Builders Supplies (Port Talbot) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01271679 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Builders Supplies (Port Talbot) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Davies

REGISTERED OFFICE:

7 Giants Grave Road

Briton Ferry

Neath

SA11 2ND

REGISTERED NUMBER:

01271679 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

5

637,104

618,164

CURRENT ASSETS

Stocks

6

400,306

370,746

Debtors

7

43,513

48,167

Cash at bank and in hand

300,719

246,857

744,538

665,770

CREDITORS

Amounts falling due within one year

8

566,072

444,666

NET CURRENT ASSETS

178,466

221,104

TOTAL ASSETS LESS CURRENT
LIABILITIES

815,570

839,268

PROVISIONS FOR LIABILITIES

10,225

13,735

NET ASSETS

805,345

825,533

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

805,245

825,433

SHAREHOLDERS' FUNDS

805,345

825,533

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 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.

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 5 September 2025 and were signed by:

D Davies - Director

1.	STATUTORY INFORMATION

Builders Supplies (Port Talbot) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2024

717,038

153,641

25,738

Additions

-

At 31 December 2024

717,038

153,641

25,738

DEPRECIATION

At 1 January 2024

153,993

125,433

20,450

Charge for year

14,341

4,231

529

At 31 December 2024

168,334

129,664

20,979

NET BOOK VALUE

At 31 December 2024

548,704

23,977

4,759

At 31 December 2023

563,045

28,208

5,288

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

204,983

436

1,101,836

Additions

57,929

-

57,929

At 31 December 2024

262,912

436

1,159,765

DEPRECIATION

At 1 January 2024

183,392

404

483,672

Charge for year

19,880

8

38,989

At 31 December 2024

203,272

412

522,661

NET BOOK VALUE

At 31 December 2024

59,640

24

637,104

At 31 December 2023

21,591

32

618,164

6.

STOCKS

31.12.24

31.12.23

£

Stocks

400,306

370,746

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

25,980

Other debtors

15,618

19,652

Prepayments and accrued income

1,915

2,535

43,513

48,167

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

212,736

156,615

Tax

9,056

12,949

Social security and other taxes

24,263

41,428

VAT

8,480

13,297

Other creditors

6,044

5,653

Inter company creditors

291,912

191,912

Directors' loan accounts

4,749

4,156

Accrued expenses

8,832

18,656

566,072

444,666

9.	CAPITAL COMMITMENTS

31.12.24

31.12.23

£

Contracted but not provided for in the

financial statements

-

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, Mr D Davies operates a loan account with the company. The amount owed to the director at the balance sheet date is shown in the notes to the financial statements.

The loan is interest free with no fixed term for repayment.

11.	RELATED PARTY DISCLOSURES

The related party is Plantpiece Ltd, the holding company. At the balance sheet date, the company owed £291,912 (2023 £191,912) to Plantpiece Ltd. A dividend of £30,000 was paid to Plantpiece Ltd during the year.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Davies family by virtue of their shareholdings in the holding company.