Company Registration No. 09971610 (England and Wales)
Watertight Roofing (SW) Limited
Unaudited accounts
for the year ended 31 March 2024
Watertight Roofing (SW) Limited
Unaudited accounts
Contents
Watertight Roofing (SW) Limited
Company Information
for the year ended 31 March 2024
Directors
Mr J Boroczky
Mr P L Minchella
Company Number
09971610 (England and Wales)
Registered Office
122 Fore Street
Saltash
Cornwall
PL12 6JW
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Watertight Roofing (SW) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
314,248
307,467
Cash at bank and in hand
229,324
72,467
Creditors: amounts falling due within one year
(228,068)
(165,170)
Net current assets
165,837
44,634
Total assets less current liabilities
480,085
352,101
Creditors: amounts falling due after more than one year
(12,456)
(22,644)
Provisions for liabilities
Deferred tax
(30,857)
(29,657)
Net assets
436,772
299,800
Called up share capital
1,100
1,100
Profit and loss account
435,672
298,700
Shareholders' funds
436,772
299,800
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 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 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 of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Mr J Boroczky
Director
Company Registration No. 09971610
Watertight Roofing (SW) Limited
Notes to the Accounts
for the year ended 31 March 2024
Watertight Roofing (SW) Limited is a private company, limited by shares, registered in England and Wales, registration number 09971610. The registered office is 122 Fore Street , Saltash , Cornwall , PL12 6JW.
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.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
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:
Land & buildings
No depreciation
Plant & machinery
Reducing balance - 25%
Motor vehicles
Reducing balance - 25%
Computer equipment
Straight line - 3 years
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
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.
Watertight Roofing (SW) Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
195,795
94,649
115,520
405,964
Additions
-
9,708
37,750
47,458
Disposals
-
(1,405)
(19,933)
(21,338)
At 31 March 2024
195,795
102,952
133,337
432,084
At 1 April 2023
-
36,642
61,855
98,497
Charge for the year
-
16,999
18,480
35,479
On disposals
-
(812)
(15,328)
(16,140)
At 31 March 2024
-
52,829
65,007
117,836
At 31 March 2024
195,795
50,123
68,330
314,248
At 31 March 2023
195,795
58,007
53,665
307,467
Amounts falling due within one year
Trade debtors
69,176
69,565
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,945
9,702
Taxes and social security
193,574
129,056
Other creditors
24,549
26,412
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 21 (2023: 21).