Registered number
09605569
Dryroof Services Limited
Unaudited Filleted Accounts
28 May 2024
Dryroof Services Limited
Registered number: 09605569
Balance Sheet
as at 28 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,709 29,495
Current assets
Stocks 31,712 32,212
Debtors 4 9,150 7,780
Cash at bank and in hand 2,154 790
43,016 40,782
Creditors: amounts falling due within one year 5 (56,101) (54,052)
Net current liabilities (13,085) (13,270)
Total assets less current liabilities 8,624 16,225
Creditors: amounts falling due after more than one year 6 (23,550) (31,184)
Net liabilities (14,926) (14,959)
Capital and reserves
Called up share capital 100 100
Profit and loss account (15,026) (15,059)
Shareholder's funds (14,926) (14,959)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr James Meehan
Director
Approved by the board on 30 August 2024
Dryroof Services Limited
Notes to the Accounts
for the year ended 28 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 29 May 2023 1,045 49,290 50,335
Additions 874 - 874
At 28 May 2024 1,919 49,290 51,209
Depreciation
At 29 May 2023 847 19,993 20,840
Charge for the year 195 8,465 8,660
At 28 May 2024 1,042 28,458 29,500
Net book value
At 28 May 2024 877 20,832 21,709
At 28 May 2023 198 29,297 29,495
4 Debtors 2024 2023
£ £
Trade debtors 9,150 7,780
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,500 6,965
Obligations under finance lease and hire purchase contracts 7,000 7,284
Trade creditors - 914
Taxation and social security costs 21,971 13,861
Directors loan account 21,750 24,129
Other creditors 880 899
56,101 54,052
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,787 19,222
Obligations under finance lease and hire purchase contracts 5,763 11,962
23,550 31,184
7 Other information
Dryroof Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
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