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REGISTERED NUMBER: 09020011 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

NJ FLAT ROOFING LIMITED

NJ FLAT ROOFING LIMITED (REGISTERED NUMBER: 09020011)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NJ FLAT ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J A Jones
N A Morris





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: 09020011 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

NJ FLAT ROOFING LIMITED (REGISTERED NUMBER: 09020011)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,603 30,090

CURRENT ASSETS
Debtors 5 75,471 59,811
Cash at bank 107,138 33,388
182,609 93,199
CREDITORS
Amounts falling due within one year 6 82,195 46,947
NET CURRENT ASSETS 100,414 46,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,017

76,342

CREDITORS
Amounts falling due after more than one
year

7

(17,729

)

(22,900

)

PROVISIONS FOR LIABILITIES 8 (1,160 ) (1,300 )
NET ASSETS 100,128 52,142

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 100,126 52,140
SHAREHOLDERS' FUNDS 100,128 52,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:




J A Jones - Director


NJ FLAT ROOFING LIMITED (REGISTERED NUMBER: 09020011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

NJ Flat Roofing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents work carried out in respect of roofing and other construction services.

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- 25% on cost
Motor Vehicles- 25% on cost
Computer equipment- 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

NJ FLAT ROOFING LIMITED (REGISTERED NUMBER: 09020011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 9,169 37,230 5,705 52,104
Additions - - 635 635
At 31 May 2023 9,169 37,230 6,340 52,739
DEPRECIATION
At 1 June 2022 5,702 13,961 2,351 22,014
Charge for year 1,906 9,307 909 12,122
At 31 May 2023 7,608 23,268 3,260 34,136
NET BOOK VALUE
At 31 May 2023 1,561 13,962 3,080 18,603
At 31 May 2022 3,467 23,269 3,354 30,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,867 38,405
Directors' current accounts - 1,108
VAT 6,812 13,242
Prepayments and accrued income 4,792 7,056
75,471 59,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 5,172 5,172
Trade creditors - 2,181
Taxation and social security 58,984 36,682
Other creditors 18,039 2,912
82,195 46,947

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Finance leases 17,729 22,900

NJ FLAT ROOFING LIMITED (REGISTERED NUMBER: 09020011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,160 1,300

Deferred
tax
£   
Balance at 1 June 2022 1,300
Accelerated capital allowances (140 )
Balance at 31 May 2023 1,160