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Registration number: 12997406

EJ Roberts Roofing Contractors Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

EJ Roberts Roofing Contractors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

EJ Roberts Roofing Contractors Limited

Company Information

Directors

Dr GP Roberts

Mr DR Skipper

Mr EM Bennett

Company secretary

Mr GP Roberts

Registered office

Unit 3, Peregrine Industrial Estate
Peregrine Road
Hainault
Essex
IG6 3SZ

Accountants

Jordan Ludlow & Associates Limited
9 Limes Road
Beckenham
Kent
BR3 6NS

 

EJ Roberts Roofing Contractors Limited

(Registration number: 12997406)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

81,652

117,720

Debtors

5

754,335

1,120,496

Cash at bank and in hand

 

220,937

60,028

 

1,056,924

1,298,244

Creditors: Amounts falling due within one year

6

(706,200)

(1,090,715)

Net assets

 

350,724

207,529

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

350,624

207,429

Shareholders' funds

 

350,724

207,529

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2024 and signed on its behalf by:
 

.........................................
Dr GP Roberts
Director

   
     
 

EJ Roberts Roofing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3, Peregrine Industrial Estate
Peregrine Road
Hainault
Essex
IG6 3SZ

These financial statements were authorised for issue by the Board on 26 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

EJ Roberts Roofing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

EJ Roberts Roofing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 15).

4

Stocks

2023
£

2022
£

Other inventories

81,652

117,720

5

Debtors

Current

2023
£

2022
£

Trade debtors

693,541

903,766

Other debtors

60,794

216,730

 

754,335

1,120,496

 

EJ Roberts Roofing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

4,592

15,365

Trade creditors

 

506,347

782,324

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

-

200,000

Taxation and social security

 

182,831

80,596

Accruals and deferred income

 

12,430

12,430

 

706,200

1,090,715

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank overdrafts

4,592

15,365

9

Dividends

2023

2022

£

£

Interim dividend of £3,000.00 (2022 - £Nil) per ordinary share

300,000

-

 

 
 

EJ Roberts Roofing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

132,166

122,083

Expenditure with and payables to related parties

2023

Parent
£

Entities with joint control or significant influence
£

Rendering of services

24,000

2,800

Leases

33,435

83,200

57,435

86,000

Amounts payable to related party

14,484

20,000

2022

Parent
£

Entities with joint control or significant influence
£

Leases

18,951

87,788

Amounts payable to related party

2,430

20,240

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

200,000

200,000

Repaid

(200,000)

(200,000)

At end of period

-

-

 

EJ Roberts Roofing Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

10

Related party transactions (continued)

2022

Entities with joint control or significant influence
£

Total
£

At start of period

325,000

325,000

Repaid

(125,000)

(125,000)

At end of period

200,000

200,000