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REGISTERED NUMBER: 14045409 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

B & S Roofing & Building Limited

B & S Roofing & Building Limited (Registered number: 14045409)

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


B & S Roofing & Building Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B J Morley
S L Morley





REGISTERED OFFICE: 27 Percy Street
Eastwood
Nottingham
NG16 3EP





REGISTERED NUMBER: 14045409 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

B & S Roofing & Building Limited (Registered number: 14045409)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,771 58,658

CURRENT ASSETS
Stocks 2,725 2,500
Debtors 5 108,101 112,076
Cash at bank 262,728 83,192
373,554 197,768
CREDITORS
Amounts falling due within one year 6 249,560 202,320
NET CURRENT ASSETS/(LIABILITIES) 123,994 (4,552 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,765

54,106

CREDITORS
Amounts falling due after more than one
year

7

-

(408

)

PROVISIONS FOR LIABILITIES (646 ) -
NET ASSETS 186,119 53,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,019 53,598
186,119 53,698

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.

B & S Roofing & Building Limited (Registered number: 14045409)

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 29 August 2024 and were signed on its behalf by:





S L Morley - Director


B & S Roofing & Building Limited (Registered number: 14045409)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

B & S Roofing & Building 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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 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.

B & S Roofing & Building Limited (Registered number: 14045409)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 800 2,894 69,354 2,221 75,269
Additions 4,000 1,579 17,800 430 23,809
Disposals - - (5,833 ) - (5,833 )
At 31 March 2024 4,800 4,473 81,321 2,651 93,245
DEPRECIATION
At 1 April 2023 120 434 15,975 82 16,611
Charge for year 702 487 13,747 385 15,321
Eliminated on disposal - - (1,458 ) - (1,458 )
At 31 March 2024 822 921 28,264 467 30,474
NET BOOK VALUE
At 31 March 2024 3,978 3,552 53,057 2,184 62,771
At 31 March 2023 680 2,460 53,379 2,139 58,658

B & S Roofing & Building Limited (Registered number: 14045409)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 4,076
DEPRECIATION
At 1 April 2023 1,019
Charge for year 764
At 31 March 2024 1,783
NET BOOK VALUE
At 31 March 2024 2,293
At 31 March 2023 3,057

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,762 73,351
Other debtors 1,339 38,725
108,101 112,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 575 2,000
Trade creditors 82,339 32,656
Taxation and social security 98,479 45,306
Other creditors 68,167 122,358
249,560 202,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 408