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REGISTERED NUMBER: SC645825 (Scotland)











































HPM Cooper Building & Roofing Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2023






HPM Cooper Building & Roofing Ltd (Registered number: SC645825)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


HPM Cooper Building & Roofing Ltd

Company Information
for the year ended 31st October 2023







Director: H P M Cooper





Secretary: Mrs F M Cooper





Registered office: Nenthorn House
Nenthorn
Kelso
Roxburghshire
TD5 7RY





Registered number: SC645825 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

HPM Cooper Building & Roofing Ltd (Registered number: SC645825)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 162,468 124,814

Current assets
Stocks 141,610 4,250
Debtors 5 77,140 101,399
Cash at bank 82,124 84,363
300,874 190,012
Creditors
Amounts falling due within one year 6 227,954 165,911
Net current assets 72,920 24,101
Total assets less current liabilities 235,388 148,915

Creditors
Amounts falling due after more than one
year

7

(18,681

)

(20,892

)

Provisions for liabilities (28,554 ) (20,891 )
Net assets 188,153 107,132

Capital and reserves
Called up share capital 100 100
Retained earnings 188,053 107,032
188,153 107,132

HPM Cooper Building & Roofing Ltd (Registered number: SC645825)

Balance Sheet - continued
31st October 2023


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 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th April 2024 and were signed by:





H P M Cooper - Director


HPM Cooper Building & Roofing Ltd (Registered number: SC645825)

Notes to the Financial Statements
for the year ended 31st October 2023

1. Statutory information

HPM Cooper Building & Roofing Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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
Motor vehicles - 15% on reducing balance
Office equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase creditors and directors' loans.

Hire purchase creditors are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


HPM Cooper Building & Roofing Ltd (Registered number: SC645825)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 6 ) .

HPM Cooper Building & Roofing Ltd (Registered number: SC645825)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

4. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1st November 2022 12,888 142,598 - 155,486
Additions 29,014 34,881 2,479 66,374
At 31st October 2023 41,902 177,479 2,479 221,860
Depreciation
At 1st November 2022 4,264 26,408 - 30,672
Charge for year 5,645 22,661 414 28,720
At 31st October 2023 9,909 49,069 414 59,392
Net book value
At 31st October 2023 31,993 128,410 2,065 162,468
At 31st October 2022 8,624 116,190 - 124,814


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 43,890 95,675
Other debtors 33,250 5,724
77,140 101,399

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 16,453 14,914
Trade creditors 24,809 27,647
Taxation and social security 44,487 17,695
Other creditors 142,205 105,655
227,954 165,911

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 18,681 20,892

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 35,134 35,806

Hire purchase contracts are secured against the assets to which they relate.

HPM Cooper Building & Roofing Ltd (Registered number: SC645825)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

9. Post balance sheet events

On 4th March 2024 a final dividend of £250 per share was declared in respect of the year ended 31st October 2023.