Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3120The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.222023-04-01falseprovision of construction servicestruetrue 00774830 2023-04-01 2024-03-31 00774830 2022-04-01 2023-03-31 00774830 2024-03-31 00774830 2023-03-31 00774830 2022-04-01 00774830 c:Director1 2023-04-01 2024-03-31 00774830 d:PlantMachinery 2023-04-01 2024-03-31 00774830 d:PlantMachinery 2024-03-31 00774830 d:PlantMachinery 2023-03-31 00774830 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00774830 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00774830 d:MotorVehicles 2023-04-01 2024-03-31 00774830 d:MotorVehicles 2024-03-31 00774830 d:MotorVehicles 2023-03-31 00774830 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00774830 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00774830 d:FurnitureFittings 2023-04-01 2024-03-31 00774830 d:FurnitureFittings 2024-03-31 00774830 d:FurnitureFittings 2023-03-31 00774830 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00774830 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00774830 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00774830 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00774830 d:CurrentFinancialInstruments 2024-03-31 00774830 d:CurrentFinancialInstruments 2023-03-31 00774830 d:Non-currentFinancialInstruments 2024-03-31 00774830 d:Non-currentFinancialInstruments 2023-03-31 00774830 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00774830 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00774830 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00774830 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00774830 d:CapitalRedemptionReserve 2024-03-31 00774830 d:CapitalRedemptionReserve 2023-03-31 00774830 d:RetainedEarningsAccumulatedLosses 2024-03-31 00774830 d:RetainedEarningsAccumulatedLosses 2023-03-31 00774830 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00774830 c:OrdinaryShareClass1 2024-03-31 00774830 c:FRS102 2023-04-01 2024-03-31 00774830 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00774830 c:FullAccounts 2023-04-01 2024-03-31 00774830 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00774830 d:WithinOneYear 2024-03-31 00774830 d:WithinOneYear 2023-03-31 00774830 d:BetweenOneFiveYears 2024-03-31 00774830 d:BetweenOneFiveYears 2023-03-31 00774830 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00774830 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00774830 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 00774830 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 00774830 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00774830









ROOFING CONTRACTORS (CAMBRIDGE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
REGISTERED NUMBER: 00774830

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
120,957
80,747

CURRENT ASSETS
  

Stocks
 5 
101,568
202,468

Debtors: amounts falling due within one year
 6 
761,717
665,423

Cash at bank and in hand
  
246,391
243,190

  
1,109,676
1,111,081

Creditors: amounts falling due within one year
 7 
(174,132)
(323,448)

NET CURRENT ASSETS
  
 
 
935,544
 
 
787,633

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,056,501
868,380

Creditors: amounts falling due after more than one year
 8 
(13,640)
(14,926)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(27,901)
(17,728)

  
 
 
(27,901)
 
 
(17,728)

NET ASSETS
  
1,014,960
835,726


CAPITAL AND RESERVES
  

Capital redemption reserve
  
5
5

Profit and loss account
  
1,014,955
835,721

  
1,014,960
835,726


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
REGISTERED NUMBER: 00774830
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D G Stewart
Director

Date: 14 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

The Company is a private company limited by shares and incorporated in England and Wales.  Its registered office address is 5 Winship Road, Milton, Cambridge, CB24 6BQ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of roofing services supplied during the year, exclusive of Value Added Tax and trade discounts.  Turnover is recognised as the fair value of the consideration received or receivable.
Turnover from a contract to supply services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract, when the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably;
- the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.3
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
straight line
Motor vehicles
-
20%
straight line
Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

STOCKS AND WORK IN PROGRESS

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. 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.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

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

Page 4

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences.  Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 20 (2023 - 22).

Page 5

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



COST


At 1 April 2023
46,676
153,077
33,849
233,602


Additions
-
66,684
4,710
71,394


Disposals
-
(28,448)
-
(28,448)



At 31 March 2024

46,676
191,313
38,559
276,548



DEPRECIATION


At 1 April 2023
44,701
82,252
25,902
152,855


Charge for the year on owned assets
504
12,174
4,027
16,705


Charge for the year on financed assets
-
9,879
-
9,879


Disposals
-
(23,848)
-
(23,848)



At 31 March 2024

45,205
80,457
29,929
155,591



NET BOOK VALUE



At 31 March 2024
1,471
110,856
8,630
120,957



At 31 March 2023
1,975
70,825
7,947
80,747

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
33,688
19,142

Page 6

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


STOCKS

2024
2023
£
£

Raw materials and consumables
69,672
64,861

Work in progress
31,896
137,607

101,568
202,468



6.


DEBTORS

2024
2023
£
£


Trade debtors
451,045
332,051

Other debtors
284,282
306,717

Prepayments and accrued income
26,390
26,655

761,717
665,423



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
49,201
216,424

Corporation tax
82,801
37,651

Other taxation and social security
14,018
20,202

Obligations under finance lease and hire purchase contracts
5,407
3,740

Other creditors
5,163
29,006

Accruals and deferred income
17,542
16,425

174,132
323,448


Included within other creditors are amounts due to defined contribution pension schemes of £NIL (2023 - £1,245).  
Obligations under finance lease and hire purchase contracts are secured against the assets concerned.

Page 7

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
13,640
14,926


Obligations under finance lease and hire purchase contracts are secured against the assets concerned.


9.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
17,728
18,041


Charged to profit or loss
10,173
(313)



AT END OF YEAR
27,901
17,728

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
27,901
17,728


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



60 Ordinary shares of £0.005 each
0.30
0.30


Page 8

 
ROOFING CONTRACTORS (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


COMMITMENTS UNDER OPERATING LEASES

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
13,389
29,889

Later than 1 year and not later than 5 years
3,184
16,573

16,573
46,462


12.


TRANSACTIONS WITH DIRECTORS

Other debtors includes a balance outstanding as at the balance sheet date of £201,267 (2023 - £201,267) owing from the directors.  The loan is interest-free and repayable on demand.

 
Page 9