IRIS Accounts Production v23.3.1.45 06610185 Board of Directors Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066101852022-05-31066101852023-05-31066101852022-06-012023-05-31066101852021-05-31066101852021-06-012022-05-31066101852022-05-3106610185ns10:Originalns15:EnglandWales2022-06-012023-05-3106610185ns14:PoundSterlingns10:Original2022-06-012023-05-3106610185ns10:Originalns10:Director12022-06-012023-05-3106610185ns10:Original2022-06-012023-05-3106610185ns10:Originalns10:Director22022-06-012023-05-3106610185ns10:Originalns10:Director32022-06-012023-05-3106610185ns10:Original2023-05-3106610185ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3106610185ns10:Originalns10:SmallEntities2022-06-012023-05-3106610185ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3106610185ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3106610185ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3106610185ns10:Originalns10:FullAccounts2022-06-012023-05-3106610185ns10:Original12022-06-012023-05-3106610185ns10:CompanySecretary1ns10:Original2022-06-012023-05-3106610185ns10:Originalns10:RegisteredOffice2022-06-012023-05-3106610185ns10:Original2022-05-3106610185ns10:Originalns5:CurrentFinancialInstruments2023-05-3106610185ns10:Originalns5:CurrentFinancialInstruments2022-05-3106610185ns10:Originalns5:Non-currentFinancialInstruments2023-05-3106610185ns10:Originalns5:Non-currentFinancialInstruments2022-05-3106610185ns5:ShareCapitalns10:Original2023-05-3106610185ns5:ShareCapitalns10:Original2022-05-3106610185ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3106610185ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3106610185ns10:Originalns5:NetGoodwill2022-06-012023-05-3106610185ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3106610185ns10:Originalns5:PlantMachinery2022-06-012023-05-3106610185ns10:Originalns5:FurnitureFittings2022-06-012023-05-3106610185ns10:Originalns5:MotorVehicles2022-06-012023-05-3106610185ns10:Originalns5:ComputerEquipment2022-06-012023-05-3106610185ns10:Original2021-06-012022-05-3106610185ns10:Originalns5:NetGoodwill2022-05-3106610185ns10:Originalns5:NetGoodwill2023-05-3106610185ns10:Originalns5:NetGoodwill2022-05-3106610185ns10:Originalns5:PlantMachinery2022-05-3106610185ns10:Originalns5:FurnitureFittings2022-05-3106610185ns10:Originalns5:MotorVehicles2022-05-3106610185ns10:Originalns5:ComputerEquipment2022-05-3106610185ns10:Original2022-05-3106610185ns10:Originalns5:PlantMachinery2023-05-3106610185ns10:Originalns5:FurnitureFittings2023-05-3106610185ns10:Originalns5:MotorVehicles2023-05-3106610185ns10:Originalns5:ComputerEquipment2023-05-3106610185ns10:Originalns5:PlantMachinery2022-05-3106610185ns10:Originalns5:FurnitureFittings2022-05-3106610185ns10:Originalns5:MotorVehicles2022-05-3106610185ns10:Originalns5:ComputerEquipment2022-05-3106610185ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3106610185ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3106610185ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3106610185ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3106610185ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3106610185ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3106610185ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3106610185ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3106610185ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3106610185ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-3106610185ns10:Original1ns10:Director12022-05-3106610185ns10:Original1ns10:Director12021-05-3106610185ns10:Original1ns10:Director12022-06-012023-05-3106610185ns10:Original1ns10:Director12021-06-012022-05-3106610185ns10:Original1ns10:Director12023-05-3106610185ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: 06610185 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: K Humphries
N Humphries
S Humphries





SECRETARY: F Jackson





REGISTERED OFFICE: Ivy Cottage
West End Road
Norton
DONCASTER
South Yorkshire
DN6 9EF





REGISTERED NUMBER: 06610185 (England and Wales)





ACCOUNTANTS: AMH Accountancy Services Limited
10 Railway Court
Ten Pound Walk
DONCASTER
South Yorkshire
DN4 5FB

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 115,242 91,292
Investment property 6 247,341 247,341
362,583 338,633

CURRENT ASSETS
Debtors 7 237,179 154,421
Cash at bank 325,658 331,901
562,837 486,322
CREDITORS
Amounts falling due within one year 8 180,564 185,625
NET CURRENT ASSETS 382,273 300,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,856

639,330

CREDITORS
Amounts falling due after more than one
year

9

(103,732

)

(77,120

)

PROVISIONS FOR LIABILITIES (28,810 ) (17,344 )
NET ASSETS 612,314 544,866

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 612,311 544,863
SHAREHOLDERS' FUNDS 612,314 544,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:




K Humphries - Director N Humphries - Director




S Humphries - Director


K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

K Humphries & Sons Roofing Contractors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 30,000
AMORTISATION
At 1 June 2022
and 31 May 2023 30,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 30,826 7,686 133,704 2,935 175,151
Additions - - 59,750 - 59,750
Disposals - - (10,246 ) - (10,246 )
At 31 May 2023 30,826 7,686 183,208 2,935 224,655
DEPRECIATION
At 1 June 2022 15,974 3,942 62,493 1,450 83,859
Charge for year 2,530 562 32,915 490 36,497
Eliminated on disposal - - (10,943 ) - (10,943 )
At 31 May 2023 18,504 4,504 84,465 1,940 109,413
NET BOOK VALUE
At 31 May 2023 12,322 3,182 98,743 995 115,242
At 31 May 2022 14,852 3,744 71,211 1,485 91,292

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 85,578
Additions 59,750
At 31 May 2023 145,328
DEPRECIATION
At 1 June 2022 34,689
Charge for year 27,660
At 31 May 2023 62,349
NET BOOK VALUE
At 31 May 2023 82,979
At 31 May 2022 50,889

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 247,341
NET BOOK VALUE
At 31 May 2023 247,341
At 31 May 2022 247,341

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 153,553 58,288
Other debtors 3,156 3,156
Directors' current accounts 32,853 56,154
Tax 18,742 19,770
Prepayments and accrued income 12,795 -
Prepayments 16,080 17,053
237,179 154,421

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,035 10,113
Hire purchase contracts 25,362 16,218
Trade creditors 54,376 28,847
Tax 61,330 88,659
Social security and other taxes 5,483 5,884
Pension contributions 2,014 1,761
VAT 7,446 20,766
Directors' current accounts 10,738 10,842
Accrued expenses 2,780 2,535
180,564 185,625

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,113 10,113
Bank loans - 2-5 years 10,420 21,068
Hire purchase contracts 83,199 45,939
103,732 77,120

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 1,236 -

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

10. SECURED DEBTS

The company has an overdraft facility with HSBC Bank plc. HSBC Bank plc holds a fixed and floating charge over current and future assets of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
K Humphries
Balance outstanding at start of year 56,154 57,670
Amounts repaid (23,301 ) (1,516 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,853 56,154

The company has charged the director interest at HM Revenue & Customs rate applicable to beneficial loans of £816 (2022 - £795) on his overdrawn loan account. This amount is included in the balance disclosed above.