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REGISTERED NUMBER: 06684899 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Huggins Roofing and Building Limited

Huggins Roofing and Building Limited (Registered number: 06684899)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Huggins Roofing and Building Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: S G Huggins





REGISTERED OFFICE: 1st Floor
130 High Street
Marlborough
Wiltshire
SN8 1LZ





REGISTERED NUMBER: 06684899 (England and Wales)





ACCOUNTANTS: Bew & Co Limited
Chartered Accountants
130 High Street
Marlborough
Wiltshire
SN8 1LZ

Huggins Roofing and Building Limited (Registered number: 06684899)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,104 1,354
Tangible assets 5 10,057 15,733
11,161 17,087

CURRENT ASSETS
Stocks 500 500
Debtors 6 1,643 1,409
Cash at bank 678,344 673,239
680,487 675,148
CREDITORS
Amounts falling due within one year 7 62,124 104,751
NET CURRENT ASSETS 618,363 570,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,524

587,484

PROVISIONS FOR LIABILITIES 2,514 2,989
NET ASSETS 627,010 584,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 626,910 584,395
SHAREHOLDERS' FUNDS 627,010 584,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Huggins Roofing and Building Limited (Registered number: 06684899)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2024 and were signed by:





S G Huggins - Director


Huggins Roofing and Building Limited (Registered number: 06684899)

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

1. STATUTORY INFORMATION

Huggins Roofing and 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 represents net invoiced work done, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 25% on reducing balance and 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 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.

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.

Huggins Roofing and Building Limited (Registered number: 06684899)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 5,000
AMORTISATION
At 1st April 2023 3,646
Charge for year 250
At 31st March 2024 3,896
NET BOOK VALUE
At 31st March 2024 1,104
At 31st March 2023 1,354

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 77,077
Additions 1,477
At 31st March 2024 78,554
DEPRECIATION
At 1st April 2023 61,344
Charge for year 7,153
At 31st March 2024 68,497
NET BOOK VALUE
At 31st March 2024 10,057
At 31st March 2023 15,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,643 1,409

Huggins Roofing and Building Limited (Registered number: 06684899)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 737 -
Taxation and social security 32,860 48,577
Other creditors 28,527 56,174
62,124 104,751