Company registration number 10612092 (England and Wales)
BRITELITE FLAT ROOFING CO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
BRITELITE FLAT ROOFING CO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRITELITE FLAT ROOFING CO LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(5,021)
(5,021)
Net current liabilities
(5,021)
(5,021)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(6,021)
(6,021)
Total equity
(5,021)
(5,021)
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Mr S J Bourn
Mr D Baxter
Director
Director
Company registration number 10612092 (England and Wales)
BRITELITE FLAT ROOFING CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
Britelite Flat Roofing Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 4 Tabernacle Street, London, EC2A 4LU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Following decisions to reduce overheads within the group, the decision was made by the Directors to cease trade in Britelite Flat Roofing Co Limited in May 2021. The trade and associated assets and liabilities were then transferred to Britelite Windows Limited.true
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.4
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
BRITELITE FLAT ROOFING CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
3
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
5,021
5,021
The amounts owed to the parent and fellow group undertakings are interest free, with no security and no fixed repayment terms.
4
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Seamus Ferguson FCA
Statutory Auditor:
Goldblatts
Date of audit report:
31 October 2024
5
Related party transactions
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due to related parties
£
£
Fellow subsidiaries
5,021
5,021
Sales of goods to related parties were made at the company's usual list price. Purchases were made at market price.
The amounts outstanding are unsecured and will be settled in cash
6
Parent company
The parent company of Britelite Flat Roofing Co Limited is Britelite Home Improvement Group Limited and its registered office is 4th Floor, 4 Tabernacle Street, London, EC2A 4LU.
The following are the parents of the largest and smallest groups in which this company's results are consolidated:
Largest group
Britelite Home Improvement Group Limited
Smallest group
Britelite Home Improvement Group Limited