IRIS Accounts Production v24.3.0.553 02313765 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023137652023-09-30023137652024-09-30023137652023-10-012024-09-30023137652022-09-30023137652022-10-012023-09-30023137652023-09-3002313765ns15:EnglandWales2023-10-012024-09-3002313765ns14:PoundSterling2023-10-012024-09-3002313765ns10:Director12023-10-012024-09-3002313765ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002313765ns10:SmallEntities2023-10-012024-09-3002313765ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3002313765ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002313765ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002313765ns10:FullAccounts2023-10-012024-09-3002313765ns10:OrdinaryShareClass12023-10-012024-09-3002313765ns10:OrdinaryShareClass22023-10-012024-09-3002313765ns10:OrdinaryShareClass32023-10-012024-09-3002313765ns10:OrdinaryShareClass42023-10-012024-09-3002313765ns10:OrdinaryShareClass52023-10-012024-09-3002313765ns10:Director22023-10-012024-09-3002313765ns10:Director32023-10-012024-09-3002313765ns10:CompanySecretary12023-10-012024-09-3002313765ns10:RegisteredOffice2023-10-012024-09-3002313765ns5:CurrentFinancialInstruments2024-09-3002313765ns5:CurrentFinancialInstruments2023-09-3002313765ns5:Non-currentFinancialInstruments2024-09-3002313765ns5:Non-currentFinancialInstruments2023-09-3002313765ns5:ShareCapital2024-09-3002313765ns5:ShareCapital2023-09-3002313765ns5:SharePremium2024-09-3002313765ns5:SharePremium2023-09-3002313765ns5:CapitalRedemptionReserve2024-09-3002313765ns5:CapitalRedemptionReserve2023-09-3002313765ns5:RetainedEarningsAccumulatedLosses2024-09-3002313765ns5:RetainedEarningsAccumulatedLosses2023-09-3002313765ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-012024-09-3002313765ns5:PlantMachinery2023-10-012024-09-3002313765ns5:FurnitureFittings2023-10-012024-09-3002313765ns5:MotorVehicles2023-10-012024-09-3002313765ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3002313765ns5:PlantMachinery2023-09-3002313765ns5:FurnitureFittings2023-09-3002313765ns5:MotorVehicles2023-09-3002313765ns5:LandBuildingsns5:ShortLeaseholdAssets2024-09-3002313765ns5:PlantMachinery2024-09-3002313765ns5:FurnitureFittings2024-09-3002313765ns5:MotorVehicles2024-09-3002313765ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3002313765ns5:PlantMachinery2023-09-3002313765ns5:FurnitureFittings2023-09-3002313765ns5:MotorVehicles2023-09-3002313765ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3002313765ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3002313765ns10:OrdinaryShareClass12024-09-3002313765ns10:OrdinaryShareClass22024-09-3002313765ns10:OrdinaryShareClass32024-09-3002313765ns10:OrdinaryShareClass42024-09-3002313765ns10:OrdinaryShareClass52024-09-30
REGISTERED NUMBER: 02313765 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

A.B. BUILDING PRODUCTS LIMITED

A.B. BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 02313765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.B. BUILDING PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr J N Richmond
Mr C J Richmond
Mr M J Richmond





SECRETARY: Mrs L M Richmond





REGISTERED OFFICE: Kingsgate House
North Wing, Ground Floor
Newbury Road
Andover
Hampshire
SP10 4DU





REGISTERED NUMBER: 02313765 (England and Wales)






A.B. BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 02313765)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 125,986 89,333

CURRENT ASSETS
Stocks 473,297 459,842
Debtors 6 183,988 235,963
Cash at bank and in hand 146,574 6,027
803,859 701,832
CREDITORS
Amounts falling due within one year 7 428,817 438,177
NET CURRENT ASSETS 375,042 263,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,028

352,988

CREDITORS
Amounts falling due after more than one
year

8

(287,333

)

(112,333

)

PROVISIONS FOR LIABILITIES (13,821 ) (13,945 )
NET ASSETS 199,874 226,710

CAPITAL AND RESERVES
Called up share capital 9 132 132
Share premium 499 499
Capital redemption reserve 51 51
Retained earnings 199,192 226,028
SHAREHOLDERS' FUNDS 199,874 226,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

A.B. BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 02313765)

BALANCE SHEET - continued
30TH SEPTEMBER 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 25th November 2024 and were signed on its behalf by:





Mr J N Richmond - Director


A.B. BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 02313765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

A.B. Building Products 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% straight line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% straight line
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

A.B. BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 02313765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 26,668 128,424 24,142 20,450 199,684
Additions 10,826 35,460 3,936 - 50,222
Disposals - (87,424 ) - - (87,424 )
At 30th September 2024 37,494 76,460 28,078 20,450 162,482
DEPRECIATION
At 1st October 2023 1,333 87,498 8,916 12,604 110,351
Charge for year 2,805 990 7,812 1,962 13,569
Eliminated on disposal - (87,424 ) - - (87,424 )
At 30th September 2024 4,138 1,064 16,728 14,566 36,496
NET BOOK VALUE
At 30th September 2024 33,356 75,396 11,350 5,884 125,986
At 30th September 2023 25,335 40,926 15,226 7,846 89,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,366 149,899
Other debtors 47,622 86,064
183,988 235,963

A.B. BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 02313765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 79,745
Trade creditors 293,382 250,307
Taxation and social security 47,767 74,567
Other creditors 37,668 33,558
428,817 438,177

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 62,333 112,333
Other creditors 225,000 -
287,333 112,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 62,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
54 Ordinary B £1 54 54
22 Ordinary C £1 22 22
22 Ordinary D £1 22 22
11 Ordinary E £1 11 11
22 Ordinary F £1 22 22
132 132

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

These loans were unsecured with interest charged in accordance with HMRC guidelines and were repaid within nine months of the year end.