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REGISTERED NUMBER: 02144613 (England and Wales)










SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 02144613)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr C R Lowe
Mr R J Lowe
Mr R Lowe
Ms K Makaroff





SECRETARY: Mrs J Crossley





REGISTERED OFFICE: 36 Church Street
Great Baddow
Chelmsford
Essex
CM2 7HY





REGISTERED NUMBER: 02144613 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 02144613)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 156,981 299,358

CURRENT ASSETS
Stocks - 497,121
Debtors 6 2,879,304 1,629,809
Cash at bank and in hand 874,236 765,241
3,753,540 2,892,171
CREDITORS
Amounts falling due within one year 7 1,968,383 1,419,272
NET CURRENT ASSETS 1,785,157 1,472,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,942,138

1,772,257

PROVISIONS FOR LIABILITIES 18,646 39,492
NET ASSETS 1,923,492 1,732,765

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,923,392 1,732,665
SHAREHOLDERS' FUNDS 1,923,492 1,732,765

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.

SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 02144613)

BALANCE SHEET - continued
31 MARCH 2023


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 3 October 2023 and were signed on its behalf by:





Mr C R Lowe - Director


SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 02144613)

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

1. STATUTORY INFORMATION

Southern Counties Roofing Contractors 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Turnover comprises all sales of goods and rendering of services at the fair value of consideration received or receivable after the deduction of any trade discounts and excluding sales taxes. Revenue is recognised when it can be measured reliably and the significant risks and rewards of ownership are transferred to the customer. With the sale of goods, this occurs when the goods are despatched or made available to the customer, except for the sale of consignment products located at customers’ premises where revenue is recognised on notification that the product has been used. With the rendering of services, revenue is recognised by reference to the stage of completion as measured by the proportion that costs incurred to date bear to the estimated total costs.

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 etc - 33% on cost, 25% on cost and 20% on cost

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.

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.


SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 02144613)

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

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 33 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 676,709
Additions 44,139
Disposals (360,567 )
At 31 March 2023 360,281
DEPRECIATION
At 1 April 2022 377,351
Charge for year 75,868
Eliminated on disposal (249,919 )
At 31 March 2023 203,300
NET BOOK VALUE
At 31 March 2023 156,981
At 31 March 2022 299,358

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 2,178,685 1,482,747
Other debtors 78,866 95,219
Prepayments 84,103 51,843
2,341,654 1,629,809

SOUTHERN COUNTIES ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 02144613)

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

6. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Other debtors 537,650 -

Aggregate amounts 2,879,304 1,629,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 803,757 798,763
Amounts owed to group undertakings 200,000 25,050
Tax 347,728 105,969
Social security and other taxes 114,947 108,951
VAT 296,630 176,550
Other creditors 180,200 177,168
Accrued expenses 25,121 26,821
1,968,383 1,419,272

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

At the beginning of the year the company sold its retail wholesale roofing supplies division to a related company at an arms length price as the division was not considered core to the primary trade of the company.

The company has provided an interest bearing long term loan to a related company in which three of the directors are also directors and have a controlling shareholding. The amount owed as at 31 March 2023 is £542,579.

The two companies trade with each other on normal commercial terms and balances are included in trade debtors and creditors.

10. ULTIMATE CONTROLLING PARTY

The immediate parent undertakings to be Southern Counties Limited

The ultimate parent undertakings to be Southern Counties Roofing Holdings Limited.

The directors consider there to be no ultimate controlling party.