Company Registration No. 04535248 (England and Wales)
European Building Materials Limited
Unaudited accounts
for the year ended 31 December 2023
European Building Materials Limited
Unaudited accounts
Contents
European Building Materials Limited
Company Information
for the year ended 31 December 2023
Company Number
04535248 (England and Wales)
Registered Office
10A Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
United Kingdom
Accountants
Plum Accounting Limited
Ongar Business Centre
Fyfield Road
Ongar
Essex
CM5 0GA
European Building Materials Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,843
4,974
Inventories
118,063
318,740
Debtors
1,169,105
1,886,743
Cash at bank and in hand
897,249
426,103
Creditors: amounts falling due within one year
(226,870)
(668,198)
Net current assets
1,957,547
1,963,388
Total assets less current liabilities
1,959,390
1,968,362
Provisions for liabilities
Net assets
1,958,957
1,967,417
Called up share capital
55
55
Capital redemption reserve
45
45
Profit and loss account
1,958,857
1,967,317
Shareholders' funds
1,958,957
1,967,417
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 director acknowledges his 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 and authorised for issue on 23 September 2024 and were signed on its behalf by
N Y White
Director
Company Registration No. 04535248
European Building Materials Limited
Notes to the Accounts
for the year ended 31 December 2023
European Building Materials Limited is a private company, limited by shares, registered in England and Wales, registration number 04535248. The registered office is 10A Bourne Court, Southend Road, Woodford Green, Essex, IG8 8HD, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment.
The depreciation method has been reviewed in the year and adjusted to reflect the remaining useful life of the assets.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
straight line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
European Building Materials Limited
Notes to the Accounts
for the year ended 31 December 2023
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
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
19,339
32,758
52,097
At 31 December 2023
19,339
32,758
52,097
At 1 January 2023
18,264
28,859
47,123
Charge for the year
682
2,449
3,131
At 31 December 2023
18,946
31,308
50,254
At 31 December 2023
393
1,450
1,843
At 31 December 2022
1,075
3,899
4,974
Amounts falling due within one year
Trade debtors
597,137
1,412,716
Accrued income and prepayments
25,400
13,260
Other debtors
546,568
460,767
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
139,370
448,750
Taxes and social security
35,173
44,047
Other creditors
4,682
3,615
Loans from directors
4,093
14,293
European Building Materials Limited
Notes to the Accounts
for the year ended 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
384
65,399
64,561
1,222
During the year, the director, N Y White, was paid £65,399 and repaid £64,561. The company charged interest at the HMRC official rate totalling £33 (2022: £65). The loan and interest has been repaid by the director after the year end.
8
Transactions with related parties
Entities under common control
Property rentals paid to entities under common control £27,600 (2022: £27,600).
At the year end, amounts due from entities under common control totalled £392,922 (2022: £392,922).
Key management personnel
At the year end, £nil (2022: £14,293) was due to key management personnel and £1,222 (2022: £384) was due from key management personnel.
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Average number of employees
During the year the average number of employees was 8 (2022: 9).