REGISTERED NUMBER: 04959524 (England and Wales)

PC BUILDING SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T J Dunning

W N Dunning

SECRETARY:

Mrs C T Dunning

REGISTERED OFFICE:

Hardley Industrial Estate

Hardley

Southampton

Hampshire

SO45 3NQ

REGISTERED NUMBER:

04959524 (England and Wales)

BANKERS:

Lloyds Bank plc

92 - 94 Above Bar Street

Southampton

Hampshire

SO14 7DT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

95,403

120,891

Investments

6

101,300

101,300

196,703

222,191

CURRENT ASSETS

Stocks

433,199

426,842

Debtors

7

691,775

892,186

Cash at bank

519,864

315,459

1,644,838

1,634,487

CREDITORS

Amounts falling due within one year

8

(709,071

)

(737,842

)

NET CURRENT ASSETS

935,767

896,645

TOTAL ASSETS LESS CURRENT LIABILITIES

1,132,470

1,118,836

CREDITORS

Amounts falling due after more than one year

9

(25,905

)

(45,430

)

PROVISIONS FOR LIABILITIES

(23,595

)

(29,950

)

NET ASSETS

1,082,970

1,043,456

CAPITAL AND RESERVES

Called up share capital

553,232

553,232

Retained earnings

529,738

490,224

SHAREHOLDERS' FUNDS

1,082,970

1,043,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 24 September 2025 and were signed on its behalf by:

T J Dunning - Director

1.	STATUTORY INFORMATION

PC Building Supplies 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

This has now been amortised in full.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% Reducing balance

Fixtures and fittings

-

20% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks

Stocks and work in progress 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

506,000

AMORTISATION

At 1 May 2024

and 30 April 2025

506,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

49,092

85,560

179,913

32,864

347,429

Additions

-

83

-

3,855

3,938

At 30 April 2025

49,092

85,643

179,913

36,719

351,367

DEPRECIATION

At 1 May 2024

38,174

64,019

93,134

31,211

226,538

Charge for year

2,183

4,325

21,695

1,223

29,426

At 30 April 2025

40,357

68,344

114,829

32,434

255,964

NET BOOK VALUE

At 30 April 2025

8,735

17,299

65,084

4,285

95,403

At 30 April 2024

10,918

21,541

86,779

1,653

120,891

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

101,300

NET BOOK VALUE

At 30 April 2025

101,300

At 30 April 2024

101,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

537,998

511,665

Amounts owed by group undertakings

15,420

258,000

Other debtors

138,357

122,521

691,775

892,186

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

19,525

18,519

Trade creditors

565,840

588,454

Taxation and social security

76,187

78,364

Other creditors

47,519

52,505

709,071

737,842

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

25,905

45,430

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

19,525

18,519

Between one and five years

25,905

45,430

45,430

63,949

At the balance sheet date the company had future commitments under operating leases which totalled £18,011 (2024: £Nil).

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

45,430

63,949

The balance is secured by the assets to which it relates.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £Nil (2024: £1,000) were made to the company's directors. The balance outstanding at the year-end was £91,627 (2024: £91,627). No interest is payable and the advances are repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

Following a demerger in June 2024, the company's ultimate controlling parties are now W N and T J Dunning.