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REGISTERED NUMBER: SC172887 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Build Depot Limited

Build Depot Limited (Registered number: SC172887)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Build Depot Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs M M Rodger
M T Rodger
Miss L M Rodger
S Queen





SECRETARY: S Queen





REGISTERED OFFICE: 150 Lynedoch Street
Greenock
PA15 4AJ





REGISTERED NUMBER: SC172887 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Build Depot Limited (Registered number: SC172887)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 558,222 873,647
Investments 5 1,300 1,300
559,522 874,947

CURRENT ASSETS
Stocks 1,638,042 775,753
Debtors 6 8,163,637 5,425,522
Cash at bank 1,127,331 410,885
10,929,010 6,612,160
CREDITORS
Amounts falling due within one year 7 3,869,053 96,872
NET CURRENT ASSETS 7,059,957 6,515,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,619,479

7,390,235

CREDITORS
Amounts falling due after more than one
year

8

(28,117

)

(32,440

)

PROVISIONS FOR LIABILITIES (88,923 ) (32,671 )

ACCRUALS AND DEFERRED INCOME (59,266 ) -
NET ASSETS 7,443,173 7,325,124

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 - 405,441
Retained earnings 7,442,173 6,918,683
7,443,173 7,325,124

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Build Depot Limited (Registered number: SC172887)

Balance Sheet - continued
31 December 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 14 August 2025 and were signed on its behalf by:





M T Rodger - Director


Build Depot Limited (Registered number: SC172887)

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

1. STATUTORY INFORMATION

Build Depot Limited is a private company, limited by shares , registered in Scotland. 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over their expected useful lives as follows:

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on 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 significant change since the last reporting date.

Stocks
Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amounts of any write downs to stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs.


Build Depot Limited (Registered number: SC172887)

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

2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension 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 when they are due. The assets of the plan are held separately from the company in independently administered funds.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

Government grants
Grants related to expenditure on tangible fixed assets are credited to profit over a period approximating to the lives of qualifying assets. The grants shown in the balance sheet consist of the total grants receivable to date less the amounts so far credited to profit. Revenue grants are credited in the year in which they accrue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 15 ) .

Build Depot Limited (Registered number: SC172887)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 646,306 423,364 225,955
Additions 741,162 162,551 88,586
Disposals (1,387,468 ) (37,350 ) -
At 31 December 2024 - 548,565 314,541
DEPRECIATION
At 1 January 2024 - 300,656 199,297
Charge for year - 36,983 17,297
Eliminated on disposal - (31,823 ) -
At 31 December 2024 - 305,816 216,594
NET BOOK VALUE
At 31 December 2024 - 242,749 97,947
At 31 December 2023 646,306 122,708 26,658

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 449,055 - 1,744,680
Additions 86,446 113,396 1,192,141
Disposals - - (1,424,818 )
At 31 December 2024 535,501 113,396 1,512,003
DEPRECIATION
At 1 January 2024 371,080 - 871,033
Charge for year 41,105 19,186 114,571
Eliminated on disposal - - (31,823 )
At 31 December 2024 412,185 19,186 953,781
NET BOOK VALUE
At 31 December 2024 123,316 94,210 558,222
At 31 December 2023 77,975 - 873,647

Build Depot Limited (Registered number: SC172887)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 94,896
Additions 72,543
At 31 December 2024 167,439
DEPRECIATION
At 1 January 2024 31,138
Charge for year 34,075
At 31 December 2024 65,213
NET BOOK VALUE
At 31 December 2024 102,226
At 31 December 2023 63,758

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1,300
NET BOOK VALUE
At 31 December 2024 1,300
At 31 December 2023 1,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 579,910 499,091
Amounts owed by group undertakings 7,050,136 4,920,491
Other debtors 533,591 5,940
8,163,637 5,425,522

Build Depot Limited (Registered number: SC172887)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 50,487 21,173
Trade creditors 303,894 88,855
Amounts owed to group undertakings 3,197,601 -
Taxation and social security 229,160 (24,494 )
Other creditors 87,911 11,338
3,869,053 96,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 28,117 32,440

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024 405,441
Transfer on disposal of land (405,441 )

At 31 December 2024 -

10. RELATED PARTY DISCLOSURES

The company was owed £7,050,136 from the parent company M&J Group Limited at 31 December 2024 (2023 - £4,647,403). This is an interest free loan with no fixed repayment date.

GTI Direct Limited, a group company, owed the company £322,532 at 31 December 2024 (2023 - £56,000). This is an interest free loan with no fixed repayment date.

At 31 December 2024 M&J Builders Merchants Limited, a group company, was owed £3,197,601 by the company (2023- the company was owed £217,088). This is an interest free loan with no fixed repayment date.