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REGISTERED NUMBER: 03700831 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ABOUT ROOFING SUPPLIES LIMITED

ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABOUT ROOFING SUPPLIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: J Rivolta
D Rivolta





REGISTERED OFFICE: 34 Ormside Way
Holmethorpe Industrial Estate
Redhill
Surrey
RU1 2LW





REGISTERED NUMBER: 03700831 (England and Wales)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,259 55,913

CURRENT ASSETS
Stocks 920,064 1,227,172
Debtors 5 1,443,676 1,446,960
Cash in hand 6,103 7,421
2,369,843 2,681,553
CREDITORS
Amounts falling due within one year 6 1,492,338 1,827,362
NET CURRENT ASSETS 877,505 854,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

912,764

910,104

CREDITORS
Amounts falling due after more than one year 7 (14,125 ) (24,125 )

PROVISIONS FOR LIABILITIES (5,736 ) (5,073 )
NET ASSETS 892,903 880,906

CAPITAL AND RESERVES
Called up share capital 306 306
Retained earnings 892,597 880,600
SHAREHOLDERS' FUNDS 892,903 880,906

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.

ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)

BALANCE SHEET - continued
31 March 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 7 November 2024 and were signed on its behalf by:





J Rivolta - Director


ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

About Roofing Supplies 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.
Leasehold improvements - 10% on cost
Computer Software - 33% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost

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.

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.

ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Computer Plant and
improvements Software machinery
£    £    £   
COST
At 1 April 2023 166,740 253,879 262,249
Additions - - -
At 31 March 2024 166,740 253,879 262,249
DEPRECIATION
At 1 April 2023 138,796 253,876 237,324
Charge for year 16,674 - 6,231
At 31 March 2024 155,470 253,876 243,555
NET BOOK VALUE
At 31 March 2024 11,270 3 18,694
At 31 March 2023 27,944 3 24,925

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 16,885 20,246 719,999
Additions 5,030 - 5,030
At 31 March 2024 21,915 20,246 725,029
DEPRECIATION
At 1 April 2023 15,950 18,140 664,086
Charge for year 1,492 1,287 25,684
At 31 March 2024 17,442 19,427 689,770
NET BOOK VALUE
At 31 March 2024 4,473 819 35,259
At 31 March 2023 935 2,106 55,913

ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 467,608 709,557
Other debtors 976,068 737,403
1,443,676 1,446,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 829,271 657,371
Trade creditors 609,759 997,428
Taxation and social security 13,558 165,313
Other creditors 39,750 7,250
1,492,338 1,827,362

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 14,075 24,075
Other creditors 50 50
14,125 24,125

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 819,271 647,371
Bank loans 24,075 34,075
843,346 681,446

The bank holds a debenture dated 15th April 1999.

ABOUT ROOFING SUPPLIES LIMITED (REGISTERED NUMBER: 03700831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

The company made purchases from its parent company, About Roofing Limited, of £158,333 (2023 - £248,333)

Amount due from About Roofing Limited at the balance sheet date was £19,625 (2023 - £165)

The company made sales to a parent of About Roofing Limited, BDJ Estates Limited, of £10,141 (2023 - £24,426) and made purchases of £148,750 (2023 - £159,583)

Amount due from BDJ Estates Limited at the balance sheet date was £266,407 (2023 - £312,996)

The company made sales to a company controlled by its directors, About Building Limited of £750,258 (2023 - £32,614) and made purchases of £40,216 (2023 - £138,689)

Amount due from About Building Limited at the balance sheet date was £674,306 (2023 - £424,242).

10. CONTROLLING PARTY

The controlling party is About Roofing Ltd.