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REGISTERED NUMBER: 05348322 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FIVE STAR ROOFING LTD

FIVE STAR ROOFING LTD (REGISTERED NUMBER: 05348322)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIVE STAR ROOFING LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: Mr C A Glover
Mrs D E Glover





SECRETARY: Mrs D E Glover





REGISTERED OFFICE: 83 Leicester Road
Glenfield
Leicester
LE3 8HF





REGISTERED NUMBER: 05348322 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Unit 8 Oak Spinney Park
Ratby Lane
Leicester Forest East
Leicester
LE3 3AW

FIVE STAR ROOFING LTD (REGISTERED NUMBER: 05348322)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,445 13,545

CURRENT ASSETS
Stocks 150,600 149,040
Debtors 5 89,081 51,427
Cash at bank 157,760 94,876
397,441 295,343
CREDITORS
Amounts falling due within one year 6 133,824 99,935
NET CURRENT ASSETS 263,617 195,408
TOTAL ASSETS LESS CURRENT LIABILITIES 315,062 208,953

PROVISIONS FOR LIABILITIES 9,714 2,500
NET ASSETS 305,348 206,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 305,248 206,353
SHAREHOLDERS' FUNDS 305,348 206,453

FIVE STAR ROOFING LTD (REGISTERED NUMBER: 05348322)

BALANCE SHEET - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mr C A Glover - Director


FIVE STAR ROOFING LTD (REGISTERED NUMBER: 05348322)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Five Star Roofing 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 and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Plant and machinery15% per annum on net book amount
Fixtures and fittings15% per annum on net book amount
Motor vehicles25% per annum on net book amount

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


FIVE STAR ROOFING LTD (REGISTERED NUMBER: 05348322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 417 3,757 46,660 50,834
Additions - - 54,840 54,840
At 28 February 2023 417 3,757 101,500 105,674
DEPRECIATION
At 1 March 2022 232 2,382 34,675 37,289
Charge for year 28 206 16,706 16,940
At 28 February 2023 260 2,588 51,381 54,229
NET BOOK VALUE
At 28 February 2023 157 1,169 50,119 51,445
At 28 February 2022 185 1,375 11,985 13,545

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80,790 27,700
VAT 5,416 20,869
Prepayments 2,875 2,858
89,081 51,427

FIVE STAR ROOFING LTD (REGISTERED NUMBER: 05348322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,974 24,372
Tax 30,507 24,033
Social security and other taxes 2,341 2,624
Other creditors 1,162 568
Directors' current accounts 45,140 45,142
Accruals 2,700 3,196
133,824 99,935

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £45,140 (2022 - £45,142) owing to C A Glover and Mrs D Glover, directors of the company. This loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by C A Glover and Mrs D Glover who own 100% of the issued share capital and are the directors of the company.