One Stop Builders Merchants Ltd,Ltd - AccountsLtd - Accounts

One Stop Builders Merchants Ltd,Ltd - AccountsLtd - Accounts

ONE STOP BUILDERS MERCHANTS LIMITED - Company Information

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2021-11-01 06452826 2022-10-31 06452826 2021-11-01 2022-10-31 06452826 2021-10-31 06452826 2020-11-01 2021-10-31 06452826 uk-core:WithinOneYear 2021-10-31 06452826 uk-core:WithinOneYear 2022-10-31 06452826 uk-core:AfterOneYear 2021-10-31 06452826 uk-core:AfterOneYear 2022-10-31 06452826 uk-core:ShareCapital 2022-10-31 06452826 uk-core:ShareCapital 2021-10-31 06452826 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 06452826 uk-core:RetainedEarningsAccumulatedLosses 2021-10-31 06452826 uk-bus:Director1 2021-11-01 2022-10-31 06452826 uk-core:PlantMachinery 2021-11-01 2022-10-31 06452826 uk-core:CommercialMotorVehicles 2021-11-01 2022-10-31 06452826 uk-core:FurnitureFittings 2021-11-01 2022-10-31 06452826 uk-core:FurnitureFittings 2021-10-31 06452826 uk-core:CommercialMotorVehicles 2021-10-31 06452826 uk-core:PlantMachinery 2021-10-31 06452826 uk-core:PlantMachinery 2022-10-31 06452826 uk-core:CommercialMotorVehicles 2022-10-31 06452826 uk-core:FurnitureFittings 2022-10-31 06452826 uk-core:WithinOneYear 2022-10-31 06452826 uk-core:WithinOneYear 2021-10-31 iso4217:GBP xbrli:pure 06452826 uk-bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 06452826 uk-bus:FRS102 2021-11-01 2022-10-31 06452826 uk-bus:FullAccounts 2021-11-01 2022-10-31 06452826 uk-bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31
One Stop Builders Merchants Ltd
Registered Number:06452826
For the year ended 31 October 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2022
One Stop Builders Merchants Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06452826
As at 31 October 2022
One Stop Builders Merchants Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
169,815
150,901
2
169,815
150,901
Current assets
Inventories
218,000
272,000
3
Trade and other receivables
120,302
244,286
4
6,739
Cash and cash equivalents
31,935
548,221
345,041
Trade and other payables: amounts falling due within one
year
(272,724)
(394,425)
5
72,317
153,796
Net current assets
Total assets less current liabilities
323,611
223,218
Trade and other payables: amounts falling due after more
than one year
-
(89,027)
6
234,584
Net assets
223,218
Capital and reserves
Called up share capital
2
2
Retained earnings
234,582
223,216
234,584
223,218
Shareholders' funds
For the year ended 31 October 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Narinder Gill Director
These financial statements were approved and authorised for issue by the Board on 28 March 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2022
One Stop Builders Merchants Ltd
Notes to the Financial Statements
Statutory Information
One Stop Builders Merchants Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06452826.
Registered address:
Unit 161
Brent Road
Southall
Middlesex
UB2 5LJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
20% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 October 2022
One Stop Builders Merchants Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 November 2021
299,925
1,790
257,500
40,635
62,600
-
62,600
-
Additions
-
(32,000)
-
Disposals
(32,000)
At 31 October 2022
40,635
288,100
1,790
330,525
Provision for depreciation and impairment
At 01 November 2021
149,024
1,636
115,206
32,182
Charge for year
42,279
32
40,979
1,268
(30,593)
-
(30,593)
-
On disposal
At 31 October 2022
160,710
1,668
125,592
33,450
At 31 October 2022
Net book value
7,185
162,508
122
169,815
At 31 October 2021
8,453
142,294
154
150,901
3. Inventories
2021
2022
£
£
Stocks
272,000
218,000
4. Trade and other receivables
2021
2022
£
£
Trade debtors
174,286
120,302
Other debtors
70,000
-
120,302
244,286
The debtors above include the following amounts falling due after more than one year:
Other debtors
70,000
-
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6
For the year ended 31 October 2022
One Stop Builders Merchants Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
12,373
10,817
Trade creditors
133,411
32,561
Taxation and social security
10,963
12,756
Other creditors
237,678
216,590
394,425
272,724
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Other creditors
89,027
-
7. Average number of persons employed
During the year the average number of employees was 12 (2021 : 12)
4 of 4