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REGISTERED NUMBER: 08761553 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BRAYS ROOFING SERVICES LIMITED

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAYS ROOFING SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTOR: C A Braybrooke





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 08761553 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,622 10,343
7,622 10,343

CURRENT ASSETS
Debtors 6 1,965 -
Cash at bank 6,669 23,361
8,634 23,361
CREDITORS
Amounts falling due within one year 7 12,129 13,865
NET CURRENT (LIABILITIES)/ASSETS (3,495 ) 9,496
TOTAL ASSETS LESS CURRENT LIABILITIES 4,127 19,839

CREDITORS
Amounts falling due after more than one
year

8

27,500

32,500
NET LIABILITIES (23,373 ) (12,661 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 (23,383 ) (12,671 )
SHAREHOLDERS' FUNDS (23,373 ) (12,661 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

BALANCE SHEET - continued
30 November 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 12 August 2024 and were signed by:





C A Braybrooke - Director


BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

Brays Roofing Services Limited 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount generated in connection with the incorporation of the company in 2013. The company began amortising the goodwill in 2020 over an estimated remaining useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

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.

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.

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operation existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its owner.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 10,500
AMORTISATION
At 1 December 2022
and 30 November 2023 10,500
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 15,116 39,152 777 55,045
DEPRECIATION
At 1 December 2022 11,087 33,335 280 44,702
Charge for year 1,008 1,454 259 2,721
At 30 November 2023 12,095 34,789 539 47,423
NET BOOK VALUE
At 30 November 2023 3,021 4,363 238 7,622
At 30 November 2022 4,029 5,817 497 10,343

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 16,112
DEPRECIATION
At 1 December 2022 12,289
Charge for year 955
At 30 November 2023 13,244
NET BOOK VALUE
At 30 November 2023 2,868
At 30 November 2022 3,823

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred tax asset 1,965 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 290 4,929
VAT 5,474 1,738
Directors' loan accounts 215 1,048
Accruals and deferred income 1,150 1,150
12,129 13,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 22,500 27,500
27,500 32,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. RESERVES
Retained
earnings
£   

At 1 December 2022 (12,671 )
Deficit for the year (10,712 )
At 30 November 2023 (23,383 )

BRAYS ROOFING SERVICES LIMITED (REGISTERED NUMBER: 08761553)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
C A Braybrooke
Balance outstanding at start of year (1,048 ) 4,774
Amounts advanced 23,810 23,523
Amounts repaid (22,977 ) (29,345 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (215 ) (1,048 )

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Braybrooke by virtue of his 100% shareholding.