Registered number
02816598
Brown Roofing (Midlands) Limited
Filleted Accounts
30 April 2023
Brown Roofing (Midlands) Limited
Registered number: 02816598
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 487,764 320,712
Current assets
Stocks 31,520 34,056
Debtors 4 2,345,130 1,683,598
Cash at bank and in hand 954,647 894,237
3,331,297 2,611,891
Creditors: amounts falling due within one year 5 (1,442,675) (1,182,062)
Net current assets 1,888,622 1,429,829
Total assets less current liabilities 2,376,386 1,750,541
Creditors: amounts falling due after more than one year 6 (333) (333)
Provisions for liabilities (98,304) (42,781)
Net assets 2,277,749 1,707,427
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,276,749 1,706,427
Shareholders' funds 2,277,749 1,707,427
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R L Mills
Director
Approved by the board on 26 October 2023
Brown Roofing (Midlands) Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 103,547 30,267 445,328 579,142
Additions - 38,131 280,568 318,699
Disposals - - (62,318) (62,318)
At 30 April 2023 103,547 68,398 663,578 835,523
Depreciation
At 1 May 2022 8,000 29,054 221,376 258,430
Charge for the year 1,000 9,836 121,236 132,072
On disposals - - (42,743) (42,743)
At 30 April 2023 9,000 38,890 299,869 347,759
Net book value
At 30 April 2023 94,547 29,508 363,709 487,764
At 30 April 2022 95,547 1,213 223,952 320,712
4 Debtors 2023 2022
£ £
Trade debtors 2,205,326 1,529,422
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 41,701
Other debtors 139,804 112,475
2,345,130 1,683,598
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,142,072 1,060,621
Amounts owed to group undertakings and undertakings in which the company has a participating interest 73,485 -
Taxation and social security costs 226,415 120,829
Other creditors 703 612
1,442,675 1,182,062
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 333 333
7 Controlling party
The company is an 81% subsidiary of RC UK Ltd, a company registered in England and Wales, whose directors include directors of this company. The controlling parties of RC UK Ltd are RJ Brown and RL Mills. The registered office of RC UK Ltd is Unit 10 J, Buntsford Park Road, Bromsgrove, Worcestershire B60 3DX.
8 Other information
Brown Roofing (Midlands) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10J Bruntsford Park Road
Bromsgrove
Worcestershire
B60 3DX
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