Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11671405 Mr Brad Graham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11671405 2022-11-30 11671405 2023-11-30 11671405 2022-12-01 2023-11-30 11671405 frs-core:CurrentFinancialInstruments 2023-11-30 11671405 frs-core:Non-currentFinancialInstruments 2023-11-30 11671405 frs-core:MotorVehicles 2023-11-30 11671405 frs-core:MotorVehicles 2022-12-01 2023-11-30 11671405 frs-core:MotorVehicles 2022-11-30 11671405 frs-core:PlantMachinery 2023-11-30 11671405 frs-core:PlantMachinery 2022-12-01 2023-11-30 11671405 frs-core:PlantMachinery 2022-11-30 11671405 frs-core:ShareCapital 2023-11-30 11671405 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11671405 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11671405 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11671405 frs-bus:SmallEntities 2022-12-01 2023-11-30 11671405 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11671405 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11671405 frs-bus:Director1 2022-12-01 2023-11-30 11671405 frs-bus:Director1 2022-11-30 11671405 frs-bus:Director1 2023-11-30 11671405 frs-core:CurrentFinancialInstruments 1 2023-11-30 11671405 frs-countries:EnglandWales 2022-12-01 2023-11-30 11671405 2021-11-30 11671405 2022-11-30 11671405 2021-12-01 2022-11-30 11671405 frs-core:CurrentFinancialInstruments 2022-11-30 11671405 frs-core:Non-currentFinancialInstruments 2022-11-30 11671405 frs-core:ShareCapital 2022-11-30 11671405 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11671405 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 11671405
BGR Roofing and Waterproofing Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11671405
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,565 99,488
84,565 99,488
CURRENT ASSETS
Stocks 5 205,000 175,000
Debtors 6 73,998 50,400
Cash at bank and in hand 96,245 93,612
375,243 319,012
Creditors: Amounts Falling Due Within One Year 7 (96,145 ) (109,817 )
NET CURRENT ASSETS (LIABILITIES) 279,098 209,195
TOTAL ASSETS LESS CURRENT LIABILITIES 363,663 308,683
Creditors: Amounts Falling Due After More Than One Year 8 (24,806 ) (35,454 )
NET ASSETS 338,857 273,229
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 338,856 273,228
SHAREHOLDERS' FUNDS 338,857 273,229
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brad Graham
Director
06/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BGR Roofing and Waterproofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11671405 . The registered office is 298 Langley Road South, Salford, M6 6ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 5 (2022: 4)
5 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 1,055 113,544 114,599
As at 30 November 2023 1,055 113,544 114,599
Depreciation
As at 1 December 2022 461 14,650 15,111
Provided during the period 89 14,834 14,923
As at 30 November 2023 550 29,484 30,034
Net Book Value
As at 30 November 2023 505 84,060 84,565
As at 1 December 2022 594 98,894 99,488
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5. Stocks
2023 2022
£ £
Stock 205,000 175,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,862 46,087
Other debtors 5,313 4,313
VAT 6,247 -
Director's loan account 34,576 -
73,998 50,400
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 50,667 62,942
Corporation tax 33,682 23,458
Other taxes and social security 9,930 2,160
VAT - 17,485
Net wages - 2,130
Other creditors (1) 1,866 1,330
Director's loan account - 312
96,145 109,817
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 24,806 35,454
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Brad Graham - - - - 34,576
The above loan is unsecured, interest free and repayable on demand.
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