Registered number
05100314
JRB Roofing Limited
Filleted Accounts
31 May 2024
JRB Roofing Limited
Registered number: 05100314
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 137,076 126,213
Investments 4 286,628 -
423,704 126,213
Current assets
Stocks 11,030 10,440
Debtors 5 225,787 553,172
Cash at bank and in hand 432,186 567,014
669,003 1,130,626
Creditors: amounts falling due within one year 6 (162,426) (335,948)
Net current assets 506,577 794,678
Total assets less current liabilities 930,281 920,891
Provisions for liabilities (34,269) (31,553)
Net assets 896,012 889,338
Capital and reserves
Called up share capital 100 100
Profit and loss account 895,912 889,238
Shareholders' funds 896,012 889,338
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.
J.R. Bond
Director
Approved by the board on 22 July 2024
JRB Roofing Limited
Notes to the Accounts
for the year ended 31 May 2024
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 33,894 158,114 192,008
Additions 22,454 31,568 54,022
Disposals - (18,880) (18,880)
At 31 May 2024 56,348 170,802 227,150
Depreciation
At 1 June 2023 18,715 47,080 65,795
Charge for the year 9,408 29,269 38,677
On disposals - (14,398) (14,398)
At 31 May 2024 28,123 61,951 90,074
Net book value
At 31 May 2024 28,225 108,851 137,076
At 31 May 2023 15,179 111,034 126,213
4 Investments
Other
investments
£
Cost
Additions 286,628
At 31 May 2024 286,628
5 Debtors 2024 2023
£ £
Trade debtors 185,563 519,996
Other debtors 40,224 33,176
225,787 553,172
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 114,349 196,295
Taxation and social security costs 32,762 137,034
Other creditors 15,315 2,619
162,426 335,948
7 Other information
JRB Roofing Limited is a private company limited by shares and incorporated in England. Its registered office is:
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