Rowe Roofing Limited 08420707 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of roofing contractors. Digita Accounts Production Advanced 6.30.9574.0 true true 08420707 2022-03-01 2023-02-28 08420707 2023-02-28 08420707 bus:OrdinaryShareClass1 2023-02-28 08420707 core:RetainedEarningsAccumulatedLosses 2023-02-28 08420707 core:ShareCapital 2023-02-28 08420707 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-02-28 08420707 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-02-28 08420707 core:CurrentFinancialInstruments 2023-02-28 08420707 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08420707 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 08420707 core:FurnitureFittings 2023-02-28 08420707 core:MotorVehicles 2023-02-28 08420707 core:OfficeEquipment 2023-02-28 08420707 core:PlantMachinery 2023-02-28 08420707 bus:SmallEntities 2022-03-01 2023-02-28 08420707 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08420707 bus:FullAccounts 2022-03-01 2023-02-28 08420707 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08420707 bus:RegisteredOffice 2022-03-01 2023-02-28 08420707 bus:Director1 2022-03-01 2023-02-28 08420707 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 08420707 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08420707 core:FurnitureFittings 2022-03-01 2023-02-28 08420707 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 08420707 core:MotorVehicles 2022-03-01 2023-02-28 08420707 core:OfficeEquipment 2022-03-01 2023-02-28 08420707 core:PlantMachinery 2022-03-01 2023-02-28 08420707 countries:EnglandWales 2022-03-01 2023-02-28 08420707 2022-02-28 08420707 core:FurnitureFittings 2022-02-28 08420707 core:MotorVehicles 2022-02-28 08420707 core:OfficeEquipment 2022-02-28 08420707 core:PlantMachinery 2022-02-28 08420707 2021-03-01 2022-02-28 08420707 2022-02-28 08420707 bus:OrdinaryShareClass1 2022-02-28 08420707 core:RetainedEarningsAccumulatedLosses 2022-02-28 08420707 core:ShareCapital 2022-02-28 08420707 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-02-28 08420707 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-02-28 08420707 core:CurrentFinancialInstruments 2022-02-28 08420707 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 08420707 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 08420707 core:FurnitureFittings 2022-02-28 08420707 core:MotorVehicles 2022-02-28 08420707 core:OfficeEquipment 2022-02-28 08420707 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08420707

Rowe Roofing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Rowe Roofing Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Rowe Roofing Limited

Company Information





 

Director




 

Mr Jason Rowe

Registered office





 

Unit 1 Reins Mill
Honley
Holmfirth
West Yorkshire
HD9 6NB

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Rowe Roofing Limited

Director's Report
for the Year Ended 28 February 2023

The director presents his report and the financial statements for the year ended 28 February 2023.

Director of the company

The director who held office during the year was as follows:

Mr Jason Rowe

Principal activity

The principal activity of the company is that of roofing contractors.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 October 2023
 

.........................................
Mr Jason Rowe
Director

 

Rowe Roofing Limited

(Registration number: 08420707 )
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,309

13,628

Current assets

 

Stocks

5

19,000

29,000

Debtors

6

78,678

71,334

Cash at bank and in hand

 

4,748

22,862

 

102,426

123,196

Creditors: Amounts falling due within one year

7

(99,380)

(94,405)

Net current assets

 

3,046

28,791

Total assets less current liabilities

 

13,355

42,419

Creditors: Amounts falling due after more than one year

7

-

(2,864)

Net assets

 

13,355

39,555

Capital and reserves

 

Called up share capital

8

1

1

Profit and loss account

13,354

39,554

Total equity

 

13,355

39,555

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 October 2023
 

 

Rowe Roofing Limited

(Registration number: 08420707 )
Balance Sheet as at 28 February 2023

.........................................
Mr Jason Rowe
Director

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Reins Mill
Honley
Holmfirth
West Yorkshire
HD9 6NB
England

These financial statements were authorised for issue by the director on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the net sales of goods, excluding value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and scaffolding

20% on reducing balance

Tools

20% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

20% 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2022 - 7).

4

Tangible assets

Tools
£

Plant and scaffolding
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 March 2022

2,400

8,000

1,017

27,244

At 28 February 2023

2,400

8,000

1,017

27,244

Depreciation

At 1 March 2022

2,078

6,926

670

15,359

Charge for the year

64

215

69

2,971

At 28 February 2023

2,142

7,141

739

18,330

Carrying amount

At 28 February 2023

258

859

278

8,914

At 28 February 2022

322

1,074

347

11,885

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

Total
£

Cost or valuation

At 1 March 2022

38,661

At 28 February 2023

38,661

Depreciation

At 1 March 2022

25,033

Charge for the year

3,319

At 28 February 2023

28,352

Carrying amount

At 28 February 2023

10,309

At 28 February 2022

13,628

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

5

Stocks

2023
£

2022
£

Other inventories

19,000

29,000

6

Debtors

2023
£

2022
£

Other debtors

78,678

71,334

78,678

71,334

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

34,504

45,389

Taxation and social security

 

34,010

41,069

Accruals and deferred income

 

6,965

1,380

Other creditors

 

23,901

6,567

 

99,380

94,405

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

-

2,864

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

2,864

 

Rowe Roofing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

422

1,919

Other borrowings

34,082

43,470

34,504

45,389

10

Related party transactions

Included in Debtors: Amounts falling due within one year is £23,755 (2022: £21,334) owed by Rowe Leisure Foods Limited and £50,000 (2022: £50,000) owed by Rowe Taverns Limited, companies under common ownership.