IRIS Accounts Production v24.1.0.578 07087569 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070875692022-11-30070875692023-11-30070875692022-12-012023-11-30070875692021-11-30070875692021-12-012022-11-30070875692022-11-3007087569ns15:EnglandWales2022-12-012023-11-3007087569ns14:PoundSterling2022-12-012023-11-3007087569ns10:Director12022-12-012023-11-3007087569ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007087569ns10:SmallEntities2022-12-012023-11-3007087569ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007087569ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007087569ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007087569ns10:FullAccounts2022-12-012023-11-3007087569ns10:Director22022-12-012023-11-3007087569ns10:Director32022-12-012023-11-3007087569ns10:CompanySecretary12022-12-012023-11-3007087569ns10:RegisteredOffice2022-12-012023-11-3007087569ns5:CurrentFinancialInstruments2023-11-3007087569ns5:CurrentFinancialInstruments2022-11-3007087569ns5:Non-currentFinancialInstruments2023-11-3007087569ns5:Non-currentFinancialInstruments2022-11-3007087569ns5:ShareCapital2023-11-3007087569ns5:ShareCapital2022-11-3007087569ns5:RetainedEarningsAccumulatedLosses2023-11-3007087569ns5:RetainedEarningsAccumulatedLosses2022-11-3007087569ns5:PlantMachinery2022-12-012023-11-3007087569ns5:FurnitureFittings2022-12-012023-11-3007087569ns5:MotorVehicles2022-12-012023-11-3007087569ns5:ComputerEquipment2022-12-012023-11-3007087569ns5:PlantMachinery2022-11-3007087569ns5:FurnitureFittings2022-11-3007087569ns5:MotorVehicles2022-11-3007087569ns5:ComputerEquipment2022-11-3007087569ns5:PlantMachinery2023-11-3007087569ns5:FurnitureFittings2023-11-3007087569ns5:MotorVehicles2023-11-3007087569ns5:ComputerEquipment2023-11-3007087569ns5:PlantMachinery2022-11-3007087569ns5:FurnitureFittings2022-11-3007087569ns5:MotorVehicles2022-11-3007087569ns5:ComputerEquipment2022-11-3007087569ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3007087569ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3007087569ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3007087569ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3007087569ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007087569ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30070875691ns10:Director12022-11-30070875691ns10:Director12021-11-30070875691ns10:Director12022-12-012023-11-30070875691ns10:Director12021-12-012022-11-30070875691ns10:Director12023-11-30070875691ns10:Director12022-11-3007087569ns10:Director222022-11-3007087569ns10:Director222021-11-3007087569ns10:Director222022-12-012023-11-3007087569ns10:Director222021-12-012022-11-3007087569ns10:Director222023-11-3007087569ns10:Director222022-11-3007087569ns10:Director332022-11-3007087569ns10:Director332021-11-3007087569ns10:Director332022-12-012023-11-3007087569ns10:Director332021-12-012022-11-3007087569ns10:Director332023-11-3007087569ns10:Director332022-11-30
REGISTERED NUMBER: 07087569 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

YOUNGS ROOFING BATH LIMITED

YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUNGS ROOFING BATH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R Young
Miss H Young
O Young





SECRETARY:





REGISTERED OFFICE: Braysdown Manor
Woodborough
Peasedown St John
Bath
BA2 8LN





REGISTERED NUMBER: 07087569 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 157,201 129,438
Investment property 5 231,185 -
388,386 129,438

CURRENT ASSETS
Stocks - 2,500
Debtors 6 547,247 610,966
Cash at bank 227,528 373,662
774,775 987,128
CREDITORS
Amounts falling due within one year 7 (350,085 ) (276,664 )
NET CURRENT ASSETS 424,690 710,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,076

839,902

CREDITORS
Amounts falling due after more than one
year

8

(148,627

)

(164,903

)

PROVISIONS FOR LIABILITIES (17,982 ) -
NET ASSETS 646,467 674,999

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 646,366 674,898
SHAREHOLDERS' FUNDS 646,467 674,999

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

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

YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)

BALANCE SHEET - continued
30 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 10 April 2024 and were signed on its behalf by:





R Young - Director


YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)

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

1. STATUTORY INFORMATION

Youngs Roofing Bath 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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 25 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 8,000 534 164,752 3,672 176,958
Additions - 319 112,904 1,728 114,951
Disposals - - (45,170 ) - (45,170 )
At 30 November 2023 8,000 853 232,486 5,400 246,739
DEPRECIATION
At 1 December 2022 4,625 380 41,188 1,327 47,520
Charge for year 844 71 50,648 1,748 53,311
Eliminated on disposal - - (11,293 ) - (11,293 )
At 30 November 2023 5,469 451 80,543 3,075 89,538
NET BOOK VALUE
At 30 November 2023 2,531 402 151,943 2,325 157,201
At 30 November 2022 3,375 154 123,564 2,345 129,438

YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 160,337
Additions 82,395
Disposals (45,170 )
At 30 November 2023 197,562
DEPRECIATION
At 1 December 2022 40,084
Charge for year 42,193
Eliminated on disposal (11,293 )
At 30 November 2023 70,984
NET BOOK VALUE
At 30 November 2023 126,578
At 30 November 2022 120,253

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 231,185
At 30 November 2023 231,185
NET BOOK VALUE
At 30 November 2023 231,185

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 335,536 354,906
Other debtors 211,711 256,060
547,247 610,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 25,140 40,151
Trade creditors 224,306 148,299
Taxation and social security 54,787 43,544
Other creditors 5,852 4,670
350,085 276,664

YOUNGS ROOFING BATH LIMITED (REGISTERED NUMBER: 07087569)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 70,000 110,000
Hire purchase contracts 78,627 54,903
148,627 164,903

9. OTHER FINANCIAL COMMITMENTS

As at 30th November 2023, the company had future operating lease commitments totalling £205,497.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
R Young
Balance outstanding at start of year 120,462 93,712
Amounts advanced 122,396 120,750
Amounts repaid (121,050 ) (94,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,808 120,462

Miss H Young
Balance outstanding at start of year - -
Amounts advanced 2,644 -
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 644 -

O Young
Balance outstanding at start of year - -
Amounts advanced 4,700 -
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,700 -