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Registration number: 12402998

Empire Roofing Services (Oxford) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Empire Roofing Services (Oxford) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Empire Roofing Services (Oxford) Ltd

Company Information

Director

A Maudsley

Registered office

48b Shilton Road
Carterton
OX18 1EH

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

Empire Roofing Services (Oxford) Ltd

(Registration number: 12402998)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

108,008

54,072

Current assets

 

Debtors

5

237,452

236,331

Cash at bank and in hand

 

579,815

217,519

 

817,267

453,850

Creditors: Amounts falling due within one year

6

(175,988)

(126,141)

Net current assets

 

641,279

327,709

Total assets less current liabilities

 

749,287

381,781

Creditors: Amounts falling due after more than one year

6

(10,853)

(24,131)

Provisions for liabilities

(24,597)

(8,446)

Net assets

 

713,837

349,204

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

713,737

349,104

Shareholders' funds

 

713,837

349,204

 

Empire Roofing Services (Oxford) Ltd

(Registration number: 12402998)
Balance Sheet as at 30 April 2024 (continued)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 September 2024
 

.........................................
A Maudsley
Director

 

Empire Roofing Services (Oxford) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
48b Shilton Road
Carterton
OX18 1EH

These financial statements were authorised for issue by the director on 27 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Empire Roofing Services (Oxford) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Empire Roofing Services (Oxford) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

Asset class

Depreciation method and rate

Website

25% reducing balance

Vans

25% reducing balance

Equipment

25% reducing balance

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Empire Roofing Services (Oxford) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

4,831

2,884

88,674

96,389

Additions

32,880

6,061

50,997

89,938

At 30 April 2024

37,711

8,945

139,671

186,327

Depreciation

At 1 May 2023

2,160

905

39,252

42,317

Charge for the year

8,887

2,010

25,105

36,002

At 30 April 2024

11,047

2,915

64,357

78,319

Carrying amount

At 30 April 2024

26,664

6,030

75,314

108,008

At 30 April 2023

2,671

1,979

49,422

54,072

5

Debtors

Current

2024
£

2023
£

Trade debtors

216,472

230,107

Prepayments

10,566

-

Other debtors

10,414

6,224

 

237,452

236,331

 

Empire Roofing Services (Oxford) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

13,641

14,419

Trade creditors

 

1,700

419

Taxation and social security

 

133,259

86,170

Accruals and deferred income

 

13,946

1,440

Other creditors

 

13,442

23,693

 

175,988

126,141

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

10,853

24,131

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Empire Roofing Services (Oxford) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

1,919

6,222

Hire purchase contracts

8,934

17,909

10,853

24,131

2024
£

2023
£

Current loans and borrowings

Bank borrowings

4,667

4,666

Hire purchase contracts

8,974

9,753

13,641

14,419