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Registered number: 02661954










ALL ABOUT BRICKS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ALL ABOUT BRICKS LIMITED
 
 
COMPANY INFORMATION


Directors
A Blei 
J Plews 




Company secretary
A Blei



Registered number
02661954



Registered office
Unit 10
Maisies Way

South Normanton

Alfreton

Derbyshire

DE55 2DS




Independent auditors
Shorts
Chartered Accountants & Statutory Auditor

2 Ashgate Road

Chesterfield

Derbyshire

S40 4AA




Bankers
HSBC Bank UK Plc





 
ALL ABOUT BRICKS LIMITED
 

CONTENTS



Page
Strategic report
 
1
Directors' report
 
2 - 3
Independent auditors' report
 
4 - 7
Statement of income and retained earnings
 
8
Balance sheet
 
9
Notes to the financial statements
 
10 - 21


 
ALL ABOUT BRICKS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report on the Company for the year ended 31 December 2024.

Business review
 
The principal activity of the Company during the year continued to be that of the sale of bricks and brick related products throughout the United Kingdom and Ireland.

2024 saw static brick sales and further expansion of brick specials sales, this reflected the 2024 forecast and budget from Q4 2023. Brick specials sales benefited from further investment in equipment whilst staff number remained consistent with 2023. Brick Specials product range grew significantly during 2024.
Whilst the composite of the Brick and Brick Special sales provided a consistent margin to 2023, necessary write downs for aged stock and decommissioned equipment lowered the year on year performance.
Despite challenging/worsening market conditions and the need for write downs the business remained resilient.

Principal risks and uncertainties
 
Financial risk management objectives and policies
The directors have reviewed the financial risks facing the Company and have devised systems and controls to mitigate these risks.
Competition risk
The Company constantly updates its portfolio of products and monitors competitor activity in order to remain competitive in the market place.

Financial key performance indicators
 
The results of the Company for the year, as set out in page 8, show an operating profit of £1,812,515 (2023:£2,057,423). 

The net current assets of the Company as at 31 December 2024 totalled £5,985,979 (2023: £6,824,815).
The directors monitor the progress of the Company by reference to key performance indicators. The key performance indicators for the Company are those that communicate the financial performance and strength of the Company as a whole, being gross profit margin and overall profitability.
Other key performance indicators show a current ratio of 4.94 (2023: 5.35), demonstrating the continued strong working capital position of the Company notwithstanding the decrease in trading levels year on year.


This report was approved by the board on 10 June 2025 and signed on its behalf.



J Plews
Director

Page 1

 
ALL ABOUT BRICKS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Results and dividends

The profit for the year, after taxation, amounted to £1,361,164 (2023 - £1,575,132).

A dividend totalling £2,200,000 was paid in the year.

Directors

The directors who served during the year were:

A Blei 
J Plews 

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Qualifying third party indemnity provisions

All About Bricks maintains liability insurance for the Company's directors and officers, with a cover limited to each claim or series of claims against them in that capacity. The directors have also been granted a qualifying third party indemnity provision under section 234 of the Companies Act 2006. Neither the Company's indemnity nor the insurance provides cover in the event of a director being proved to have acted fraudulently or dishonestly.

Page 2

 
ALL ABOUT BRICKS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024


Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsShortswill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 10 June 2025 and signed on its behalf.
 





J Plews
Director

Page 3

 
ALL ABOUT BRICKS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALL ABOUT BRICKS LIMITED
 

Opinion


We have audited the financial statements of All About Bricks Limited (the 'Company') for the year ended 31December 2024, which comprise the Statement of income and retained earnings, the Balance sheet and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 4

 
ALL ABOUT BRICKS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALL ABOUT BRICKS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
ALL ABOUT BRICKS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALL ABOUT BRICKS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
 
the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
through discussions with the directors and other management and from our commercial knowledge and experience of the educational support services sector, we identified the laws and regulations applicable to the Company; and
focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

performed analytical procedures to identify any unusual or unexpected relationships;
considered journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
review of minutes of meetings of management and those charged with governance;
review of legal and professional fees for evidence of litigation;
review of accident / incident records held by the company;
enquiring of management as to actual and potential litigation and claims; and
Page 6

 
ALL ABOUT BRICKS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALL ABOUT BRICKS LIMITED (CONTINUED)


considering relationships with HMRC, relevant regulators and the Company’s legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Kirstie Wilson ACA DChA (Senior statutory auditor)
  
for and on behalf of
Shorts
 
Chartered Accountants
Statutory Auditor
  
2 Ashgate Road
Chesterfield
Derbyshire
S40 4AA

10 June 2025
Page 7

 
ALL ABOUT BRICKS LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
 4 
19,940,521
21,925,687

Cost of sales
  
(15,698,252)
(17,676,966)

Gross profit
  
4,242,269
4,248,721

Administrative expenses
  
(2,429,754)
(2,191,298)

Operating profit
 5 
1,812,515
2,057,423

Interest receivable
  
1,582
4,378

Profit before tax
  
1,814,097
2,061,801

Tax on profit
 9 
(452,933)
(486,669)

Profit after tax
  
1,361,164
1,575,132

  

  

Retained earnings at the beginning of the year
  
6,724,240
7,699,108

Profit for the year
  
1,361,164
1,575,132

Dividends declared and paid
  
(2,200,000)
(2,550,000)

Retained earnings at the end of the year
  
5,885,404
6,724,240
The notes on pages 10 to 21 form part of these financial statements.

Page 8

 
ALL ABOUT BRICKS LIMITED
REGISTERED NUMBER: 02661954

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 10 
343,201
378,823

Current assets
  

Stocks
 11 
2,740,379
3,485,599

Debtors: amounts falling due within one year
 12 
2,511,159
1,850,015

Cash at bank and in hand
  
1,893,340
2,639,486

  
7,144,878
7,975,100

Creditors: amounts falling due within one year
 13 
(1,444,962)
(1,490,996)

Net current assets
  
 
 
5,699,916
 
 
6,484,104

Total assets less current liabilities
  
6,043,117
6,862,927

Provisions for liabilities
  

Deferred tax
 14 
(57,138)
(38,112)

Net assets
  
5,985,979
6,824,815


Capital and reserves
  

Called up share capital 
 15 
100,450
100,450

Capital redemption reserve
  
125
125

Profit and loss account
  
5,885,404
6,724,240

  
5,985,979
6,824,815


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 June 2025.




J Plews
Director

The notes on pages 10 to 21 form part of these financial statements.

Page 9

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

All About Bricks Limited is a private company limited by shares, incorporated in England and Wales. Theregistered office is Unit 10, Maisies Way, South Normanton, Alfreton, Derbyshire, DE55 2DS and the registered number is 02661954.
The principal activity of the Company is the sale of bricks and brick related products. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Beheer-en Beleggingsmaatschappij Blei Zwartsluis B.V. as at 31 December 2024 and these financial statements may be obtained from the Trade Register of the Chambers of Commerce in S'Hertogenbosch, TheNetherlands.

Page 10

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Pounds Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 11

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Long-term leasehold property
-
33% straight line
Plant and machinery
-
20-33% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
33% straight line
Office equipment
-
33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 12

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be ecovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 13

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have the greatest level of uncertainty are addressed below:

(i) Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually and are amended when necessary to reflect current estimates, based on technological advancement and the physical condition of the assets. See note 10 for the carrying amount of tangible fixed assets, and note 2 above for the depreciation rates applied to each category of assets.
(ii) Stock provisioning
When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of stock. The carrying value of stock after making such a provision was £2,740,379 (2023: £3,485,599).
(iii) Impairment of debtors
The Company makes an estimate of the recoverable value of trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. The amount of trade debtors after making such provision was £2,391,140 (2023: £1,844,029).


4.


Turnover

The whole of the turnover is attributable to the principal activity of the Company.

All turnover arose within the United Kingdom.

Page 14

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Exchange differences
30,760
24,291

Other operating lease rentals
70,285
57,531

Share-based payment
175,518
81,991

Loss on disposal of tangible fixed assets
103,466
5,678


6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
35,805
34,000

Fees payable to the Company's auditors in respect of:
-
-

  Preparation of management accounts
15,000
15,000

  Payroll services
2,216
1,900

  All non-audit services not included above
2,605
2,022

Page 15

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
1,124,002
1,114,877

Social security costs
114,850
121,561

Cost of defined contribution pension scheme
26,144
24,679

1,264,996
1,261,117


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Management
6
5



Production
4
4



Sales
10
10



Administration
5
5

25
24


8.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
113,379
203,580

Company contributions to defined contribution pension schemes
8,136
5,650

121,515
209,230


During the year retirement benefits were accruing to 1 director (2023 - 2) in respect of defined contribution pension schemes.

Page 16

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
419,263
468,423

Adjustments in respect of previous periods
14,644
1,582


Total current tax
433,907
470,005

Deferred tax


Origination and reversal of timing differences
35,049
18,310

Adjustments in respect of previous periods
(16,023)
(1,646)

Total deferred tax
19,026
16,664


Tax on profit
452,933
486,669

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 23.5%). The differences are explained below:

2024
2023
£
£


Profit before tax
1,814,095
2,061,801


Profit multiplied by standard rate of corporation tax in the UK of 25%
(2023 - 23.5%)
453,524
484,947

Effects of:


Expenses not deductible for tax purposes
294
238

Adjustments to tax charge in respect of prior periods
(1,379)
(64)

Fixed asset differences
494
-

Change of rate in deferred tax
-
1,548

Total tax charge for the year
452,933
486,669

Page 17

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost


At 1 January 2024
63,604
132,470
304,321
67,056
97,065
664,516


Additions
-
205,867
111,518
7,574
1,044
326,003


Disposals
-
(160,953)
(135,549)
(40,920)
-
(337,422)



At 31 December 2024

63,604
177,384
280,290
33,710
98,109
653,097



Depreciation


At 1 January 2024
59,333
34,601
81,838
36,526
73,395
285,693


Charge for the year on owned assets
4,123
64,501
79,746
19,229
7,919
175,518


Disposals
-
(52,531)
(69,371)
(29,413)
-
(151,315)



At 31 December 2024

63,456
46,571
92,213
26,342
81,314
309,896



Net book value



At 31 December 2024
148
130,813
188,077
7,368
16,795
343,201



At 31 December 2023
4,271
97,869
222,483
30,530
23,670
378,823




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
148
4,271


Page 18

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Stocks

2024
2023
£
£

Raw materials and consumables
2,740,379
3,485,599



12.


Debtors

2024
2023
£
£


Trade debtors
2,391,140
1,844,029

Amounts owed by group undertakings
59,777
-

Other debtors
548
(57,458)

Prepayments and accrued income
59,694
63,444

2,511,159
1,850,015



13.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
189,627
138,804

Amounts owed to group undertakings
359,904
681,986

Corporation tax
141,153
69,300

Other taxation and social security
330,368
325,934

Accruals and deferred income
423,910
274,972

1,444,962
1,490,996


Page 19

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


Deferred taxation




2024
2023


£

£






At beginning of year
38,112
21,448


Charged to profit or loss
19,026
16,664



At end of year
57,138
38,112

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
57,258
55,980

Other timing differences
(120)
(17,868)

57,138
38,112


15.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) A Ordinary shares of £1.00 each
100,000
100,000
450 (2023 - 450) B Ordinary shares of £1.00 each
450
450

100,450

100,450



16.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £26,144 (2023: £24,679). The pension creditor at the year end was £482 (2023: £6,170).

Page 20

 
ALL ABOUT BRICKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

17.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
88,054
57,828

Later than 1 year and not later than 5 years
90,687
92,799

178,741
150,627


18.


Related party transactions

The company has taken advantage of the exemption granted in FRS 102 from the requirement to disclose transactions with other members of the Group as the company is wholly owned within the Group.


19.


Controlling party

The Company is under the control of the parent company, Steenfabriek de Rijswaard B.V., a company incorporated in the Netherlands. The ultimate parent undertaking is Beheer-en Beleggingsmaatschappij Blei Zwartsluis B.V., a company incorporated in the Netherlands. The group is controlled by A Blei and other family members.

 
Page 21