Registered number
02816598
Brown Roofing (Midlands) Limited
Filleted Accounts
30 April 2024
Brown Roofing (Midlands) Limited
Registered number: 02816598
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 458,172 487,764
Current assets
Stocks 25,700 31,520
Debtors 4 1,879,922 2,345,130
Cash at bank and in hand 909,829 954,647
2,815,451 3,331,297
Creditors: amounts falling due within one year 5 (840,182) (1,442,675)
Net current assets 1,975,269 1,888,622
Total assets less current liabilities 2,433,441 2,376,386
Creditors: amounts falling due after more than one year 6 (333) (333)
Provisions for liabilities (91,157) (98,304)
Net assets 2,341,951 2,277,749
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,340,951 2,276,749
Shareholders' funds 2,341,951 2,277,749
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R L Mills
Director
Approved by the board on 1 October 2024
Brown Roofing (Midlands) Limited
Notes to the Accounts
for the year ended 30 April 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:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 103,547 68,398 663,578 835,523
Additions - 13,616 132,449 146,065
Disposals - - (111,815) (111,815)
At 30 April 2024 103,547 82,014 684,212 869,773
Depreciation
At 1 May 2023 9,000 38,890 299,869 347,759
Charge for the year 1,000 10,781 110,761 122,542
On disposals - - (58,700) (58,700)
At 30 April 2024 10,000 49,671 351,930 411,601
Net book value
At 30 April 2024 93,547 32,343 332,282 458,172
At 30 April 2023 94,547 29,508 363,709 487,764
4 Debtors 2024 2023
£ £
Trade debtors 1,765,208 2,205,326
Other debtors 114,714 139,804
1,879,922 2,345,130
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 616,173 1,142,072
Amounts owed to group undertakings and undertakings in which the company has a participating interest 62,123 73,485
Taxation and social security costs 157,186 226,415
Other creditors 4,700 703
840,182 1,442,675
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 333 333
7 Controlling party
The company is an 81% subsidiary of R.C. UK Ltd, a company registered in England and Wales, whose directors include directors of this company. The controlling parties of R.C. UK Ltd are RJ Brown and RL Mills. The registered office of R.C. UK Ltd is Unit 10 J, Buntsford Park Road, Bromsgrove, Worcestershire B60 3DX.
8 Other information
Brown Roofing (Midlands) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10J Bruntsford Park Road
Bromsgrove
Worcestershire
B60 3DX
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