Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false54truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06805158 2023-04-01 2024-03-31 06805158 2022-04-01 2023-03-31 06805158 2024-03-31 06805158 2023-03-31 06805158 c:Director1 2023-04-01 2024-03-31 06805158 d:PlantMachinery 2023-04-01 2024-03-31 06805158 d:MotorVehicles 2023-04-01 2024-03-31 06805158 d:OfficeEquipment 2023-04-01 2024-03-31 06805158 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06805158 d:OtherPropertyPlantEquipment 2024-03-31 06805158 d:OtherPropertyPlantEquipment 2023-03-31 06805158 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06805158 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06805158 d:CurrentFinancialInstruments 2024-03-31 06805158 d:CurrentFinancialInstruments 2023-03-31 06805158 d:Non-currentFinancialInstruments 2024-03-31 06805158 d:Non-currentFinancialInstruments 2023-03-31 06805158 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06805158 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06805158 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06805158 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06805158 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 06805158 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06805158 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06805158 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 06805158 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 06805158 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 06805158 d:ShareCapital 2024-03-31 06805158 d:ShareCapital 2023-03-31 06805158 d:RetainedEarningsAccumulatedLosses 2024-03-31 06805158 d:RetainedEarningsAccumulatedLosses 2023-03-31 06805158 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06805158 c:OrdinaryShareClass1 2024-03-31 06805158 c:OrdinaryShareClass1 2023-03-31 06805158 c:FRS102 2023-04-01 2024-03-31 06805158 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06805158 c:FullAccounts 2023-04-01 2024-03-31 06805158 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06805158 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 06805158 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 06805158 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 06805158 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 06805158 2 2023-04-01 2024-03-31 06805158 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06805158 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06805158 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 06805158 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 06805158 d:RetirementBenefitObligationsDeferredTax 2024-03-31 06805158 d:RetirementBenefitObligationsDeferredTax 2023-03-31 06805158 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 06805158 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 06805158 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06805158









DB INDUSTRIAL ROOFING LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DB INDUSTRIAL ROOFING LIMITED
REGISTERED NUMBER: 06805158

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
67,755
66,184

Current assets
  

Debtors: amounts falling due within one year
 5 
921,190
805,636

Cash at bank
  
197,760
152,215

Current liabilites
  
1,118,950
957,851

Creditors: amounts falling due within one year
 6 
(461,316)
(686,068)

Net current assets
  
 
 
657,634
 
 
271,783

Total assets less current liabilities
  
725,389
337,967

Creditors: amounts falling due after more than one year
 7 
(356,138)
(201,684)

Provisions for liabilities
  

Deferred tax
 10 
(16,809)
-

Net assets
  
352,442
136,283


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
352,342
136,183

  
352,442
136,283


Page 1

 
DB INDUSTRIAL ROOFING LIMITED
REGISTERED NUMBER: 06805158

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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.

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






Mr D Beeton
Director

Date: 19 August 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

DB Industrial Roofing Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 6 High Street, Ely, Cambridgeshire, CB7 4JU. This Company is not part of a group.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue 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; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

Page 3

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 corporation 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
Motor vehicles
-
33%
reducing balance
Office equipment
-
20%
reducing balance

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.

 
2.7

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.

Page 4

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. 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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.12

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 5 (2023 - 4).

Page 6

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixed assets

£



Cost


At 1 April 2023
175,603


Additions
40,902


Disposals
(15,000)



At 31 March 2024

201,505



Depreciation


At 1 April 2023
109,419


Charge for the year on owned assets
17,805


Charge for the year on financed assets
18,379


Disposals
(11,853)



At 31 March 2024

133,750



Net book value



At 31 March 2024
67,755



At 31 March 2023
66,184

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


2024
2023
£
£



Motor vehicles
37,314
32,892

Page 7

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
275,369
369,392

Other debtors
562,614
368,749

Prepayments and accrued income
2,158
-

Tax recoverable
81,049
55,798

Deferred taxation
-
11,697

921,190
805,636



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
77,640
43,676

Trade creditors
156,091
423,822

Corporation tax
194,651
151,628

Other taxation and social security
12,051
49,448

Obligations under finance lease and hire purchase contracts
12,671
11,250

Other creditors
1,212
244

Accruals and deferred income
7,000
6,000

461,316
686,068



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
316,752
173,638

Net obligations under finance leases and hire purchase contracts
39,386
28,046

356,138
201,684


Included within creditors are secured debts amounting to £52,057 (2023 - £39,296) which are secured on the fixed assets to which they relate. Also included within creditors are secured debts amounting to £370,005 (2023 - £183,258) which are secured via a fixed and floating charge on the Company's assets.

Page 8

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
77,640
43,676

Amounts falling due 1-2 years

Bank loans
85,086
47,186

Amounts falling due 2-5 years

Bank loans
204,206
118,348

Amounts falling due after more than 5 years

Bank loans
27,460
8,104

394,392
217,314



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
12,671
11,250

Between 1-5 years
39,386
28,046

52,057
39,296

Page 9

 
DB INDUSTRIAL ROOFING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024


£






At beginning of year
11,697


Charged to profit or loss
(28,506)



At end of year
(16,809)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(16,939)
(16,546)

Tax losses carried forward
-
28,217

Pension surplus
130
26

(16,809)
11,697


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,722 (2023 - £660). Contributions totalling £1,211 (2023 - £244) were payable to the fund at the balance sheet date and are included in creditors.


13.


Transactions with directors

At 01 April 2023 the directors owed the Company £247,921. During the year the directors paid expenses on the Company's behalf of £102,880. They also withdrew amounts totalling £171,351. Interest on beneficial loans of £6,040 was debited to the account in the year, charged at 2.25%. At 31 March 2024 the directors owed the Company £322,740. This loan is repayable on demand. S455 tax has been partially provided on the balance not cleared within 9 months of the year end.


Page 10