Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr J J Hennessey 07/06/2016 16 November 2023 The principal activity of the Company during the financial year was that of roofing contractors. 10218855 2023-03-31 10218855 bus:Director1 2023-03-31 10218855 2022-03-31 10218855 core:CurrentFinancialInstruments 2023-03-31 10218855 core:CurrentFinancialInstruments 2022-03-31 10218855 core:Non-currentFinancialInstruments 2023-03-31 10218855 core:Non-currentFinancialInstruments 2022-03-31 10218855 core:ShareCapital 2023-03-31 10218855 core:ShareCapital 2022-03-31 10218855 core:RetainedEarningsAccumulatedLosses 2023-03-31 10218855 core:RetainedEarningsAccumulatedLosses 2022-03-31 10218855 core:Goodwill 2022-03-31 10218855 core:Goodwill 2023-03-31 10218855 core:PlantMachinery 2022-03-31 10218855 core:Vehicles 2022-03-31 10218855 core:PlantMachinery 2023-03-31 10218855 core:Vehicles 2023-03-31 10218855 core:CurrentFinancialInstruments 10 2023-03-31 10218855 core:CurrentFinancialInstruments 10 2022-03-31 10218855 core:MoreThanFiveYears 2023-03-31 10218855 core:MoreThanFiveYears 2022-03-31 10218855 2022-04-01 2023-03-31 10218855 bus:FullAccounts 2022-04-01 2023-03-31 10218855 bus:SmallEntities 2022-04-01 2023-03-31 10218855 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10218855 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10218855 bus:Director1 2022-04-01 2023-03-31 10218855 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 10218855 core:PlantMachinery 2022-04-01 2023-03-31 10218855 core:Vehicles 2022-04-01 2023-03-31 10218855 2021-04-01 2022-03-31 10218855 core:Goodwill 2022-04-01 2023-03-31 10218855 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 10218855 (England and Wales)

HENNESSEY ROOFING & CLADDING LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

HENNESSEY ROOFING & CLADDING LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

HENNESSEY ROOFING & CLADDING LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
HENNESSEY ROOFING & CLADDING LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Mr J J Hennessey
REGISTERED OFFICE Leanne House
6 Avon Close
Weymouth
DT4 9UX
United Kingdom
COMPANY NUMBER 10218855 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Leanne House
6 Avon Close
Weymouth
Dorset
DT4 9UX
HENNESSEY ROOFING & CLADDING LTD

BALANCE SHEET

As at 31 March 2023
HENNESSEY ROOFING & CLADDING LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 4,225 5,525
Tangible assets 4 6,911 8,639
11,136 14,164
Current assets
Stocks 5 0 750
Debtors 6 8,639 25,306
Cash at bank and in hand 66,922 72,420
75,561 98,476
Creditors: amounts falling due within one year 7 ( 9,409) ( 14,286)
Net current assets 66,152 84,190
Total assets less current liabilities 77,288 98,354
Creditors: amounts falling due after more than one year 8 ( 36,119) ( 41,667)
Provision for liabilities 9 ( 820) ( 1,127)
Net assets 40,349 55,560
Capital and reserves
Called-up share capital 5 5
Profit and loss account 40,344 55,555
Total shareholder's funds 40,349 55,560

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.

Director's responsibilities:

The financial statements of Hennessey Roofing & Cladding Ltd (registered number: 10218855) were approved and authorised for issue by the Director on 16 November 2023. They were signed on its behalf by:

Mr J J Hennessey
Director
HENNESSEY ROOFING & CLADDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
HENNESSEY ROOFING & CLADDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hennessey Roofing & Cladding Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 13,000 13,000
At 31 March 2023 13,000 13,000
Accumulated amortisation
At 01 April 2022 7,475 7,475
Charge for the financial year 1,300 1,300
At 31 March 2023 8,775 8,775
Net book value
At 31 March 2023 4,225 4,225
At 31 March 2022 5,525 5,525

4. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2022 12,963 9,376 22,339
At 31 March 2023 12,963 9,376 22,339
Accumulated depreciation
At 01 April 2022 8,405 5,295 13,700
Charge for the financial year 912 816 1,728
At 31 March 2023 9,317 6,111 15,428
Net book value
At 31 March 2023 3,646 3,265 6,911
At 31 March 2022 4,558 4,081 8,639

5. Stocks

2023 2022
£ £
Work in progress 0 750

6. Debtors

2023 2022
£ £
Trade debtors 532 2,736
Corporation tax 131 0
Other taxation and social security 7,410 22,570
Other debtors 566 0
8,639 25,306

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,547 5,556
Trade creditors 1,954 98
Taxation and social security 38 1,543
Other creditors 1,870 7,089
9,409 14,286

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 36,119 41,667

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2023 2022
£ £
Bank loans (repayable by instalments) 12,491 19,907

9. Provision for liabilities

2023 2022
£ £
Deferred tax 820 1,127

10. Related party transactions

Transactions with the entity's director

2023 2022
£ £
The loan is interest free and repayable on demand. 542 4,957