IRIS Accounts Production v24.3.0.553 09945178 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099451782023-03-31099451782024-03-31099451782023-04-012024-03-31099451782022-03-31099451782022-04-012023-03-31099451782023-03-3109945178ns15:EnglandWales2023-04-012024-03-3109945178ns14:PoundSterling2023-04-012024-03-3109945178ns10:Director12023-04-012024-03-3109945178ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109945178ns10:SmallEntities2023-04-012024-03-3109945178ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109945178ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109945178ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109945178ns10:FullAccounts2023-04-012024-03-3109945178ns10:RegisteredOffice2023-04-012024-03-3109945178ns5:CurrentFinancialInstruments2024-03-3109945178ns5:CurrentFinancialInstruments2023-03-3109945178ns5:Non-currentFinancialInstruments2024-03-3109945178ns5:Non-currentFinancialInstruments2023-03-3109945178ns5:ShareCapital2024-03-3109945178ns5:ShareCapital2023-03-3109945178ns5:RetainedEarningsAccumulatedLosses2024-03-3109945178ns5:RetainedEarningsAccumulatedLosses2023-03-3109945178ns5:FurnitureFittings2023-04-012024-03-3109945178ns5:MotorVehicles2023-04-012024-03-3109945178ns5:FurnitureFittings2023-03-3109945178ns5:MotorVehicles2023-03-3109945178ns5:FurnitureFittings2024-03-3109945178ns5:MotorVehicles2024-03-3109945178ns5:FurnitureFittings2023-03-3109945178ns5:MotorVehicles2023-03-3109945178ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109945178ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 09945178 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

XAVER ROOFING LTD

XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


XAVER ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A M Mohr





REGISTERED OFFICE: 286 Crewe Road
Shavington
Crewe
Cheshire
CW2 5AQ





REGISTERED NUMBER: 09945178 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 279,421 128,363

CURRENT ASSETS
Stocks 110,000 75,000
Debtors 6 1,290,395 1,311,967
Prepayments and accrued income 26,341 25,960
Cash at bank 406,654 847,713
1,833,390 2,260,640
CREDITORS
Amounts falling due within one year 7 464,300 1,056,848
NET CURRENT ASSETS 1,369,090 1,203,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,648,511

1,332,155

CREDITORS
Amounts falling due after more than one
year

8

(69,803

)

-

PROVISIONS FOR LIABILITIES (69,855 ) (32,091 )

ACCRUALS AND DEFERRED INCOME (122,385 ) (139,675 )
NET ASSETS 1,386,468 1,160,389

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,386,467 1,160,388
1,386,468 1,160,389

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 director acknowledges his 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.

XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 15 November 2024 and were signed by:





A M Mohr - Director


XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Xaver Roofing Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09945178 and registered office is 286 Crewe Road, Shavington, Crewe, Cheshire, CW2 5AQ.

The principal activity during the year was that of a roofing contractors.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

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.

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company. It may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, stock, tangible fixed assets and provisions are its critical accounting policies.

Turnover
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 15,563 323,526 339,089
Additions - 213,741 213,741
Disposals - (60,046 ) (60,046 )
At 31 March 2024 15,563 477,221 492,784
DEPRECIATION
At 1 April 2023 4,358 206,368 210,726
Charge for year 1,680 25,087 26,767
Eliminated on disposal - (24,130 ) (24,130 )
At 31 March 2024 6,038 207,325 213,363
NET BOOK VALUE
At 31 March 2024 9,525 269,896 279,421
At 31 March 2023 11,205 117,158 128,363

Included within the net book value of £279,421 is £139,500 (2023 - £nil) relating to assets under hire purchase agreements. The depreciation charged to the income statement in the year in respect of such assets amounted to £nil (2023 - £nil).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,214,004 1,198,234
Other debtors 76,391 113,733
1,290,395 1,311,967

XAVER ROOFING LTD (REGISTERED NUMBER: 09945178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,572 -
Trade creditors 357,505 459,845
Amounts owed to group undertakings 643 466,527
Taxation and social security 83,177 129,216
Other creditors 1,403 1,260
464,300 1,056,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 69,803 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 91,375 -

The hire purchase liabilities are secured against the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Xaver Holdings Limited, registered number 12293071. The registered office of the company is at 286 Crewe Road, Shavington, Crewe, Cheshire, CW2 5AQ.