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REGISTERED NUMBER: 02480948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BBS (BRICK & STONE) LIMITED

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BBS (BRICK & STONE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P R Waite
J Waite
S Phillips
E Humphrey



SECRETARY: E Humphrey



REGISTERED OFFICE: Wharfe House
Wharfebank Mills
Ilkley Road
Otley
West Yorkshire
LS21 3JP



REGISTERED NUMBER: 02480948 (England and Wales)



ACCOUNTANTS: Reed Smith Associates Limited
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: Barclays Bank plc
Leicester Town Hall Square
Leicester
Leicestershire
LE87 2BB

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,600
Property, plant and equipment 5 112,268 126,969
Investments 6 - 753
Investment property 7 414,521 414,521
526,789 544,843

CURRENT ASSETS
Inventories 602,883 411,024
Debtors 8 1,584,367 2,055,217
Cash at bank and in hand 764,403 173,611
2,951,653 2,639,852
CREDITORS
Amounts falling due within one year 9 1,479,648 1,237,013
NET CURRENT ASSETS 1,472,005 1,402,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,998,794

1,947,682

CREDITORS
Amounts falling due after more than one
year

10

-

(65,567

)

PROVISIONS FOR LIABILITIES (28,067 ) (31,742 )
NET ASSETS 1,970,727 1,850,373

CAPITAL AND RESERVES
Called up share capital 6,579 13,158
Capital redemption reserve 6,579 -
Retained earnings 1,957,569 1,837,215
SHAREHOLDERS' FUNDS 1,970,727 1,850,373

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 6 December 2024 and were signed on its behalf by:




P R Waite - Director J Waite - Director




S Phillips - Director E Humphrey - Director


BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

BBS (Brick & Stone) 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 as modified by the revaluation of certain assets.

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories 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 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.

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 23 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Motor
vehicle
registrations
£   
COST
At 1 June 2023 2,600
Disposals (2,600 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 2,600

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 82,700 47,369 200,463 330,532
Additions - 3,345 62,964 66,309
Disposals - (7,464 ) (95,901 ) (103,365 )
At 31 May 2024 82,700 43,250 167,526 293,476
DEPRECIATION
At 1 June 2023 82,700 34,053 86,810 203,563
Charge for year - 7,677 34,789 42,466
Eliminated on disposal - (7,464 ) (57,357 ) (64,821 )
At 31 May 2024 82,700 34,266 64,242 181,208
NET BOOK VALUE
At 31 May 2024 - 8,984 103,284 112,268
At 31 May 2023 - 13,316 113,653 126,969

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 85,499
Disposals (36,095 )
Transfer to ownership (49,404 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 45,656
Charge for year 7,423
Eliminated on disposal (18,330 )
Transfer to ownership (34,749 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 39,843

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 753
Revaluations (753 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 753

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2015 1,602
Valuation in 2016 (130 )
Valuation in 2017 825
Valuation in 2018 (715 )
Valuation in 2019 (2,135 )
Valuation in 2020 (434 )
Valuation in 2021 458
Valuation in 2022 (248 )
Valuation in 2023 (198 )
Valuation in 2024 (753 )
Cost 1,728

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 414,521
NET BOOK VALUE
At 31 May 2024 414,521
At 31 May 2023 414,521

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2007 50,925
Valuation in 2008 (4,264 )
Valuation in 2009 6,126
Valuation in 2010 (3,433 )
Valuation in 2012 (15,018 )
Cost 380,185
414,521

If investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 380,185 380,185

Investment property was valued on an open market basis on 31 May 2024 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,354,274 1,795,671
Other debtors and prepayments 52,538 46,450
Directors' current accounts 132,572 168,113
Section 455 tax 44,983 44,983
1,584,367 2,055,217

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 6,054
Hire purchase contracts - 27,620
Trade creditors 416,062 154,307
Sales invoice finance - 292,762
Amounts owed to participating interests 5,022 5,022
Other taxation and social security 732,931 452,509
Accruals and deferred income 325,633 298,739
1,479,648 1,237,013

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans due within 1-2 years - 6,546
Bank loans due within 2-5 years - 23,613
Bank loans due after more than 5 years - 30,088
Hire purchase contracts - 5,320
- 65,567

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than 5 years - 30,088

11. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans - 66,301
Hire purchase contracts - 32,940
Sales invoice finance - 292,762
- 392,003

The bank overdraft and loans are secured by a charge over the assets of the company together with personal guarantees of the directors. The invoice finance facility is secured by a charge over the book debts of the company.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
P R Waite
Balance outstanding at start of year 131,879 136,254
Amounts advanced 693 -
Amounts repaid - (4,375 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 132,572 131,879

BBS (BRICK & STONE) LIMITED (REGISTERED NUMBER: 02480948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

F C Young
Balance outstanding at start of year 36,234 36,234
Amounts repaid (36,234 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 36,234

13. ULTIMATE CONTROLLING PARTY

The controlling party is P R Waite.