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REGISTERED NUMBER: 13824820 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,016 3,374
Tangible assets 5 19,654 23,751
22,670 27,125

CURRENT ASSETS
Debtors 6 22,522 10,260
Cash at bank and in hand 45,078 43,319
67,600 53,579
CREDITORS
Amounts falling due within one year 7 36,533 49,213
NET CURRENT ASSETS 31,067 4,366
TOTAL ASSETS LESS CURRENT LIABILITIES 53,737 31,491

PROVISIONS FOR LIABILITIES 8 5,065 -
NET ASSETS 48,672 31,491

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 48,671 31,490
SHAREHOLDERS' FUNDS 48,672 31,491

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 his 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.

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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 22 October 2024 and were signed by:





P J Sabine - Director


ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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


1. STATUTORY INFORMATION

Absolute Warm Roofs And Studios Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13824820

Registered office: Unit 31 The Court Yard
Greenewable Station Lane
Offord Cluny
St Neots
Cambridgeshire
PE19 5ZA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of ten years.

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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


2. ACCOUNTING POLICIES - continued

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the assets compared to the carrying amount of the asset.

Financial instruments
The company holds basic financial instruments as defined in FRS. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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


2. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 3,583
AMORTISATION
At 1 February 2023 209
Charge for year 358
At 31 January 2024 567
NET BOOK VALUE
At 31 January 2024 3,016
At 31 January 2023 3,374

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 31,748
Additions 4,115
Disposals (2,000 )
At 31 January 2024 33,863
DEPRECIATION
At 1 February 2023 7,997
Charge for year 6,712
Eliminated on disposal (500 )
At 31 January 2024 14,209
NET BOOK VALUE
At 31 January 2024 19,654
At 31 January 2023 23,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,547 10,260
Other debtors 975 -
22,522 10,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,309 3,087
Taxation and social security 22,220 11,915
Other creditors 12,004 34,211
36,533 49,213

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,065 -

ABSOLUTE WARM ROOFS AND STUDIOS LIMITED (REGISTERED NUMBER: 13824820)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 5,065
Balance at 31 January 2024 5,065

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £2,000) were paid to the director .

At the year end a director was owed £12,004 (2023 - £33,617). This loan is unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is P J Sabine.