1 April 2022 false No description of principal activity Taxfiler 2023.10.1 08330241business:PrivateLimitedCompanyLtd2022-04-012023-03-31 083302412022-03-31 083302412022-04-012023-03-31 08330241business:AuditExemptWithAccountantsReport2022-04-012023-03-31 08330241business:FilletedAccounts2022-04-012023-03-31 083302412023-03-31 08330241business:Director12022-04-012023-03-31 08330241business:Director22022-04-012023-03-31 08330241business:Director32022-04-012023-03-31 08330241business:RegisteredOffice2022-04-012023-03-31 083302412022-03-31 08330241core:WithinOneYear2023-03-31 08330241core:WithinOneYear2022-03-31 08330241core:AfterOneYear2023-03-31 08330241core:AfterOneYear2022-03-31 08330241core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08330241core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 08330241core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08330241core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 08330241core:PreviouslyStatedAmount2023-03-31 08330241core:PreviouslyStatedAmount2022-03-31 08330241business:SmallEntities2022-04-012023-03-31 08330241countries:EnglandWales2022-04-012023-03-31 08330241core:PlantMachinery2022-04-012023-03-31 08330241core:PlantMachinery2022-03-31 08330241core:PlantMachinery2023-03-31 08330241core:WithinOneYear2022-04-012023-03-31 08330241core:AfterOneYear2022-04-012023-03-31 08330241core:BetweenOneFiveYears2023-03-31 08330241core:BetweenOneFiveYears2022-03-31 083302412021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08330241 (England and Wales)
ROOFSTORE (P&P) LIMITED Unaudited accounts for the year ended 31 March 2023
ROOFSTORE (P&P) LIMITED Unaudited accounts Contents
Page
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ROOFSTORE (P&P) LIMITED Company Information for the year ended 31 March 2023
Directors
Mrs P Whale Mr P Whale Mr J Whale
Company Number
08330241 (England and Wales)
Registered Office
ROOFSTORE (P&P) LIMITED RIVERWAY NEWPORT ISLE OF WIGHT PO30 5UX ENGLAND
Accountants
Isle of Wight Accountants Ltd Suite 3, Cemoc House Rectory Drive Wootton Bridge Isle of Wight PO33 4QQ
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ROOFSTORE (P&P) LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
217,259 
182,967 
Current assets
Inventories
660,425 
578,774 
Debtors
310,510 
523,251 
Cash at bank and in hand
635,292 
296,436 
1,606,227 
1,398,461 
Creditors: amounts falling due within one year
(686,170)
(757,061)
Net current assets
920,057 
641,400 
Total assets less current liabilities
1,137,316 
824,367 
Creditors: amounts falling due after more than one year
(38,727)
(58,384)
Provisions for liabilities
Deferred tax
(41,115)
(34,535)
Net assets
1,057,474 
731,448 
Capital and reserves
Called up share capital
180 
180 
Profit and loss account
1,057,294 
731,268 
Shareholders' funds
1,057,474 
731,448 
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 directors acknowledge their 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 of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Mrs P Whale Director Company Registration No. 08330241
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ROOFSTORE (P&P) LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
ROOFSTORE (P&P) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08330241. The registered office is ROOFSTORE (P&P) LIMITED, RIVERWAY, NEWPORT, ISLE OF WIGHT, PO30 5UX, ENGLAND.
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.
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.
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
10%, 20%, 25% and 33% - reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Financial instruments
Basic financial instruments are recognised at amortised cost.
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.
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ROOFSTORE (P&P) LIMITED Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
252,260 
Additions
64,712 
At 31 March 2023
316,972 
Depreciation
At 1 April 2022
69,293 
Charge for the year
30,420 
At 31 March 2023
99,713 
Net book value
At 31 March 2023
217,259 
At 31 March 2022
182,967 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
289,196 
400,421 
Other debtors
21,314 
122,830 
310,510 
523,251 
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ROOFSTORE (P&P) LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
329,069 
404,833 
Taxes and social security
137,015 
139,331 
Other creditors
210,086 
202,897 
686,170 
757,061 
A fixed and floating charge over the company's assets exists in respect of an overdraft facility. Other creditors includes amounts owed in relation to asset secured financing.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,666 
31,667 
Other creditors
17,061 
26,717 
38,727 
58,384 
Other creditors includes amounts owed in relation to asset secured financing.
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
82,380 
82,380 
Later than one year and not later than five years
61,785 
144,165 
144,165 
226,545 
9
Average number of employees
During the year the average number of employees was 14 (2022: 13).
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