CT Industrial Roofing & Cladding Limited 10142346 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Roofing Activities Digita Accounts Production Advanced 6.30.9574.0 true true 10142346 2022-04-01 2023-03-31 10142346 2023-03-31 10142346 bus:OrdinaryShareClass1 2023-03-31 10142346 bus:Original 2023-03-31 10142346 core:CurrentFinancialInstruments 2023-03-31 10142346 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10142346 core:FurnitureFittingsToolsEquipment 2023-03-31 10142346 core:MotorVehicles 2023-03-31 10142346 core:OtherPropertyPlantEquipment 2023-03-31 10142346 bus:SmallEntities 2022-04-01 2023-03-31 10142346 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10142346 bus:FullAccounts 2022-04-01 2023-03-31 10142346 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10142346 bus:RegisteredOffice 2022-04-01 2023-03-31 10142346 bus:Director1 2022-04-01 2023-03-31 10142346 bus:Director2 2022-04-01 2023-03-31 10142346 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10142346 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10142346 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 10142346 core:MotorVehicles 2022-04-01 2023-03-31 10142346 core:OfficeEquipment 2022-04-01 2023-03-31 10142346 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 10142346 core:ToolsEquipment 2022-04-01 2023-03-31 10142346 countries:EnglandWales 2022-04-01 2023-03-31 10142346 2022-03-31 10142346 core:FurnitureFittingsToolsEquipment 2022-03-31 10142346 core:MotorVehicles 2022-03-31 10142346 core:OtherPropertyPlantEquipment 2022-03-31 10142346 2021-05-01 2022-03-31 10142346 2022-03-31 10142346 bus:OrdinaryShareClass1 2022-03-31 10142346 core:CurrentFinancialInstruments 2022-03-31 10142346 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10142346 core:FurnitureFittingsToolsEquipment 2022-03-31 10142346 core:MotorVehicles 2022-03-31 10142346 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10142346

CT Industrial Roofing & Cladding Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

CT Industrial Roofing & Cladding Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

CT Industrial Roofing & Cladding Limited

Company Information

Directors

Mrs Carolyne Tivey

Mr Christopher Tivey

Registered office

70 Plummer Road
Newhall
Swadlincote
Derbyshire, England and Wales
DE11 0QX

Accountants

Mr Satraj Suman ACMA
21 Babors Field
Bilston
Wolverhampton
West Midlands
WV14 9XS

 

CT Industrial Roofing & Cladding Limited

(Registration number: 10142346)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

29,472

4,621

Current assets

 

Debtors

5

7,770

8,216

Cash at bank and in hand

 

21,230

15,022

 

29,000

23,238

Creditors: Amounts falling due within one year

6

(6,830)

(14,148)

Net current assets

 

22,170

9,090

Net assets

 

51,642

13,711

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

51,640

13,709

Shareholders' funds

 

51,642

13,711

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2023 and signed on its behalf by:
 

.........................................
Mr Christopher Tivey
Director

 

CT Industrial Roofing & Cladding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
70 Plummer Road
Newhall
Swadlincote
Derbyshire, England and Wales
DE11 0QX
England and Wales

These financial statements were authorised for issue by the Board on 12 November 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

CT Industrial Roofing & Cladding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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

Motor Vehicles

Straightline 25%

Tools and Equipment

Reducing Balance 20%

Office Equipment

Reducing Balance 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

CT Industrial Roofing & Cladding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

CT Industrial Roofing & Cladding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

1,337

19,390

1,785

22,512

Additions

1,386

26,457

518

28,361

At 31 March 2023

2,723

45,847

2,303

50,873

Depreciation

At 1 April 2022

816

17,891

570

19,277

Charge for the year

382

1,499

243

2,124

At 31 March 2023

1,198

19,390

813

21,401

Carrying amount

At 31 March 2023

1,525

26,457

1,490

29,472

At 31 March 2022

1,907

1,499

1,215

4,621

5

Debtors

Current

2023
£

2022
£

Trade debtors

7,770

8,216

 

7,770

8,216

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

6,831

14,148

Other creditors

(1)

-

6,830

14,148

7

Share capital

Allotted, called up and fully paid shares

 

CT Industrial Roofing & Cladding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

         

8

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of 23,711.06 (2022 - 18,330.00) per each Ordinary Shares

 

47,422

 

36,660

         

9

Related party transactions

 

CT Industrial Roofing & Cladding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,096

8,840