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REGISTERED NUMBER: 14078018 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2024 to 30 November 2024

for

South West Building Supplies Ltd

South West Building Supplies Ltd (Registered number: 14078018)






Contents of the Financial Statements
for the Period 1 May 2024 to 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South West Building Supplies Ltd

Company Information
for the Period 1 May 2024 to 30 November 2024







DIRECTORS: B Dwenger
Ms T K Key
J B Parker



REGISTERED OFFICE: 1 Westcountry Storage Solutions
Falcon Road
Exeter
Devon
EX2 7LJ



REGISTERED NUMBER: 14078018 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: Tide Platform Limited
5th Floor
1 Appold Street
London
EC2A 2UT

South West Building Supplies Ltd (Registered number: 14078018)

Balance Sheet
30 November 2024

30.11.24 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,550 17,092

CURRENT ASSETS
Stocks 5 25,400 15,390
Debtors 6 38,322 32,063
Cash at bank and in hand 27,655 23,511
91,377 70,964
CREDITORS
Amounts falling due within one year 7 66,708 55,322
NET CURRENT ASSETS 24,669 15,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,219

32,734

CREDITORS
Amounts falling due after more than one
year

8

(10,254

)

(12,247

)

PROVISIONS FOR LIABILITIES 10 (6,143 ) (3,247 )
NET ASSETS 22,822 17,240

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 22,722 17,140
SHAREHOLDERS' FUNDS 22,822 17,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

South West Building Supplies Ltd (Registered number: 14078018)

Balance Sheet - continued
30 November 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 4 April 2025 and were signed on its behalf by:




B Dwenger - Director Ms T K Key - Director




J B Parker - Director


South West Building Supplies Ltd (Registered number: 14078018)

Notes to the Financial Statements
for the Period 1 May 2024 to 30 November 2024

1. STATUTORY INFORMATION

South West 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

South West Building Supplies Ltd (Registered number: 14078018)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 30 November 2024

2. ACCOUNTING POLICIES - continued

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 period was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2024 915 18,989 2,203 22,107
Additions - - 139 139
At 30 November 2024 915 18,989 2,342 22,246
DEPRECIATION
At 1 May 2024 354 3,798 863 5,015
Charge for period 133 2,215 333 2,681
At 30 November 2024 487 6,013 1,196 7,696
NET BOOK VALUE
At 30 November 2024 428 12,976 1,146 14,550
At 30 April 2024 561 15,191 1,340 17,092

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2024
and 30 November 2024 18,989
DEPRECIATION
At 1 May 2024
and 30 November 2024 3,798
NET BOOK VALUE
At 30 November 2024 15,191
At 30 April 2024 15,191

5. STOCKS
30.11.24 30.4.24
£    £   
Stocks 25,400 15,390

South West Building Supplies Ltd (Registered number: 14078018)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.4.24
£    £   
Trade debtors 38,264 31,903
Prepayments 58 160
38,322 32,063

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.4.24
£    £   
Hire purchase contracts 3,418 3,418
Trade creditors 38,480 31,791
Tax 3,592 1,007
Social security and other taxes 1,177 542
VAT 6,010 4,476
Other creditors 6,919 6,919
Directors' current accounts 4,495 4,494
Accrued expenses 2,617 2,675
66,708 55,322

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.4.24
£    £   
Hire purchase contracts 10,254 12,247

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.4.24
£    £   
Hire purchase contracts 13,672 15,665

10. PROVISIONS FOR LIABILITIES
30.11.24 30.4.24
£    £   
Deferred tax 6,143 3,247

Deferred
tax
£   
Balance at 1 May 2024 3,247
Provided during period 2,896
Balance at 30 November 2024 6,143

South West Building Supplies Ltd (Registered number: 14078018)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 30 November 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.4.24
value: £    £   
100 ordinary 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 May 2024 17,140
Profit for the period 5,582
At 30 November 2024 22,722

13. ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.