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Registration number: 06909650

Rogers Building Supplies Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Rogers Building Supplies Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Rogers Building Supplies Limited

Company Information





 

Director




 

D Rogers

Registered office





 

T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Rogers Building Supplies Limited

Director's Report
for the Year Ended 31 May 2023

The director presents his report and the financial statements for the year ended 31 May 2023.

Director of the company

The director who held office during the year was as follows:

D Rogers

Principal activity

The principal activity of the company is that of supply of building materials.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 February 2024
 

.........................................
D Rogers
Director

 

Rogers Building Supplies Limited

(Registration number: 06909650 )
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

3,000

3,500

Tangible assets

5

14,452

21,060

 

17,452

24,560

Current assets

 

Stocks

6

18,535

18,175

Debtors

7

93,564

95,354

Cash at bank and in hand

 

-

11,122

 

112,099

124,651

Creditors: Amounts falling due within one year

8

(128,739)

(149,046)

Net current liabilities

 

(16,640)

(24,395)

Net assets

 

812

165

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

810

163

Shareholders' funds

 

812

165

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 February 2024
 

 

Rogers Building Supplies Limited

(Registration number: 06909650 )
Balance Sheet as at 31 May 2023

.........................................
D Rogers
Director

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

These financial statements were authorised for issue by the director on 19 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures,fittings and office equipment

20% on reducing balance

Plant and machinery

25% on reducing balance

Office at home

10% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

evenly over 20 years

Stocks

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

Borrowings

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2022

10,000

10,000

At 31 May 2023

10,000

10,000

Amortisation

At 1 June 2022

6,500

6,500

Amortisation charge

500

500

At 31 May 2023

7,000

7,000

Carrying amount

At 31 May 2023

3,000

3,000

At 31 May 2022

3,500

3,500

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

5

Tangible assets

Fixtures, fittings and
office equipment
£

Plant and machinery
£

Office at home
£

Motor vehicles
 £

Cost or valuation

At 1 June 2022

8,404

58

10,890

12,500

Additions

-

-

-

5,500

Disposals

-

-

-

(12,500)

At 31 May 2023

8,404

58

10,890

5,500

Depreciation

At 1 June 2022

6,519

58

1,090

3,125

Charge for the year

378

-

980

1,375

Eliminated on disposal

-

-

-

(3,125)

At 31 May 2023

6,897

58

2,070

1,375

Carrying amount

At 31 May 2023

1,507

-

8,820

4,125

At 31 May 2022

1,885

-

9,800

9,375

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

Total
£

Cost or valuation

At 1 June 2022

31,852

Additions

5,500

Disposals

(12,500)

At 31 May 2023

24,852

Depreciation

At 1 June 2022

10,792

Charge for the year

2,733

Eliminated on disposal

(3,125)

At 31 May 2023

10,400

Carrying amount

At 31 May 2023

14,452

At 31 May 2022

21,060

6

Stocks

2023
£

2022
£

Work in progress

15,975

16,250

Other inventories

2,560

1,925

18,535

18,175

7

Debtors

Current

2023
£

2022
£

Trade debtors

91,575

87,479

Other debtors

1,989

7,875

 

93,564

95,354

 

Rogers Building Supplies Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

32,968

40,471

Trade creditors

 

75,840

92,834

Taxation and social security

 

10,549

2,625

Accruals and deferred income

 

850

825

Other creditors

 

8,532

12,291

 

128,739

149,046

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

10

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

30,766

40,471

Bank overdrafts

2,202

-

32,968

40,471