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Registered number: 11163730
Plymouth Quality Roofing Limited
Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11163730
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,579 1,665
12,579 1,665
CURRENT ASSETS
Stocks 5 13,000 12,500
Debtors 6 - 5,630
Cash at bank and in hand 1,596 774
14,596 18,904
Creditors: Amounts Falling Due Within One Year 7 (33,135 ) (26,689 )
NET CURRENT ASSETS (LIABILITIES) (18,539 ) (7,785 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,960 ) (6,120 )
NET LIABILITIES (5,960 ) (6,120 )
CAPITAL AND RESERVES
Called up share capital 8 125 125
Income Statement (6,085 ) (6,245 )
SHAREHOLDERS' FUNDS (5,960) (6,120)
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Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
David Comber
Director
1 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Plymouth Quality Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11163730 . The registered office is 4 Holtwood Road, Glenholt, Plymouth, Devon, PL6 7HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 1,129 3,000 4,129
Additions 597 15,500 16,097
Disposals - (3,000 ) (3,000 )
As at 31 January 2024 1,726 15,500 17,226
Depreciation
As at 1 February 2023 478 1,986 2,464
Provided during the period 294 3,875 4,169
Disposals - (1,986 ) (1,986 )
As at 31 January 2024 772 3,875 4,647
Net Book Value
As at 31 January 2024 954 11,625 12,579
As at 1 February 2023 651 1,014 1,665
5. Stocks
2024 2023
£ £
Stock 2,000 8,000
Work in progress 11,000 4,500
13,000 12,500
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 5,630
- 5,630
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 723 4,030
Other taxes and social security 7,293 3,319
VAT 23,145 18,026
Other creditors - 65
Accruals and deferred income 1,100 1,194
Director's loan account 874 55
33,135 26,689
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 125 125
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