S & S Roofing Limited 06723901 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Roofing Contractors Digita Accounts Production Advanced 6.30.9574.0 true true 06723901 2022-11-01 2023-10-31 06723901 2023-10-31 06723901 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-31 06723901 core:CurrentFinancialInstruments 2023-10-31 06723901 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 06723901 core:Non-currentFinancialInstruments 2023-10-31 06723901 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 06723901 core:MotorVehicles 2023-10-31 06723901 core:PlantMachinery 2023-10-31 06723901 bus:SmallEntities 2022-11-01 2023-10-31 06723901 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06723901 bus:FilletedAccounts 2022-11-01 2023-10-31 06723901 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06723901 bus:RegisteredOffice 2022-11-01 2023-10-31 06723901 bus:Director1 2022-11-01 2023-10-31 06723901 bus:Director2 2022-11-01 2023-10-31 06723901 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-11-01 2023-10-31 06723901 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06723901 core:MotorVehicles 2022-11-01 2023-10-31 06723901 core:PlantMachinery 2022-11-01 2023-10-31 06723901 core:Vehicles 2022-11-01 2023-10-31 06723901 countries:AllCountries 2022-11-01 2023-10-31 06723901 2022-10-31 06723901 core:MotorVehicles 2022-10-31 06723901 core:PlantMachinery 2022-10-31 06723901 2021-11-01 2022-10-31 06723901 2022-10-31 06723901 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-10-31 06723901 core:CurrentFinancialInstruments 2022-10-31 06723901 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 06723901 core:Non-currentFinancialInstruments 2022-10-31 06723901 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 06723901 core:MotorVehicles 2022-10-31 06723901 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06723901

S & S Roofing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

S & S Roofing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

S & S Roofing Limited

Company Information

Directors

Mr Thomas John Saunders

Mrs Melanie Celina Saunders

Registered office

The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

Accountants

David Jones & Co 2018 Limited
Accountants
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

 

S & S Roofing Limited

(Registration number: 06723901)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

44,894

59,858

Current assets

 

Stocks

5

56,917

55,534

Debtors

6

67,544

112,753

Cash at bank and in hand

 

7,474

2,389

 

131,935

170,676

Creditors: Amounts falling due within one year

7

(177,566)

(211,640)

Net current liabilities

 

(45,631)

(40,964)

Total assets less current liabilities

 

(737)

18,894

Creditors: Amounts falling due after more than one year

7

(27,384)

(37,200)

Net liabilities

 

(28,121)

(18,306)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

(28,123)

(18,308)

Shareholders' deficit

 

(28,121)

(18,306)

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

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr Thomas John Saunders
Director

 

S & S Roofing Limited

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

1

General information

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

The address of its registered office is:
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

These financial statements were authorised for issue by the Board 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.

 

S & S Roofing Limited

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

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:

Asset class

Depreciation method and rate

Plant & Equipment

25% reducing Bal

Vehicles

25% reducing Bal

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

S & S Roofing Limited

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

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.

 

S & S Roofing Limited

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

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

S & S Roofing Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

18,479

148,165

166,644

At 31 October 2023

18,479

148,165

166,644

Depreciation

At 1 November 2022

13,849

92,937

106,786

Charge for the year

1,157

13,807

14,964

At 31 October 2023

15,006

106,744

121,750

Carrying amount

At 31 October 2023

3,473

41,421

44,894

At 31 October 2022

4,630

55,228

59,858

5

Stocks

2023
£

2022
£

Work in progress

37,037

47,654

Other inventories

19,880

7,880

56,917

55,534

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

108,031

105,059

Amounts owed by related parties

(50,176)

(34,077)

Prepayments

 

1,510

-

Other debtors

 

8,179

41,771

   

67,544

112,753

 

S & S Roofing Limited

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

70,253

72,279

Taxation and social security

-

348

Accruals and deferred income

2,950

2,420

Other creditors

104,363

136,593

177,566

211,640

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

27,384

37,200

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       
 

S & S Roofing Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

27,384

37,200