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REGISTERED NUMBER: 09193841















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Prestige Metal Roofing Limited

Prestige Metal Roofing Limited (Registered number: 09193841)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Prestige Metal Roofing Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S Ward





REGISTERED OFFICE: Garland Gables
Garlands Lane
Barlestone
Nuneaton
CV13 0JD





REGISTERED NUMBER: 09193841





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Prestige Metal Roofing Limited (Registered number: 09193841)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,087 126,685

CURRENT ASSETS
Stocks 16,484 22,180
Debtors 5 139,016 81,331
Cash at bank 43,251 91,652
198,751 195,163
CREDITORS
Amounts falling due within one year 6 105,238 96,236
NET CURRENT ASSETS 93,513 98,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,600

225,612

CREDITORS
Amounts falling due after more than one year 7 (7,193 ) (14,133 )

PROVISIONS FOR LIABILITIES (38,791 ) (31,671 )
NET ASSETS 200,616 179,808

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 200,516 179,708
SHAREHOLDERS' FUNDS 200,616 179,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Prestige Metal Roofing Limited (Registered number: 09193841)

Balance Sheet - continued
31 January 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 director and authorised for issue on 30 September 2024 and were signed by:





S Ward - Director


Prestige Metal Roofing Limited (Registered number: 09193841)

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

1. STATUTORY INFORMATION

Prestige Metal Roofing Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

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.

Prestige Metal Roofing Limited (Registered number: 09193841)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 100,116 158 104,813 5,593 210,680
Additions 10,949 1,455 61,868 162 74,434
Disposals (10,109 ) - (11,233 ) - (21,342 )
At 31 January 2024 100,956 1,613 155,448 5,755 263,772
DEPRECIATION
At 1 February 2023 36,940 117 42,726 4,212 83,995
Charge for year 12,563 128 20,897 801 34,389
Eliminated on disposal - - (7,699 ) - (7,699 )
At 31 January 2024 49,503 245 55,924 5,013 110,685
NET BOOK VALUE
At 31 January 2024 51,453 1,368 99,524 742 153,087
At 31 January 2023 63,176 41 62,087 1,381 126,685

Prestige Metal Roofing Limited (Registered number: 09193841)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 February 2023
and 31 January 2024 34,475
DEPRECIATION
At 1 February 2023 11,032
Charge for year 4,689
At 31 January 2024 15,721
NET BOOK VALUE
At 31 January 2024 18,754
At 31 January 2023 23,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 97,102 56,078
Other debtors 41,914 25,253
139,016 81,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 6,940 6,940
Trade creditors 34,330 47,807
Taxation and social security 35,709 32,315
Other creditors 28,259 9,174
105,238 96,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 7,193 14,133

Prestige Metal Roofing Limited (Registered number: 09193841)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
85 Ordinary A £1 85 85
5 Ordinary B £1 5 5
5 Ordinary C £1 5 5
5 Ordinary D £1 5 5
100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £119,800 were paid to the company shareholders.

At the year end date there are total funds owed by the director to the company £27,621 (2023: NIL), which is included in other debtors.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Prestige Metal Roofing Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prestige Metal Roofing Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Prestige Metal Roofing Limited in accordance with the terms of our engagement letter dated 3 May 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Prestige Metal Roofing Limited and state those matters that we have agreed to state to the director of Prestige Metal Roofing Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Prestige Metal Roofing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prestige Metal Roofing Limited. You consider that Prestige Metal Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prestige Metal Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


Date: .............................................