Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-12-08truefalseroofing activities2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13788443 2021-12-07 13788443 2021-12-08 2022-12-31 13788443 2020-12-08 2021-12-07 13788443 2022-12-31 13788443 c:Director1 2021-12-08 2022-12-31 13788443 d:CurrentFinancialInstruments 2022-12-31 13788443 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13788443 d:ShareCapital 2022-12-31 13788443 d:RetainedEarningsAccumulatedLosses 2022-12-31 13788443 c:FRS102 2021-12-08 2022-12-31 13788443 c:AuditExempt-NoAccountantsReport 2021-12-08 2022-12-31 13788443 c:FullAccounts 2021-12-08 2022-12-31 13788443 c:PrivateLimitedCompanyLtd 2021-12-08 2022-12-31 13788443 e:PoundSterling 2021-12-08 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13788443









THE ROOFING GROUP LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
THE ROOFING GROUP LTD
REGISTERED NUMBER: 13788443

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

  

Current assets
  

Stocks
 4 
4,380

Debtors: amounts falling due within one year
 5 
51,474

Cash at bank and in hand
 6 
1,698

  
57,552

Creditors: amounts falling due within one year
 7 
(57,745)

Net current (liabilities)/assets
  
 
 
(193)

Net liabilities
  
(193)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(293)

  
(193)


Page 1

 
THE ROOFING GROUP LTD
REGISTERED NUMBER: 13788443
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 November 2023.




C Maher
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THE ROOFING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

The Roofing Group Ltd is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Unit 46 Highlands Farm, Southend Road, Rettendon Common, Chelmsford, Essex, England, CM3 8EB. The principal activity of the company was that of roofing activities. The company was incorporated and commenced trading on 8 December 2021.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
THE ROOFING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Stocks

Stocks are valued at the lower of cost and net realizable value after making due allowance for obsolete and slow-moving stocks. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
THE ROOFING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Stocks

2022
£

Finished goods and goods for resale
4,380



5.


Debtors

2022
£


Trade debtors
42,504

Other debtors
7,110

Prepayments and accrued income
1,860

51,474


Page 5

 
THE ROOFING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
1,698



7.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
55,917

Corporation tax
198

Other creditors
370

Accruals and deferred income
1,260

57,745



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £59. Contributions totalling £138 were payable to the fund at the balance sheet date and are included in creditors.

 
Page 6