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REGISTERED NUMBER: 03330475 (England and Wales)















Rooftop Tiling (Wales) Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Rooftop Tiling (Wales) Limited (Registered number: 03330475)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rooftop Tiling (Wales) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr H D Williams
Mrs D L Williams





SECRETARY: Mrs D L Williams





REGISTERED OFFICE: Ty Coed Brynna Road
Brynna
Llanharan
Pontyclun
Mid Glamorgan
CF72 9QF





REGISTERED NUMBER: 03330475 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Rooftop Tiling (Wales) Limited (Registered number: 03330475)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,982 243,140
Investment property 5 1,176,482 1,176,482
1,444,464 1,419,622

CURRENT ASSETS
Stocks 66,217 74,629
Debtors 6 603,443 801,633
Cash at bank 323,775 235,966
993,435 1,112,228
CREDITORS
Amounts falling due within one year 7 602,222 731,309
NET CURRENT ASSETS 391,213 380,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,835,677

1,800,541

CREDITORS
Amounts falling due after more than one year 8 (126,435 ) (99,861 )

PROVISIONS FOR LIABILITIES (18,812 ) (23,883 )
NET ASSETS 1,690,430 1,676,797

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 10 39,955 39,955
Retained earnings 1,650,375 1,636,742
SHAREHOLDERS' FUNDS 1,690,430 1,676,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Rooftop Tiling (Wales) Limited (Registered number: 03330475)

Balance Sheet - continued
30 April 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 1 November 2024 and were signed on its behalf by:





Mr H D Williams - Director


Rooftop Tiling (Wales) Limited (Registered number: 03330475)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rooftop Tiling (Wales) 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, and represents the amount receivable for goods supplied or services rendered excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 the work performed to date to the total estimated contract costs

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost

Investment property
Investment property is included at fair value based upon the directors' knowledge of the rental market. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, 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.

Rooftop Tiling (Wales) Limited (Registered number: 03330475)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 21,356 3,371 448,989 473,716
Additions 509 - 98,990 99,499
At 30 April 2024 21,865 3,371 547,979 573,215
DEPRECIATION
At 1 May 2023 20,843 2,769 206,964 230,576
Charge for year 457 380 73,820 74,657
At 30 April 2024 21,300 3,149 280,784 305,233
NET BOOK VALUE
At 30 April 2024 565 222 267,195 267,982
At 30 April 2023 513 602 242,025 243,140

The net book value of fixed assets includes £259,387 (2023 - £229,230) in respect of assets held under finance agreements. The amount of depreciation in respect of such assets amounted to £68,842 for the year (2023 - £60,970).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,176,482
NET BOOK VALUE
At 30 April 2024 1,176,482
At 30 April 2023 1,176,482

Rooftop Tiling (Wales) Limited (Registered number: 03330475)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 486,321 689,214
Amounts owed by group undertakings 57,277 -
Other debtors 8,653 45,467
552,251 734,681

Amounts falling due after more than one year:
Other debtors 51,192 66,952

Aggregate amounts 603,443 801,633

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 46,127 60,360
Trade creditors 389,055 500,685
Amounts owed to group undertakings - 40,396
Taxation and social security 103,931 80,866
Other creditors 53,109 39,002
602,222 731,309

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 110,602 74,028
126,435 99,861

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 156,729 134,388

Assets are secured against the debt to which they relate.

10. RESERVES
Non-distributable
reserves
£   
At 1 May 2023
and 30 April 2024 39,955

This reserve consists of unrealised gains on the investment property.