REGISTERED NUMBER: 06695447 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

COASTAL BUILDING SUPPLIES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

J E Peck

G A Smith

A P Webster

J Parish

R J Peck

Mrs L L Whayman

Mrs R Wailes

SECRETARY:

Mrs R Wailes

REGISTERED OFFICE:

Unit 2b Sizewell Crossing Ind Estate

King Georges Avenue

Leiston

Suffolk

IP16 4LW

REGISTERED NUMBER:

06695447 (England and Wales)

INDEPENDENT AUDITORS:

Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The directors are satisfied with the results for 2025, which are broadly in line with expectations. They consider the end of year financial position satisfactory, with the company well placed to develop and expand its activities in the foreseeable future.

The company considers its key financial performance indicators to be growth in turnover, gross profit margin and net profit margin.

Turnover has decreased by 6.8% to £10,844,661 (2024 - £11,635,599).

The gross margin has increased from 30.3% to 31.6%.

The management team have used their many years of experience to manage the global shortages of manufactured products, closely monitoring lead times, stock turnover and demand throughout the year.

Overall the company has made a profit before tax of £785,343 (2024 - £930,768) and has net assets of £7,765,079 (2024 - £7,763,730).

PRINCIPAL RISKS AND UNCERTAINTIES

The key risks to the Company include, but are not limited to, compliance with legislative and regulatory requirements including environmental and litigation failures, business continuity and actions of customers, suppliers and competitors. The directors of the Company are also mindful of cost increases relating to materials. There is strong competition in the local market and the Company puts a strong emphasis on customer service and satisfaction, as well as evolving the Company's offering to stay ahead of competitors.

Liquidity and cash flow risks

The company manages its cash requirements in order to ensure sufficient liquid resources are maintained to meet the operating needs of the business and to ensure it can meet its liabilities.

Credit risk

New credit account customers are subject to credit verification procedures. Debtors are regularly reviewed and action taken to mitigate any potential bad debts, in line with the credit and cash flow policies concerning the credit offered to customers and the regular monitoring of amounts outstanding; this limits cash flow risk and bad debt is minimised to an acceptable level.

Interest rate risk

The company has no significant exposure to interest rate risk.

Price risk

The company carefully monitors all relevant material prices, including labour and shipping costs within its supply chain. This is essential as all these costs are under continual upward pressure.

New entrants to the market

The company ensures that through investment in plant and new technology, it remains competitively situated within the market place.

FINANCIAL KEY PERFORMANCE INDICATORS

The directors monitor the financial health of the business through the review of monthly management accounts and key performance indicators, such as turnover growth and gross margins by depot.

The Company considers its key performance indicator to be its focus on gross profit margins, and in doing so the directors continue to monitor the costs of the Company closely.

OTHER KEY PERFORMANCE INDICATORS

The Company continues to proactively promote environmentally friendly practices and policies within the business.

ON BEHALF OF THE BOARD:

Mrs R Wailes - Secretary

27 July 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of building materials to trade and retail customers.

DIVIDENDS

Interim dividends totalling £1 per share were paid during the year.

RESEARCH AND DEVELOPMENT

By the nature of its trade the company is not actively involved in research and development. The directors do however closely monitor developments in technology and business practice, with a view to implementing efficiencies and greater levels of customer service. Emphasis is placed on effective use of IT at all levels and the development of the people in the business through whom we will achieve our vision.

FUTURE DEVELOPMENTS

The company is looking to continue to consolidate its position in the market place.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

J E Peck

G A Smith

A P Webster

J Parish

R J Peck

Mrs L L Whayman

Mrs R Wailes

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mrs R Wailes - Secretary

27 July 2026

Opinion

We have audited the financial statements of Coastal Building Supplies Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our procedures in relation to fraud included but were not limited to:

- enquiries of management whether they have knowledge of any actual, suspected or alleged fraud;

- gaining an understanding of the internal controls established to mitigate risk related to fraud;

- discussion amongst the engagement team regarding risk of fraud such as opportunities for fraudulent manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates; and

- addressing the risk of fraud through management override of controls by performing journal entry testing.

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gary Scarff ACA FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

31 July 2026

TURNOVER

3

10,844,661

11,635,599

Cost of sales

7,422,491

8,104,401

GROSS PROFIT

3,422,170

3,531,198

Administrative expenses

2,709,902

2,696,292

712,268

834,906

Other operating income

300

-

OPERATING PROFIT

5

712,568

834,906

Interest receivable and similar income

72,775

95,862

PROFIT BEFORE TAXATION

785,343

930,768

Tax on profit

6

208,994

245,734

PROFIT FOR THE FINANCIAL YEAR

576,349

685,034

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

576,349

685,034

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

3,813,768

3,647,854

Investments

10

1,300

1,300

3,815,068

3,649,154

CURRENT ASSETS

Stocks

11

1,223,175

1,114,684

Debtors

12

1,399,171

1,469,917

Cash at bank and in hand

2,540,839

3,135,826

5,163,185

5,720,427

CREDITORS

Amounts falling due within one year

13

1,030,123

1,477,690

NET CURRENT ASSETS

4,133,062

4,242,737

TOTAL ASSETS LESS CURRENT LIABILITIES

7,948,130

7,891,891

PROVISIONS FOR LIABILITIES

15

183,051

128,161

NET ASSETS

7,765,079

7,763,730

CAPITAL AND RESERVES

Called up share capital

16

575,000

575,000

Capital redemption reserve

17

40,000

40,000

Retained earnings

17

7,150,079

7,148,730

SHAREHOLDERS' FUNDS

7,765,079

7,763,730

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

J Parish - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

575,000

7,613,696

40,000

8,228,696

Changes in equity

Dividends

-

(1,150,000

)

-

(1,150,000

)

Total comprehensive income

-

685,034

-

685,034

Balance at 31 December 2024

575,000

7,148,730

40,000

7,763,730

Changes in equity

Dividends

-

(575,000

)

-

(575,000

)

Total comprehensive income

-

576,349

-

576,349

Balance at 31 December 2025

575,000

7,150,079

40,000

7,765,079

Cash flows from operating activities

Cash generated from operations

1

607,442

1,163,722

Tax paid

(283,740

)

(46,040

)

Net cash from operating activities

323,702

1,117,682

Cash flows from investing activities

Purchase of tangible fixed assets

(482,264

)

(57,022

)

Sale of tangible fixed assets

65,800

-

Interest received

72,775

95,862

Net cash from investing activities

(343,689

)

38,840

Cash flows from financing activities

Equity dividends paid

(575,000

)

(1,150,000

)

Net cash from financing activities

(575,000

)

(1,150,000

)

(Decrease)/increase in cash and cash equivalents

(594,987

)

6,522

Cash and cash equivalents at beginning of year

2

3,135,826

3,129,304

Cash and cash equivalents at end of year

2

2,540,839

3,135,826

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

785,343

930,768

Depreciation charges

258,520

232,815

(Profit)/loss on disposal of fixed assets

(7,970

)

1,353

Finance income

(72,775

)

(95,862

)

963,118

1,069,074

(Increase)/decrease in stocks

(108,491

)

61,754

Decrease in trade and other debtors

70,746

161,919

Decrease in trade and other creditors

(317,931

)

(129,025

)

Cash generated from operations

607,442

1,163,722

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

2,540,839

3,135,826

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

3,135,826

3,129,304

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

3,135,826

(594,987

)

2,540,839

3,135,826

(594,987

)

2,540,839

Total

3,135,826

(594,987

)

2,540,839

1.	STATUTORY INFORMATION

Coastal 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and valued added tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

Straight line over estimated useful life

Fixtures and fittings

-

Straight line over estimated useful life

Motor vehicles

-

Straight line over estimated useful life

Computer equipment

-

Straight line over estimated useful life

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price. The impairment loss is recognised immediately.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.

Investments

Investments are initially measured at cost. After initial recognition, investments are measured at cost less any accumulated impairment losses.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

All turnover arose within the United Kingdom.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,565,688

1,547,016

Social security costs

185,642

167,609

Other pension costs

90,142

88,883

1,841,472

1,803,508

The average number of employees during the year was as follows:

2025

2024

Direct

35

35

Admin

9

10

44

45

2025

2024

£

£

Directors' remuneration

338,962

328,920

Directors' pension contributions to money purchase schemes

42,811

41,972

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

183,116

177,057

Pension contributions to money purchase schemes

12,018

23,567

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

258,520

232,815

(Profit)/loss on disposal of fixed assets

(7,970

)

1,353

Auditors' remuneration

6,441

6,040

Other operating leases

43,769

54,998

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

154,104

283,052

Deferred tax

54,890

(37,318

)

Tax on profit

208,994

245,734

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

785,343

930,768

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

196,336

232,692

Effects of:

Expenses not deductible for tax purposes

12,658

13,001

Adjustments to tax charge in respect of previous periods

-

41

Total tax charge

208,994

245,734

7.

DIVIDENDS

2025

2024

£

£

Final

-

575,000

Interim

575,000

575,000

575,000

1,150,000

8.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

6,406

AMORTISATION

At 1 January 2025

and 31 December 2025

6,406

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

3,577,219

149,032

138,679

Additions

-

27,760

-

Disposals

-

(12,200

)

-

At 31 December 2025

3,577,219

164,592

138,679

DEPRECIATION

At 1 January 2025

433,320

113,432

100,072

Charge for year

49,332

10,678

8,887

Eliminated on disposal

-

(9,792

)

-

At 31 December 2025

482,652

114,318

108,959

NET BOOK VALUE

At 31 December 2025

3,094,567

50,274

29,720

At 31 December 2024

3,143,899

35,600

38,607