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REGISTERED NUMBER: 12043808 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NICHOLAS FLAT ROOFING CO LIMITED

NICHOLAS FLAT ROOFING CO LIMITED (REGISTERED NUMBER: 12043808)






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


NICHOLAS FLAT ROOFING CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs H A Nicholas
S P Nicholas





REGISTERED OFFICE: 38 Boyd Avenue
Padstow
Cornwall
PL28 8ER





REGISTERED NUMBER: 12043808 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

NICHOLAS FLAT ROOFING CO LIMITED (REGISTERED NUMBER: 12043808)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,247 37,379

CURRENT ASSETS
Debtors 5 325,829 197,060
Cash at bank 53,213 354,055
379,042 551,115
CREDITORS
Amounts falling due within one year 6 283,635 278,219
NET CURRENT ASSETS 95,407 272,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,654

310,275

PROVISIONS FOR LIABILITIES 7,258 7,102
NET ASSETS 402,396 303,173

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,296 303,073
402,396 303,173

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.

NICHOLAS FLAT ROOFING CO LIMITED (REGISTERED NUMBER: 12043808)

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 14 August 2024 and were signed on its behalf by:




Mrs H A Nicholas - Director



S P Nicholas - Director


NICHOLAS FLAT ROOFING CO LIMITED (REGISTERED NUMBER: 12043808)

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

1. STATUTORY INFORMATION

Nicholas Flat Roofing Co 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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

NICHOLAS FLAT ROOFING CO LIMITED (REGISTERED NUMBER: 12043808)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 - 65,531 65,531
Additions 285,168 1,393 286,561
At 31 March 2024 285,168 66,924 352,092
DEPRECIATION
At 1 April 2023 - 28,152 28,152
Charge for year - 9,693 9,693
At 31 March 2024 - 37,845 37,845
NET BOOK VALUE
At 31 March 2024 285,168 29,079 314,247
At 31 March 2023 - 37,379 37,379

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 305,181 144,688
Other debtors 20,173 51,897
Prepayments 475 475
325,829 197,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,639 19,459
Hire purchase contracts 18,632 26,169
Trade creditors 88,482 93,189
Tax 92,859 56,531
Social security and other taxes 44,828 43,826
Other creditors 10,755 246
Directors' current accounts 12,233 35,948
Accrued expenses 2,207 2,851
283,635 278,219