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Registration number: 00241566

EBP Building Products Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

EBP Building Products Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

EBP Building Products Limited

Company Information

Directors

K Topham

E O'Boyle

Registered office

Blackamoor Road
Guide
Blackburn
BB1 2LQ

Accountants

Davidson Stant Limited
The Glen
Knutsford Old Road
Stockton Heath
Warrington
Cheshire
WA4 2LD

 

EBP Building Products Limited

(Registration number: 00241566)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

40,100

51,605

Current assets

 

Stocks

4

707,296

900,354

Debtors

5

3,975,391

2,311,479

Cash at bank and in hand

 

182,581

560,758

 

4,865,268

3,772,591

Creditors: Amounts falling due within one year

6

(1,598,476)

(1,335,977)

Net current assets

 

3,266,792

2,436,614

Total assets less current liabilities

 

3,306,892

2,488,219

Creditors: Amounts falling due after more than one year

6

(395,967)

(48,140)

Provisions for liabilities

(5,139)

(6,756)

Net assets

 

2,905,786

2,433,323

Capital and reserves

 

Called up share capital

10

25,600

25,600

Other reserves

19,400

19,400

Retained earnings

2,860,786

2,388,323

Shareholders' funds

 

2,905,786

2,433,323

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

 

EBP Building Products Limited

(Registration number: 00241566)
Balance Sheet as at 31 March 2023

.........................................

K Topham

Director

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Plant and machinery

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2022 - 17).

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

38,505

350,566

389,071

Additions

-

8,537

8,537

Disposals

-

(6,347)

(6,347)

At 31 March 2023

38,505

352,756

391,261

Depreciation

At 1 April 2022

35,792

301,674

337,466

Charge for the year

2,713

17,330

20,043

Eliminated on disposal

-

(6,348)

(6,348)

At 31 March 2023

38,505

312,656

351,161

Carrying amount

At 31 March 2023

-

40,100

40,100

At 31 March 2022

2,713

48,892

51,605

4

Stocks

2023
£

2022
£

Other inventories

707,296

900,354

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,353,669

1,341,048

Amounts owed by related parties

9

2,578,435

826,887

Prepayments

 

43,287

41,542

Other debtors

 

-

102,002

   

3,975,391

2,311,479

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

339,692

-

Trade creditors

 

760,100

763,155

Taxation and social security

 

265,052

317,160

Accruals and deferred income

 

207,258

200,731

Other creditors

 

26,374

54,931

 

1,598,476

1,335,977

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

395,967

48,140

2023
£

2022
£

Current loans and borrowings

Bank borrowings

245,700

-

Bank overdrafts

93,992

-

339,692

-

8

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £1.00 per each Ordinary Share

 

53,054

 

70,736

         

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2023
£

2022
£

Remuneration

44,241

12,501

Loans to related parties

2023

Parent
£

Total
£

At start of period

826,887

826,887

Advanced

1,751,548

1,751,548

At end of period

2,578,435

2,578,435

2022

Parent
£

Total
£

At start of period

826,887

826,887

At end of period

826,887

826,887

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

25,600

25,600

25,600

25,600

         

11

Parent and ultimate parent undertaking

The ultimate controlling party is EBP EOT Limited (registered in England & Wales no 14512923).