IRIS Accounts Production v24.1.0.578 03932378 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039323782022-10-31039323782023-10-31039323782022-11-012023-10-31039323782021-10-31039323782021-11-012022-10-31039323782022-10-3103932378ns15:EnglandWales2022-11-012023-10-3103932378ns14:PoundSterling2022-11-012023-10-3103932378ns10:Director12022-11-012023-10-3103932378ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3103932378ns10:SmallEntities2022-11-012023-10-3103932378ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3103932378ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3103932378ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103932378ns10:FullAccounts2022-11-012023-10-3103932378ns10:Director22022-11-012023-10-3103932378ns10:RegisteredOffice2022-11-012023-10-3103932378ns5:CurrentFinancialInstruments2023-10-3103932378ns5:CurrentFinancialInstruments2022-10-3103932378ns5:Non-currentFinancialInstruments2023-10-3103932378ns5:Non-currentFinancialInstruments2022-10-3103932378ns5:ShareCapital2023-10-3103932378ns5:ShareCapital2022-10-3103932378ns5:RetainedEarningsAccumulatedLosses2023-10-3103932378ns5:RetainedEarningsAccumulatedLosses2022-10-3103932378ns5:PlantMachinery2022-11-012023-10-3103932378ns5:LandBuildings2022-10-3103932378ns5:PlantMachinery2022-10-3103932378ns5:LandBuildings2022-11-012023-10-3103932378ns5:LandBuildings2023-10-3103932378ns5:PlantMachinery2023-10-3103932378ns5:LandBuildings2022-10-3103932378ns5:PlantMachinery2022-10-3103932378ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-3103932378ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3103932378ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3103932378ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-3103932378ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3103932378ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 03932378 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HIGH-TECH MEMBRANE ROOFING LTD

HIGH-TECH MEMBRANE ROOFING LTD (REGISTERED NUMBER: 03932378)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HIGH-TECH MEMBRANE ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: S J Thornton
E C Parker F.C.C.A.





REGISTERED OFFICE: Linden House
30 Linden Road
Benfleet
Essex
SS7 4BA





REGISTERED NUMBER: 03932378 (England and Wales)





ACCOUNTANTS: Connah Goldsworthy
Chartered Certified Accountants
12 Station Court
Station Approach
Wickford
Essex
SS11 7AT

HIGH-TECH MEMBRANE ROOFING LTD (REGISTERED NUMBER: 03932378)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,615 194,947

CURRENT ASSETS
Stocks 73,717 67,682
Debtors 5 131,018 176,968
Cash at bank and in hand 65,366 150,722
270,101 395,372
CREDITORS
Amounts falling due within one year 6 249,887 361,346
NET CURRENT ASSETS 20,214 34,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,829

228,973

CREDITORS
Amounts falling due after more than one
year

7

65,865

101,425
NET ASSETS 131,964 127,548

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,864 127,448
SHAREHOLDERS' FUNDS 131,964 127,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 7 June 2024 and were signed on its behalf by:





S J Thornton - Director


HIGH-TECH MEMBRANE ROOFING LTD (REGISTERED NUMBER: 03932378)

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

1. STATUTORY INFORMATION

High-Tech Membrane Roofing Ltd 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.

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 in accordance with the guidance of application note G of FRS 5 and represents amounts receivable for goods and services provided in the normal course of business net of value added tax.

Sales of goods are recognised when goods are delivered and title passed. Turnover from construction contracts are recognised in accordance with the company's policy on long term contracts.

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 etc - 25% on reducing balance

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

Where the outcome of a contract can be estimated reliably and it is probable that the contract will be profitable, revenue and cost are recognised over the period of the contract. Where it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

The company uses the 'percentage of completion method' to determine the appropriate amount to recognise in a given period. The stage of completion is measured by reference to the contract costs incurred up to the balance sheet date as a percentage of the total estimated costs for each contract.

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.

HIGH-TECH MEMBRANE ROOFING LTD (REGISTERED NUMBER: 03932378)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 52,214 255,734 307,948
Additions - 39,999 39,999
Disposals - (23,995 ) (23,995 )
At 31 October 2023 52,214 271,738 323,952
DEPRECIATION
At 1 November 2022 - 113,001 113,001
Charge for year - 43,834 43,834
Eliminated on disposal - (10,498 ) (10,498 )
At 31 October 2023 - 146,337 146,337
NET BOOK VALUE
At 31 October 2023 52,214 125,401 177,615
At 31 October 2022 52,214 142,733 194,947

Included in cost of land and buildings is freehold land of £ 52,214 (2022 - £ 52,214 ) which is not depreciated.

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

Plant and
machinery
etc
£   
COST
At 1 November 2022 135,657
Additions 39,999
At 31 October 2023 175,656
DEPRECIATION
At 1 November 2022 56,910
Charge for year 41,484
At 31 October 2023 98,394
NET BOOK VALUE
At 31 October 2023 77,262
At 31 October 2022 78,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 93,864 93,426
Amounts recoverable on contract - 61,892
Other debtors 37,154 21,650
131,018 176,968

HIGH-TECH MEMBRANE ROOFING LTD (REGISTERED NUMBER: 03932378)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,994 26,097
Hire purchase contracts 48,403 48,403
Trade creditors 137,756 167,297
Taxation and social security 50,394 119,549
Other creditors 2,340 -
249,887 361,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,263 10,800
Hire purchase contracts 50,602 90,625
65,865 101,425