SOUTH COAST BUILDING SUPPLIES LTD.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +0.5%

  £22,638,628 → £22,752,635

• Cash

  +103%

  £53,677 → £108,939

• Net assets

  +0.1%

  £6,193,482 → £6,196,802

• Employees

  -4.6%

  87 → 83

• Operating profit

  -38.2%

  £969,181 → £598,634

• Profit before tax

  -79.1%

  £706,910 → £147,718

• Wages

  +0.3%

  £2,444,706 → £2,451,722

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. SOUTH COAST BUILDING SUPPLIES LTD. 2008-11-13 → present
2. LOWFERRY LTD 2008-08-08 → 2008-11-13

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Carter & Coley Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 group's and the parent 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.”

Significant events

• “There has been a minor increase in turnover of 0.5%, from £22,638,628 to £22,752,635, this is in line with the current construction market and our expectations given the contraction seen.”
• “Gross profit margin has decreased from 25.1% to 23.5% as a result of increase costs in the period.”
• “Interim dividends have been paid on Ordinary shares totalling £69,000 (2023 - £106,000) in the period.”
• “Interim dividends totalling £114,775 (2023 - £109,070) have been paid in the period on Ordinary A shares.”
• “Working capital is provided by invoice discounting which provides adequate funds to fulfil the businesses growth targets.”
• “With inflation dropping most product groups have had benign price increases however deflation across some heavyside products, especially bricks have meant we have to manage stocks closer than we historically have.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.