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Company Registration No. 02606063 (England and Wales)
Lliw Building Supplies Limited Unaudited accounts for the year ended 31 December 2023
Lliw Building Supplies Limited Unaudited accounts Contents
Page
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Lliw Building Supplies Limited Company Information for the year ended 31 December 2023
Directors
Mr W G Llewelyn Mrs M A Llewelyn Mr R I Bevan-Jones FCA Mrs E J Bevan-Jones
Secretary
Mr R I Bevan-Jones FCA
Company Number
02606063 (England and Wales)
Registered Office
Alloy Industrial Estate Pontardawe Swansea West Glam SA8 4EN
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Lliw Building Supplies Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
716,658 
681,523 
Investments
103,300 
3,300 
819,958 
684,823 
Current assets
Inventories
447,426 
473,248 
Debtors
429,106 
365,448 
Cash at bank and in hand
646,066 
763,621 
1,522,598 
1,602,317 
Creditors: amounts falling due within one year
(341,819)
(340,040)
Net current assets
1,180,779 
1,262,277 
Total assets less current liabilities
2,000,737 
1,947,100 
Creditors: amounts falling due after more than one year
(86,532)
(131,085)
Provisions for liabilities
Deferred tax
(96,049)
(65,988)
Net assets
1,818,156 
1,750,027 
Capital and reserves
Called up share capital
40,000 
40,000 
Profit and loss account
1,778,156 
1,710,027 
Shareholders' funds
1,818,156 
1,750,027 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Mr W G Llewelyn Director Company Registration No. 02606063
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Lliw Building Supplies Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Lliw Building Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 02606063. The registered office is Alloy Industrial Estate, Pontardawe, Swansea, West Glam, SA8 4EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Stocks
Stocks have been valued on an average cost basis.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Lliw Building Supplies Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
386,058 
360,058 
398,049 
9,247 
1,153,412 
Additions
- 
680 
128,100 
- 
128,780 
At 31 December 2023
386,058 
360,738 
526,149 
9,247 
1,282,192 
Depreciation
At 1 January 2023
51,843 
220,106 
191,767 
8,173 
471,889 
Charge for the year
1,752 
34,987 
56,906 
- 
93,645 
At 31 December 2023
53,595 
255,093 
248,673 
8,173 
565,534 
Net book value
At 31 December 2023
332,463 
105,645 
277,476 
1,074 
716,658 
At 31 December 2022
334,215 
139,952 
206,282 
1,074 
681,523 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
3,300 
Additions
100,000 
Valuation at 31 December 2023
103,300 
The investments represents shares in a H&B Buying group and an investment made during the year in H&B Special Projects Ltd
6
Inventories
2023 
2022 
£ 
£ 
Finished goods
447,426 
473,248 
447,426 
473,248 
Stocks represent good for resale at cost adjusted for a provision made for slow moving stock.
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Lliw Building Supplies Limited Notes to the Accounts for the year ended 31 December 2023
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
343,201 
277,718 
Accrued income and prepayments
85,905 
87,730 
429,106 
365,448 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
39,553 
34,553 
Trade creditors
173,033 
208,896 
Taxes and social security
125,118 
92,252 
Accruals
4,115 
4,339 
341,819 
340,040 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
86,532 
131,085 
10
Average number of employees
During the year the average number of employees was 25 (2022: 27).
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