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REGISTERED NUMBER: 10985985 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

STUART WHEELER ROOFING LTD

STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUART WHEELER ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S J Wheeler
Mrs K P P Wheeler





REGISTERED OFFICE: 9 Kay Crescent
Bodmin
Cornwall
PL31 1QU





REGISTERED NUMBER: 10985985 (England and Wales)





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

STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,207 33,962

CURRENT ASSETS
Stocks 5,380 700
Debtors 5 121,449 118,356
Cash at bank 40,686 24,936
167,515 143,992
CREDITORS
Amounts falling due within one year 6 183,226 153,361
NET CURRENT LIABILITIES (15,711 ) (9,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,496

24,593

CREDITORS
Amounts falling due after more than one
year

7

13,829

23,492
NET ASSETS 1,667 1,101

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,467 901
1,667 1,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 16 September 2024 and were signed on its behalf by:





S J Wheeler - Director


STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Stuart Wheeler Roofing Ltd 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
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 8,382 36,837 1,658 46,877
Additions 253 2,500 - 2,753
At 30 September 2023 8,635 39,337 1,658 49,630
DEPRECIATION
At 1 October 2022 2,306 9,687 922 12,915
Charge for year 950 4,448 110 5,508
At 30 September 2023 3,256 14,135 1,032 18,423
NET BOOK VALUE
At 30 September 2023 5,379 25,202 626 31,207
At 30 September 2022 6,076 27,150 736 33,962

STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 October 2022
and 30 September 2023 6,000
DEPRECIATION
At 1 October 2022 2,315
Charge for year 553
At 30 September 2023 2,868
NET BOOK VALUE
At 30 September 2023 3,132
At 30 September 2022 3,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 14,687 51,446
Directors' current accounts 80,188 50,392
Tax 26,574 16,518
121,449 118,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 7,800 7,650
Hire purchase contracts 2,749 2,748
Trade creditors 62,135 67,763
Corporation tax 36,280 20,774
Social security and other taxes 26,683 30,033
VAT 45,128 21,257
Other creditors 1,126 636
Accrued expenses 1,325 2,500
183,226 153,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 7,800 7,844
Bank loans - 2-5 years 5,850 14,207
Hire purchase contracts 179 1,441
13,829 23,492

STUART WHEELER ROOFING LTD (REGISTERED NUMBER: 10985985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
S J Wheeler
Balance outstanding at start of year 50,392 28,229
Amounts advanced 55,092 33,363
Amounts repaid (25,296 ) (11,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,188 50,392

Mrs K P P Wheeler
Balance outstanding at start of year - (377 )
Amounts advanced - 377
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged on the overdrawn directors loan account at the rate of 2.5% per annum.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, Mr & Mrs Wheeler, by virtue of the fact they own 100% of the company's ordinary share capital.