IRIS Accounts Production v24.2.0.383 12998430 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129984302022-11-30129984302023-11-30129984302022-12-012023-11-30129984302021-11-30129984302021-12-012022-11-30129984302022-11-3012998430ns15:EnglandWales2022-12-012023-11-3012998430ns14:PoundSterling2022-12-012023-11-3012998430ns10:Director12022-12-012023-11-3012998430ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3012998430ns10:SmallEntities2022-12-012023-11-3012998430ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3012998430ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3012998430ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3012998430ns10:FullAccounts2022-12-012023-11-3012998430ns10:OrdinaryShareClass12022-12-012023-11-3012998430ns10:Director22022-12-012023-11-3012998430ns10:RegisteredOffice2022-12-012023-11-3012998430ns5:CurrentFinancialInstruments2023-11-3012998430ns5:CurrentFinancialInstruments2022-11-3012998430ns5:Non-currentFinancialInstruments2023-11-3012998430ns5:Non-currentFinancialInstruments2022-11-3012998430ns5:ShareCapital2023-11-3012998430ns5:ShareCapital2022-11-3012998430ns5:RetainedEarningsAccumulatedLosses2023-11-3012998430ns5:RetainedEarningsAccumulatedLosses2022-11-3012998430ns5:PlantMachinery2022-12-012023-11-3012998430ns5:FurnitureFittings2022-12-012023-11-3012998430ns5:MotorVehicles2022-12-012023-11-3012998430ns5:PlantMachinery2022-11-3012998430ns5:FurnitureFittings2022-11-3012998430ns5:MotorVehicles2022-11-3012998430ns5:PlantMachinery2023-11-3012998430ns5:FurnitureFittings2023-11-3012998430ns5:MotorVehicles2023-11-3012998430ns5:PlantMachinery2022-11-3012998430ns5:FurnitureFittings2022-11-3012998430ns5:MotorVehicles2022-11-3012998430ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3012998430ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3012998430ns5:DeferredTaxation2022-12-012023-11-3012998430ns5:DeferredTaxation2023-11-3012998430ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 12998430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

REID AND STONE ROOFING LIMITED

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REID AND STONE ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: M Reid
C Stone





REGISTERED OFFICE: 64 Winrose Approach
Leeds
United Kingdom
West Yorkshire
LS10 3QG





REGISTERED NUMBER: 12998430 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,303 100,781

CURRENT ASSETS
Stocks 5 6,500 -
Debtors 6 121,653 46,233
Cash at bank 11,651 14,584
139,804 60,817
CREDITORS
Amounts falling due within one year 7 127,916 191,415
NET CURRENT ASSETS/(LIABILITIES) 11,888 (130,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,191

(29,817

)

CREDITORS
Amounts falling due after more than one
year

8

(80,311

)

-

PROVISIONS FOR LIABILITIES 9 (6,941 ) -
NET ASSETS/(LIABILITIES) 939 (29,817 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 839 (29,917 )
SHAREHOLDERS' FUNDS 939 (29,817 )

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





M Reid - Director


REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Reid And Stone Roofing Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit & Loss Account and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st December 2022 8,750 1,500 124,500 134,750
Additions 717 - - 717
At 30th November 2023 9,467 1,500 124,500 135,467
DEPRECIATION
At 1st December 2022 2,188 656 31,125 33,969
Charge for year 1,641 211 23,343 25,195
At 30th November 2023 3,829 867 54,468 59,164
NET BOOK VALUE
At 30th November 2023 5,638 633 70,032 76,303
At 30th November 2022 6,562 844 93,375 100,781

Included in the total net book value of tangible fixed assets held at 30th November 2023 was £70,665 (2022: £94,219) in respect of assets held under finance lease & hire purchase contracts.

5. STOCKS
2023 2022
£    £   
Stocks 6,500 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 106,010 26,361
VAT 15,643 19,872
121,653 46,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 20,732 108,258
Trade creditors 28,280 44,921
Tax 23,153 -
Social security and other taxes 4,140 -
Other creditors 17,029 10,595
Directors' current accounts 24,999 27,641
Accrued expenses 9,583 -
127,916 191,415

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 80,311 -

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,941 -

Deferred
tax
£   
Provided during year 6,941
Balance at 30th November 2023 6,941

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100