Registered number
14115949
N Gill Roofing Services Ltd
Unaudited Filleted Accounts
For the Year Ended
31 May 2024
N Gill Roofing Services Ltd
Registered number: 14115949
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,152 8,238
Current assets
Stocks 8,694 -
Debtors 4 48,536 32,868
Cash at bank and in hand 20,221 9,646
77,451 42,514
Creditors: amounts falling due within one year 5 (42,947) (24,215)
Net current assets 34,504 18,299
Total assets less current liabilities 56,656 26,537
Creditors: amounts falling due after more than one year 6 (17,475) (10,810)
Provisions for liabilities (5,538) (1,565)
Net assets 33,643 14,162
Capital and reserves
Called up share capital 10 10
Profit and loss account 33,633 14,152
Shareholders' funds 33,643 14,162
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.
NP Gill
Director
Approved by the board on 25 September 2024
N Gill Roofing Services Ltd
Notes to the Accounts
for the year ended 31 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:
Plant and machinery 10% 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 825 9,995 10,820
Additions 316 22,495 22,811
At 31 May 2024 1,141 32,490 33,631
Depreciation
At 1 June 2023 83 2,499 2,582
Charge for the year 180 8,717 8,897
At 31 May 2024 263 11,216 11,479
Net book value
At 31 May 2024 878 21,274 22,152
At 31 May 2023 742 7,496 8,238
4 Debtors 2024 2023
£ £
Trade debtors 18,462 23,375
Other debtors 30,074 9,493
48,536 32,868
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 26,190 22,872
Other creditors 16,757 1,343
42,947 24,215
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 17,475 10,810
7 Other information
N Gill Roofing Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Michaelson Road
Kendal
Cumbria
LA9 5JQ
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