REGISTERED NUMBER: 13358060 (England and Wales)

Asbestos Roof Renewal Ltd

Unaudited Financial Statements

for the Period 30 April 2022 to 30 April 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G S Marchese

D A Powner

REGISTERED OFFICE:

39 Sands Road

Harriseahead

Stoke-On-Trent

ST7 4JZ

REGISTERED NUMBER:

13358060 (England and Wales)

ACCOUNTANTS:

Marshall Accountancy Ltd

St Mary's House

Crewe Road

Alsager

Stoke-On-Trent

ST7 2EW

FIXED ASSETS

Tangible assets

4

9,000

2,626

CURRENT ASSETS

Debtors

5

2,030

11,040

Cash at bank

34,711

14,095

36,741

25,135

CREDITORS

Amounts falling due within one year

6

(17,079

)

(13,806

)

NET CURRENT ASSETS

19,662

11,329

TOTAL ASSETS LESS CURRENT LIABILITIES

28,662

13,955

PROVISIONS FOR LIABILITIES

(1,710

)

-

NET ASSETS

26,952

13,955

CAPITAL AND RESERVES

Called up share capital

2

(2

)

Retained earnings

26,950

13,957

SHAREHOLDERS' FUNDS

26,952

13,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2023 and were signed on its behalf by:

G S Marchese - Director

1.	STATUTORY INFORMATION

Asbestos Roof Renewal Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 30 April 2022

672

2,500

-

3,172

Additions

7,435

-

972

8,407

At 30 April 2023

8,107

2,500

972

11,579

DEPRECIATION

At 30 April 2022

46

500

-

546

Charge for period

1,209

500

324

2,033

At 30 April 2023

1,255

1,000

324

2,579

NET BOOK VALUE

At 30 April 2023

6,852

1,500

648

9,000

At 29 April 2022

626

2,000

-

2,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

8,620

Other debtors

2,030

2,420

2,030

11,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

-

1,695

Taxation and social security

14,149

5,010

Other creditors

2,930

7,101

17,079

13,806

7.	RELATED PARTY DISCLOSURES

2023

2022

£

£

Directors' loan account

Balance brought forward

(6,101

)

-

(Capital Introduced)/Drawings

19,888

(7,101

)

Dividends

(14,000

)

1,000

Balance carried forward

(213

)

(6,101

)

D A Powner

A company in which Mr Powner is a shareholder.

2023

2022

£

£

Amounts written off during the period

1

-