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REGISTERED NUMBER: 04841305 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Gary Stoward Roofing Services Limited

Gary Stoward Roofing Services Limited (Registered number: 04841305)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gary Stoward Roofing Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: G J Stoward





SECRETARY: Peter Hodgson & Co





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 04841305 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Gary Stoward Roofing Services Limited (Registered number: 04841305)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,688 3,585

CURRENT ASSETS
Debtors 5 16,558 46,678

CREDITORS
Amounts falling due within one year 6 28,475 37,974
NET CURRENT (LIABILITIES)/ASSETS (11,917 ) 8,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,229

)

12,289

CREDITORS
Amounts falling due after more than one
year

7

(7,391

)

(11,296

)

PROVISIONS FOR LIABILITIES 8 (518 ) (681 )
NET (LIABILITIES)/ASSETS (17,138 ) 312

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (17,238 ) 212
SHAREHOLDERS' FUNDS (17,138 ) 312

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 director acknowledges his 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.

Gary Stoward Roofing Services Limited (Registered number: 04841305)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:





G J Stoward - Director


Gary Stoward Roofing Services Limited (Registered number: 04841305)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Gary Stoward Roofing Services 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue 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.
Tools & equipment - 25% on reducing balance
Motor vehicles - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The functional currency used by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Gary Stoward Roofing Services Limited (Registered number: 04841305)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. PROPERTY, PLANT AND EQUIPMENT
Tools & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 8,198 12,200 20,398
DEPRECIATION
At 1 August 2022 8,044 8,769 16,813
Charge for year 39 858 897
At 31 July 2023 8,083 9,627 17,710
NET BOOK VALUE
At 31 July 2023 115 2,573 2,688
At 31 July 2022 154 3,431 3,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
S455 Tax 10,814 10,814
Loan 5,000 5,000
Directors' current accounts - 30,864
VAT 744 -
16,558 46,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,306 23,326
Tax 1,524 12,497
Directors' current accounts 2,396 -
Other creditors & accruals 2,249 2,151
28,475 37,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan > 1 year 7,391 11,296

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 518 681

Gary Stoward Roofing Services Limited (Registered number: 04841305)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 681
Provided during year (163 )
Accelerated capital allowances
Balance at 31 July 2023 518

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2022 212
Deficit for the year (17,450 )
At 31 July 2023 (17,238 )