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REGISTERED NUMBER: 02055114

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PREECE BURFORD (BUILDERS IRONMONGERY)

LIMITED

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | I L Preece

| S J Burford

| SECRETARY: | S J Burford

| REGISTERED OFFICE: | Unit 29, Longford Industrial Estate

| Longford Road

| Bridgtown

| Cannock

| Staffordshire

| WS11 0DG

| REGISTERED NUMBER: | 02055114

| ACCOUNTANTS: | Crombies Accountants Limited

| Chartered Accountants

| 34 Waterloo Road

| Wolverhampton

| West Midlands

| WV1 4DG

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 17,373 |  | 22,269 |  |

CURRENT ASSETS

Stocks | 46,696 |  | 59,664 |  |

Debtors | 5 | 198,612 |  | 162,167 |  |

Prepayments and accrued income | 8,834 |  | 7,244 |  |

Cash at bank and in hand | 192,477 |  | 127,224 |  |

446,619 |  | 356,299 |  |

CREDITORS

Amounts falling due within one year | 6 | 264,118 |  | 193,019 |  |

NET CURRENT ASSETS | 182,501 |  | 163,280 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 199,874 |  | 185,549 |  |

PROVISIONS FOR LIABILITIES | 4,343 |  | 5,567 |  |

NET ASSETS | 195,531 |  | 179,982 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 194,531 |  | 178,982 |  |

SHAREHOLDERS' FUNDS | 195,531 |  | 179,982 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:

I L Preece - Director

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Preece Burford (Builders Ironmongery) Limited is a private company, limited by shares , registered in Not specified/Other. 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

| The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. (See later note)

| Significant judgements and estimates

| The estimates and associated assumptions are based on historic experiences and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. the judgments, estimates and assumptions which have significant risk of material adjustments to carrying amount of assets and liabilities are:

| -Tangible fixed assets

| Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technical innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| -Stock provisions

| The company has recognised provisions for the impairment of stock. The judgments, estimates and and associated assumptions necessary to calculate these provisions are based on historical experience and other reasonable factors. In the case of the provisions for the impairment of stock, this covers obsolescence through technological or customer specific reasons. This provision is based on the assessment of stock value and ageing, quantities on hand, usage, changes in the market, technical developments and warranty periods. The value of stock included in the financial statements is net of the provision for the impairment of stock.

| -Bad debt provision

| The company has recognised provisions against specific trade debtor balances. The judgments and estimates necessary to calculate these provisions are based on historical experience and other reasonable factors. This provision is based on the age of debt balances and the assessed recoverability. The value of trade debtors in note 7 is stated net of the provision of bad debts.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and it can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised from the sale of goods when the entity has transferred to the buyer the significant risks and rewards of ownership of the goods. This occurs when the buyer takes possession of the goods.

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amounts of the replaced part is derecognised. Repairs and maintenance are charged to the statement of income and retained earnings during the period in which they are incurred.

| Stocks

| Stocks are stated at the lower of cost and net realisable value. Cost is based on the cost of purchases on a first in, first out basis.

| At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its net realisable value. The impairment loss is recognised immediately in the financial statements.

| Financial instruments

| Financial assets

| Financial assets comprise cash at bank and in hand, trade debtors, amounts owed by group undertakings and other debtors; these are initially recorded at cost on the date they originate and are subsequently recorded at cost less provisions for impairment. The company considers evidence of impairment for all individual trade and other debtors and amounts owed by group undertakings, and any subsequent impairment is recognised in the statement of income and retained earnings.

| Impairment of financial assets

| Impairment provisions are recognised when there is objective evidence that a financial asset or group of financial assets is impaired. Objective evidence includes significant financial difficulties of the counterparty, default or significant delays in payment.

| Impairment provisions represent the difference between the net carrying amount of a financial asset and the value of the expected future cash receipts from that asset.

| Financial liabilities

| Financial liabilities comprise trade creditors, other creditors and accruals; these are initially recorded, and subsequently carried, at cost on the date they originate.

| Financial liabilities also comprise obligations under finance lease and hire purchase contracts; these are initially recorded at cost on the date they originate and are subsequently carried at amortised cost under the effective interest method.

| Taxation

| The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is recognised in other comprehensive income or directly in equity, respectively.

| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

| 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.

| Provisions

| Provisions are made where an event has taken place that gives rise to a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of obligation.

| Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the statement of financial position date of the expenditure required to settle obligation, taking into account relevant risks and uncertainties.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 6 ).

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 82,825 |  |

| Additions | 671 |  |

| At 31 March 2025 | 83,496 |  |

| DEPRECIATION

| At 1 April 2024 | 60,556 |  |

| Charge for year | 5,567 |  |

| At 31 March 2025 | 66,123 |  |

| NET BOOK VALUE

| At 31 March 2025 | 17,373 |  |

| At 31 March 2024 | 22,269 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 198,612 |  | 162,167 |  |

| PREECE BURFORD (BUILDERS IRONMONGERY) |

| LIMITED (REGISTERED NUMBER: 02055114) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 171,695 |  | 130,535 |  |

| Taxation and social security | 74,155 |  | 58,713 |  |

| Other creditors | 18,268 |  | 3,771 |  |

264,118 |  | 193,019 |  |