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REGISTERED NUMBER: 07826210 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

PREMIER ROOFING SYSTEMS LIMITED

PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER ROOFING SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: RP Monaghan
A E Daker
T G Wheeler





REGISTERED OFFICE: Roofing House
Unit F, 6 Earlstree Court
Earlstree Road
Corby
Northamptonshire
NN17 4AX





REGISTERED NUMBER: 07826210 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 470,809 269,534

CURRENT ASSETS
Stocks 139,034 68,429
Debtors 5 4,438,149 2,963,416
Cash at bank and in hand 3,740,898 2,127,309
8,318,081 5,159,154
CREDITORS
Amounts falling due within one year 6 2,580,424 1,815,879
NET CURRENT ASSETS 5,737,657 3,343,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,208,466

3,612,809

CREDITORS
Amounts falling due after more than one
year

7

(149,437

)

(24,334

)

PROVISIONS FOR LIABILITIES (54,786 ) (32,533 )
NET ASSETS 6,004,243 3,555,942

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,004,143 3,555,842
SHAREHOLDERS' FUNDS 6,004,243 3,555,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

BALANCE SHEET - continued
30TH NOVEMBER 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 23rd February 2024 and were signed on its behalf by:





RP Monaghan - Director


PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Premier Roofing Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 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.

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.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 9 ) .

PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 46,594 13,082 412,494 2,807 474,977
Additions 12,615 4,945 300,794 7,169 325,523
Disposals (5,314 ) - (73,634 ) (1,200 ) (80,148 )
At 30th November 2023 53,895 18,027 639,654 8,776 720,352
DEPRECIATION
At 1st December 2022 24,443 4,117 175,434 1,449 205,443
Charge for year 6,006 1,783 93,088 1,870 102,747
Eliminated on disposal (4,554 ) - (52,893 ) (1,200 ) (58,647 )
At 30th November 2023 25,895 5,900 215,629 2,119 249,543
NET BOOK VALUE
At 30th November 2023 28,000 12,127 424,025 6,657 470,809
At 30th November 2022 22,151 8,965 237,060 1,358 269,534

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st December 2022 208,145
Additions 292,625
Transfer to ownership (33,999 )
At 30th November 2023 466,771
DEPRECIATION
At 1st December 2022 57,249
Charge for year 71,207
Transfer to ownership (17,265 )
At 30th November 2023 111,191
NET BOOK VALUE
At 30th November 2023 355,580
At 30th November 2022 150,896

PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,379,289 2,082,765
Amounts owed by group undertakings 47,054 47,231
Other debtors 1,011,806 833,420
4,438,149 2,963,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 67,504 43,517
Trade creditors 1,147,769 907,297
Taxation and social security 1,340,912 847,796
Other creditors 24,239 17,269
2,580,424 1,815,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 149,437 24,334

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 67,504 43,517
Between one and five years 149,437 24,334
216,941 67,851

PREMIER ROOFING SYSTEMS LIMITED (REGISTERED NUMBER: 07826210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 11,268 16,647
Between one and five years 20,128 30,860
31,396 47,507

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.