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REGISTERED NUMBER: 07297823 (England and Wales)


















D P BUILDING SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 JANUARY 2024






D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D P BUILDING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 JANUARY 2024







DIRECTORS: Mr B D J Phillips
Mr D L Phillips





REGISTERED OFFICE: c/o Dolau Gronw
Llanboidy
Whitland
Carmarthenshire
SA34 0EE





REGISTERED NUMBER: 07297823 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,629 99,679

CURRENT ASSETS
Stocks 443,124 400,000
Debtors 354,667 468,571
Cash at bank and in hand 123,152 52,371
920,943 920,942
CREDITORS
Amounts falling due within one year 606,554 614,523
NET CURRENT ASSETS 314,389 306,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,018

406,098

CREDITORS
Amounts falling due after more than
one year

(19,048

)

(38,449

)

PROVISIONS FOR LIABILITIES (16,155 ) (18,817 )
NET ASSETS 366,815 348,832

CAPITAL AND RESERVES
Called up share capital 500 2
Retained earnings 366,315 348,830
366,815 348,832

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

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

D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 January 2025 and were signed on its behalf by:





Mr D L Phillips - Director


D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

D P 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 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.

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 etc - 20% on reducing balance and 5% 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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2023 - 12 ) .

D P BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 07297823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 31 January 2024 282,039
DEPRECIATION
At 1 March 2023 182,360
Charge for period 12,050
At 31 January 2024 194,410
NET BOOK VALUE
At 31 January 2024 87,629
At 28 February 2023 99,679