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REGISTERED NUMBER: 02971503 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

ADVANCE ROOFING SUPPLIES LIMITED

ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCE ROOFING SUPPLIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: R S Clay
S D Mitchell





SECRETARY: S D Mitchell





REGISTERED OFFICE: ECL House
Lake Street
Leighton Buzzard
Bedfordshire
LU7 1RT





REGISTERED NUMBER: 02971503 (England and Wales)





ACCOUNTANTS: ECL Howard Watson Smith LLP
Chartered Accountants
ECL House
Lake Street
Leighton Buzzard
Bedfordshire
LU7 1RT

ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 416,099 374,803

CURRENT ASSETS
Stocks 600,253 460,563
Debtors 6 584,219 511,258
Investments 7 1,300 1,300
Cash at bank and in hand 279,710 262,884
1,465,482 1,236,005
CREDITORS
Amounts falling due within one year 8 827,244 807,838
NET CURRENT ASSETS 638,238 428,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,337

802,970

CREDITORS
Amounts falling due after more than one
year

9

(65,574

)

(62,664

)

PROVISIONS FOR LIABILITIES (31,899 ) (23,161 )
NET ASSETS 956,864 717,145

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 956,764 717,045
SHAREHOLDERS' FUNDS 956,864 717,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were signed on its behalf
by:





R S Clay - Director


ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Advance Roofing Supplies Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal place of business is Unit 14, Airfield Industrial Estate, Cheddington Lane, Long
Marston, Hertfordshire, HP23 4QR.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods supplied to customers during the year, exclusive of value added tax.

Freehold property
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Improvements to property - over the period of the lease
Plant and machinery - 10% or 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

No depreciation is provided in respect of the company's freehold property. The directors believe that the value
of the property when sold will be greater than the value at which it is disclosed in the current financial
statements.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in
administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 14 ) .

ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2017 243,514 6,155 52,854
Additions - - 24,312
Disposals - - (30,659 )
At 31 March 2018 243,514 6,155 46,507
DEPRECIATION
At 1 April 2017 - 154 36,514
Charge for year - 410 5,035
Eliminated on disposal - - (30,329 )
At 31 March 2018 - 564 11,220
NET BOOK VALUE
At 31 March 2018 243,514 5,591 35,287
At 31 March 2017 243,514 6,001 16,340

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 19,668 220,144 23,993 566,328
Additions 4,475 72,515 429 101,731
Disposals (290 ) (62,275 ) (2,739 ) (95,963 )
At 31 March 2018 23,853 230,384 21,683 572,096
DEPRECIATION
At 1 April 2017 3,660 136,129 15,068 191,525
Charge for year 2,104 47,506 4,932 59,987
Eliminated on disposal (180 ) (62,270 ) (2,736 ) (95,515 )
At 31 March 2018 5,584 121,365 17,264 155,997
NET BOOK VALUE
At 31 March 2018 18,269 109,019 4,419 416,099
At 31 March 2017 16,008 84,015 8,925 374,803

ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2017 37,650
Additions 40,350
Transfer to ownership (37,650 )
At 31 March 2018 40,350
DEPRECIATION
At 1 April 2017 18,825
Charge for year 8,013
Transfer to ownership (24,316 )
At 31 March 2018 2,522
NET BOOK VALUE
At 31 March 2018 37,828
At 31 March 2017 18,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 531,253 473,251
Other debtors 52,966 38,007
584,219 511,258

7. CURRENT ASSET INVESTMENTS
31.3.18 31.3.17
£    £   
Unlisted investments 1,300 1,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 14,632 14,194
Hire purchase contracts 10,085 5,834
Trade creditors 646,968 694,547
Taxation and social security 137,801 74,162
Other creditors 17,758 19,101
827,244 807,838

ADVANCE ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 02971503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Bank loans 47,925 62,664
Hire purchase contracts 17,649 -
65,574 62,664

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable by instalments and due
in more than five years

-

1,437

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 62,557 76,858
Hire purchase contracts 27,734 5,834
90,291 82,692

The company has a bank overdraft facility which is secured by a general charge over the assets of the company.
The bank loan is secured by a charge over the freehold property. The hire purchase liability is secured by
charges over the assets financed by the agreements.

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary £1 100 100

12. OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments outstanding in property lease agreement as at 31 March 2018 were
£275,655 (2017 - £322,087) which relate to all lease payments due until October 2023 at which time there is a
break clause in the lease agreement. In addition, the total future payments outstanding in respect of a five year
agreement for a photocopier as at 31 March 2018 were £1,818 (2017 - £2,232).