IRIS Accounts Production v23.3.0.418 06303798 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063037982022-07-31063037982023-07-31063037982022-08-012023-07-31063037982021-07-31063037982021-08-012022-07-31063037982022-07-3106303798ns10:Originalns15:EnglandWales2022-08-012023-07-3106303798ns14:PoundSterlingns10:Original2022-08-012023-07-3106303798ns10:Originalns10:Director12022-08-012023-07-3106303798ns10:Original2022-08-012023-07-3106303798ns10:Originalns10:Director22022-08-012023-07-3106303798ns10:Original2023-07-3106303798ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3106303798ns10:Originalns10:SmallEntities2022-08-012023-07-3106303798ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3106303798ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3106303798ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3106303798ns10:Originalns10:FullAccounts2022-08-012023-07-3106303798ns10:CompanySecretary1ns10:Original2022-08-012023-07-3106303798ns10:Originalns10:RegisteredOffice2022-08-012023-07-3106303798ns10:Original2022-07-3106303798ns10:Originalns5:CurrentFinancialInstruments2023-07-3106303798ns10:Originalns5:CurrentFinancialInstruments2022-07-3106303798ns10:Originalns5:Non-currentFinancialInstruments2023-07-3106303798ns10:Originalns5:Non-currentFinancialInstruments2022-07-3106303798ns5:ShareCapitalns10:Original2023-07-3106303798ns5:ShareCapitalns10:Original2022-07-3106303798ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3106303798ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3106303798ns10:Originalns5:PlantMachinery2022-08-012023-07-3106303798ns10:Originalns5:FurnitureFittings2022-08-012023-07-3106303798ns10:Originalns5:MotorVehicles2022-08-012023-07-3106303798ns10:Original2021-08-012022-07-3106303798ns10:Originalns5:PlantMachinery2022-07-3106303798ns10:Originalns5:FurnitureFittings2022-07-3106303798ns10:Originalns5:MotorVehicles2022-07-3106303798ns10:Original2022-07-3106303798ns10:Originalns5:PlantMachinery2023-07-3106303798ns10:Originalns5:FurnitureFittings2023-07-3106303798ns10:Originalns5:MotorVehicles2023-07-3106303798ns10:Originalns5:PlantMachinery2022-07-3106303798ns10:Originalns5:FurnitureFittings2022-07-3106303798ns10:Originalns5:MotorVehicles2022-07-3106303798ns10:Originalns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3106303798ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3106303798ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 06303798 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Mascot Roofing Limited

Mascot Roofing Limited (Registered number: 06303798)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mascot Roofing Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M T Cutler
J S Lyons





SECRETARY: M T Cutler





REGISTERED OFFICE: Unit 25 Bolney Grange Business Park
Stairbridge Lane
Bolney
West Sussex
RH17 5PB





REGISTERED NUMBER: 06303798 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Mascot Roofing Limited (Registered number: 06303798)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,820 128,979

CURRENT ASSETS
Debtors 5 1,064,898 792,222
Cash at bank 109,399 183,205
1,174,297 975,427
CREDITORS
Amounts falling due within one year 6 771,244 399,162
NET CURRENT ASSETS 403,053 576,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,873

705,244

CREDITORS
Amounts falling due after more than one
year

7

(14,754

)

(176,860

)

PROVISIONS FOR LIABILITIES (29,099 ) (32,245 )
NET ASSETS 511,020 496,139

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 511,018 496,137
SHAREHOLDERS' FUNDS 511,020 496,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Mascot Roofing Limited (Registered number: 06303798)

Balance Sheet - continued
31 July 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 14 September 2023 and were signed on its behalf by:




J S Lyons - Director



M T Cutler - Director


Mascot Roofing Limited (Registered number: 06303798)

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

1. STATUTORY INFORMATION

Mascot 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

Mascot Roofing Limited (Registered number: 06303798)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 85,063 7,530 199,944 292,537
Additions 856 1,428 81,891 84,175
Disposals - - (14,500 ) (14,500 )
At 31 July 2023 85,919 8,958 267,335 362,212
DEPRECIATION
At 1 August 2022 41,297 5,284 116,977 163,558
Charge for year 11,155 811 41,212 53,178
Eliminated on disposal - - (6,344 ) (6,344 )
At 31 July 2023 52,452 6,095 151,845 210,392
NET BOOK VALUE
At 31 July 2023 33,467 2,863 115,490 151,820
At 31 July 2022 43,766 2,246 82,967 128,979

Included within the net book value of Tangible Fixed Assets is £ 33,421 (2022: £32,517) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 8,129 (2022 - £10,837).

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 741,956 735,901
Other debtors 4,581 56,321
VAT 92,642 -
839,179 792,222

Amounts falling due after more than one year:
Amounts owed by participating interests 225,719 -

Aggregate amounts 1,064,898 792,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 12,214 7,519
Trade creditors 627,124 308,459
Tax 23,149 -
Social security and other taxes 31,664 83,184
Directors' current accounts 69,749 -
Accrued expenses 7,344 -
771,244 399,162

Mascot Roofing Limited (Registered number: 06303798)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 14,754 30,075
Other creditors - 146,785
14,754 176,860

8. CONTINGENT LIABILITIES

During the year the company paid £ 38,000 in rent under a 10 year Contractual Term Commercial Lease started on 14th December 2020 with a 5 yearly break clause.

9. RELATED PARTY DISCLOSURES

During the year the company lent money to Neptune Scaffolding Limited of £ 225,718. This is shown under loans to participating interests in Long term Debtors within the balance sheet.

Their is trade between the two companies which is charged at normal commercial terms

The Directors has an interest in Neptune Scaffolding Limited

The company pays a Pension contribution of £ 24,000 and Rent of £ 38,000 to Sippdeal Trustees Ltd of which the directors have an interest.