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REGISTERED NUMBER: 09299543 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

System Roofing Contracts Ltd

System Roofing Contracts Ltd (Registered number: 09299543)






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

Chartered Accountants' Report 8

System Roofing Contracts Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G Hall
G Hall
C Hall





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 09299543 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

System Roofing Contracts Ltd (Registered number: 09299543)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,400 6,600
Tangible assets 5 22,128 30,363
26,528 36,963

CURRENT ASSETS
Stocks 24,000 19,310
Debtors 6 25,467 45,824
Cash at bank 97 21,664
49,564 86,798
CREDITORS
Amounts falling due within one year 7 59,267 102,309
NET CURRENT LIABILITIES (9,703 ) (15,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,825

21,452

CREDITORS
Amounts falling due after more than one
year

8

(9,716

)

(15,957

)

PROVISIONS FOR LIABILITIES (5,356 ) (4,154 )
NET ASSETS 1,753 1,341

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 753 341
SHAREHOLDERS' FUNDS 1,753 1,341

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 directors acknowledge their 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.

System Roofing Contracts Ltd (Registered number: 09299543)

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 Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





G Hall - Director


System Roofing Contracts Ltd (Registered number: 09299543)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

System Roofing Contracts 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

System Roofing Contracts Ltd (Registered number: 09299543)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 22,000
AMORTISATION
At 1 December 2022 15,400
Amortisation for year 2,200
At 30 November 2023 17,600
NET BOOK VALUE
At 30 November 2023 4,400
At 30 November 2022 6,600

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 58,250 369 58,619
Disposals (29,819 ) - (29,819 )
At 30 November 2023 28,431 369 28,800
DEPRECIATION
At 1 December 2022 27,983 273 28,256
Charge for year 4,967 68 5,035
Eliminated on disposal (26,619 ) - (26,619 )
At 30 November 2023 6,331 341 6,672
NET BOOK VALUE
At 30 November 2023 22,100 28 22,128
At 30 November 2022 30,267 96 30,363

System Roofing Contracts Ltd (Registered number: 09299543)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 19,810 30,605
VAT 5,657 15,219
25,467 45,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts (see note 9) 6,241 6,241
Hire purchase contracts 2,544 -
Trade creditors 12,108 20,312
Tax 21,448 41,341
Social security and other taxes - 909
Directors' current accounts 4,989 1,543
Accruals and deferred income 11,937 31,963
59,267 102,309

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans (see note 9) 9,716 15,957

9. LOANS

An analysis of the maturity of loans is given below:

30/11/23 30/11/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,241 6,241

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,241 6,241

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,475 9,716

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

System Roofing Contracts Ltd (Registered number: 09299543)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors £4,989. During the year, dividends of £73,000 were paid to the directors.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Hall.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
System Roofing Contracts Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of System Roofing Contracts Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of System Roofing Contracts Ltd, as a body, in accordance with the terms of our engagement letter dated 12 September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of System Roofing Contracts Ltd and state those matters that we have agreed to state to the Board of Directors of System Roofing Contracts Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than System Roofing Contracts Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that System Roofing Contracts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of System Roofing Contracts Ltd. You consider that System Roofing Contracts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of System Roofing Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


16 August 2024