Company Registration No. 02606063 (England and Wales)
Lliw Building Supplies Limited
Unaudited accounts
for the year ended 31 December 2024
Lliw Building Supplies Limited
Unaudited accounts
Contents
Lliw Building Supplies Limited
Company Information
for the year ended 31 December 2024
Directors
Mr W G Llewelyn
Mrs M A Llewelyn
Mr R I Bevan-Jones FCA
Mrs E J Bevan-Jones
Secretary
Mr R I Bevan-Jones FCA
Company Number
02606063 (England and Wales)
Registered Office
Alloy Industrial Estate
Pontardawe
Swansea
West Glam
SA8 4EN
Lliw Building Supplies Limited
Statement of financial position
as at 31 December 2024
Tangible assets
694,730
716,658
Investments
103,300
103,300
Inventories
450,864
447,426
Cash at bank and in hand
338,050
646,066
Creditors: amounts falling due within one year
(587,295)
(341,819)
Net current assets
633,080
1,180,779
Total assets less current liabilities
1,431,110
2,000,737
Creditors: amounts falling due after more than one year
(185,699)
(86,532)
Provisions for liabilities
Deferred tax
(84,652)
(96,049)
Net assets
1,160,759
1,818,156
Called up share capital
26,668
40,000
Capital redemption reserve
13,333
-
Profit and loss account
1,120,758
1,778,156
Shareholders' funds
1,160,759
1,818,156
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by
Mr W G Llewelyn
Director
Company Registration No. 02606063
Lliw Building Supplies Limited
Notes to the Accounts
for the year ended 31 December 2024
Lliw Building Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 02606063. The registered office is Alloy Industrial Estate, Pontardawe, Swansea, West Glam, SA8 4EN.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Stocks have been valued on an average cost basis.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lliw Building Supplies Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
386,058
360,738
526,149
9,247
1,282,192
Additions
-
21,848
65,582
-
87,430
Disposals
-
-
(162,385)
-
(162,385)
At 31 December 2024
386,058
382,586
429,346
9,247
1,207,237
At 1 January 2024
53,595
255,093
248,673
8,173
565,534
Charge for the year
1,752
26,409
81,192
-
109,353
On disposals
-
-
(162,380)
-
(162,380)
At 31 December 2024
55,347
281,502
167,485
8,173
512,507
At 31 December 2024
330,711
101,084
261,861
1,074
694,730
At 31 December 2023
332,463
105,645
277,476
1,074
716,658
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Investments
Other investments
Valuation at 1 January 2024
103,300
Valuation at 31 December 2024
103,300
The investments represents shares in a H&B Buying group and an investment made during the year in H&B Special Projects Ltd
Finished goods
450,864
447,426
Stocks represent good for resale at cost adjusted for a provision made for slow moving stock.
Lliw Building Supplies Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
325,350
343,201
Accrued income and prepayments
106,111
85,905
8
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
46,576
39,553
Trade creditors
188,868
173,033
Taxes and social security
165,250
125,118
Loans from directors
180,000
-
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
65,700
86,532
Loans from directors
119,999
-
Allotted, called up and fully paid:
26,668 Ordinary shares of £1 each
26,668
40,000
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Average number of employees
During the year the average number of employees was 25 (2023: 25).