| South West Brick & Stone Limited |
| Registered number: |
04254501 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
60,170 |
|
|
80,796 |
|
| Current assets |
| Debtors |
4 |
|
798,291 |
|
|
1,091,674 |
| Cash at bank and in hand |
|
|
856,670 |
|
|
270,159 |
|
|
|
1,654,961 |
|
|
1,361,833 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,007,472) |
|
|
(798,472) |
|
| Net current assets |
|
|
|
647,489 |
|
|
563,361 |
|
| Total assets less current liabilities |
|
|
|
707,659 |
|
|
644,157 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(18,817) |
|
|
(18,817) |
|
|
|
| Net assets |
|
|
|
688,842 |
|
|
625,340 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
673 |
|
|
673 |
| Capital redemption reserve |
7 |
|
|
327 |
|
|
327 |
| Profit and loss account |
|
|
|
687,842 |
|
|
624,340 |
|
| Shareholders' funds |
|
|
|
688,842 |
|
|
625,340 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Gary Norton |
| Director |
| Approved by the board on 31 August 2026 |
|
| South West Brick & Stone Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold Property |
4% straight line |
|
Plant and machinery |
33% straight line |
|
Motor vehicles |
33% straight line |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
8 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
39,841 |
|
167,031 |
|
206,872 |
|
Additions |
4,292 |
|
39,919 |
|
44,211 |
|
Disposals |
- |
|
(34,436) |
|
(34,436) |
|
At 31 December 2025 |
44,133 |
|
172,514 |
|
216,647 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
34,549 |
|
91,527 |
|
126,076 |
|
Charge for the year |
3,651 |
|
60,229 |
|
63,880 |
|
On disposals |
- |
|
(33,479) |
|
(33,479) |
|
At 31 December 2025 |
38,200 |
|
118,277 |
|
156,477 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
5,933 |
|
54,237 |
|
60,170 |
|
At 31 December 2024 |
5,292 |
|
75,504 |
|
80,796 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
531,176 |
|
748,864 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
250,000 |
|
250,000 |
|
Other debtors |
34,615 |
|
92,810 |
|
Bad Debts Provision |
(17,500) |
|
- |
|
|
|
|
|
|
798,291 |
|
1,091,674 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
- |
|
20,693 |
|
Trade creditors |
602,436 |
|
601,157 |
|
Corporation tax |
35,865 |
|
75,858 |
|
Other taxes and social security costs |
46,165 |
|
45,640 |
|
Other creditors |
323,006 |
|
55,124 |
|
|
|
|
|
|
1,007,472 |
|
798,472 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
18,817 |
|
18,817 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Capital redemption reserve |
| £ |
|
|
At 1 January 2025 |
327 |
|
Transfer from the profit and loss account |
- |
|
|
At 31 December 2025 |
327 |
|
|
|
|
|
|
|
|
| 8 |
Profit and loss account |
2025 |
| £ |
|
|
At 1 January 2025 |
624,340 |
|
Prior year adjustments |
- |
|
At 1 January 2025 |
624,340 |
|
Profit for the year |
63,502 |
|
Buyback of Shares |
- |
|
Dividends |
- |
|
Transfer to capital redemption reserve |
- |
|
|
At 31 December 2025 |
687,842 |
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
South West Brick & Stone (Holdings) Limited |
|
The Brick Loft |
|
KACH Business Park, Soby Mews |
|
Bovey Tracey |
|
Devon |
|
TQ13 9JG |
|
|
During the year the company purchased services amounting to |
|
25,200 |
|
15,900 |
|
| 10 |
Other information |
|
|
South West Brick & Stone Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Brick Loft |
|
KACH Business Park, Soby Mews |
|
Bovey Tracey |
|
Devon |
|
TQ13 9JG |