Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The principal activity of the Company continued to be the provision of roofing services.true2022-04-0111false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03052573 2022-04-01 2023-03-31 03052573 2021-04-01 2022-03-31 03052573 2023-03-31 03052573 2022-03-31 03052573 2021-04-01 03052573 c:Director1 2022-04-01 2023-03-31 03052573 c:Director2 2022-04-01 2023-03-31 03052573 d:PlantMachinery 2022-04-01 2023-03-31 03052573 d:PlantMachinery 2023-03-31 03052573 d:PlantMachinery 2022-03-31 03052573 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03052573 d:MotorVehicles 2022-04-01 2023-03-31 03052573 d:MotorVehicles 2023-03-31 03052573 d:MotorVehicles 2022-03-31 03052573 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03052573 d:FurnitureFittings 2022-04-01 2023-03-31 03052573 d:FurnitureFittings 2023-03-31 03052573 d:FurnitureFittings 2022-03-31 03052573 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03052573 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03052573 d:CurrentFinancialInstruments 2023-03-31 03052573 d:CurrentFinancialInstruments 2022-03-31 03052573 d:Non-currentFinancialInstruments 2023-03-31 03052573 d:Non-currentFinancialInstruments 2022-03-31 03052573 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03052573 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03052573 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03052573 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03052573 d:ShareCapital 2023-03-31 03052573 d:ShareCapital 2022-03-31 03052573 d:RetainedEarningsAccumulatedLosses 2023-03-31 03052573 d:RetainedEarningsAccumulatedLosses 2022-03-31 03052573 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03052573 c:OrdinaryShareClass1 2023-03-31 03052573 c:FRS102 2022-04-01 2023-03-31 03052573 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03052573 c:FullAccounts 2022-04-01 2023-03-31 03052573 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03052573 d:WithinOneYear 2023-03-31 03052573 d:WithinOneYear 2022-03-31 03052573 d:BetweenOneFiveYears 2023-03-31 03052573 d:BetweenOneFiveYears 2022-03-31 03052573 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03052573 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03052573 d:OtherDeferredTax 2023-03-31 03052573 d:OtherDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03052573









ALPHA ROOFING SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ALPHA ROOFING SERVICES LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 9


 
ALPHA ROOFING SERVICES LIMITED
REGISTERED NUMBER: 03052573

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
31,256
45,255

  
31,256
45,255

CURRENT ASSETS
  

Stocks
 5 
56,928
57,915

Debtors: amounts falling due within one year
 6 
455,929
501,529

Cash at bank and in hand
  
212,075
67,702

  
724,932
627,146

Creditors: amounts falling due within one year
 7 
(204,885)
(136,484)

NET CURRENT ASSETS
  
 
 
520,047
 
 
490,662

TOTAL ASSETS LESS CURRENT LIABILITIES
  
551,303
535,917

Creditors: amounts falling due after more than one year
 8 
(54,406)
(72,727)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(7,801)
(8,590)

  
 
 
(7,801)
 
 
(8,590)

NET ASSETS
  
489,096
454,600


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Profit and loss account
  
488,996
454,500

  
489,096
454,600


Page 1

 
ALPHA ROOFING SERVICES LIMITED
REGISTERED NUMBER: 03052573
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr P D Short
Mr D T Liles
Director
Director


Date: 23 October 2023
Date:23 October 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Alpha Roofing Services Limited is a private company limited by shares and incorporated in England and Wales.  It's registered office address is 333 Whapload Road, Lowestoft, Suffolk, NR32 1UL.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of roofing services supplied during the year, exclusive of Value Added Tax and trade discounts.  Turnover is recognised as the fair value of the consideration received or receivable.
Turnover from a contract to provide services is recognised in the period in which the services are supplied in accordance with the stage of completion of the contract, when the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably;
- the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model 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.

Page 3

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.3
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10% Straight line
Motor vehicles
-
20% Straight line
Office equipment, fixtures and fittings
-
33% Straight line

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.

 
2.4

STOCKS AND WORK IN PROGRESS

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.5

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences.  Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.   


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).

Page 5

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment, fixtures and fittings
Total

£
£
£
£



COST OR VALUATION


At 1 April 2022
49,274
173,517
20,899
243,690


Additions
2,888
2,886
499
6,273


Disposals
(3,199)
-
(7,097)
(10,296)



At 31 March 2023

48,963
176,403
14,301
239,667



DEPRECIATION


At 1 April 2022
43,413
138,938
16,084
198,435


Charge for the year on owned assets
3,553
12,206
798
16,557


Disposals
(3,055)
-
(3,526)
(6,581)



At 31 March 2023

43,911
151,144
13,356
208,411



NET BOOK VALUE



At 31 March 2023
5,052
25,259
945
31,256



At 31 March 2022
5,861
34,579
4,815
45,255


5.


STOCKS

2023
2022
£
£

Materials and consumables
33,254
50,618

Work in progress
23,674
7,297

56,928
57,915


Page 6

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£


Trade debtors
400,494
440,103

Other debtors
53,918
59,949

Prepayments and accrued income
1,517
1,477

455,929
501,529



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
18,182
18,182

Trade creditors
136,806
71,026

Corporation tax
16,849
-

Other taxation and social security
12,943
11,124

Other creditors
3,691
1,529

Accruals and deferred income
16,414
34,623

204,885
136,484


Other creditors include contributions of £118 (2022 - £100) payable to the Company's defined contribution pension scheme at the balance sheet date.
Bank loans represent a Government backed 'Coronavirus Business Interruption Loan' which was drawn down in March 2021.  The loan is 80% guaranteed by the government and there will be no fees or interest payable in the first 12 months. After this initial 12 month period, interest will be charged on a floating rate basis under which the interest rate will never be less than the margin rate of 2.4% per annum.

Page 7

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
54,406
72,727

54,406
72,727


Bank loans represent a Government backed 'Coronavirus Business Interruption Loan' which was drawn down in March 2021.  The loan is 80% guaranteed by the government and there will be no fees or interest payable in the first 12 months. After this initial 12 month period, interest will be charged on a floating rate basis under which the interest rate will never be less than the margin rate of 2.4% per annum.


9.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
8,590
12,268


Charged to profit or loss
(789)
(3,678)



AT END OF YEAR
7,801
8,590

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
7,814
8,598

Other short term timing differences
(13)
(8)

7,801
8,590


10.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary shares of £1.00 each
100
100


Page 8

 
ALPHA ROOFING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


COMMITMENTS UNDER OPERATING LEASES

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
24,059
24,059

Later than 1 year and not later than 5 years
10,118
34,177

34,177
58,236

 
Page 9