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Company Registration No. 10237937 (England and Wales)
Duramet Roofing Limited Unaudited accounts for the year ended 31 March 2023
Duramet Roofing Limited Unaudited accounts Contents
Page
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Duramet Roofing Limited Company Information for the year ended 31 March 2023
Director
Ashley Gill
Company Number
10237937 (England and Wales)
Registered Office
2 Old Workhouse Drive South Molton EX36 3FW
Accountants
Westerly Accountancy Ltd 24 Orchard Road Wrafton Braunton EX33 2DZ
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Duramet Roofing Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,488 
58,442 
Current assets
Debtors
57,075 
34,407 
Cash at bank and in hand
81,271 
63,885 
138,346 
98,292 
Creditors: amounts falling due within one year
(88,176)
(28,475)
Net current assets
50,170 
69,817 
Total assets less current liabilities
108,658 
128,259 
Creditors: amounts falling due after more than one year
(34,259)
(39,815)
Provisions for liabilities
Deferred tax
(11,112)
(11,392)
Net assets
63,287 
77,052 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
63,187 
76,952 
Shareholders' funds
63,287 
77,052 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
Ashley Gill Director Company Registration No. 10237937
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Duramet Roofing Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Duramet Roofing Limited is a private company, limited by shares, registered in England and Wales, registration number 10237937. The registered office is 2 Old Workhouse Drive, South Molton, EX36 3FW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Duramet Roofing Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
13,669 
64,071 
1,378 
79,118 
Additions
- 
19,013 
- 
19,013 
At 31 March 2023
13,669 
83,084 
1,378 
98,131 
Depreciation
At 1 April 2022
4,282 
15,866 
528 
20,676 
Charge for the year
2,301 
16,408 
258 
18,967 
At 31 March 2023
6,583 
32,274 
786 
39,643 
Net book value
At 31 March 2023
7,086 
50,810 
592 
58,488 
At 31 March 2022
9,387 
48,205 
850 
58,442 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,873 
9,894 
Trade debtors
46,139 
19,278 
Accrued income and prepayments
7,042 
5,235 
Other debtors
21 
- 
57,075 
34,407 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
Trade creditors
7 
19,757 
Taxes and social security
7,185 
2,555 
Other creditors
411 
- 
Loans from directors
11,041 
607 
Accruals
63,976 
- 
88,176 
28,475 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,259 
39,815 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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