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Registered number: 11980045
CG Roofing And Cladding Ltd
Unaudited Financial Statements
For the Period 1 June 2023 to 30 September 2024
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr C Brown
Mr G Bridger
Miss M Hayward
Miss F Hartery
Company Number 11980045
Registered Office 5 Cornfield Terrace
Eastbourne
BN21 4NN
Accountants Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of CG Roofing And Cladding Ltd for the period 1 June 2023 to 30 September 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CG Roofing And Cladding Ltd for the period 1 June 2023 to 30 September 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the board of directors of CG Roofing And Cladding Ltd , as a body, in accordance with the terms of our engagement letter dated 12 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of CG Roofing And Cladding Ltd and state those matters that we have agreed to state to the board of directors of CG Roofing And Cladding Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CG Roofing And Cladding Ltd and its board of directors, as a body, for our work or for this report.
It is your duty to ensure that CG Roofing And Cladding Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of CG Roofing And Cladding Ltd . You consider that CG Roofing And Cladding Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of CG Roofing And Cladding Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
14/11/2024
Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
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Balance Sheet
Registered number: 11980045
30 September 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,138 6,370
33,138 6,370
CURRENT ASSETS
Stocks 5 3,500 6,300
Debtors 6 146,961 135,972
Cash at bank and in hand 33,255 29,232
183,716 171,504
Creditors: Amounts Falling Due Within One Year 7 (158,641 ) (176,189 )
NET CURRENT ASSETS (LIABILITIES) 25,075 (4,685 )
TOTAL ASSETS LESS CURRENT LIABILITIES 58,213 1,685
Creditors: Amounts Falling Due After More Than One Year 8 (7,500 ) (20,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,889 ) (999 )
NET ASSETS/(LIABILITIES) 42,824 (20,147 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 42,724 (20,247 )
SHAREHOLDERS' FUNDS 42,824 (20,147)
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For the period ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Brown
Director
Mr G Bridger
Director
14/11/2024
The notes on pages 5 to 8 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
CG Roofing And Cladding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11980045 . The registered office is 5 Cornfield Terrace, Eastbourne, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Significant judgements and estimations
No significant judgements have been made by the directors in preparing these financial statements.
The directors have made key assumptions in the determination of the value of the amounts recoverable on long term contracts and stock.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 3 year straight line
At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. 
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 7,500 7,500 4,077 19,077
Additions 14,446 26,125 78 40,649
As at 30 September 2024 21,946 33,625 4,155 59,726
Depreciation
As at 1 June 2023 5,127 4,335 3,245 12,707
Provided during the period 3,531 9,760 590 13,881
As at 30 September 2024 8,658 14,095 3,835 26,588
Net Book Value
As at 30 September 2024 13,288 19,530 320 33,138
As at 1 June 2023 2,373 3,165 832 6,370
5. Stocks
30 September 2024 31 May 2023
£ £
Stock 3,500 6,300
6. Debtors
30 September 2024 31 May 2023
£ £
Due within one year
Trade debtors 63,843 63,181
Amounts recoverable on contracts 29,500 28,885
Other debtors 1,280 -
Prepayments 7,328 -
VAT 1,635 -
Other taxes and social security 43,375 43,906
146,961 135,972
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7. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 May 2023
£ £
Trade creditors 49,792 63,293
Bank loans and overdrafts 10,000 10,000
Corporation tax 41,229 29,718
VAT - 1,827
Other creditors 10,665 5,966
Accruals and deferred income 1,860 1,740
Directors' loan accounts 45,095 63,645
158,641 176,189
8. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 31 May 2023
£ £
Bank loans 7,500 20,833
7,500 20,833
9. Other Commitments
At 31 May 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £3,001 (2023: £4,139).
10. Related Party Transactions
Included in creditors is an amount of £17,281 (2023: £35,224) owed to Mr C Brown and Miss F Hartery, directors of the company. This loan is interest free and repayable on demand.
Included in creditors is an amount of £27,814 (2023: £28,421) owed to Mr G Bridger and Miss M Hayward, directors of the company. This loan is interest free and repayable on demand.
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