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REGISTERED NUMBER: 07194705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Peter Shaw Roofing Limited

Peter Shaw Roofing Limited (Registered number: 07194705)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peter Shaw Roofing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: E P SHAW
L J SHAW





REGISTERED OFFICE: 210 Lower Regent Street
Beeston
Nottingham
Nottinghamshire
NG9 2DD





REGISTERED NUMBER: 07194705 (England and Wales)





ACCOUNTANTS: CVH Accounting
210 Lower Regent Street
Beeston
Nottingham
NG9 2DD

Peter Shaw Roofing Limited (Registered number: 07194705)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,855 12,012

CURRENT ASSETS
Stocks 7,200 8,600
Debtors 5 20,346 18,522
Cash at bank 89,965 160,095
117,511 187,217
CREDITORS
Amounts falling due within one year 6 100,487 141,082
NET CURRENT ASSETS 17,024 46,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,879

58,147

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 34,859 58,127
SHAREHOLDERS' FUNDS 34,879 58,147

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.

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 18 September 2023 and were signed on its behalf by:




E P SHAW - Director


Peter Shaw Roofing Limited (Registered number: 07194705)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Peter Shaw 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Peter Shaw Roofing Limited (Registered number: 07194705)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 3,251 53,027 56,278
Additions - 12,168 12,168
Disposals - (7,609 ) (7,609 )
At 31 March 2023 3,251 57,586 60,837
DEPRECIATION
At 1 April 2022 1,422 42,844 44,266
Charge for year 457 5,494 5,951
Eliminated on disposal - (7,235 ) (7,235 )
At 31 March 2023 1,879 41,103 42,982
NET BOOK VALUE
At 31 March 2023 1,372 16,483 17,855
At 31 March 2022 1,829 10,183 12,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,095 15,594
Other debtors 1,064 -
Prepayments 7,187 2,928
20,346 18,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 25,895 33,662
Trade creditors 15,155 7,191
Tax 26,772 38,467
Social security and other taxes 27,874 32,828
Other creditors 620 722
Directors' current accounts 1,105 25,412
Accrued expenses 3,066 2,800
100,487 141,082