Company registration number 10854578 (England and Wales)
G Mummery Roofing Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Pages For Filing With Registrar
Pinnick Lewis LLP
Chartered Certified Accountants
Handel House
95 High Street
Edgware
HA8 7DB
G Mummery Roofing Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
G Mummery Roofing Limited
BALANCE SHEET
As At 31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
887
995
Current assets
Debtors
4
5,718
4,537
Cash at bank and in hand
2,904
3,783
8,622
8,320
Creditors: amounts falling due within one year
5
(9,113)
(9,237)
Net current liabilities
(491)
(917)
Net assets
396
78
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
395
77
Total equity
396
78
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 March 2024
Mr G Mummery
Director
Company registration number 10854578 (England and Wales)
G Mummery Roofing Limited
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023
- 2 -
1
Accounting policies
Company information
G Mummery Roofing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Handel House, 95 High Street, Edgware, HA8 7DB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Fixtures and fittings
15% Straight line
Motor vehicles
20% Straight line
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 profit or loss.
1.4
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
G Mummery Roofing Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 July 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation
Current tax
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.
2
Employees
The average monthly number of employees (including directors) during the year was:
2023
2022
Number
Number
Total
1
2
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
719
3,000
3,719
Depreciation and impairment
At 1 August 2022
324
2,400
2,724
Depreciation charged in the year
108
108
At 31 July 2023
432
2,400
2,832
Carrying amount
At 31 July 2023
287
600
887
At 31 July 2022
395
600
995
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1
Other debtors
5,717
4,537
5,718
4,537
G Mummery Roofing Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 July 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
819
818
Corporation tax
7,208
7,579
Other taxation and social security
160
Other creditors
926
840
9,113
9,237