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REGISTERED NUMBER: SC439302 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JEL ROOFING LIMITED

JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)






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


JEL ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: E Leonard





REGISTERED OFFICE: 53 Snaefell Avenue
Rutherglen
Glasgow
Lanarkshire
G73 5BL





REGISTERED NUMBER: SC439302 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,709 55,121

CURRENT ASSETS
Debtors 5 31,799 53,749
Cash at bank 22,357 42,315
54,156 96,064
CREDITORS
Amounts falling due within one year 6 46,247 66,097
NET CURRENT ASSETS 7,909 29,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,618

85,088

CREDITORS
Amounts falling due after more than one
year

7

(18,267

)

(54,024

)

PROVISIONS FOR LIABILITIES 8 (4,315 ) (4,394 )
NET ASSETS 8,036 26,670

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8,035 26,669
SHAREHOLDERS' FUNDS 8,036 26,670

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.

JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)

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 23 May 2023 and were signed by:





E Leonard - Director


JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)

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

1. STATUTORY INFORMATION

JEL Roofing Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Motor vehicles - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 374 165 144,722 8,601 153,862
Additions 458 - - 237 695
Disposals (16 ) - (100,689 ) (5,290 ) (105,995 )
At 31 March 2023 816 165 44,033 3,548 48,562
DEPRECIATION
At 1 April 2022 357 164 91,527 6,693 98,741
Charge for year 10 - 20,288 1,234 21,532
Eliminated on disposal - - (89,135 ) (5,285 ) (94,420 )
At 31 March 2023 367 164 22,680 2,642 25,853
NET BOOK VALUE
At 31 March 2023 449 1 21,353 906 22,709
At 31 March 2022 17 1 53,195 1,908 55,121

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 144,722
Disposals (100,689 )
At 31 March 2023 44,033
DEPRECIATION
At 1 April 2022 91,527
Charge for year 20,288
Eliminated on disposal (89,135 )
At 31 March 2023 22,680
NET BOOK VALUE
At 31 March 2023 21,353
At 31 March 2022 53,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 28,523 29,296
Directors' current accounts - 16,553
VAT 3,276 7,900
31,799 53,749

JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)

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
£    £   
Bank loans and overdrafts 8,539 5,000
Hire purchase contracts 13,848 24,903
Trade creditors 3,824 15,012
Corporation tax 23,437 11,130
Payroll taxation (10,122 ) (6,544 )
Wages control (3,185 ) -
Directors' current accounts 626 -
Accrued charges 9,280 16,596
46,247 66,097

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 6,000 5,000
Bank loans - 2-5 years 7,000 15,000
Hire purchase contracts 5,267 34,024
18,267 54,024

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 4,315 4,394

Deferred
tax
£   
Balance at 1 April 2022 4,394
Provided during year (79 )
Balance at 31 March 2023 4,315

9. 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
£    £   
E Leonard
Balance outstanding at start of year 16,553 29,502
Amounts advanced - 16,553
Amounts repaid (16,553 ) (29,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 16,553

The overdrawn director's loan account was repaid in full by the date of signing the accounts.

JEL ROOFING LIMITED (REGISTERED NUMBER: SC439302)

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is E Leonard.