D.P. SMITH BUILDERS & BUILDING SUPPLIES LIMITED

D.P. SMITH BUILDERS & BUILDING SUPPLIES LIMITED
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	4	6,726	8,969
		6,726	8,969
Current assets
Stocks		1,670	8,170
Debtors: amounts falling due within one year		26,685	11,042
Cash at bank and in hand		12,590	19,807
		40,945	39,019
Creditors: amount falling due within one year		(46,405)	(45,172)
Net current assets		(5,460)	(6,153)

Total assets less current liabilities		1,266	2,816
Provisions for liabilities		(1,002)	(817)
Net assets		264	1,999

Capital and reserves
Called up share capital	5	3	3
Profit and loss account		261	1,996
Shareholders' funds		264	1,999

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:

-------------------------------
Adam McKenzie
Director

D.P. SMITH BUILDERS & BUILDING SUPPLIES LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

D.P. SMITH BUILDERS & BUILDING SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03641083, registration address Unit 2 Idover Demesne Farm, Dauntsey, Chippenham, Wiltshire, SN15 4JJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Staff Costs

	2024 £	2023 £
Wages and salaries	145,249	140,957
Social security costs	6,427	6,122
Pension costs, defined contribution plan	4,481	4,205
	156,157	151,284

Average number of employees during the year	Number	Number
Production	5	7
	5	7

3.	Average number of employees Average number of employees during the year was 5 (2023 : 7).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 January 2024	10,701	60,188	4,247	75,136
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 December 2024	10,701	60,188	4,247	75,136
Depreciation
At 01 January 2024	6,052	56,682	3,433	66,167
Charge for year	1,162	877	204	2,243
On disposals	-	-	-	-
At 31 December 2024	7,214	57,559	3,637	68,410
Net book values
Closing balance as at 31 December 2024	3,487	2,629	610	6,726
Opening balance as at 01 January 2024	4,649	3,506	814	8,969

Share Capital

Allotted, called up and fully paid	2024 £	2023 £
2 Class A shares of £1.00 each	2	2
1 Class B share of £1.00 each	1	1
	3	3

Registered Number: 03641083
England and Wales
D.P. SMITH BUILDERS & BUILDING SUPPLIES LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024