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REGISTERED NUMBER: SC205216 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Webster Building Supplies Limited

Webster Building Supplies Limited (Registered number: SC205216)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Webster Building Supplies Limited (Registered number: SC205216)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 327,071 424,176
Investments 6 569,365 569,365
896,436 993,541

CURRENT ASSETS
Stocks 491,393 547,191
Debtors 7 1,272,658 1,461,969
Investments 8 502,892 179,033
Cash at bank and in hand 414,323 142,487
2,681,266 2,330,680
CREDITORS
Amounts falling due within one year 9 (498,011 ) (313,694 )
NET CURRENT ASSETS 2,183,255 2,016,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,079,691

3,010,527

PROVISIONS FOR LIABILITIES (81,768 ) (106,044 )
NET ASSETS 2,997,923 2,904,483

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,996,923 2,903,483
2,997,923 2,904,483

Webster Building Supplies Limited (Registered number: SC205216)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 November 2024 and were signed on its behalf by:





Mr P S Miller - Director


Webster Building Supplies Limited (Registered number: SC205216)

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

1. STATUTORY INFORMATION

Webster Building Supplies Limited is a private company, limited by shares, domiciled in Scotland, registration number SC205216. The registered office is 5 Campsie Road, Kirkintilloch, G66 1SL.

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.

Preparation of consolidated financial statements
The financial statements contain information about Webster Building Supplies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services in respect of trading as a builders merchant, excluding value added tax. Turnover is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold property costs - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 15% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.


Webster Building Supplies Limited (Registered number: SC205216)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Listed investments
Investments in listed shares are included at fair value.

3. EMPLOYEES AND DIRECTORS

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

Webster Building Supplies Limited (Registered number: SC205216)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 138,750
AMORTISATION
At 1 April 2023
and 31 March 2024 138,750
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
property Plant and and
costs machinery fittings
£    £    £   
COST
At 1 April 2023 13,561 214,762 20,645
Additions - - -
Disposals - - -
At 31 March 2024 13,561 214,762 20,645
DEPRECIATION
At 1 April 2023 13,561 87,264 19,876
Charge for year - 29,979 316
Eliminated on disposal - - -
At 31 March 2024 13,561 117,243 20,192
NET BOOK VALUE
At 31 March 2024 - 97,519 453
At 31 March 2023 - 127,498 769

Webster Building Supplies Limited (Registered number: SC205216)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 433,330 15,460 697,758
Additions - 757 757
Disposals (49,000 ) - (49,000 )
At 31 March 2024 384,330 16,217 649,515
DEPRECIATION
At 1 April 2023 138,682 14,199 273,582
Charge for year 58,513 888 89,696
Eliminated on disposal (40,834 ) - (40,834 )
At 31 March 2024 156,361 15,087 322,444
NET BOOK VALUE
At 31 March 2024 227,969 1,130 327,071
At 31 March 2023 294,648 1,261 424,176

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 564,290 5,075 569,365
NET BOOK VALUE
At 31 March 2024 564,290 5,075 569,365
At 31 March 2023 564,290 5,075 569,365

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,100,377 1,260,300
Amounts owed by group undertakings 48,000 80,000
Other debtors 124,281 121,669
1,272,658 1,461,969

8. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 502,892 179,033

Webster Building Supplies Limited (Registered number: SC205216)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 178,360 232,345
Amounts owed to group undertakings 204,919 2,297
Taxation and social security 70,479 47,731
Other creditors 44,253 31,321
498,011 313,694

10. RELATED PARTY DISCLOSURES

During the year an administration charge of £7,815 (2023: £27,750) was paid to Dan Ramsay & Son Limited, a company in which Mr D F Stewart is also a director.