Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10617437 Mr Daniel Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10617437 2023-02-28 10617437 2024-02-28 10617437 2023-03-01 2024-02-28 10617437 frs-core:CurrentFinancialInstruments 2024-02-28 10617437 frs-core:Non-currentFinancialInstruments 2024-02-28 10617437 frs-core:BetweenOneFiveYears 2024-02-28 10617437 frs-core:ComputerEquipment 2024-02-28 10617437 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10617437 frs-core:ComputerEquipment 2023-02-28 10617437 frs-core:MotorVehicles 2024-02-28 10617437 frs-core:MotorVehicles 2023-03-01 2024-02-28 10617437 frs-core:MotorVehicles 2023-02-28 10617437 frs-core:PlantMachinery 2024-02-28 10617437 frs-core:PlantMachinery 2023-03-01 2024-02-28 10617437 frs-core:PlantMachinery 2023-02-28 10617437 frs-core:ShareCapital 2024-02-28 10617437 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10617437 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10617437 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10617437 frs-bus:SmallEntities 2023-03-01 2024-02-28 10617437 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10617437 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10617437 frs-bus:Director1 2023-03-01 2024-02-28 10617437 frs-bus:Director1 2023-02-28 10617437 frs-bus:Director1 2024-02-28 10617437 frs-countries:EnglandWales 2023-03-01 2024-02-28 10617437 2022-02-28 10617437 2023-02-28 10617437 2022-03-01 2023-02-28 10617437 frs-core:CurrentFinancialInstruments 2023-02-28 10617437 frs-core:Non-currentFinancialInstruments 2023-02-28 10617437 frs-core:BetweenOneFiveYears 2023-02-28 10617437 frs-core:ShareCapital 2023-02-28 10617437 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10617437
Northern Roofing Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10617437
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 122,424 47,681
122,424 47,681
CURRENT ASSETS
Debtors 5 436,216 258,326
Cash at bank and in hand 52,526 34,011
488,742 292,337
Creditors: Amounts Falling Due Within One Year 6 (279,640 ) (259,792 )
NET CURRENT ASSETS (LIABILITIES) 209,102 32,545
TOTAL ASSETS LESS CURRENT LIABILITIES 331,526 80,226
Creditors: Amounts Falling Due After More Than One Year 7 (46,036 ) (54,863 )
NET ASSETS 285,490 25,363
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 285,390 25,263
SHAREHOLDERS' FUNDS 285,490 25,363
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For the year ending 28 February 2024 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 Income Statement.
On behalf of the board
Mr Daniel Simpson
Director
27/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Northern Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10617437 . The registered office is Unit 1 44 Dolly Lane, Leeds, LS9 7TU.
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
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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.
...CONTINUED
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2.5. Taxation - continued
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: 8 (2023: 9)
8 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 6,900 72,259 884 80,043
Additions - 92,841 - 92,841
As at 28 February 2024 6,900 165,100 884 172,884
Depreciation
As at 1 March 2023 1,868 30,214 280 32,362
Provided during the period 1,258 16,545 295 18,098
As at 28 February 2024 3,126 46,759 575 50,460
Net Book Value
As at 28 February 2024 3,774 118,341 309 122,424
As at 1 March 2023 5,032 42,045 604 47,681
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 394,951 163,676
Prepayments and accrued income - 56,244
Other debtors 13,400 2,200
VAT 12,309 36,206
Director's loan account 5,770 -
Amounts owed by other participating interests 9,786 -
436,216 258,326
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 145,810 113,652
Bank loans and overdrafts 2,541 1,714
Corporation tax 83,457 8,871
Other taxes and social security 46,324 18,817
Net wages - 1,600
Other creditors 171 67,650
Accruals and deferred income 875 832
Director's loan account - 3,148
Amounts owed to group undertakings 462 43,508
279,640 259,792
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,587 6,956
Bank loans 42,449 47,907
46,036 54,863
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 3,587 6,956
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Daniel Simpson (3,143 ) 118,088 (109,170 ) - 5,770
The above loan is unsecured, interest free and repayable by 30th June 2024.
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11. Related Party Transactions
Northern Roofing Supplies LimitedUnder common controlAs at the balance sheet date the amount owed by related party was £462. 2023: £462

Northern Roofing Supplies Limited

Under common control

As at the balance sheet date the amount owed by related party was £462. 2023: £462

Northern Reactive Maintenance LtdUnder common controlAs at the balance sheet date the amount owed by related party was £ 9,786. 2023: £43,046.05 owed by related party.

Northern Reactive Maintenance Ltd

Under common control

As at the balance sheet date the amount owed by related party was £ 9,786. 2023: £43,046.05 owed by related party.

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