REGISTERED NUMBER: 06345898 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Build Supplies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Tregunna

T E Tregunna

SECRETARY:

K Gough

REGISTERED OFFICE:

Gothers Pilot Plant

Gothers Road

St Austell

Cornwall

PL26 8DF

REGISTERED NUMBER:

06345898 (England and Wales)

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

FIXED ASSETS

Tangible assets

4

2,013,432

1,679,555

Investments

5

39,001

50,001

2,052,433

1,729,556

CURRENT ASSETS

Stocks

761,595

755,589

Debtors

6

585,626

626,449

Investments

7

2,275

2,275

Cash at bank and in hand

2,568,100

2,987,166

3,917,596

4,371,479

CREDITORS

Amounts falling due within one year

8

731,588

1,214,381

NET CURRENT ASSETS

3,186,008

3,157,098

TOTAL ASSETS LESS CURRENT LIABILITIES

5,238,441

4,886,654

CREDITORS

Amounts falling due after more than one year

9

(523,807

)

(175,434

)

PROVISIONS FOR LIABILITIES

(194,560

)

(145,098

)

NET ASSETS

4,520,074

4,566,122

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,520,072

4,566,120

SHAREHOLDERS' FUNDS

4,520,074

4,566,122

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2026 and were signed on its behalf by:

M Tregunna - Director

1.	STATUTORY INFORMATION

Build 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

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 Profit and Loss, 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

Plant and

and

property

leasehold

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 January 2025

991,061

79,677

1,539,868

308,059

2,918,665

Additions

-

-

714,185

2,674

716,859

Disposals

-

-

(178,814

)

-

(178,814

)

At 31 December 2025

991,061

79,677

2,075,239

310,733

3,456,710

DEPRECIATION

At 1 January 2025

-

74,097

954,763

210,250

1,239,110

Charge for year

-

1,516

280,151

20,986

302,653

Eliminated on disposal

-

-

(98,485

)

-

(98,485

)

At 31 December 2025

-

75,613

1,136,429

231,236

1,443,278

NET BOOK VALUE

At 31 December 2025

991,061

4,064

938,810

79,497

2,013,432

At 31 December 2024

991,061

5,580

585,105

97,809

1,679,555

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2025

596,322

Additions

688,605

Disposals

(66,149

)

Transfer to ownership

(245,500

)

At 31 December 2025

973,278

DEPRECIATION

At 1 January 2025

260,294

Charge for year

225,245

Eliminated on disposal

(22,732

)

Transfer to ownership

(186,529

)

At 31 December 2025

276,278

NET BOOK VALUE

At 31 December 2025

697,000

At 31 December 2024

336,028

5.	FIXED ASSET INVESTMENTS

The investment is a members loan to H&B Buying Group LLP.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

280,631

415,777

Other debtors

304,995

210,672

585,626

626,449

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

2,275

2,275

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

196,752

101,411

Payments on account

194,158

288,047

Trade creditors

281,286

651,010

Taxation and social security

5,258

75,800

Other creditors

54,134

98,113

731,588

1,214,381

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

523,807

175,434

10.	SECURED DEBTS

Svenska Handelsbanken Ab (Publ) holds a fixed charge and floating charge which covers all the property or undertaking of the company.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the directors were owed £3,057 (2024: £37,020) from the company. This is included within "other creditors".

At the balance sheet date, included in other debtors, was £119,312 (2024: £119,312) this is due to the company from Agg Haul Ltd, a company in which Build Supplies Ltd holds 50% of the issued share capital. The directors Michael and Tristan Tregunna are also directors of Agg Haul Ltd.