Registered number
11114264
Complete Builders Merchants Limited
Report and Accounts
31 December 2023
Complete Builders Merchants Limited
Registered number: 11114264
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal activities
The company's principal activity during the year continued to be a builders merchants
Directors
The following persons served as directors during the year:
Andrew Martinovic
Stuart Anthony
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 September 2024 and signed on its behalf.
Andrew Martinovic
Director
Complete Builders Merchants Limited
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 971,743 837,027
Cost of sales (896,193) (745,715)
Gross profit 75,550 91,312
Administrative expenses (54,212) (55,498)
Operating profit 21,338 35,814
Interest payable (763) (1,658)
Profit before taxation 20,575 34,156
Tax on profit (3,943) (2,963)
Profit for the financial year 16,632 31,193
Complete Builders Merchants Limited
Registered number: 11114264
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 537 717
Current assets
Debtors 4 48,763 35,635
Cash at bank and in hand 55,353 49,484
104,116 85,119
Creditors: amounts falling due within one year 5 (76,535) (74,350)
Net current assets 27,581 10,769
Net assets 28,118 11,486
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,018 11,386
Shareholders' funds 28,118 11,486
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Martinovic
Director
Approved by the board on 20 September 2024
Complete Builders Merchants Limited
Statement of Changes in Equity
for the year ended 31 December 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 January 2022 100 - - (19,807) (19,707)
Profit for the financial year 31,193 31,193
At 31 December 2022 100 - - 11,386 11,486
At 1 January 2023 100 - - 11,386 11,486
Profit for the financial year 16,632 16,632
At 31 December 2023 100 - - 28,018 28,118
Complete Builders Merchants Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 25%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current
and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,863
At 31 December 2023 2,863
Depreciation
At 1 January 2023 2,146
Charge for the year 180
At 31 December 2023 2,326
Net book value
At 31 December 2023 537
At 31 December 2022 717
4 Debtors 2023 2022
£ £
Trade debtors 48,763 35,635
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 43,988 31,655
Taxation and social security costs 7,634 7,897
Other creditors 24,913 34,798
76,535 74,350
6 Other information
Complete Builders Merchants Limited is a private company limited by shares and incorporated in England. Its registered office is:
1a Newton Centre
Thorverton Road
Exeter
Devon
EX2 8GN
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