Registered number
13880963
SMITH'S ASPHALT & FLAT ROOFING LTD
Filleted Accounts
31 January 2024
SMITH'S ASPHALT & FLAT ROOFING LTD
Registered number: 13880963
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 34,748 9,436
Cash at bank and in hand 10,474 11,467
45,222 20,903
Creditors: amounts falling due within one year 4 (44,121) (18,091)
Net current assets 1,101 2,812
Net assets 1,101 2,812
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,099 2,810
Shareholder's funds 1,101 2,812
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Tommy Lee Smith
Director
Approved by the board on 12 August 2024
SMITH'S ASPHALT & FLAT ROOFING LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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. Current tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 2,650 8,480
CIS receivable 27,146 -
VAT due 2 956
Other debtors 4,950 -
34,748 9,436
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 600
Corporation tax 12,282 1,598
CIS payable 28,395 10,056
Other creditors 3,444 5,837
44,121 18,091
5 Other information
SMITH'S ASPHALT & FLAT ROOFING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Brindles
Helena Road
Rayleigh
England
SS6 8LL
SMITH'S ASPHALT & FLAT ROOFING LTD 13880963 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Tommy Lee Smith No description of principal activity 13880963 2022-02-01 2023-01-31 13880963 core:WithinOneYear 2023-01-31 13880963 core:ShareCapital 2023-01-31 13880963 core:RetainedEarningsAccumulatedLosses 2023-01-31 13880963 2023-02-01 2024-01-31 13880963 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13880963 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13880963 bus:Director40 2023-02-01 2024-01-31 13880963 1 2023-02-01 2024-01-31 13880963 2 2023-02-01 2024-01-31 13880963 countries:England 2023-02-01 2024-01-31 13880963 bus:FRS102 2023-02-01 2024-01-31 13880963 bus:FilletedAccounts 2023-02-01 2024-01-31 13880963 2024-01-31 13880963 core:WithinOneYear 2024-01-31 13880963 core:ShareCapital 2024-01-31 13880963 core:RetainedEarningsAccumulatedLosses 2024-01-31 13880963 2023-01-31 iso4217:GBP xbrli:pure