That would be a bit confusing for a first time builder if there are no instructions included with the kit. Hopefully you'll at least get a listing of which part goes where on the PCB.
The price is ok, but I should point out that you can get very similar effects from an Australian based place, which will come with proper build documents, videos to help you build, and local support if you get stuck. For about the same price as what you paid I think. Have a look at diyguitarpedals.com.au - the only thing he doesn't sell is the metal enclosure.
And there are heaps of good quality kits and PCBs available around the Internet...eBay kits are probably going to be the lower end of the quality scale. IMHO. But hopefully you've scored a good one.
(Sorry trying not to be too negative about this, and it will probably work fine, but there are better places to buy kits from. eBay is fine for cheap enclosures, and some parts, but I've had a lot of bad parts from eBay too)