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REGISTERED NUMBER: 02536988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

K Waddington and Sons
Roofing Contractors Limited

K Waddington and Sons
Roofing Contractors Limited (Registered number: 02536988)






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


K Waddington and Sons
Roofing Contractors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K Waddington
C K Waddington
L J Waddington
A P White
G Bullock
Mrs V Davies



SECRETARY: Mrs J Waddington



REGISTERED OFFICE: Units 9 & 10
Harborough Hill Road
Barnsley
South Yorkshire
S71 1BQ



REGISTERED NUMBER: 02536988 (England and Wales)



ACCOUNTANTS: Trevor Billard and Company Limited
Chartered Accountants
BBIC
Innovation Way
Barnsley
South Yorkshire
S75 1JL



BANKERS: HSBC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

K Waddington and Sons
Roofing Contractors Limited (Registered number: 02536988)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 610,988 618,539

CURRENT ASSETS
Stocks 22,200 20,200
Debtors 5 1,299,929 1,385,701
Cash at bank and in hand 1,124,820 790,875
2,446,949 2,196,776
CREDITORS
Amounts falling due within one year 6 786,344 800,576
NET CURRENT ASSETS 1,660,605 1,396,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,271,593

2,014,739

CREDITORS
Amounts falling due after more than one
year

7

(379,958

)

(370,290

)

PROVISIONS FOR LIABILITIES (142,192 ) (164,195 )
NET ASSETS 1,749,443 1,480,254

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,748,443 1,479,254
SHAREHOLDERS' FUNDS 1,749,443 1,480,254

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 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.

K Waddington and Sons
Roofing Contractors Limited (Registered number: 02536988)

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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





L J Waddington - Director


K Waddington and Sons
Roofing Contractors Limited (Registered number: 02536988)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

K Waddington and Sons Roofing Contractors Limited is a private company, limited by shares , registered in England and Wales. 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 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.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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

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.

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.

K Waddington and Sons
Roofing Contractors Limited (Registered number: 02536988)

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 921,002
Additions 222,619
Disposals (135,987 )
At 31 January 2024 1,007,634
DEPRECIATION
At 1 February 2023 302,463
Charge for year 180,289
Eliminated on disposal (86,106 )
At 31 January 2024 396,646
NET BOOK VALUE
At 31 January 2024 610,988
At 31 January 2023 618,539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,032,176 1,075,130
Other debtors 267,753 310,571
1,299,929 1,385,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 100,556 110,136
Trade creditors 304,727 505,642
Taxation and social security 327,722 115,099
Other creditors 53,339 69,699
786,344 800,576

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 379,958 370,290

K Waddington and Sons
Roofing Contractors Limited (Registered number: 02536988)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 480,514 480,426

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Waddington.