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REGISTERED NUMBER: 01319830 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

J.H. & R.R. Mundy (Roofing Supplies)
Limited

J.H. & R.R. Mundy (Roofing Supplies)
Limited (Registered number: 01319830)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


J.H. & R.R. Mundy (Roofing Supplies)
Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: R R Mundy





SECRETARY: Ms J J Mundy





REGISTERED OFFICE: 5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 01319830 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
J.H. & R.R. Mundy (Roofing Supplies)
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.H. & R.R. Mundy (Roofing Supplies) Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J.H. & R.R. Mundy (Roofing Supplies) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.H. & R.R. Mundy (Roofing Supplies) Limited and state those matters that we have agreed to state to the director of J.H. & R.R. Mundy (Roofing Supplies) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.H. & R.R. Mundy (Roofing Supplies) Limited and its director for our work or for this report.

It is your duty to ensure that J.H. & R.R. Mundy (Roofing Supplies) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.H. & R.R. Mundy (Roofing Supplies) Limited. You consider that J.H. & R.R. Mundy (Roofing Supplies) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.H. & R.R. Mundy (Roofing Supplies) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


18 January 2024

J.H. & R.R. Mundy (Roofing Supplies)
Limited (Registered number: 01319830)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,580 85,983

CURRENT ASSETS
Stocks 325,000 138,620
Debtors 5 602,827 564,202
Investments 6 1,085,367 1,123,904
Cash at bank and in hand 1,164,123 870,201
3,177,317 2,696,927
CREDITORS
Amounts falling due within one year 7 650,285 647,413
NET CURRENT ASSETS 2,527,032 2,049,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,591,612

2,135,497

PROVISIONS FOR LIABILITIES 7,414 10,414
NET ASSETS 2,584,198 2,125,083

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,583,998 2,124,883
2,584,198 2,125,083

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

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

J.H. & R.R. Mundy (Roofing Supplies)
Limited (Registered number: 01319830)

Balance Sheet - continued
30 April 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 17 January 2024 and were signed by:





R R Mundy - Director


J.H. & R.R. Mundy (Roofing Supplies)
Limited (Registered number: 01319830)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. COMPANY INFORMATION

J.H. & R.R. Mundy (Roofing Supplies) 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 measure 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 form the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives of the following basis:


Land and buildings Leasehold over the term of the lease
Plant and machinery 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance


The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.


J.H. & R.R. Mundy (Roofing Supplies)
Limited (Registered number: 01319830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going concern
The directors acknowledge the uncertainty concerning Covid-19 and the impact that this could have on the company's operational existence. At the time of approving the financial statements, Covid-19 has not had a material impact on the activities of the company and the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.Therefore, the directors deem it appropriate to continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022
and 30 April 2023 14,932 33,599 39,702 216,868 305,101
DEPRECIATION
At 1 May 2022 11,573 31,459 30,753 145,333 219,118
Charge for year 747 535 2,237 17,884 21,403
At 30 April 2023 12,320 31,994 32,990 163,217 240,521
NET BOOK VALUE
At 30 April 2023 2,612 1,605 6,712 53,651 64,580
At 30 April 2022 3,359 2,140 8,949 71,535 85,983

J.H. & R.R. Mundy (Roofing Supplies)
Limited (Registered number: 01319830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,489 54,148
Other debtors 545,338 510,054
602,827 564,202

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 1,085,367 1,123,904

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 196,796 142,895
Taxation and social security 54,709 54,917
Other creditors 398,780 449,601
650,285 647,413

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £140,864 (2022: £191,878) owed to R Mundy in respect of his directors loan account.

9. RELATED PARTY DISCLOSURES

Included in Other debtors is an amount of £301,500 (2022: £301,500) due by Russel Mundy, son of Roy Mundy . This loan is unsecured, interest free and repayable on demand.

Included in Other creditors is an amount of £253,548 (2022 £253,548) due to Mundy Structural Steel Company Limited, a company in which R R Mundy is a shareholder . This amount is currently in dispute .