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REGISTERED NUMBER: 04717413 (England and Wales)















CARDI BUILDING SUPPLIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






CARDI BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04717413)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARDI BUILDING SUPPLIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: Mr B Richards
Mr E M Thomas
Mr P W Richards





SECRETARY: Mr B Richards





REGISTERED OFFICE: Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ





REGISTERED NUMBER: 04717413 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

CARDI BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04717413)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 587,026 623,003

CURRENT ASSETS
Stocks 528,884 392,100
Debtors 5 607,818 677,326
Investments 6 52,550 2,550
Cash at bank and in hand 143,739 177,458
1,332,991 1,249,434
CREDITORS
Amounts falling due within one year 7 504,436 547,949
NET CURRENT ASSETS 828,555 701,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,415,581

1,324,488

CREDITORS
Amounts falling due after more than one
year

8

(230,000

)

(280,000

)

PROVISIONS FOR LIABILITIES (25,710 ) (32,546 )
NET ASSETS 1,159,871 1,011,942

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 1,156,871 1,008,942
SHAREHOLDERS' FUNDS 1,159,871 1,011,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

CARDI BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04717413)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr E M Thomas - Director


CARDI BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04717413)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023


1. STATUTORY INFORMATION

Cardi Building Supplies 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 etc - 25% on reducing balance and 15% on reducing balance

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

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 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.

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 13 (2022 - 12 ) .

CARDI BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04717413)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 June 2022 451,472 179,284 43,786
Additions - - -
At 31 May 2023 451,472 179,284 43,786
DEPRECIATION
At 1 June 2022 - 125,704 36,616
Charge for year - 8,037 1,075
At 31 May 2023 - 133,741 37,691
NET BOOK VALUE
At 31 May 2023 451,472 45,543 6,095
At 31 May 2022 451,472 53,580 7,170

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 416,644 464 1,091,650
Additions - 1,107 1,107
At 31 May 2023 416,644 1,571 1,092,757
DEPRECIATION
At 1 June 2022 305,945 382 468,647
Charge for year 27,675 297 37,084
At 31 May 2023 333,620 679 505,731
NET BOOK VALUE
At 31 May 2023 83,024 892 587,026
At 31 May 2022 110,699 82 623,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 602,028 672,119
Other debtors 5,790 5,207
607,818 677,326

CARDI BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04717413)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023


6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 52,550 2,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 23,967 59,723
Trade creditors 394,143 416,839
Taxation and social security 82,152 67,787
Other creditors 4,174 3,600
504,436 547,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 230,000 280,000

9. ULTIMATE CONTROLLING PARTY



Ultimate control of the company is exercised by Mr B Richards, Mr E M Thomas, and Mr P W Richards, the directors and shareholders of the company.