2022-03-01 04678652 2023-02-28 04678652 2022-03-01 2023-02-28 04678652 2022-02-28 04678652 2021-03-01 2022-02-28 04678652 uk-core:WithinOneYear 2022-02-28 04678652 uk-core:WithinOneYear 2023-02-28 04678652 uk-core:AfterOneYear 2022-02-28 04678652 uk-core:AfterOneYear 2023-02-28 04678652 uk-core:ShareCapital 2023-02-28 04678652 uk-core:ShareCapital 2022-02-28 04678652 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 04678652 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 04678652 uk-bus:Director1 2022-03-01 2023-02-28 04678652 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 04678652 uk-core:FurnitureFittings 2022-03-01 2023-02-28 04678652 uk-core:FurnitureFittings 2022-02-28 04678652 uk-core:CommercialMotorVehicles 2022-02-28 04678652 uk-core:Buildings 2022-02-28 04678652 uk-core:Buildings 2022-03-01 2023-02-28 04678652 uk-core:Buildings 2023-02-28 04678652 uk-core:CommercialMotorVehicles 2023-02-28 04678652 uk-core:FurnitureFittings 2023-02-28 04678652 uk-core:WithinOneYear uk-core:Secured 2023-02-28 04678652 uk-core:WithinOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 04678652 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04678652 uk-bus:FRS102 2022-03-01 2023-02-28 04678652 uk-bus:FullAccounts 2022-03-01 2023-02-28 04678652 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Jas Roofing Limited
Registered Number:04678652
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Jas Roofing Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04678652
As at 28 February 2023
Jas Roofing Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
340,316
350,201
2
340,316
350,201
Current assets
Inventories
15,275
17,750
3
Trade and other receivables
5,073
70,326
4
119,681
Cash and cash equivalents
221,373
309,449
140,029
Trade and other payables: amounts falling due within one
year
(148,555)
(347,556)
5
(8,526)
(38,107)
Net current liabilities
Total assets less current liabilities
302,209
341,675
Trade and other payables: amounts falling due after more
than one year
(164,237)
(141,941)
6
160,268
Net assets
177,438
Capital and reserves
Called up share capital
100
100
Retained earnings
160,168
177,338
160,268
177,438
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jaswinder Singh Grewal Director
These financial statements were approved and authorised for issue by the Board on 28 November 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 28 February 2023
Jas Roofing Limited
Notes to the Financial Statements
Statutory Information
Jas Roofing Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04678652.
Registered address:
Unit E & F OYO Business Units
Dagenham
Essex
RM9 6LN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25.00% Reducing balance
Motor vehicles
15.00% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2 of 4
5
For the year ended 28 February 2023
Jas Roofing Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 March 2022
518,297
27,240
178,025
313,032
1,847
1,847
-
-
Additions
At 28 February 2023
313,032
178,025
29,087
520,144
Provision for depreciation and impairment
At 01 March 2022
168,096
15,125
145,471
7,500
Charge for year
11,732
2,094
8,138
1,500
At 28 February 2023
179,828
17,219
153,609
9,000
At 28 February 2023
Net book value
304,032
24,416
11,868
340,316
At 28 February 2022
305,532
32,554
12,115
350,201
3. Inventories
2022
2023
£
£
Stocks
17,750
15,275
4. Trade and other receivables
2022
2023
£
£
Trade debtors
8,326
1,573
Other debtors
62,000
3,500
5,073
70,326
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
18,774
18,774
Trade creditors
161,974
74,396
Taxation and social security
58,333
39,394
Other creditors
108,475
15,991
347,556
148,555
3 of 4
6
For the year ended 28 February 2023
Jas Roofing Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
141,941
153,721
Other creditors
-
10,516
141,941
164,237
7. Average number of persons employed
During the year the average number of employees was 8 (2022 : 9)
4 of 4