J MONTGOMERY ROOFING LIMITED

Company Registration Number:
SC435731 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

J MONTGOMERY ROOFING LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

J MONTGOMERY ROOFING LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 223,762 181,917
Total fixed assets: 223,762 181,917
Current assets
Stocks: 115,000 115,000
Debtors:   339,312 544,286
Cash at bank and in hand: 263,846 120,514
Total current assets: 718,158 779,800
Creditors: amounts falling due within one year: 4 (364,222) (517,237)
Net current assets (liabilities): 353,936 262,563
Total assets less current liabilities: 577,698 444,480
Creditors: amounts falling due after more than one year: 5 (20,624) (31,273)
Total net assets (liabilities): 557,074 413,207
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 557,070 413,203
Shareholders funds: 557,074 413,207

The notes form part of these financial statements

J MONTGOMERY ROOFING LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: James Montgomery
Status: Director

The notes form part of these financial statements

J MONTGOMERY ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents sales made during the year, exclusive of value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided on fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Motor vehicles - 25% per annum on a reducing balance basis Tools and equipment - 15% per annum on a reducing balance basis Office equipment - 15% per annum on a reducing balance basis

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

J MONTGOMERY ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 20 23

J MONTGOMERY ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 252,897
Additions 107,493
At 30 November 2023 360,390
Depreciation
At 01 December 2022 70,980
Charge for year 65,648
At 30 November 2023 136,628
Net book value
At 30 November 2023 223,762
At 30 November 2022 181,917

J MONTGOMERY ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

Trade creditors £89,141; Bank loan £10,648; Hire purchase creditors £52,096; Other creditors £211,437; Accruals and deferred income £900; Total £364,222

J MONTGOMERY ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due after more than one year note

Bank loan £20,624