Building Materials Limited Filleted Accounts Cover
Building Materials Limited
Company No. 02941035
Information for Filing with The Registrar
30 March 2024
Building Materials Limited Balance Sheet Registrar
at
30 March 2024
Company No.
02941035
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
105,000112,500
Tangible assets
5
432,124400,659
537,124513,159
Current assets
Debtors
6
2,629,9442,560,122
Cash at bank and in hand
116,982133,252
2,746,9262,693,374
Creditors: Amount falling due within one year
7
(2,198,646)
(2,208,048)
Net current assets
548,280485,326
Total assets less current liabilities
1,085,404998,485
Creditors: Amounts falling due after more than one year
8
(103,782)
(122,977)
Net assets
981,622875,508
Capital and reserves
Called up share capital
1,0001,000
Profit and loss account
9
980,622874,508
Total equity
981,622875,508
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2024
And signed on its behalf by:
N. Deloughery
Director
31 March 2024
Building Materials Limited Notes to the Accounts Registrar
for the period ended 30 March 2024
1
General information
Its registered number is: 02941035
Its registered office is:
Suite 2 Regency House
Harold Wood
Romford
Essex
RM3 0BP
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
10% Straight line
Motor vehicles
10% Straight line
Furniture, fittings and equipment
10% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the period:
78
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 April 2023
150,000150,000
At 30 March 2024
150,000150,000
Amortisation and impairment
At 1 April 2023
37,50037,500
Charge for the year
7,5007,500
At 30 March 2024
45,00045,000
Net book values
At 30 March 2024
105,000105,000
At 31 March 2023
112,500112,500
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 April 2023
259,819334,3739,735603,927
Additions
-97,0255,039102,064
At 30 March 2024
259,819431,39814,774705,991
Depreciation
At 1 April 2023
132,76565,4685,035203,268
Charge for the year
25,98243,1401,47770,599
At 30 March 2024
158,747108,6086,512273,867
Net book values
At 30 March 2024
101,072322,7908,262432,124
At 31 March 2023
127,054268,9054,700400,659
6
Debtors
2024
2023
£
£
Trade debtors
2,107,7072,525,850
VAT recoverable
31,48134,272
Prepayments and accrued income
490,756-
2,629,9442,560,122
7
Creditors amounts falling due within one year:
2024
2023
£
£
Other loans
538,952548,952
Obligations under finance lease and hire purchase contracts
49,80149,801
Trade creditors
907,9821,404,415
Amounts owed to group undertakings
651,506171,841
Corporation tax
18,60618,606
Other taxes and social security
9,918469
Loans from directors
13,6749,765
Other creditors
4,009-
Accruals and deferred income
4,1984,199
2,198,6462,208,048
8
Creditors amounts falling due after more than one year:
2024
2023
£
£
Obligations under finance lease and hire purchase contracts
103,782122,977
103,782122,977
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
60,000
30,000
60,000
30,000
Dividends by type:
Equity dividends
60,00030,000
60,000
30,000
11
Related party disclosures
At the balance sheet date £13,674 was owed to the director by the company.
Controlling party
Immediate controlling party
D. Deloughery controls the company
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