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REGISTERED NUMBER: 04007527 (England and Wales)










COVENTRY BUILDING SUPPLIES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






COVENTRY BUILDING SUPPLIES LTD (REGISTERED NUMBER: 04007527)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COVENTRY BUILDING SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S S Takhar
Mr A S Takhar
Mrs M Kahlon



REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB



REGISTERED NUMBER: 04007527 (England and Wales)



ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB



BANKERS: Lloyds Bank

COVENTRY BUILDING SUPPLIES LTD (REGISTERED NUMBER: 04007527)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,556 64,462
39,556 64,462

CURRENT ASSETS
Stocks 6 152,322 83,390
Debtors 7 - 4,696
Cash at bank and in hand 11,744 137,752
164,066 225,838
CREDITORS
Amounts falling due within one year 8 (128,741 ) (163,363 )
NET CURRENT ASSETS 35,325 62,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,881

126,937

CREDITORS
Amounts falling due after more than one
year

9

(54,984

)

(94,393

)

PROVISIONS FOR LIABILITIES (2,603 ) (454 )
NET ASSETS 17,294 32,090

CAPITAL AND RESERVES
Called up share capital 999 999
Retained earnings 16,295 31,091
SHAREHOLDERS' FUNDS 17,294 32,090

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.

COVENTRY BUILDING SUPPLIES LTD (REGISTERED NUMBER: 04007527)

BALANCE SHEET - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr A S Takhar - Director


COVENTRY BUILDING SUPPLIES LTD (REGISTERED NUMBER: 04007527)

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

1. STATUTORY INFORMATION

Coventry Building Supplies Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, 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 each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 15% on reducing balance

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.

COVENTRY BUILDING SUPPLIES LTD (REGISTERED NUMBER: 04007527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 69,421
AMORTISATION
At 1 May 2023
and 30 April 2024 69,421
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 139,802 1,542 201,357 1,380 344,081
DEPRECIATION
At 1 May 2023 93,580 1,438 183,430 1,171 279,619
Charge for year 6,933 15 17,926 32 24,906
At 30 April 2024 100,513 1,453 201,356 1,203 304,525
NET BOOK VALUE
At 30 April 2024 39,289 89 1 177 39,556
At 30 April 2023 46,222 104 17,927 209 64,462

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 152,322 83,390

COVENTRY BUILDING SUPPLIES LTD (REGISTERED NUMBER: 04007527)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
VAT - 4,696

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 74,750 157,489
Tax 2,489 96
VAT 13,440 -
Net wages 3,321 3,214
Pension fund 460 396
Directors' current accounts 32,594 481
Accrued expenses 1,687 1,687
128,741 163,363

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 20,833 31,683
Social security and other taxes 957 1,182
Hire punchase 1 33,194 61,528
54,984 94,393

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the director is £32,594. The amount is interest free with no fixed date of repayment.