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REGISTERED NUMBER: 04959524 (England and Wales)












PC BUILDING SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PC BUILDING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T J Dunning
W N Dunning



SECRETARY: Mrs C T Dunning



REGISTERED OFFICE: Hardley Industrial Estate
Hardley
Southampton
Hampshire
SO45 3NQ



REGISTERED NUMBER: 04959524 (England and Wales)



BANKERS: Lloyds Bank plc
92 - 94 Above Bar Street
Southampton
Hampshire
SO14 7DT

PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - 25,300
Tangible assets 5 120,891 158,335
Investments 6 101,300 1,300
222,191 184,935

CURRENT ASSETS
Stocks 426,842 507,193
Debtors 7 892,186 596,890
Cash at bank 315,459 462,657
1,634,487 1,566,740
CREDITORS
Amounts falling due within one year 8 (737,842 ) (645,980 )
NET CURRENT ASSETS 896,645 920,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,118,836

1,105,695

CREDITORS
Amounts falling due after more than one
year

9

(45,430

)

(63,949

)

PROVISIONS FOR LIABILITIES (29,950 ) (39,294 )
NET ASSETS 1,043,456 1,002,452

CAPITAL AND RESERVES
Called up share capital 553,232 553,232
Retained earnings 490,224 449,220
SHAREHOLDERS' FUNDS 1,043,456 1,002,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 15 January 2025 and were signed on its behalf by:




W N Dunning - Director



T J Dunning - Director


PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

PC 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% Reducing balance
Fixtures and fittings - 20% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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


PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 506,000
AMORTISATION
At 1 May 2023 480,700
Charge for year 25,300
At 30 April 2024 506,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 25,300

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 May 2023 49,092 85,325 236,663 31,483 402,563
Additions - 235 - 1,381 1,616
Disposals - - (56,750 ) - (56,750 )
At 30 April 2024 49,092 85,560 179,913 32,864 347,429
DEPRECIATION
At 1 May 2023 35,443 58,759 120,453 29,573 244,228
Charge for year 2,731 5,260 28,925 1,638 38,554
Eliminated on disposal - - (56,244 ) - (56,244 )
At 30 April 2024 38,174 64,019 93,134 31,211 226,538
NET BOOK VALUE
At 30 April 2024 10,918 21,541 86,779 1,653 120,891
At 30 April 2023 13,649 26,566 116,210 1,910 158,335

PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 May 2023 1,300
Additions 100,000
At 30 April 2024 101,300
NET BOOK VALUE
At 30 April 2024 101,300
At 30 April 2023 1,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 511,665 425,794
Amounts owed by group undertakings 258,000 -
Other debtors 122,521 171,096
892,186 596,890

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 10) 18,519 20,945
Trade creditors 588,454 574,070
Amounts owed to group undertakings - 12,000
Taxation and social security 78,364 27,408
Other creditors 52,505 11,557
737,842 645,980

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts (see note 10) 45,430 63,949

PC BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 04959524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 18,519 20,945
Between one and five years 45,430 63,949
63,949 84,894

At the balance sheet date the company had future commitments under operating leases which totalled £Nil (2023: £24,269).

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 63,949 84,894

The balance is secured by the assets to which it relates.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £1,000 (2023: £1,000) were made to the company's directors. The balance outstanding at the year-end was £91,627 (2023: £90,627). No interest is payable and the advances are repayable on demand.