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REGISTERED NUMBER: 10129188 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

INDUSTRIAL ROOFING SPECIALISTS LIMITED

INDUSTRIAL ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 10129188)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDUSTRIAL ROOFING SPECIALISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: N O Haughey
S MILLS





REGISTERED OFFICE: 6/7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





REGISTERED NUMBER: 10129188 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

INDUSTRIAL ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 10129188)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,827 47,451

CURRENT ASSETS
Debtors 5 12,670 11,362
Cash at bank 81,845 82,076
94,515 93,438
CREDITORS
Amounts falling due within one year 6 36,576 58,921
NET CURRENT ASSETS 57,939 34,517
TOTAL ASSETS LESS CURRENT LIABILITIES 115,766 81,968

PROVISIONS FOR LIABILITIES 10,985 9,015
NET ASSETS 104,781 72,953

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,681 72,853
104,781 72,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 6 October 2023 and were signed on its behalf by:




N O Haughey - Director


INDUSTRIAL ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 10129188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Industrial Roofing Specialists 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

INDUSTRIAL ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 10129188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 699 47,739 25,563 74,001
Additions - 35,250 2,587 37,837
Disposals - (18,932 ) - (18,932 )
At 30 April 2023 699 64,057 28,150 92,906
DEPRECIATION
At 1 May 2022 698 17,139 8,713 26,550
Charge for year - 8,250 4,211 12,461
Eliminated on disposal - (3,932 ) - (3,932 )
At 30 April 2023 698 21,457 12,924 35,079
NET BOOK VALUE
At 30 April 2023 1 42,600 15,226 57,827
At 30 April 2022 1 30,600 16,850 47,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,385 8,077
Other debtors 3,285 3,285
12,670 11,362

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,614 12,123
Corporation tax 10,902 7,473
Social security and other taxes 6,800 7,949
Other creditors 1,260 31,376
36,576 58,921

7. RELATED PARTY DISCLOSURES

During the year the directors N Haughey and S Mills loaned the company money with no set repayment date or interest payable. The amount due to the directors at the year end was £258 and £152 respectively (2022: £15,316 and £15,210).

The directors/shareholders also received dividends of £24,000 during the year (2022: £30,000).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by both directors who each hold 50% of the issued ordinary share capital.