Registered number
10178945
D MORLEY ROOFING LTD
Unaudited Filleted Accounts
30 September 2023
D MORLEY ROOFING LTD
Registered number: 10178945
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 3,000 4,000
Current assets
Debtors 4 26,229 33,697
Cash at bank and in hand 10,790 13,891
37,019 47,588
Creditors: amounts falling due within one year 5 (27,171) (27,885)
Net current assets 9,848 19,703
Total assets less current liabilities 12,848 23,703
Creditors: amounts falling due after more than one year 6 (11,407) (14,885)
Net assets 1,441 8,818
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,440 8,817
Shareholder's funds 1,441 8,818
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Morley
Director
Approved by the board on 15 April 2024
D MORLEY ROOFING LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 10,000
At 30 September 2023 10,000
Amortisation
At 1 October 2022 6,000
Provided during the year 1,000
At 30 September 2023 7,000
Net book value
At 30 September 2023 3,000
At 30 September 2022 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2023 2022
£ £
Other debtors 26,229 33,697
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,920 6,201
Taxation and social security costs 21,399 20,906
Other creditors 852 778
27,171 27,885
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,407 14,885
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dominic Morley
[Loan 1] 27,598 56,026 (64,621) 19,003
27,598 56,026 (64,621) 19,003
8 Other information
D MORLEY ROOFING LTD is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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