Company Registration No. 10237937 (England and Wales)
Duramet Roofing Limited
Unaudited accounts
for the year ended 31 March 2024
Duramet Roofing Limited
Unaudited accounts
Contents
Duramet Roofing Limited
Company Information
for the year ended 31 March 2024
Company Number
10237937 (England and Wales)
Registered Office
2 Old Workhouse Drive
South Molton
EX36 3FW
Accountants
Westerly Accountancy Ltd
24 Orchard Road
Wrafton
Braunton
EX33 2DZ
Duramet Roofing Limited
Statement of financial position
as at 31 March 2024
Tangible assets
69,964
58,488
Cash at bank and in hand
90,894
81,271
Creditors: amounts falling due within one year
(88,891)
(88,176)
Net current assets
81,162
50,170
Total assets less current liabilities
151,126
108,658
Creditors: amounts falling due after more than one year
(28,704)
(34,259)
Provisions for liabilities
Deferred tax
(13,992)
(11,112)
Called up share capital
100
100
Profit and loss account
108,330
63,187
Shareholders' funds
108,430
63,287
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2024 and were signed on its behalf by
Ashley Gill
Director
Company Registration No. 10237937
Duramet Roofing Limited
Notes to the Accounts
for the year ended 31 March 2024
Duramet Roofing Limited is a private company, limited by shares, registered in England and Wales, registration number 10237937. The registered office is 2 Old Workhouse Drive, South Molton, EX36 3FW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Duramet Roofing Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
13,669
83,084
1,378
-
98,131
Additions
1,373
30,495
-
592
32,460
Disposals
-
-
(1,378)
-
(1,378)
At 31 March 2024
15,042
113,579
-
592
129,213
At 1 April 2023
6,583
32,274
786
-
39,643
Charge for the year
1,840
18,358
-
194
20,392
On disposals
-
-
(786)
-
(786)
At 31 March 2024
8,423
50,632
-
194
59,249
At 31 March 2024
6,619
62,947
-
398
69,964
At 31 March 2023
7,086
50,810
592
-
58,488
Amounts falling due within one year
Trade debtors
69,441
46,139
Accrued income and prepayments
9,318
7,042
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,556
5,556
Taxes and social security
21,101
7,185
Loans from directors
413
11,041
7
Creditors: amounts falling due after more than one year
2024
2023
Duramet Roofing Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).