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Registration number: 10612790

Talgarth Building Supplies Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Talgarth Building Supplies Ltd

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

 

Talgarth Building Supplies Ltd

Company Information

Directors

Mrs E J Richards

Mr K D Richards

Registered office

Hay Road
Talgarth
Brecon
Powys
LD3 0AL

Accountants

David M Jones & Partners
Brooklands
Hay-on-Wye
Hereford
HR3 5AP

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Talgarth Building Supplies Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Talgarth Building Supplies Ltd for the year ended 31 March 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Talgarth Building Supplies Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Talgarth Building Supplies Ltd and state those matters that we have agreed to state to the Board of Directors of Talgarth Building Supplies Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talgarth Building Supplies Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Talgarth Building Supplies Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Talgarth Building Supplies Ltd. You consider that Talgarth Building Supplies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Talgarth Building Supplies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

David M Jones & Partners
Brooklands
Hay-on-Wye
Hereford
HR3 5AP

24 November 2023

 

Talgarth Building Supplies Ltd

Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

Turnover

1,129,768

1,223,866

Cost of raw materials and consumables

(707,711)

(794,603)

Staff costs

(52,605)

(52,382)

Depreciation and other amounts written off assets

(65,598)

(58,707)

Other charges

(190,680)

(144,170)

Profit before tax

113,174

174,004

Tax on profit

(21,503)

(72,087)

Profit for the year

91,671

101,917

 

Talgarth Building Supplies Ltd

(Registration number: 10612790)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

268,742

234,506

Current assets

684,425

567,265

Creditors: Amounts falling due within one year

(403,209)

(340,061)

Net current assets

281,216

227,204

Total assets less current liabilities

549,958

461,710

Creditors: Amounts falling due after more than one year

(40,278)

(45,833)

Provisions for liabilities

(50,528)

(44,556)

Accruals and deferred income

(2,213)

(2,053)

 

456,939

369,268

Capital and reserves

456,939

369,268

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hay Road
Talgarth
Brecon
Powys
LD3 0AL

These financial statements were authorised for issue by the Board on 24 November 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

3

Related party transactions

Transactions with directors

 

Talgarth Building Supplies Ltd

(Registration number: 10612790)
Balance Sheet as at 31 March 2023

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr K D Richards

Amounts advanced to the company at start-up less repayments in the year

28,997

(1,334)

9,500

37,162

         
       

Mrs E J Richards

Amounts advanced to the company at start-up less repayments in the year

83,299

(9,099)

571

74,771

         
       

 

2022

At 1 April 2021
£

At 31 March 2022
£

Mr K D Richards

Amounts advanced to the company at start-up less repayments in the year

17,954

28,997

     
   

Mrs E J Richards

Amounts advanced to the company at start-up less repayments in the year

76,299

83,299

     
   

 

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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 24 November 2023 and signed on its behalf by:
 

.........................................
Mr K D Richards
Director