Butler and Son Roofing Limited 10270810 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Roofing contractor Digita Accounts Production Advanced 6.30.9574.0 true true 10270810 2022-08-01 2023-07-31 10270810 2023-07-31 10270810 bus:OrdinaryShareClass1 2023-07-31 10270810 core:RetainedEarningsAccumulatedLosses 2023-07-31 10270810 core:ShareCapital 2023-07-31 10270810 core:CurrentFinancialInstruments 2023-07-31 10270810 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10270810 core:Non-currentFinancialInstruments 2023-07-31 10270810 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 10270810 core:OfficeEquipment 2023-07-31 10270810 core:OtherPropertyPlantEquipment 2023-07-31 10270810 bus:SmallEntities 2022-08-01 2023-07-31 10270810 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10270810 bus:FullAccounts 2022-08-01 2023-07-31 10270810 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10270810 bus:RegisteredOffice 2022-08-01 2023-07-31 10270810 bus:Director1 2022-08-01 2023-07-31 10270810 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10270810 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10270810 bus:Agent1 2022-08-01 2023-07-31 10270810 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 10270810 core:ShareCapital 2022-08-01 2023-07-31 10270810 core:ComputerEquipment 2022-08-01 2023-07-31 10270810 core:OfficeEquipment 2022-08-01 2023-07-31 10270810 core:OtherPropertyPlantEquipment 2022-08-01 2023-07-31 10270810 core:PlantMachinery 2022-08-01 2023-07-31 10270810 countries:England 2022-08-01 2023-07-31 10270810 2022-07-31 10270810 core:RetainedEarningsAccumulatedLosses 2022-07-31 10270810 core:ShareCapital 2022-07-31 10270810 core:OfficeEquipment 2022-07-31 10270810 core:OtherPropertyPlantEquipment 2022-07-31 10270810 2021-08-01 2022-07-31 10270810 2022-07-31 10270810 bus:OrdinaryShareClass1 2022-07-31 10270810 core:CurrentFinancialInstruments 2022-07-31 10270810 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10270810 core:Non-currentFinancialInstruments 2022-07-31 10270810 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 10270810 core:OfficeEquipment 2022-07-31 10270810 core:OtherPropertyPlantEquipment 2022-07-31 10270810 core:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 10270810 core:ShareCapital 2021-08-01 2022-07-31 10270810 2021-07-31 10270810 core:RetainedEarningsAccumulatedLosses 2021-07-31 10270810 core:ShareCapital 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10270810

Butler and Son Roofing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Butler and Son Roofing Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

 

Butler and Son Roofing Limited

Company Information

Director

Mr W Butler

Registered office

18 Wraysbury Road
Staines-on-Thames
TW19 6HE

Accountants

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

 

Butler and Son Roofing Limited

Director's Report for the Year Ended 31 July 2023

The director presents his report and the financial statements for the year ended 31 July 2023.

Director of the company

The director who held office during the year was as follows:

Mr W Butler

Principal activity

The principal activity of the company is Roofing contractor

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr W Butler
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Butler and Son Roofing Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Butler and Son Roofing Limited for the year ended 31 July 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Butler and Son Roofing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Butler and Son Roofing Limited and state those matters that we have agreed to state to the Board of Directors of Butler and Son Roofing Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Butler and Son Roofing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Butler and Son Roofing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Butler and Son Roofing Limited. You consider that Butler and Son Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Butler and Son Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

31 July 2024

 

Butler and Son Roofing Limited

Profit and Loss Account for the Year Ended 31 July 2023

Note

2023
£

2022
£

Turnover

 

109,748

66,913

Cost of sales

 

(55,714)

(33,239)

Gross profit

 

54,034

33,674

Administrative expenses

 

(58,254)

(38,737)

Operating loss

 

(4,220)

(5,063)

Loss before tax

(4,220)

(5,063)

Loss for the financial year

 

(4,220)

(5,063)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Butler and Son Roofing Limited

Statement of Comprehensive Income for the Year Ended 31 July 2023

2023
£

2022
£

Loss for the year

(4,220)

(5,063)

Total comprehensive income for the year

(4,220)

(5,063)

 

Butler and Son Roofing Limited

(Registration number: 10270810)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,619

2,236

Current assets

 

Debtors

5

35,279

26,248

Cash at bank and in hand

 

9,704

(535)

 

44,983

25,713

Creditors: Amounts falling due within one year

6

(36,312)

(31,053)

Net current assets/(liabilities)

 

8,671

(5,340)

Total assets less current liabilities

 

10,290

(3,104)

Creditors: Amounts falling due after more than one year

6

(17,014)

-

Net liabilities

 

(6,724)

(3,104)

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

(6,734)

(3,114)

Shareholders' deficit

 

(6,724)

(3,104)

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr W Butler
Director

 

Butler and Son Roofing Limited

Statement of Changes in Equity for the Year Ended 31 July 2023

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

10

(2,514)

(2,504)

Loss for the year

-

(4,220)

(4,220)

At 31 July 2023

10

(6,734)

(6,724)

Share capital
£

Retained earnings
£

Total
£

At 1 August 2021

10

1,949

1,959

Loss for the year

-

(5,063)

(5,063)

At 31 July 2022

10

(3,114)

(3,104)

 

Butler and Son Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
18 Wraysbury Road
Staines-on-Thames
TW19 6HE

These financial statements were authorised for issue by the director on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Butler and Son Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Asset class

Depreciation method and rate

Plant & machinery

25% reducing balance

Computer equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Butler and Son Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Office equipment
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 August 2022

938

5,500

6,438

At 31 July 2023

938

5,500

6,438

Depreciation

At 1 August 2022

235

3,967

4,202

Charge for the year

234

383

617

At 31 July 2023

469

4,350

4,819

Carrying amount

At 31 July 2023

469

1,150

1,619

At 31 July 2022

703

1,533

2,236

5

Debtors

Current

2023
£

2022
£

Other debtors

35,279

26,248

 

35,279

26,248

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

29,625

29,961

Accruals and deferred income

6,687

3,807

Other creditors

-

(2,715)

36,312

31,053

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

17,014

-

 

Butler and Son Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

17,014

-

9

Dividends