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REGISTERED NUMBER: 05570336 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

ROE STAIRS LIMITED

ROE STAIRS LIMITED (REGISTERED NUMBER: 05570336)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROE STAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: D Roe
W P Roe
S Huntlea





SECRETARY: D Roe





REGISTERED OFFICE: 2 The Links
HERNE BAY
Kent
CT6 7GQ





BUSINESS ADDRESS: Unit 1
Watson Yard
Monkton
RAMSGATE
Kent
CT12 5HL





REGISTERED NUMBER: 05570336 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

ROE STAIRS LIMITED (REGISTERED NUMBER: 05570336)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 573,606 565,176

CURRENT ASSETS
Stocks 194,855 215,109
Debtors 6 680,104 704,831
Cash at bank and in hand 125,610 128,517
1,000,569 1,048,457
CREDITORS
Amounts falling due within one year 7 1,269,027 1,388,800
NET CURRENT LIABILITIES (268,458 ) (340,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,148

224,833

CREDITORS
Amounts falling due after more than one
year

8

(258,736

)

(300,828

)

PROVISIONS FOR LIABILITIES (21,188 ) (192 )
NET ASSETS/(LIABILITIES) 25,224 (76,187 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 25,124 (76,287 )
SHAREHOLDERS' FUNDS 25,224 (76,187 )

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

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

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 28th February 2024 and were signed on its behalf by:





D Roe - Director


ROE STAIRS LIMITED (REGISTERED NUMBER: 05570336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Roe Stairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 15% on reducing balance
Fixtures and fittings - 25% on a straight line basis
Motor vehicles - 25% on reducing balance
Office & computer equipment - 33% on a straight line basis and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

ROE STAIRS LIMITED (REGISTERED NUMBER: 05570336)

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

3. ACCOUNTING POLICIES - continued

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.

Going concern basis of accounting
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company benefits from the continued support of the Directors and major creditors. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 18 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 917,517
Additions 106,950
At 31st October 2023 1,024,467
DEPRECIATION
At 1st November 2022 352,341
Charge for year 98,520
At 31st October 2023 450,861
NET BOOK VALUE
At 31st October 2023 573,606
At 31st October 2022 565,176

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2022 682,607
Additions 99,890
Transfer to ownership (114,738 )
At 31st October 2023 667,759
DEPRECIATION
At 1st November 2022 159,706
Charge for year 89,825
Transfer to ownership (65,454 )
At 31st October 2023 184,077
NET BOOK VALUE
At 31st October 2023 483,682
At 31st October 2022 522,901

ROE STAIRS LIMITED (REGISTERED NUMBER: 05570336)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 652,113 671,052
Other debtors 27,991 33,779
680,104 704,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,014 10,314
Hire purchase contracts 118,901 123,090
Trade creditors 465,850 514,100
Taxation and social security 74,398 48,605
Other creditors 598,864 692,691
1,269,027 1,388,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 5,769 16,783
Hire purchase contracts 252,967 284,045
258,736 300,828

9. SECURED DEBTS

The bank has a fixed and floating charge over the company`s assets, and also holds personal guarantees from Mr D Roe and Mr W P Roe.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

ROE STAIRS LIMITED (REGISTERED NUMBER: 05570336)

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

11. RELATED PARTY DISCLOSURES

At 31 October 2023 the company owed the following amounts to related parties:

Roe Limited £54,416
Director D Roe is also a director of Roe Stairs Limited and owns a significant proportion of the share capital of the company.

Roe Timber Frame Limited £75,302
Director D Roe is also a director of Roe Timber Frame Limited and owns some of the share capital of the parent company of Roe Timber Frame Limited.

At 31 October 2023 the company was owed the following amounts by related parties:

Rexdon Limited £63,713
Director D Roe is also a director of Rexdon Limited and owns some of the share capital of the company of Rexdon Limited.

Roe Brickwork Limited £51
Director D Roe is also a director of Roe Brickwork Limited and owns some of the share capital of the parent company of Roe Brickwork Limited.

Roe Timber Frame Holdings Limited £3,057
Director D Roe is also a director of Roe Timber Frame Holdings Limited and owns some of the share capital of the company of Roe Timber Frame Holdings Limited.

All of the transactions carried out with related parties are deemed to be carried out on an arms length basis and the amounts are repayable on demand.