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REGISTERED NUMBER: 08585557 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Southern Roofline Supplies Limited

Southern Roofline Supplies Limited (Registered number: 08585557)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southern Roofline Supplies Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Williams
Mrs C Williams





REGISTERED OFFICE: Unit 1
Whitney Road
Daneshill Industrial Estate
Basingstoke
Hampshire
RG24 8NS





REGISTERED NUMBER: 08585557 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Southern Roofline Supplies Limited (Registered number: 08585557)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,164 58,553

CURRENT ASSETS
Stocks 89,896 113,873
Debtors 5 71,690 68,788
Cash at bank and in hand 93,342 121,009
254,928 303,670
CREDITORS
Amounts falling due within one year 6 149,767 161,187
NET CURRENT ASSETS 105,161 142,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,325

201,036

CREDITORS
Amounts falling due after more than one
year

7

(9,333

)

(14,258

)

PROVISIONS FOR LIABILITIES 10 (11,541 ) (11,974 )
NET ASSETS 130,451 174,804

CAPITAL AND RESERVES
Called up share capital 11 30,000 30,000
Retained earnings 100,451 144,804
SHAREHOLDERS' FUNDS 130,451 174,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

Southern Roofline Supplies Limited (Registered number: 08585557)

Balance Sheet - continued
30 June 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 9 September 2024 and were signed on its behalf by:





Mrs C Williams - Director


Southern Roofline Supplies Limited (Registered number: 08585557)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Southern Roofline Supplies 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 balance sheet date.


Southern Roofline Supplies Limited (Registered number: 08585557)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 800 126,748 1,312 128,860
Additions - - 4,381 4,381
Disposals - (1,900 ) - (1,900 )
At 30 June 2024 800 124,848 5,693 131,341
DEPRECIATION
At 1 July 2023 800 69,070 437 70,307
Charge for year - 14,270 1,899 16,169
Eliminated on disposal - (1,299 ) - (1,299 )
At 30 June 2024 800 82,041 2,336 85,177
NET BOOK VALUE
At 30 June 2024 - 42,807 3,357 46,164
At 30 June 2023 - 57,678 875 58,553

Southern Roofline Supplies Limited (Registered number: 08585557)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS - continued

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £20,204 (2023: £42,066)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 57,187 58,211
Other debtors 14,503 10,577
71,690 68,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 8) 4,924 9,424
Trade creditors 56,740 83,142
Taxation and social security 85,433 66,037
Other creditors 2,670 2,584
149,767 161,187

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 8) 9,333 14,258

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 4,924 9,424
Between one and five years 9,333 14,258
14,257 23,682

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 26,982 9,408
Between one and five years 86,362 25,313
113,344 34,721

Southern Roofline Supplies Limited (Registered number: 08585557)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 14,257 23,682

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 11,541 11,974

Deferred
tax
£   
Balance at 1 July 2023 11,974
Accelerated capital allowances (433 )
Balance at 30 June 2024 11,541

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
30,000 Ordinary £1 30,000 30,000