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REGISTERED NUMBER: 08853810 (England and Wales)















CLASSIC ROOFING MAINTENANCE LIMITED

Financial Statements for the Year Ended 31 December 2023






CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC ROOFING MAINTENANCE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr O R Beaumont
Mrs J Beaumont



REGISTERED OFFICE: 14 Bradgate Drive
Four Oaks
Sutton Coldfield
West Midlands
B74 4XG



REGISTERED NUMBER: 08853810 (England and Wales)



ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX



BANKERS: HSBC UK Bank Plc
67 The Parade
Sutton Coldfield
B72 1PD

CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,964 120,017

CURRENT ASSETS
Debtors 5 1,308,229 2,022,865
Cash at bank 295,775 88,917
1,604,004 2,111,782
CREDITORS
Amounts falling due within one year 6 855,946 1,333,173
NET CURRENT ASSETS 748,058 778,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,022

898,626

CREDITORS
Amounts falling due after more than one
year

7

(75,248

)

(127,454

)

PROVISIONS FOR LIABILITIES (31,506 ) (28,477 )
NET ASSETS 772,268 742,695

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 772,266 742,693
772,268 742,695

CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 11 September 2024 and were signed on its behalf by:





Mr O R Beaumont - Director


CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Classic Roofing Maintenance 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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
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.

CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 32,450 3,396 140,927 11,886 188,659
Additions 27,445 - 15,821 383 43,649
Disposals - - (5,300 ) - (5,300 )
At 31 December 2023 59,895 3,396 151,448 12,269 227,008
DEPRECIATION
At 1 January 2023 9,046 3,396 47,626 8,574 68,642
Charge for year 6,549 - 23,519 2,184 32,252
Eliminated on disposal - - (4,850 ) - (4,850 )
At 31 December 2023 15,595 3,396 66,295 10,758 96,044
NET BOOK VALUE
At 31 December 2023 44,300 - 85,153 1,511 130,964
At 31 December 2022 23,404 - 93,301 3,312 120,017

The net book value of tangible fixed assets includes £ 68,279 (2022 - £ 90,761 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,234,159 1,811,428
Other debtors 10,629 4,448
VAT 60,055 191,853
Prepayments 3,386 15,136
1,308,229 2,022,865

CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 30,000 30,000
Hire purchase contracts (see note 9) 22,206 22,206
Trade creditors 515,847 1,103,748
Amounts owed to participating interests 181,279 -
Social security and other taxes 40,714 97,926
Other creditors 244 -
Directors' current accounts - 13,294
Accrued expenses 65,656 65,999
855,946 1,333,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 42,500 72,500
Hire purchase contracts (see note 9) 32,748 54,954
75,248 127,454

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 30,000 30,000

Amounts falling due between one and two years:
Bank loans 30,000 30,000

Amounts falling due between two and five years:
Bank loans 12,500 42,500

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 22,206 22,206
Between one and five years 32,748 54,954
54,954 77,160

CLASSIC ROOFING MAINTENANCE LIMITED (REGISTERED NUMBER: 08853810)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 72,500 102,500
Hire purchase contracts 54,954 77,160
127,454 179,660

The bank loan is secured by a fixed and floating charge over the company's assets.

The hire purchase liabilities is secured on the asset to which the finance relates.

11. RELATED PARTY DISCLOSURES

At the year end there was a balance of £6,393 due from a related company in which all directors are also a director. This loan is interest free and repayable upon demand.

At the year end a balance of £181,279 (2022: Nil) was owed to Classic Roofing Facilities Management. This company has Common Directors.