Amounts falling due after more than one year6161,333205,333
NET ASSETS428,566408,821
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account428,466408,721
SHAREHOLDERS' FUNDS428,566408,821
For the year ending 31/01/2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/10/2023 and signed on their behalf by
.............................
Israel Gross
Director

A1 Building Merchants Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 33%
Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

A1 Building Merchants Limited

2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/02/202215,58072,86988,449
Additions19,4071,50120,908
At 31/01/202334,98774,370109,357
Depreciation
At 01/02/202214,74848,64963,397
For the year6,7468,57315,319
At 31/01/202321,49457,22278,716
Net Book Amounts
At 31/01/202313,49317,14830,641
At 31/01/202283224,22025,052
3. STOCK 20232022
££
Stock comprises:
Stock200,952204,196
200,952204,196
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors333,242285,808
Prepayments19,515-
352,757285,808
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,2951,093
VAT12,93712,937
Trade creditors86,76148,758
Other creditors130,131217,503
Accruals1,7004,250
233,824284,541

A1 Building Merchants Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr161,333205,333
161,333205,333
7. EMPLOYEES
20232022
No.No.
Average number of employees44
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is controlled by I Gross, the director, by virtue of the fact that, together with his wife, he holds 100% of the company's issued and called up voting share capital.
10. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the director, I Gross. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £130,158 (2022: £132,165).