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REGISTERED NUMBER: 05056745 (England and Wales)















Unaudited Financial Statements For The Year Ended 28 February 2023

for

Hestwey Roofing Ltd

Hestwey Roofing Ltd (Registered number: 05056745)

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


Hestwey Roofing Ltd

Company Information
For The Year Ended 28 February 2023







DIRECTORS: B F Bunce
Mrs J Bunce





SECRETARY: Mrs J Bunce





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 05056745 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Hestwey Roofing Ltd (Registered number: 05056745)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 23,268 29,085
23,268 31,085

CURRENT ASSETS
Debtors 6 7,710 9,686
Cash at bank and in hand 318,000 215,480
325,710 225,166
CREDITORS
Amounts falling due within one year 7 84,774 54,543
NET CURRENT ASSETS 240,936 170,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,204

201,708

CREDITORS
Amounts falling due after more than
one year

8

22,736

28,454
NET ASSETS 241,468 173,254

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 241,366 173,152
SHAREHOLDERS' FUNDS 241,468 173,254

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.

Hestwey Roofing Ltd (Registered number: 05056745)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




B F Bunce - Director



Mrs J Bunce - Director


Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

Hestwey Roofing Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 20,000
AMORTISATION
At 1 March 2022 18,000
Charge for year 2,000
At 28 February 2023 20,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 2,000

Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 12,737 53,049 1,746 67,532
DEPRECIATION
At 1 March 2022 11,027 25,986 1,434 38,447
Charge for year 342 5,413 62 5,817
At 28 February 2023 11,369 31,399 1,496 44,264
NET BOOK VALUE
At 28 February 2023 1,368 21,650 250 23,268
At 28 February 2022 1,710 27,063 312 29,085

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 7,710 9,686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 10,361 2,667
Taxation and social security 69,996 47,568
Other creditors 4,417 4,308
84,774 54,543

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans 22,736 28,454