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REGISTERED NUMBER: 04646898 (England and Wales)










Bingley Roofing Contractors Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Bingley Roofing Contractors Limited (Registered number: 04646898)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Bingley Roofing Contractors Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mrs J Harney
C Harney





SECRETARY: Mrs J Harney





REGISTERED OFFICE: Cullingworth Mills
Cullingworth
West Yorkshire
BD13 5AB





REGISTERED NUMBER: 04646898 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Bingley Roofing Contractors Limited (Registered number: 04646898)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,713
Tangible assets 5 170,693 198,149
170,693 202,862

CURRENT ASSETS
Stocks 46,987 56,626
Debtors 6 143,204 127,330
Cash at bank 27,436 27,189
217,627 211,145
CREDITORS
Amounts falling due within one year 7 (257,514 ) (271,221 )
NET CURRENT LIABILITIES (39,887 ) (60,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,806

142,786

CREDITORS
Amounts falling due after more than one
year

8

(76,339

)

(114,652

)

PROVISIONS FOR LIABILITIES (25,077 ) (23,984 )
NET ASSETS 29,390 4,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,290 4,050
29,390 4,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Bingley Roofing Contractors Limited (Registered number: 04646898)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mrs J Harney - Director


Bingley Roofing Contractors Limited (Registered number: 04646898)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Bingley Roofing Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, has been amortised evenly over its estimated useful life, being fully amortised within the year.

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.

Bingley Roofing Contractors Limited (Registered number: 04646898)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

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.


Bingley Roofing Contractors Limited (Registered number: 04646898)

Notes to the Financial Statements - continued
for the year ended 29 February 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.

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.

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 17 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 18,851
AMORTISATION
At 1 March 2023 14,138
Charge for year 4,713
At 29 February 2024 18,851
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 4,713

Bingley Roofing Contractors Limited (Registered number: 04646898)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 76,508 400,767 477,275
Additions - 10,000 10,000
Disposals - (7,223 ) (7,223 )
At 29 February 2024 76,508 403,544 480,052
DEPRECIATION
At 1 March 2023 4,590 274,536 279,126
Charge for year 1,531 33,830 35,361
Eliminated on disposal - (5,128 ) (5,128 )
At 29 February 2024 6,121 303,238 309,359
NET BOOK VALUE
At 29 February 2024 70,387 100,306 170,693
At 28 February 2023 71,918 126,231 198,149

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 33,021 58,482
Amounts recoverable on contract 2,956 4,349
Other debtors 107,227 64,499
143,204 127,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 79,472 106,144
Hire purchase contracts 11,313 10,885
Trade creditors 70,487 77,914
Taxation and social security 91,006 64,604
Other creditors 5,236 11,674
257,514 271,221

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 33,750 60,750
Hire purchase contracts 42,589 53,902
76,339 114,652

Bingley Roofing Contractors Limited (Registered number: 04646898)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. During the year £17,210 (2023: £17,887 has been charged to the profit and loss account in respect of pension contributions. At the balance sheet date, there were outstanding contributions of £1,490 (2023: £1,569).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
C Harney and Mrs J Harney
Balance outstanding at start of year 48,901 40,830
Amounts advanced 31,283 51,490
Amounts repaid (126 ) (43,419 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,058 48,901

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bingley Roofing Contractors Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Bingley Roofing Contractors Limited for the year ended 29 February 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bingley Roofing Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bingley Roofing Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Bingley Roofing Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bingley Roofing Contractors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bingley Roofing Contractors 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 Bingley Roofing Contractors Limited. You consider that Bingley Roofing Contractors 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 Bingley Roofing Contractors 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.






Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ


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