S S Builders Merchants Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02678169

S S Builders Merchants Limited

Filleted Unaudited Financial Statements

30 June 2025

S S Builders Merchants Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		1,101,270	1,173,848

Current assets

Stocks		360,376	404,183
Debtors	8	1,535,970	1,378,895
Cash at bank and in hand		747,786	580,312
		------------	------------
		2,644,132	2,363,390

Creditors: amounts falling due within one year	9	580,398		588,726
		------------		------------
Net current assets			2,063,734	1,774,664
			------------	------------
Total assets less current liabilities			3,165,004	2,948,512

Provisions

Taxation including deferred tax	95,144	107,214
	------------	------------
Net assets	3,069,860	2,841,298
	------------	------------

S S Builders Merchants Limited

Statement of Financial Position (continued)

30 June 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital		2,000	2,000
Profit and loss account	11	3,067,860	2,839,298
		------------	------------
Shareholders funds		3,069,860	2,841,298
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

Mr A S Phull	Mr P S Phull
Director	Director

Mr S S Phull
Director

Company registration number: 02678169

S S Builders Merchants Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Bickley Road, Leyton, London, E10 7AQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on the tax rate and laws that have been enacted by the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

All fixed assets are initially recorded at cost except for the revaluation of the freehold property to its existing uset value. .

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 18 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	158,722	169,272

Deferred tax:

Origination and reversal of timing differences	( 12,070)	17,658
	---------	---------
Tax on profit	146,652	186,930
	---------	---------

6. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Equity dividends on ordinary shares	186,000	682,500
	---------	---------

7. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 July 2024	1,215,000	132,436	532,849	1,880,285
Additions	–	300	–	300
	------------	---------	---------	------------
At 30 June 2025	1,215,000	132,736	532,849	1,880,585
	------------	---------	---------	------------
Depreciation
At 1 July 2024	364,200	94,002	248,235	706,437
Charge for the year	24,300	5,886	42,692	72,878
	------------	---------	---------	------------
At 30 June 2025	388,500	99,888	290,927	779,315
	------------	---------	---------	------------
Carrying amount
At 30 June 2025	826,500	32,848	241,922	1,101,270
	------------	---------	---------	------------
At 30 June 2024	850,800	38,434	284,614	1,173,848
	------------	---------	---------	------------

Tangible assets held at valuation

In the opinion of the directors the existing use value of the freehold property is at least equal to the book value. The historical cost of the property was £839,312.

8. Debtors

	2025	2024
	£	£
Trade debtors	705,029	550,957
Prepayments and accrued income	15,198	12,195
Other debtors	815,743	815,743
	------------	------------
	1,535,970	1,378,895
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	335,237	315,523
Accruals and deferred income	15,545	25,371
Corporation tax	158,722	169,272
Social security and other taxes	70,894	78,560
	---------	---------
	580,398	588,726
	---------	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	95,144	107,214
	--------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	68,692	80,762
Revaluation of tangible assets	26,452	26,452
	--------	---------
	95,144	107,214
	--------	---------

11. Reserves

Profit and loss account - Included in this reserve are distributable profits made up of retained earnings and accumulated losses of £2,613,858 and undistributable profits arising on net asset revaluations of £454,002.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	51,000	51,000
	--------	--------

13. Related party transactions

The directors, Mr A S Phull , Mr P S Phull and Mr S S Phull are also the partners in S S Phull and Sons. The following transactions arose during the year: 1) Rent of £51,000 was paid during the year (2024 - £51,000). 2) The balance owed by S S Phull and Sons as at 30 June 2025 was £648,384(2024 - £648,384). 3) Dividends of £186,000 (2024 - £682,500) were paid to the directors during the year.