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REGISTERED NUMBER: 12367451 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

ADAMS ROOFING SERVICES LTD

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


ADAMS ROOFING SERVICES LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: L BEASLEY
P MARKHAM
R MARKHAM
P LANGFORD
P S PRICE





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 12367451 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

L BEASLEY
P MARKHAM
R MARKHAM
P LANGFORD
P S PRICE

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P S PRICE - Director


1 October 2023

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

Period
1/1/21
Year Ended to
31/3/23 31/3/22
Notes £    £   

TURNOVER 286,037 273,897

Cost of sales 157,800 163,448
GROSS PROFIT 128,237 110,449

Administrative expenses 37,539 55,674
90,698 54,775

Other operating income - 5,718
OPERATING PROFIT 90,698 60,493


Interest payable and similar expenses - 383
PROFIT BEFORE TAXATION 90,698 60,110

Tax on profit 12,967 11,421
PROFIT FOR THE FINANCIAL YEAR 77,731 48,689

Retained earnings at beginning of year 20,591 11,902

Dividends 4 (40,000 ) (40,000 )

RETAINED EARNINGS AT END OF YEAR 58,322 20,591

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 22,450 -

CURRENT ASSETS
Debtors 6 47,602 24,440
Cash at bank and in hand 38,028 37,989
85,630 62,429
CREDITORS
Amounts falling due within one year 7 37,457 25,176
NET CURRENT ASSETS 48,173 37,253
TOTAL ASSETS LESS CURRENT LIABILITIES 70,623 37,253

CREDITORS
Amounts falling due after more than one year 8 12,296 16,667
NET ASSETS 58,327 20,586

CAPITAL AND RESERVES
Called up share capital 5 (5 )
Retained earnings 58,322 20,591
SHAREHOLDERS' FUNDS 58,327 20,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2023 and were signed on its behalf by:





P S PRICE - Director


ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

ADAMS ROOFING SERVICES 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.

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.

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 year was 4 (2022 - 5 ) .

4. DIVIDENDS
Period
1/1/21
Year Ended to
31/3/23 31/3/22
£    £   
ORDINARY shares of 1.00 each
Final 40,000 40,000

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 22,450
At 31 March 2023 22,450
NET BOOK VALUE
At 31 March 2023 22,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 5,784 1,180
CIS Tax suffered 41,818 23,260
47,602 24,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 4 5
Tax 24,389 11,421
VAT 1,268 4,479
Directors' current accounts 10,496 8,021
Accrued expenses 1,300 1,250
37,457 25,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bounce Back Loan 12,296 16,667