BELGRAVE ROOFING LIMITED

Company Registration Number:
04515485 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

BELGRAVE ROOFING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

BELGRAVE ROOFING LIMITED

Balance sheet

As at 30 June 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 76,164 22,606
Total fixed assets: 76,164 22,606
Current assets
Debtors:   423,683 406,162
Cash at bank and in hand: 83,386 239,605
Total current assets: 507,069 645,767
Creditors: amounts falling due within one year:   (106,382) (164,365)
Net current assets (liabilities): 400,687 481,402
Total assets less current liabilities: 476,851 504,008
Total net assets (liabilities): 476,851 504,008
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 476,850 504,007
Shareholders funds: 476,851 504,008

The notes form part of these financial statements

BELGRAVE ROOFING LIMITED

Balance sheet statements

For the year ending 30 June 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 October 2023
and signed on behalf of the board by:

Name: Mr D Millington
Status: Director

The notes form part of these financial statements

BELGRAVE ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fittings fixtures and equipment - 15% reducing balanceMotor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.ImpairmentA review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Other accounting policies

Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discountedpresent value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

BELGRAVE ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 2 2

BELGRAVE ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 143,774
Additions 90,075
Disposals (83,181)
At 30 June 2022 150,668
Depreciation
At 01 July 2021 121,168
Charge for year 26,694
On disposals (73,358)
At 30 June 2022 74,504
Net book value
At 30 June 2022 76,164
At 30 June 2021 22,606

BELGRAVE ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Loans to directors

Name of director receiving advance or credit: Mr D Millington
Description of the loan: Director's loan account
£
Balance at 01 July 2021 116,151
Advances or credits made: 46,007
Advances or credits repaid: 40,000
Balance at 30 June 2022 122,158