EBP Building Products Limited 00241566 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the marketing and distribution of roofing, drainage and specialist building products Digita Accounts Production Advanced 6.30.9574.0 true false 00241566 2023-04-01 2024-03-31 00241566 2024-03-31 00241566 bus:OrdinaryShareClass1 2024-03-31 00241566 core:CurrentFinancialInstruments 2024-03-31 00241566 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00241566 core:Non-currentFinancialInstruments 2024-03-31 00241566 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00241566 core:MotorVehicles 2024-03-31 00241566 core:OtherPropertyPlantEquipment 2024-03-31 00241566 core:ParentEntities 2024-03-31 00241566 bus:SmallEntities 2023-04-01 2024-03-31 00241566 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00241566 bus:FilletedAccounts 2023-04-01 2024-03-31 00241566 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00241566 bus:RegisteredOffice 2023-04-01 2024-03-31 00241566 bus:Director1 2023-04-01 2024-03-31 00241566 bus:Director2 2023-04-01 2024-03-31 00241566 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00241566 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00241566 core:MotorVehicles 2023-04-01 2024-03-31 00241566 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 00241566 core:PlantMachinery 2023-04-01 2024-03-31 00241566 1 2023-04-01 2024-03-31 00241566 countries:AllCountries 2023-04-01 2024-03-31 00241566 2023-03-31 00241566 core:MotorVehicles 2023-03-31 00241566 core:OtherPropertyPlantEquipment 2023-03-31 00241566 core:ParentEntities 2023-03-31 00241566 2022-04-01 2023-03-31 00241566 2023-03-31 00241566 bus:OrdinaryShareClass1 2023-03-31 00241566 core:CurrentFinancialInstruments 2023-03-31 00241566 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00241566 core:Non-currentFinancialInstruments 2023-03-31 00241566 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 00241566 core:MotorVehicles 2023-03-31 00241566 core:OtherPropertyPlantEquipment 2023-03-31 00241566 core:ParentEntities 2023-03-31 00241566 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 00241566 core:ParentEntities 2022-04-01 2023-03-31 00241566 2022-03-31 00241566 core:ParentEntities 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00241566

EBP Building Products Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

EBP Building Products Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

EBP Building Products Limited

Company Information

Directors

K Topham

E O'Boyle

Registered office

Blackamoor Road
Guide
Blackburn
BB1 2LQ

Accountants

Davidson Stant Limited
The Glen
Knutsford Old Road
Stockton Heath
Warrington
WA4 2LD

 

EBP Building Products Limited

(Registration number: 00241566)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

28,304

40,100

Current assets

 

Stocks

4

594,076

707,296

Debtors

5

4,125,944

3,975,391

Cash at bank and in hand

 

361,921

182,581

 

5,081,941

4,865,268

Creditors: Amounts falling due within one year

6

(1,552,505)

(1,598,476)

Net current assets

 

3,529,436

3,266,792

Total assets less current liabilities

 

3,557,740

3,306,892

Creditors: Amounts falling due after more than one year

6

(162,633)

(395,967)

Provisions for liabilities

(5,139)

(5,139)

Net assets

 

3,389,968

2,905,786

Capital and reserves

 

Called up share capital

10

25,600

25,600

Other reserves

19,400

19,400

Retained earnings

3,344,968

2,860,786

Shareholders' funds

 

3,389,968

2,905,786

For the financial year ending 31 March 2024 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

 

EBP Building Products Limited

(Registration number: 00241566)
Balance Sheet as at 31 March 2024

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

K Topham

Director

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Plant and machinery

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 17).

3

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

38,505

352,756

391,261

Additions

-

10,500

10,500

Disposals

(15,500)

-

(15,500)

At 31 March 2024

23,005

363,256

386,261

Depreciation

At 1 April 2023

38,505

312,656

351,161

Charge for the year

-

22,296

22,296

Eliminated on disposal

(15,500)

-

(15,500)

At 31 March 2024

23,005

334,952

357,957

Carrying amount

At 31 March 2024

-

28,304

28,304

At 31 March 2023

-

40,100

40,100

4

Stocks

2024
£

2023
£

Other inventories

594,076

707,296

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,208,965

1,353,669

Amounts owed by related parties

9

2,878,435

2,578,435

Prepayments

 

38,544

43,287

   

4,125,944

3,975,391

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

245,700

339,692

Trade creditors

 

702,050

760,100

Taxation and social security

 

290,283

265,052

Accruals and deferred income

 

306,442

207,258

Other creditors

 

8,030

26,374

 

1,552,505

1,598,476

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

162,633

395,967

Current loans and borrowings

2024
£

2023
£

Bank borrowings

245,700

245,700

Bank overdrafts

-

93,992

245,700

339,692

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil (2023 - £1.00) per each Ordinary Share

-

53,054

 

 

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

 

EBP Building Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024
£

2023
£

Remuneration

125,422

44,241

Loans to related parties

2024

Parent
£

Total
£

At start of period

2,578,435

2,578,435

At end of period

2,578,435

2,578,435

2023

Parent
£

Total
£

At start of period

826,887

826,887

Advanced

1,751,548

1,751,548

At end of period

2,578,435

2,578,435

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share of £1 each

25,600

25,600

25,600

25,600

       

11

Parent and ultimate parent undertaking

The ultimate controlling party is EBP EOT Limited (registered in England & Wales no 14512923).