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REGISTERED NUMBER: 03180218 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Senior (Building Supplies) Limited

Senior (Building Supplies) Limited (Registered number: 03180218)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Senior (Building Supplies) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: N Barnes
Mrs J Mackenzie
Miss C Mackenzie





REGISTERED OFFICE: Chapel Street
New Mills
High Peak
Derbyshire
SK22 3JN





REGISTERED NUMBER: 03180218 (England and Wales)





ACCOUNTANTS: Clayton and Clayton Accountants LLP
Chartered Certified Accountants
64 Market Street
New Mills
HIGH PEAK
SK22 4AA

Senior (Building Supplies) Limited (Registered number: 03180218)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,132 166,523

CURRENT ASSETS
Stocks 136,950 132,506
Debtors 5 166,777 152,012
Investments 6 1,300 1,300
Cash at bank and in hand 159,566 211,570
464,593 497,388
CREDITORS
Amounts falling due within one year 7 171,730 219,104
NET CURRENT ASSETS 292,863 278,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,995

444,807

CREDITORS
Amounts falling due after more than
one year

8

(8,020

)

(13,967

)

PROVISIONS FOR LIABILITIES (29,293 ) (31,639 )
NET ASSETS 397,682 399,201

Senior (Building Supplies) Limited (Registered number: 03180218)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 397,582 399,101
397,682 399,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




Mrs J Mackenzie - Director



Miss C Mackenzie - Director


Senior (Building Supplies) Limited (Registered number: 03180218)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Senior (Building Supplies) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Senior (Building Supplies) Limited (Registered number: 03180218)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 7,336 367,500 374,836
DEPRECIATION
At 1 August 2023 - 208,313 208,313
Charge for year - 24,391 24,391
At 31 July 2024 - 232,704 232,704
NET BOOK VALUE
At 31 July 2024 7,336 134,796 142,132
At 31 July 2023 7,336 159,187 166,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 155,594 143,471
Other debtors 11,183 8,541
166,777 152,012

6. CURRENT ASSET INVESTMENTS
31.7.24 31.7.23
£    £   
Unlisted investments 1,300 1,300

Senior (Building Supplies) Limited (Registered number: 03180218)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 6,389 6,389
Trade creditors 120,263 153,526
Taxation and social security 41,239 32,130
Other creditors 3,839 27,059
171,730 219,104

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,020 13,967

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £30,000) were paid to the directors .

During the period the business paid rent for the use of the property to J Mackenzie of £24,501 (2023 - £20,456)

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Mackenzie.