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REGISTERED NUMBER: SC249720 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Kingfisher Building Products Limited

Kingfisher Building Products Limited (Registered number: SC249720)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingfisher Building Products Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G L Grainger





SECRETARY: Mrs A J Ballingall MBA





REGISTERED OFFICE: 150 Shuna Street
Glasgow
G20 9ES





REGISTERED NUMBER: SC249720 (Scotland)





ACCOUNTANTS: WR Accountants
Bank Chambers
31 The Square
Cumnock
Ayrshire
KA18 1AT

Kingfisher Building Products Limited (Registered number: SC249720)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5 7,025
Tangible assets 5 404,350 363,217
404,355 370,242

CURRENT ASSETS
Stocks 851,344 759,132
Debtors 6 385,199 551,205
Cash at bank and in hand 35,500 52,090
1,272,043 1,362,427
CREDITORS
Amounts falling due within one year 7 783,351 854,432
NET CURRENT ASSETS 488,692 507,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,047

878,237

CREDITORS
Amounts falling due after more than one
year

8

(72,709

)

(57,973

)

PROVISIONS FOR LIABILITIES (20,310 ) (35,429 )
NET ASSETS 800,028 784,835

CAPITAL AND RESERVES
Called up share capital 266,667 266,667
Retained earnings 533,361 518,168
SHAREHOLDERS' FUNDS 800,028 784,835

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.

Kingfisher Building Products Limited (Registered number: SC249720)

Balance Sheet - continued
31 August 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 director and authorised for issue on 25 August 2025 and were signed by:





G L Grainger - Director


Kingfisher Building Products Limited (Registered number: SC249720)

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

1. STATUTORY INFORMATION

Kingfisher Building Products 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Amortisation of intangible assets - Amortisation is not charged in the year of addition. Thereafter amortisation is provided at a rate of 33 1/3% per annum on cost to write off the cost of the intangible asset off over it's expected useful life.

Tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset evenly over its expected useful economic life as follows:
annual rate
Improvements to property4%
Plant and machinery10%
Motor vehicles20%
Computer equipment33 1/3%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Kingfisher Building Products Limited operate a recourse factoring arrangement against Invoices due.
Amounts advanced to Kingfisher Building Products Limited are included in Other Creditors until repaid.
Factor charges in respect of interest and administration fees are expensed to the Profit and Loss account as incurred.

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.


Kingfisher Building Products Limited (Registered number: SC249720)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 272,675
AMORTISATION
At 1 September 2023 265,650
Charge for year 7,020
At 31 August 2024 272,670
NET BOOK VALUE
At 31 August 2024 5
At 31 August 2023 7,025

Kingfisher Building Products Limited (Registered number: SC249720)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 506,160 430,342 936,502
Additions - 102,200 102,200
Disposals - (19,600 ) (19,600 )
At 31 August 2024 506,160 512,942 1,019,102
DEPRECIATION
At 1 September 2023 266,771 306,514 573,285
Charge for year 25,753 35,314 61,067
Eliminated on disposal - (19,600 ) (19,600 )
At 31 August 2024 292,524 322,228 614,752
NET BOOK VALUE
At 31 August 2024 213,636 190,714 404,350
At 31 August 2023 239,389 123,828 363,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 366,302 533,592
Other debtors 18,897 17,613
385,199 551,205

Trade debtor amounts subject to factoring arrangements are as follows:
31.8.2431.8.23
£ £
Amounts due to factors included in trade debtors 173,965342,223


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 103,464 69,003
Hire purchase contracts 36,858 8,438
Trade creditors 388,833 333,629
Taxation and social security 54,244 48,629
Other creditors 199,952 394,733
783,351 854,432

Kingfisher Building Products Limited (Registered number: SC249720)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 11,498 44,649
Hire purchase contracts 61,211 13,324
72,709 57,973

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 30,792 63,943
Factors advances 173,965 342,223
204,757 406,166

Bank loans are secured by bond and floating charge over the assets of the company.

Factors advances are secured over trade debtors.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr G Grainger
Directors loan
31.8.2431.8.23
£ £
At 1 September 202316,0148,500
The maximum amount due to Mr Grainger in the year under review was16,01416,014
At 31 August 202411,03516,014

Rent charges
The company rents factory space from from Mr G Grainger. Rents charged in the year under review are as follows:
31.8.2431.8.23
£ £
Rental charges103,900103,900

11. RELATED PARTY DISCLOSURES

Kingfisher Connemaras LLP, a limited liability partnership of which G Grainger is a member,
provided management services to Kingfisher Building Products Limited.
The transactions were as follows: 31.8.24
£
Amount due to Kingfisher Building Products Limited at 1 September 2023 Nil
Provision of services to Kingfisher Building Products Limited 55,815
Payments by Kingfisher Building Products Limited (55,815 )
Amount due to Kingfisher Building Products Limited at 31 August 2024 Nil

Kingfisher Building Products Limited (Registered number: SC249720)

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

12. ULTIMATE CONTROLLING PARTY

The controlling party is G L Grainger.