08588271falsebuilders merchants2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/cd:Director12023-02-012024-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-02-012024-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-02-012024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FRS1022023-02-012024-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-02-012024-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08588271

London Building Merchants Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

London Building Merchants Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Israel Gross
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08588271
BANKERS
Lloyds
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

London Building Merchants Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

London Building Merchants Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets232,29430,641
CURRENT ASSETS
Stock180,124200,952
Debtors4334,448352,757
Cash at bank and in hand178,103239,373
692,675793,082
CREDITORS: Amounts falling due within one year5176,987233,824
NET CURRENT ASSETS515,688559,258
TOTAL ASSETS LESS CURRENT LIABILITIES547,982589,899
CREDITORS: Amounts falling due after more than one year6117,333161,333
NET ASSETS430,649428,566
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account430,549428,466
SHAREHOLDERS' FUNDS430,649428,566
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/09/2024 and signed on their behalf by
.............................
Israel Gross
Director

London Building Merchants Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 33%
Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

London Building Merchants Limited

2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/02/202334,98774,370109,357
Additions9,1605,80714,967
At 31/01/202444,14780,177124,324
Depreciation
At 01/02/202321,49457,22278,716
For the year5,6637,65113,314
At 31/01/202427,15764,87392,030
Net Book Amounts
At 31/01/202416,99015,30432,294
At 31/01/202313,49317,14830,641
3. STOCK 20242023
££
Stock comprises:
Stock180,124200,952
180,124200,952
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors314,933333,242
Prepayments19,51519,515
334,448352,757
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax3132,295
VAT12,93712,937
Trade creditors18,83786,761
Other creditors143,150130,131
Accruals1,7501,700
176,987233,824

London Building Merchants Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr117,333161,333
117,333161,333
7. EMPLOYEES
20242023
No.No.
Average number of employees44
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is controlled by I Gross, the director, by virtue of the fact that, together with his wife, he holds 100% of the company's issued and called up voting share capital.
10. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the director, I Gross. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £141,871 (2023: £129,871).