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REGISTERED NUMBER: 02303728 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WESSEX SLATE & TILE ROOFING SERVICES LTD

WESSEX SLATE & TILE ROOFING SERVICES LTD (REGISTERED NUMBER: 02303728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESSEX SLATE & TILE ROOFING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R N Lewis
P A Lewis
N Lewis





SECRETARY: N Lewis





REGISTERED OFFICE: Moorland Buisness Park
Moorland Road
Indian Queens
ST COLUMB
Cornwall
TR9 6HJ





REGISTERED NUMBER: 02303728 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

WESSEX SLATE & TILE ROOFING SERVICES LTD (REGISTERED NUMBER: 02303728)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,670 234,043

CURRENT ASSETS
Stocks 71,376 103,023
Debtors 5 1,114,264 1,218,294
Cash at bank and in hand 62,706 92,314
1,248,346 1,413,631
CREDITORS
Amounts falling due within one year 6 331,973 483,587
NET CURRENT ASSETS 916,373 930,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099,043

1,164,087

CREDITORS
Amounts falling due after more than one
year

7

(192,437

)

(241,905

)

PROVISIONS FOR LIABILITIES (45,668 ) (44,468 )
NET ASSETS 860,938 877,714

CAPITAL AND RESERVES
Called up share capital 5,003 5,003
Retained earnings 855,935 872,711
860,938 877,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

WESSEX SLATE & TILE ROOFING SERVICES LTD (REGISTERED NUMBER: 02303728)

BALANCE SHEET - continued
31 MARCH 2024


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 23 August 2024 and were signed on its behalf by:





R N Lewis - Director


WESSEX SLATE & TILE ROOFING SERVICES LTD (REGISTERED NUMBER: 02303728)

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

1. STATUTORY INFORMATION

Wessex Slate & Tile Roofing Services 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
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WESSEX SLATE & TILE ROOFING SERVICES LTD (REGISTERED NUMBER: 02303728)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 713,217
Additions 63,150
At 31 March 2024 776,367
DEPRECIATION
At 1 April 2023 479,174
Charge for year 114,523
At 31 March 2024 593,697
NET BOOK VALUE
At 31 March 2024 182,670
At 31 March 2023 234,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270,360 541,963
Amounts owed by group undertakings 529,591 502,639
Other debtors 314,313 173,692
1,114,264 1,218,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts (see note 8) 23,582 36,917
Trade creditors 128,923 319,942
Taxation and social security 125,747 72,544
Other creditors 13,721 14,184
331,973 483,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 53,333
Hire purchase contracts (see note 8) 179,104 188,572
192,437 241,905

WESSEX SLATE & TILE ROOFING SERVICES LTD (REGISTERED NUMBER: 02303728)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 23,582 36,917
Between one and five years 179,104 188,572
202,686 225,489


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 53,333 93,333
Hire purchase contracts 202,686 225,489
256,019 318,822

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R N Lewis
Balance outstanding at start of year 75,435 96,557
Amounts advanced 242,693 78,878
Amounts repaid (106,285 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 211,843 75,435

11. PARENT COMPANY

The controlling party is Westlands Holdings Limited.

The ultimate controlling party is R N Lewis.