Company Registration No. 13865700 (England and Wales)
Roof Brothers Ltd
Unaudited accounts
for the period from 1 February 2023 to 31 March 2024
Roof Brothers Ltd
Unaudited accounts
Contents
Roof Brothers Ltd
Company Information
for the period from 1 February 2023 to 31 March 2024
Director
Mr Victor Wakefield
Company Number
13865700 (England and Wales)
Registered Office
10 Hill View
Dry Drayton
Cambridge
CB23 8DF
England
Accountants
LJA Accounting
51 Chapel Lane
Lapworth
Solihull
Warwickshire
B94 6EU
Roof Brothers Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
139,051
6,697
Cash at bank and in hand
25,329
629
Creditors: amounts falling due within one year
(65,868)
(4,854)
Net current assets/(liabilities)
18,797
(1,609)
Total assets less current liabilities
157,848
5,088
Creditors: amounts falling due after more than one year
(46,059)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
85,269
4,988
Shareholders' funds
85,369
5,088
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2024 and were signed on its behalf by
Mr Victor Wakefield
Director
Company Registration No. 13865700
Roof Brothers Ltd
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
Roof Brothers Ltd is a private company, limited by shares, registered in England and Wales, registration number 13865700. The registered office is 10 Hill View, Dry Drayton, Cambridge, CB23 8DF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Roof Brothers Ltd
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
-
8,000
929
8,929
Additions
8,268
168,032
1,854
178,154
At 31 March 2024
8,268
176,032
2,783
187,083
At 1 February 2023
-
2,000
232
2,232
Charge for the period
1,654
43,508
638
45,800
At 31 March 2024
1,654
45,508
870
48,032
At 31 March 2024
6,614
130,524
1,913
139,051
At 31 January 2023
-
6,000
697
6,697
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
681
-
Obligations under finance leases and hire purchase contracts
16,885
-
Taxes and social security
5,688
4,854
Loans from directors
34,838
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
46,059
-
Roof Brothers Ltd
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
26,420
-
Charged to the profit and loss account
26,420
-
Provision at end of period
26,420
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(100)
68,212
33,274
34,838
(100)
68,212
33,274
34,838
No interest is charged on loans to directors and there are no fixed repayment terms.
11
Average number of employees
During the period the average number of employees was 7 (2023: 0).