Registered number
11777847
K.A.S. ROOFING LTD
Filleted Accounts
31 January 2023
K.A.S. ROOFING LTD
Registered number: 11777847
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 33,327 35,550
Current assets
Stocks 28,480 600
Debtors 4 11,839 28,784
Cash at bank and in hand 34,492 46,124
74,811 75,508
Creditors: amounts falling due within one year 5 (45,737) (41,656)
Net current assets 29,074 33,852
Total assets less current liabilities 62,401 69,402
Creditors: amounts falling due after more than one year 6 (33,258) (40,245)
Provisions for liabilities (6,332) (6,754)
Net assets 22,811 22,403
Capital and reserves
Called up share capital 1 1
Profit and loss account 22,810 22,402
Shareholder's funds 22,811 22,403
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S L Corson
Director
Approved by the board on 17 October 2023
K.A.S. ROOFING LTD
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 4 years straight line
Plant & machinery 10% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant & machinery Computer equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 1,870 1,651 42,858 46,379
At 31 January 2023 1,870 1,651 42,858 46,379
Depreciation
At 1 February 2022 187 629 10,013 10,829
Charge for the year 168 413 1,642 2,223
At 31 January 2023 355 1,042 11,655 13,052
Net book value
At 31 January 2023 1,515 609 31,203 33,327
At 31 January 2022 1,683 1,022 32,845 35,550
4 Debtors 2023 2022
£ £
Trade debtors - 20,346
Other debtors 11,839 8,438
11,839 28,784
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,960 7,000
Obligations under finance lease and hire purchase contracts 4,248 4,248
Taxation and social security costs 14,523 6,698
Other creditors 23,006 23,710
45,737 41,656
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,594 23,333
Obligations under finance lease and hire purchase contracts 12,664 16,912
33,258 40,245
7 Other information
K.A.S. ROOFING LTD is a private company limited by shares and incorporated in England. Its registered office is:
105 Redbrook Road
Barnsley
South Yorkshire
S75 2RG
K.A.S. ROOFING LTD 11777847 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 S L Corson No description of principal activity 11777847 2021-02-01 2022-01-31 11777847 core:WithinOneYear 2022-01-31 11777847 core:AfterOneYear 2022-01-31 11777847 core:ShareCapital 2022-01-31 11777847 core:RetainedEarningsAccumulatedLosses 2022-01-31 11777847 2022-02-01 2023-01-31 11777847 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11777847 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11777847 bus:Director40 2022-02-01 2023-01-31 11777847 1 2022-02-01 2023-01-31 11777847 2 2022-02-01 2023-01-31 11777847 core:LandBuildings 2022-02-01 2023-01-31 11777847 core:PlantMachinery 2022-02-01 2023-01-31 11777847 core:Vehicles 2022-02-01 2023-01-31 11777847 countries:England 2022-02-01 2023-01-31 11777847 bus:FRS102 2022-02-01 2023-01-31 11777847 bus:FullAccounts 2022-02-01 2023-01-31 11777847 2023-01-31 11777847 core:WithinOneYear 2023-01-31 11777847 core:AfterOneYear 2023-01-31 11777847 core:ShareCapital 2023-01-31 11777847 core:RetainedEarningsAccumulatedLosses 2023-01-31 11777847 core:LandBuildings 2023-01-31 11777847 core:PlantMachinery 2023-01-31 11777847 core:Vehicles 2023-01-31 11777847 2022-01-31 11777847 core:LandBuildings 2022-01-31 11777847 core:PlantMachinery 2022-01-31 11777847 core:Vehicles 2022-01-31 iso4217:GBP xbrli:pure