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REGISTERED NUMBER: 12943864 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Kass Roofing Ltd

Kass Roofing Ltd (Registered number: 12943864)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kass Roofing Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr L Kassim





REGISTERED OFFICE: 2 Abbey Lane
Kingswood
Hull
HU7 3DH





REGISTERED NUMBER: 12943864 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Kass Roofing Ltd (Registered number: 12943864)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,378 36,152

CURRENT ASSETS
Stocks - 22,003
Debtors 5 159,985 126,657
Cash at bank 14,010 43,121
173,995 191,781
CREDITORS
Amounts falling due within one year 6 54,110 64,463
NET CURRENT ASSETS 119,885 127,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,263

163,470

CREDITORS
Amounts falling due after more than one year 7 (24,198 ) -

PROVISIONS FOR LIABILITIES 8 (6,860 ) (9,038 )
NET ASSETS 130,205 154,432

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 130,203 154,430
130,205 154,432

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 director acknowledges his 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.

Kass Roofing Ltd (Registered number: 12943864)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 5 August 2024 and were signed by:





Mr L Kassim - Director


Kass Roofing Ltd (Registered number: 12943864)

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


1. STATUTORY INFORMATION

Kass 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company provides goods and services to other organisations, these services are provided on a time and material basis or as a fixed price contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

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.


Kass Roofing Ltd (Registered number: 12943864)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 2,015 51,252 558 53,825
Additions - 36,000 2,018 38,018
Disposals - (26,254 ) - (26,254 )
At 31 October 2023 2,015 60,998 2,576 65,589
DEPRECIATION
At 1 November 2022 403 17,084 186 17,673
Charge for year 403 14,331 555 15,289
Eliminated on disposal - (8,751 ) - (8,751 )
At 31 October 2023 806 22,664 741 24,211
NET BOOK VALUE
At 31 October 2023 1,209 38,334 1,835 41,378
At 31 October 2022 1,612 34,168 372 36,152

Kass Roofing Ltd (Registered number: 12943864)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,145 -
Other debtors 135,840 126,657
159,985 126,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,670 -
Trade creditors - 15,613
Taxation and social security 48,940 47,813
Other creditors 1,500 1,037
54,110 64,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 24,198 -

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,860 9,038

Deferred
tax
£   
Balance at 1 November 2022 9,038
Provided during year (2,178 )
Movement
Balance at 31 October 2023 6,860