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REGISTERED NUMBER: 10903093 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

IBB Builders Merchants Ltd

IBB Builders Merchants Ltd (Registered number: 10903093)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


IBB Builders Merchants Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: J Ambrozy





SECRETARY:





REGISTERED OFFICE: 18 Gorst Road
London
United Kingdom
NW10 6LE





REGISTERED NUMBER: 10903093 (England and Wales)





ACCOUNTANTS: IBB Builders Merchants Ltd
18 Gorst Road
London
NW106LE

IBB Builders Merchants Ltd (Registered number: 10903093)

Report of the Director
for the Year Ended 31 August 2024

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of selling building materials.

DIRECTOR
J Ambrozy held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Ambrozy - Director


22 May 2025

IBB Builders Merchants Ltd (Registered number: 10903093)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £    £   

TURNOVER 2,550,623 2,899,097

Cost of sales 1,670,033 2,013,237
GROSS PROFIT 880,590 885,860

Distribution costs 323,722 375,858
Administrative expenses 541,416 507,201
865,138 883,059
OPERATING PROFIT and
PROFIT BEFORE TAXATION 15,452 2,801

Tax on profit 2,936 532
PROFIT FOR THE FINANCIAL YEAR 12,516 2,269

IBB Builders Merchants Ltd (Registered number: 10903093)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 34,327 40,385

CURRENT ASSETS
Stocks 867,374 767,695
Cash at bank and in hand 13,618 13,500
880,992 781,195
NET CURRENT ASSETS 880,992 781,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

915,319

821,580

RESERVES
Fair value reserve 6 762,605 681,382
Retained earnings 152,714 140,198
915,319 821,580

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 22 May 2025 and were signed by:





J Ambrozy - Director


IBB Builders Merchants Ltd (Registered number: 10903093)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

IBB Builders Merchants 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.

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.

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 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 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 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.

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

IBB Builders Merchants Ltd (Registered number: 10903093)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.8.24 31.8.23
£    £   
Depreciation - owned assets 6,058 7,127

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 47,512
DEPRECIATION
At 1 September 2023 7,127
Charge for year 6,058
At 31 August 2024 13,185
NET BOOK VALUE
At 31 August 2024 34,327
At 31 August 2023 40,385

6. RESERVES
Fair
value
reserve
£   
At 1 September 2023 681,382
No description 81,223

At 31 August 2024 762,605