2021-11-01 2022-10-31 09804342 Roofing South East Limited false 09804342 2021-11-01 2022-10-31 09804342 uk-bus:Director1 2021-11-01 2022-10-31 09804342 uk-bus:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 09804342 uk-bus:SmallEntities 2021-11-01 2022-10-31 09804342 uk-bus:FullAccounts 2021-11-01 2022-10-31 09804342 uk-bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 09804342 2021-11-01 09804342 2022-10-31 09804342 2021-10-31 xbrli:pure iso4217:GBP 09804342 2020-11-01 2021-10-31
Company Registration Number : 09804342 (England and Wales)
09804342
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2022-10-31
false
Roofing South East Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2021-11-01
Roofing South East Limited
Unaudited filleted financial statements
For the year ended 31 October 2022
Roofing South East Limited
Contents
For the year ended 31 October 2022

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 8


Roofing South East Limited
Company Information
For the year ended 31 October 2022

Company registration number 09804342 (England and Wales)
Director Stuart Marshall
Registered office address Unit 1, Station Approach
Chilham
Canterbury
Kent
CT4 8EG
Accountant MBM Balance Ltd
Unit 7 Dane John Works
Canterbury, Kent
CT1 3PP
Roofing South East Limited
Statement of Financial Position
For the year ended 31 October 2022

2022 2021
Notes £ £
Fixed assets
Property, plant and equipment 40,077 19,499
40,077 19,499
Current assets
Debtors 7 418,527 300,077
Cash and cash equivalents - 750
418,527 300,827
Current liabilities
Creditors: Amounts falling due within one year 8 (411,815) (235,826)
Corporation tax payable - (4,091)
(411,815) (239,917)
Net current assets/(liabilities) 6,712 60,910
Total assets less current liabilities 46,789 80,409
Non-current liabilities
Creditors: Amounts falling due after more than one year 9 (27,750) (37,772)
Provision for liabilities (8,172) (4,358)
Net assets/(liabilities) 10,867 38,280
Capital and reserves
Called up share capital 10 1 1
Retained earnings 10,866 38,279
Shareholder's funds 10,867 38,280
For the year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • 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 in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 July 2023
.............................
Stuart Marshall (Director)
Company registration number: 09804342
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2022-10-31 31 October 2022
2022 2021
£ £
Fixed Assets 40,077 19,499
Current Assets 357,600 236,185
Prepayments and accrued income 60,927 64,642
Creditors: amounts falling due within one year (411,815) (239,917)
Net current assets (liabilities) 6,712 60,910
Total assets less current liabilities 46,789 80,409
CREDITORS: Amounts falling due more than one year (27,750) (37,772)
Provisions for liabilities (8,172) (4,358)
Net Assets (liabilities) 10,867 38,280
Capital and Reserves 10,867 38,280
For the year ending 10/31/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 July 2023 2023-07-25 and signed on behalf of the board,
.............................
Stuart Marshall
Director
Company registration number: 09804342
Roofing South East Limited
Notes to the Financial Statements
For the year ended 31 October 2022

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 1, Station approach, Chilham, Canterbury, Kent, CT4 8EG.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of come and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 3 (2021 : 3)

(6) Tangible fixed assets
Leasehold PropertiesEquipmentMotor VehiclesTotals
££££
Cost
As at 01 November 20211,4075,42540,28147,113
Additions-2,43131,99034,421
As at 31 October 20221,4077,85672,27181,534
Depreciation
As at 01 November 20214092,70624,49927,614
For the year2001,69911,94413,843
As at 31 October 20226094,40536,44341,457
Net book value
As at 31 October 20227983,45035,82840,077
As at 31 October 20219982,71915,78219,499

(7) Debtors
Amounts falling due within one year
2022 2021
£ £
Trade debtors 299,296 201,260
Other debtors 58,303 34,175
Prepayments and accrued income 60,927 64,642
418,527 300,077

(8) Creditors: Amounts falling due within one year
2022 2021
£ £
Trade creditors 281,677 120,435
Bank loans and overdrafts 44,913 33,432
Finance leases 27,430 10,379
Other taxes and social security 41,975 26,023
Other creditors 3,971 3,756
Accruals and deferred income 11,849 41,801
411,815 235,826

(9) Creditors: Amounts falling due after more than one year
2022 2021
£ £
Bank loans and overdrafts 27,750 37,772
27,750 37,772

(10) Share capital and reserves
Alloted,called up and fully paid: 2022 2021
£ £
1 (2021 : 1) Ordinary of £ 1 each11
1 1
Ordinary A shares hold equal voting rights.
Retained earnings 2022
£
At 1 November 2021 38,279
Profit of the year 10,087
Dividends paid (37,500)
At 31 October 2022 10,866

(11) Directors advances, credit and guarantees
At the year end, the company was owed £9,723 from the sole director, Stuart Marshall. The loan was repaid in full on 6th April 2023. This balance is included in Other Debtors (2021: £3,576 included in other creditors. The loan attracts interest at a rate of 3.5% and is repayable on demand.

(12) Ultimate controlling party
Mr Stuart Marshall is the ultimate controlling party by virtue of his 100% shareholding.