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REGISTERED NUMBER: 01853270 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Contour Roofing (Essex) Limited

Contour Roofing (Essex) Limited (Registered number: 01853270)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Contour Roofing (Essex) Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mr J Woods
Mr L J Clift





REGISTERED OFFICE: 12 Harolds Road
The Pinnacles
Harlow
Essex
CM19 5BJ





REGISTERED NUMBER: 01853270 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Contour Roofing (Essex) Limited (Registered number: 01853270)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 714,650 700,745

CURRENT ASSETS
Stocks 5 314,309 421,245
Debtors 6 2,376,497 2,514,998
Cash at bank and in hand 1,101,222 811,580
3,792,028 3,747,823
CREDITORS
Amounts falling due within one year 7 1,525,521 2,006,331
NET CURRENT ASSETS 2,266,507 1,741,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,981,157

2,442,237

CREDITORS
Amounts falling due after more than one
year

8

(557,075

)

(651,171

)

PROVISIONS FOR LIABILITIES 11 (176,723 ) (153,176 )
NET ASSETS 2,247,359 1,637,890

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 2,237,359 1,627,890
SHAREHOLDERS' FUNDS 2,247,359 1,637,890

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.

Contour Roofing (Essex) Limited (Registered number: 01853270)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr J Woods - Director


Contour Roofing (Essex) Limited (Registered number: 01853270)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Contour Roofing (Essex) 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

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


Work in progress
Work in progress at the year end is valued at the contract costs plus margin, less any foreseeable losses to date as described in the turnover accounting policy above, taking into account payments received on account to date.

Where the cost plus margin less any foreseeable losses is in excess of payments on account, the excess is included as "amounts recoverable on contracts" under debtors in the statement of financial position/balance sheet. Where payments on account are in excess of cost plus margin less any foreseeable losses, the excess is included as "excess payments on account" under creditors in the Statement of Financial Position/Balance Sheet.

Contour Roofing (Essex) Limited (Registered number: 01853270)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, 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.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Contour Roofing (Essex) Limited (Registered number: 01853270)

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 28 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 110,814 62,519 72,256 799,520 1,045,109
Additions - 857 13,678 263,554 278,089
Disposals - - (24,613 ) (182,510 ) (207,123 )
At 31 March 2024 110,814 63,376 61,321 880,564 1,116,075
DEPRECIATION
At 1 April 2023 31,027 44,807 50,096 218,434 344,364
Charge for year 2,216 2,786 4,333 149,079 158,414
Eliminated on disposal - - (21,501 ) (79,852 ) (101,353 )
At 31 March 2024 33,243 47,593 32,928 287,661 401,425
NET BOOK VALUE
At 31 March 2024 77,571 15,783 28,393 592,903 714,650
At 31 March 2023 79,787 17,712 22,160 581,086 700,745

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 640,983
Additions 263,554
Disposals (182,510 )
At 31 March 2024 722,027
DEPRECIATION
At 1 April 2023 123,045
Charge for year 134,970
Eliminated on disposal (79,852 )
At 31 March 2024 178,163
NET BOOK VALUE
At 31 March 2024 543,864
At 31 March 2023 517,938

5. STOCKS
2024 2023
£    £   
Stocks 314,309 421,245

Contour Roofing (Essex) Limited (Registered number: 01853270)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,200,280 2,314,918
Amounts recoverable on contract - 43,487
Other debtors 176,217 156,593
2,376,497 2,514,998

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 133,444 125,000
Hire purchase contracts (see note 9) 189,988 127,874
Trade creditors 767,643 706,926
Taxation and social security 387,098 239,448
Other creditors 47,348 807,083
1,525,521 2,006,331

Included within bank loans and overdrafts in the prior year is a loan taken out under the BBL scheme.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 211,259 302,083
Hire purchase contracts (see note 9) 345,816 349,088
557,075 651,171

Included within bank loans in the prior year is a loan taken out under the BBL scheme.

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 189,988 127,874
Between one and five years 345,816 349,088
535,804 476,962

10. SECURED DEBTS

Hire purchases are secured on the assets concerned.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 176,723 153,176

Contour Roofing (Essex) Limited (Registered number: 01853270)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 153,176
Provided during year 23,547
Balance at 31 March 2024 176,723

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000