Registered number
12976992
369 ROOFING & CONSTRUCTION LTD
Unaudited Filleted Accounts
31 October 2023
369 ROOFING & CONSTRUCTION LTD
Registered number: 12976992
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,942 23,677
Current assets
Debtors 4 13,299 11,891
Cash at bank and in hand 426 439
13,725 12,330
Creditors: amounts falling due within one year 5 (26,515) (25,458)
Net current liabilities (12,790) (13,128)
Total assets less current liabilities 6,152 10,549
Creditors: amounts falling due after more than one year 6 (5,880) (9,295)
Net assets 272 1,254
Capital and reserves
Called up share capital 2 2
Profit and loss account 270 1,252
Shareholders' funds 272 1,254
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.
D Turner
Director
Approved by the board on 18 June 2024
369 ROOFING & CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 October 2023
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:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 9,750 22,000 31,750
At 31 October 2023 9,750 22,000 31,750
Depreciation
At 1 November 2022 3,510 4,563 8,073
Charge for the year 1,248 3,487 4,735
At 31 October 2023 4,758 8,050 12,808
Net book value
At 31 October 2023 4,992 13,950 18,942
At 31 October 2022 6,240 17,437 23,677
4 Debtors 2023 2022
£ £
Other debtors 13,299 11,891
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 4,575 4,575
Taxation and social security costs 5,651 2,040
Other creditors 16,289 18,843
26,515 25,458
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 5,880 9,295
7 Related party transactions
369 Construction Ltd is under the common control of one or more of the directors. 369 Construction advanced short term finance to the company during the year, with an outstanding amount of £13,661.68.
8 Other information
369 ROOFING & CONSTRUCTION LTD is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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