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REGISTERED NUMBER: SC073719 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

Raynor Roofing Limited

Raynor Roofing Limited (Registered number: SC073719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Raynor Roofing Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Miss C Kelly





SECRETARY: Miss C Kelly





REGISTERED OFFICE: Craigmill House
Bridgefoot
Dundee
DD3 0PH





REGISTERED NUMBER: SC073719 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Raynor Roofing Limited (Registered number: SC073719)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,388 46,787

CURRENT ASSETS
Stocks 24,240 23,010
Debtors 5 597,654 538,076
Cash at bank and in hand 517,756 596,373
1,139,650 1,157,459
CREDITORS
Amounts falling due within one year 6 86,333 110,272
NET CURRENT ASSETS 1,053,317 1,047,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,705

1,093,974

PROVISIONS FOR LIABILITIES (12,858 ) (8,261 )

ACCRUALS AND DEFERRED INCOME (12,410 ) (12,410 )
NET ASSETS 1,098,437 1,073,303

CAPITAL AND RESERVES
Called up share capital 20,250 20,250
Share premium 5,650 5,650
Retained earnings 1,072,537 1,047,403
SHAREHOLDERS' FUNDS 1,098,437 1,073,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Raynor Roofing Limited (Registered number: SC073719)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





Miss C Kelly - Director


Raynor Roofing Limited (Registered number: SC073719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Raynor Roofing Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Raynor Roofing Limited (Registered number: SC073719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 191,864 13,454 172,828 42,435 420,581
Additions - - 37,300 - 37,300
Disposals - - (6,600 ) - (6,600 )
At 31 January 2024 191,864 13,454 203,528 42,435 451,281
DEPRECIATION
At 1 February 2023 177,196 13,410 144,072 39,116 373,794
Charge for year 3,667 43 8,725 830 13,265
Eliminated on disposal - - (6,166 ) - (6,166 )
At 31 January 2024 180,863 13,453 146,631 39,946 380,893
NET BOOK VALUE
At 31 January 2024 11,001 1 56,897 2,489 70,388
At 31 January 2023 14,668 44 28,756 3,319 46,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,273 32,956
Amounts owed by group undertakings 493,209 492,809
Retention 8,172 12,311
597,654 538,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44,385 68,222
Amounts owed to group undertakings 7,267 7,267
Tax 1,259 3,320
Social security and other taxes 2,879 2,810
Pensions - 169
VAT 24,600 22,541
Other creditors 5,943 5,943
86,333 110,272

A Bond and Floating Charge is held by the Royal Bank of Scotland in support of Inter-Company Cross Guarantees in relation to Raynor Roofing Limited & Raynor Building Services Limited.