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REGISTERED NUMBER: 02026578 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Barclay Roofing Limited

Barclay Roofing Limited (Registered number: 02026578)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barclay Roofing Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: P Trelease
R E J C Flounders
M C Flounders
P Trelease





SECRETARY: J Caine





REGISTERED OFFICE: Portrack Grange Road
Portrack Industrial Estate
STOCKTON-ON-TEES
TS18 2PH





REGISTERED NUMBER: 02026578 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Barclay Roofing Limited (Registered number: 02026578)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,780 31,564

CURRENT ASSETS
Stocks 5 989,590 872,817
Debtors 6 2,249,347 2,163,689
Cash at bank 1,143,182 696,239
4,382,119 3,732,745
CREDITORS
Amounts falling due within one year 7 1,750,670 1,280,992
NET CURRENT ASSETS 2,631,449 2,451,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,657,229

2,483,317

PROVISIONS FOR LIABILITIES 9 4,845 5,932
NET ASSETS 2,652,384 2,477,385

CAPITAL AND RESERVES
Called up share capital 10 3,000 3,000
Retained earnings 2,649,384 2,474,385
SHAREHOLDERS' FUNDS 2,652,384 2,477,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Barclay Roofing Limited (Registered number: 02026578)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 April 2022 and were signed on its behalf by:





P Trelease - Director


Barclay Roofing Limited (Registered number: 02026578)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Barclay Roofing 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.

2. ACCOUNTING POLICIES

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group nor transactions with directors conducted at a market rate.

Turnover
Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax. Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

Income recognition
For long-term contracts, where the outcome of a long-term contract can be estimated reliably, turnover is recognised by reference to the stage of completion. The stage of completion is measured by the proportion of contract costs incurred to date compared to the estimated total contract costs, reflective of both the materials content and labour costs.

Where the outcome of a long-term contract cannot be estimated reliably, contract turnover is recognised to the extent that contract costs will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When it is possible that the total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost and 15% on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Barclay Roofing Limited (Registered number: 02026578)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost or selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Work in progress is valued on the basis of direct costs and direct labour.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

Leasing commitments
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.

Grants
Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset. Revenue based grants are credited to the profit and loss account on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2020 - 80 ) .

Barclay Roofing Limited (Registered number: 02026578)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2021 23,050 62,987 86,037
Additions 2,346 6,734 9,080
At 31 December 2021 25,396 69,721 95,117
DEPRECIATION
At 1 January 2021 11,757 42,716 54,473
Charge for year 5,187 9,677 14,864
At 31 December 2021 16,944 52,393 69,337
NET BOOK VALUE
At 31 December 2021 8,452 17,328 25,780
At 31 December 2020 11,293 20,271 31,564

5. STOCKS
2021 2020
£    £   
Work-in-progress 989,590 872,817

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,694,698 1,519,409
Amounts owed by group undertakings 57,814 48,504
Other debtors 362,907 100,025
Directors' current accounts - 198,265
Prepayments and accrued income 133,928 297,486
2,249,347 2,163,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,422,836 905,815
Taxation and social security 127,694 153,599
Other creditors 88,431 94,375
Accruals and deferred income 111,709 127,203
1,750,670 1,280,992

Barclay Roofing Limited (Registered number: 02026578)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 21,856 65,530
Between one and five years 578 22,433
22,434 87,963

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 4,845 5,932

Deferred
tax
£   
Balance at 1 January 2021 5,932
Accelerated capital allowances (1,087 )
Balance at 31 December 2021 4,845

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
3,000 Ordinary £1 3,000 3,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
P Trelease
Balance outstanding at start of year 198,265 198,265
Amounts repaid (198,265 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 198,265

No interest was charged.

12. ULTIMATE PARENT COMPANY

Barclay Roofing Limited is a wholly owned subsidiary of Barclay Roofing (Holdings) Limited, a company registered in England and Wales. The registered office of Barclay Roofing (Holdings) Limited is Portrack Grange Road, Portrack Industrial Estate, Stockton-on-Tees, TS18 2PH.