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REGISTERED NUMBER: 07709142 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MYERS ROOFING (NW) LTD

MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYERS ROOFING (NW) LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: Mrs M Myers
D Myers





REGISTERED OFFICE: Edward House
North Mersey Business Centre
Woodward Road
Liverpool
L33 7UY





REGISTERED NUMBER: 07709142 (England and Wales)





ACCOUNTANTS: Williamson Croft (Liverpool) Limited
Chartered Certified Accountants
Edward House
North Mersey Business Centre
Knowsley Industrial Park
Liverpool
Merseyside
L33 7UY

MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,034 183,783

CURRENT ASSETS
Stocks 53,000 32,000
Debtors 5 318,510 250,711
Cash at bank 101,409 90,015
472,919 372,726
CREDITORS
Amounts falling due within one year 6 413,167 253,600
NET CURRENT ASSETS 59,752 119,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,786

302,909

CREDITORS
Amounts falling due after more than one year 7 167,262 254,697
NET ASSETS 105,524 48,212

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 105,522 48,210
105,524 48,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

BALANCE SHEET - continued
31 July 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 15 February 2024 and were signed on its behalf by:





D Myers - Director


MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Myers Roofing (NW) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc. - at variable rates 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 19 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc.
£   
COST
At 1 August 2022 511,919
Additions 83,709
At 31 July 2023 595,628
DEPRECIATION
At 1 August 2022 328,136
Charge for year 54,458
At 31 July 2023 382,594
NET BOOK VALUE
At 31 July 2023 213,034
At 31 July 2022 183,783

MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc.
£   
COST
At 1 August 2022
and 31 July 2023 275,978
DEPRECIATION
At 1 August 2022 167,617
Charge for year 27,090
At 31 July 2023 194,707
NET BOOK VALUE
At 31 July 2023 81,271
At 31 July 2022 108,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 178,676 163,130
Amounts recoverable on contract 56,000 22,000
Other debtors 83,834 65,581
318,510 250,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 70,541 65,208
Hire purchase contracts 56,669 63,512
Trade creditors 52,762 54,969
Taxation and social security 53,960 53,502
Other creditors 179,235 16,409
413,167 253,600

MYERS ROOFING (NW) LTD (REGISTERED NUMBER: 07709142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 121,000 174,091
Hire purchase contracts 46,262 80,606
167,262 254,697

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
D Myers and Mrs M Myers
Balance outstanding at start of year - -
Amounts advanced 71,547 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,547 -

Interest is paid on the advance at a rate of 2.00% per annum for the financial year.