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Company Registration No. 09159227 (England and Wales)
One Stop Building Merchants Ltd Unaudited accounts for the year ended 31 August 2024
One Stop Building Merchants Ltd Unaudited accounts Contents
Page
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One Stop Building Merchants Ltd Company Information for the year ended 31 August 2024
Director
Mr Y S Stern
Company Number
09159227 (England and Wales)
Registered Office
18 Lynmouth Road London N16 6XL England
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One Stop Building Merchants Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
775,000 
775,000 
Current assets
Debtors
222,756 
222,521 
Cash at bank and in hand
1,419 
2,893 
224,175 
225,414 
Creditors: amounts falling due within one year
(125,951)
(120,935)
Net current assets
98,224 
104,479 
Total assets less current liabilities
873,224 
879,479 
Creditors: amounts falling due after more than one year
(645,532)
(646,616)
Provisions for liabilities
Deferred tax
(54,000)
(54,000)
Net assets
173,692 
178,863 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
173,691 
178,862 
Shareholders' funds
173,692 
178,863 
For the year ending 31 August 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2025 and were signed on its behalf by
Mr Y S Stern Director Company Registration No. 09159227
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One Stop Building Merchants Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
One Stop Building Merchants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09159227. The registered office is 18 Lynmouth Road, London, N16 6XL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Borrowing costs
Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset form part of the cost of that asset. Other borrowing costs are recognised as an expense.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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One Stop Building Merchants Ltd Notes to the Accounts for the year ended 31 August 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
775,000 
At 31 August 2024
775,000 
The investment property at 31 August 2024 is stated at director's estimation of open market value. The historical cost of investment property included at valuation is £538,456 (2023: £538,456).
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,794 
5,059 
Other debtors
218,962 
217,462 
222,756 
222,521 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
125,951 
120,935 
Other creditors include an amount of £121,923 (2023: £116,907) due to the director and companies with a common director with the company.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
645,532 
646,616 
The bank loan is secured on the company's investment property.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
Other debtors include amounts of £217,462 (2023: £217,462) due from companies with a director in common with the company.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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