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REGISTERED NUMBER: 10024308 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WEST WALES FLAT ROOFING LIMITED

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST WALES FLAT ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M W Griffiths
Mrs L J Griffiths





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 10024308 (England and Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 5,500
Tangible assets 5 16,155 21,643
21,155 27,143

CURRENT ASSETS
Stocks 6 2,750 2,500
Debtors 7 20,485 2,223
Cash at bank 2,817 26,460
26,052 31,183
CREDITORS
Amounts falling due within one year 8 27,389 29,808
NET CURRENT (LIABILITIES)/ASSETS (1,337 ) 1,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,818

28,518

CREDITORS
Amounts falling due after more than one year 9 9,891 14,683
NET ASSETS 9,927 13,835

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 9,827 13,735
SHAREHOLDERS' FUNDS 9,927 13,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




M W Griffiths - Director



Mrs L J Griffiths - Director


WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

West Wales Flat Roofing Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022 4,500
Amortisation for year 500
At 28 February 2023 5,000
NET BOOK VALUE
At 28 February 2023 5,000
At 28 February 2022 5,500

5. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 986 742 34,618 1,192 37,538
DEPRECIATION
At 1 March 2022 722 463 13,768 942 15,895
Charge for year 53 56 5,213 166 5,488
At 28 February 2023 775 519 18,981 1,108 21,383
NET BOOK VALUE
At 28 February 2023 211 223 15,637 84 16,155
At 28 February 2022 264 279 20,850 250 21,643

6. STOCKS
2023 2022
£    £   
Stocks 2,750 2,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,423 300
VAT - 857
Prepayments 1,062 1,066
20,485 2,223

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,792 4,441
Trade creditors 11,450 11,123
Corporation tax 4,800 8,217
CIS 1,000 -
VAT 841 -
Other creditors 497 2,244
Commercial card - 1,078
Directors' current accounts 2,311 2,705
Accrued expenses 1,698 -
27,389 29,808

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,891 14,683

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
75 A Ordinary £1.00 75 75
25 B Ordinary £1.00 25 25
100 100

11. RESERVES
Retained
earnings
£   

At 1 March 2022 13,735
Profit for the year 14,342
Dividends (18,250 )
At 28 February 2023 9,827