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REGISTERED NUMBER: 08108927 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Cadman & Townrow Roofing Specialists Ltd

Cadman & Townrow Roofing Specialists Ltd (Registered number: 08108927)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cadman & Townrow Roofing Specialists Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr D Cadman
Mr L Townrow





REGISTERED OFFICE: 16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: 08108927 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Cadman & Townrow Roofing Specialists Ltd (Registered number: 08108927)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,972 3,211
20,972 3,211

CURRENT ASSETS
Stocks 1,200 1,859
Debtors 6 6,080 45,864
Cash at bank 56,091 37,726
63,371 85,449
CREDITORS
Amounts falling due within one year 7 80,033 60,858
NET CURRENT (LIABILITIES)/ASSETS (16,662 ) 24,591
TOTAL ASSETS LESS CURRENT LIABILITIES 4,310 27,802

CREDITORS
Amounts falling due after more than one
year

8

(9,430

)

(14,175

)

PROVISIONS FOR LIABILITIES 9 (3,986 ) (610 )
NET (LIABILITIES)/ASSETS (9,106 ) 13,017

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (9,108 ) 13,015
SHAREHOLDERS' FUNDS (9,106 ) 13,017

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Cadman & Townrow Roofing Specialists Ltd (Registered number: 08108927)

Balance Sheet - continued
30 June 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 15 August 2023 and were signed on its behalf by:




Mr D Cadman - Director



Mr L Townrow - Director


Cadman & Townrow Roofing Specialists Ltd (Registered number: 08108927)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Cadman & Townrow Roofing Specialists 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Cadman & Townrow Roofing Specialists Ltd (Registered number: 08108927)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company meets its day to day working capital requirements through monies introduced by the director. The director will continue to provide funds as they are required by the company to meet its day to day requirements. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 33,436
AMORTISATION
At 1 July 2022
and 30 June 2023 33,436
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 18,064
Additions 24,750
At 30 June 2023 42,814
DEPRECIATION
At 1 July 2022 14,853
Charge for year 6,989
At 30 June 2023 21,842
NET BOOK VALUE
At 30 June 2023 20,972
At 30 June 2022 3,211

Cadman & Townrow Roofing Specialists Ltd (Registered number: 08108927)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 26,824
Other debtors 6,080 19,040
6,080 45,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,324 5,324
Trade creditors 3,888 -
Taxation and social security 7,862 25,530
Other creditors 62,959 30,004
80,033 60,858

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,430 14,175

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,986 610

Deferred
tax
£   
Balance at 1 July 2022 610
Provided during year 3,376
Profit and loss
Balance at 30 June 2023 3,986

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr D Cadman
Balance outstanding at start of year - 465
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -