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REGISTERED NUMBER: 05183383 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRIAN GOW ROOFING SUPPLIES LIMITED

BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 356,131 451,307
Investments 6 1,300 1,300
357,431 452,607

CURRENT ASSETS
Stocks 1,690,744 2,167,488
Debtors 7 1,769,756 1,658,282
Cash at bank and in hand 319,075 365,200
3,779,575 4,190,970
CREDITORS
Amounts falling due within one year 8 (2,081,810 ) (2,746,525 )
NET CURRENT ASSETS 1,697,765 1,444,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,196

1,897,052

CREDITORS
Amounts falling due after more than one
year

9

(172,927

)

(253,711

)

PROVISIONS FOR LIABILITIES 10 (89,033 ) (112,827 )
NET ASSETS 1,793,236 1,530,514

CAPITAL AND RESERVES
Called up share capital 2 2
Share based payment reserve 110,518 68,712
Retained earnings 1,682,716 1,461,800
1,793,236 1,530,514

BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

BALANCE SHEET - continued
31 MARCH 2024


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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





B W H Gow - Director


BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

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


1. STATUTORY INFORMATION

Brian Gow Roofing Supplies 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: 05183383

Registered office: Unit 1, Nash Lane Scaynes Hill
Haywards Heath
West Sussex
RH17 7NJ

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

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


2. ACCOUNTING POLICIES - continued
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.

Share-based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

3. EMPLOYEES

The average number of employees during the year was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023
and 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 9,982 89,254 52,376 641,132 792,744
Additions - - - 24,167 24,167
At 31 March 2024 9,982 89,254 52,376 665,299 816,911
DEPRECIATION
At 1 April 2023 6,913 34,617 44,018 255,889 341,437
Charge for year 1,996 13,660 2,090 101,597 119,343
At 31 March 2024 8,909 48,277 46,108 357,486 460,780
NET BOOK VALUE
At 31 March 2024 1,073 40,977 6,268 307,813 356,131
At 31 March 2023 3,069 54,637 8,358 385,243 451,307

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1,300
NET BOOK VALUE
At 31 March 2024 1,300
At 31 March 2023 1,300

Fixed asset investments represent the company's interest in the share capital of National Merchant Buying Society Limited.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 1,593,796 1,485,414
Other debtors 175,960 172,868
1,769,756 1,658,282

Included within other debtors is £2,945 (2023: £5,945) due from a director. This amount is interest free and repayable on demand.

BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 99,891 112,648
Trade creditors 1,653,783 2,257,535
Taxation and social security 296,468 229,232
Other creditors 31,668 147,110
2,081,810 2,746,525

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 172,927 253,711

10. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 89,033 112,827

Deferred
tax
£   
Balance at 1 April 2023 112,827
Credit to Statement of Income and Retained Earnings during year (23,794 )
Balance at 31 March 2024 89,033

BRIAN GOW ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 05183383)

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


11. SHARE-BASED PAYMENT TRANSACTIONS

During 2022 the company granted share options to 4 individuals.

The equity based scheme has an exercise price of £67.52 per share.

The share options expire in 10 years from the date of grant.

Options are forfeited if the employee leaves the company before they become entitled to exercise the share options.

The following share options are in issue at the year end:

2024


No. of options

Weighted avg.
exercise price (£

)

Balance brought forward1,91667.52
Granted during the year--
Forfeited during the year--
Balance carried forward1,91667.52

Exercisable at year end--

The expense recognised in the year in respect of the share options is £41,806 (2023: £41,806).

The total value of share based payments included within other reserves is £110,518 (2023: £68,712).

The fair value of the share options were calculated using the Black Scholes model.

12. OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024 2023
£ £

2,069 13,713