Registered number
04815594
Roof Rooms Ltd
Filleted Accounts
30 June 2023
Roof Rooms Ltd
Registered number: 04815594
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 30,891 15,659
Current assets
Debtors 4 19,264 40,756
Cash at bank and in hand 123,486 75,071
142,750 115,827
Creditors: amounts falling due within one year 5 (86,237) (94,893)
Net current assets 56,513 20,934
Total assets less current liabilities 87,404 36,593
Creditors: amounts falling due after more than one year 6 (23,295) (31,424)
Net assets 64,109 5,169
Capital and reserves
Called up share capital 1 1
Profit and loss account 64,108 5,168
Shareholders' funds 64,109 5,169
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jon Fitch
Director
Approved by the board on 13 March 2024
Roof Rooms Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured 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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 15,961 25,934 41,895
Additions 1,178 23,000 24,178
At 30 June 2023 17,139 48,934 66,073
Depreciation
At 1 July 2022 7,473 18,763 26,236
Charge for the year 1,458 7,543 9,001
On disposals (55) - (55)
At 30 June 2023 8,876 26,306 35,182
Net book value
At 30 June 2023 8,263 22,628 30,891
At 30 June 2022 8,488 7,171 15,659
4 Debtors 2023 2022
£ £
Other debtors 19,264 40,756
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 28,066 33,112
Taxation and social security costs 48,875 35,906
Other creditors 9,296 25,875
86,237 94,893
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,295 31,424
7 Other information
Roof Rooms Ltd is a private company limited by shares and incorporated in England. Its registered office is:
134 Heanor Road
Ilkeston
Derbyshire
DE7 8TB
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