IRIS Accounts Production v23.2.0.158 07962341 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079623412022-03-31079623412023-03-31079623412022-04-012023-03-31079623412021-03-31079623412021-04-012022-03-31079623412022-03-3107962341ns10:Originalns15:EnglandWales2022-04-012023-03-3107962341ns14:PoundSterlingns10:Original2022-04-012023-03-3107962341ns10:Originalns10:Director12022-04-012023-03-3107962341ns10:Original2022-04-012023-03-3107962341ns10:Original2023-03-3107962341ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107962341ns10:Originalns10:SmallEntities2022-04-012023-03-3107962341ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107962341ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107962341ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107962341ns10:Originalns10:FullAccounts2022-04-012023-03-3107962341ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3107962341ns10:CompanySecretary1ns10:Original2022-04-012023-03-3107962341ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107962341ns10:Original2022-03-3107962341ns10:Originalns5:CurrentFinancialInstruments2023-03-3107962341ns10:Originalns5:CurrentFinancialInstruments2022-03-3107962341ns5:ShareCapitalns10:Original2023-03-3107962341ns5:ShareCapitalns10:Original2022-03-3107962341ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107962341ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107962341ns10:Original2021-04-012022-03-3107962341ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-3107962341ns10:Originalns5:PlantMachinery2022-03-3107962341ns10:Originalns5:FurnitureFittings2022-03-3107962341ns10:Original2022-03-3107962341ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-04-012023-03-3107962341ns10:Originalns5:PlantMachinery2022-04-012023-03-3107962341ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107962341ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3107962341ns10:Originalns5:PlantMachinery2023-03-3107962341ns10:Originalns5:FurnitureFittings2023-03-3107962341ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-3107962341ns10:Originalns5:PlantMachinery2022-03-3107962341ns10:Originalns5:FurnitureFittings2022-03-3107962341ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107962341ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107962341ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-3107962341ns10:Originalns10:OrdinaryShareClass12023-03-3107962341ns10:Original1ns10:Director12022-03-3107962341ns10:Original1ns10:Director12021-03-3107962341ns10:Original1ns10:Director12022-04-012023-03-3107962341ns10:Original1ns10:Director12021-04-012022-03-3107962341ns10:Original1ns10:Director12023-03-3107962341ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 07962341 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THAMESIDE ROOFING LTD

THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THAMESIDE ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: John White





SECRETARY: Mrs Carole Greaves-White





REGISTERED OFFICE: 364 - 368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY





REGISTERED NUMBER: 07962341 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,292 9,385

CURRENT ASSETS
Debtors 5 550,754 1,422,219
Cash at bank 1,843,479 1,486,459
2,394,233 2,908,678
CREDITORS
Amounts falling due within one year 6 767,715 499,547
NET CURRENT ASSETS 1,626,518 2,409,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,653,810

2,418,516

PROVISIONS FOR LIABILITIES 2,460 2,460
NET ASSETS 1,651,350 2,416,056

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,651,250 2,415,956
SHAREHOLDERS' FUNDS 1,651,350 2,416,056

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 director acknowledges his 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.

THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 3 November 2023 and were signed by:





John White - Director


THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Thameside Roofing Ltd 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 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 stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:

Plant and Machinery - 25% Straight Line

Furniture & Fixture - 25% Straight Line.



The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.


THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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 7 (2022 - 7 ) .

THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022 2,289 37,229 5,676 45,194
Additions - 29,426 - 29,426
At 31 March 2023 2,289 66,655 5,676 74,620
DEPRECIATION
At 1 April 2022 570 29,820 5,419 35,809
Charge for year 114 11,148 257 11,519
At 31 March 2023 684 40,968 5,676 47,328
NET BOOK VALUE
At 31 March 2023 1,605 25,687 - 27,292
At 31 March 2022 1,719 7,409 257 9,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 522,449 425,817
Other debtors 5,667 983,079
Prepayments and accrued income 22,638 13,323
550,754 1,422,219

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

THAMESIDE ROOFING LTD (REGISTERED NUMBER: 07962341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 502,820 359,878
Tax 97,521 -
Social security and other taxes 21,891 28,925
VAT 21,438 103,477
Other creditors 119,684 2,994
Accrued expenses 4,361 4,273
767,715 499,547

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary shares 1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
John White
Balance outstanding at start of year (1,933 ) (29,978 )
Amounts advanced 100,289 98,963
Amounts repaid (98,356 ) (70,918 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,933 )