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REGISTERED NUMBER: 04737837 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

STEVE MILLS ROOFING SPECIALISTS LIMITED

STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)






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


STEVE MILLS ROOFING SPECIALISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S A Mills





SECRETARY: J M Mills





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Shaldon
Elmgrove Road West
Hardwicke
Gloucester
Gloucestershire
GL2 4PU





REGISTERED NUMBER: 04737837 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 28,912 37,163
28,912 37,163

CURRENT ASSETS
Inventories 84,759 63,606
Debtors 6 104,085 29,656
Cash at bank 13,707 20,179
202,551 113,441
CREDITORS
Amounts falling due within one year 7 118,613 41,649
NET CURRENT ASSETS 83,938 71,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,850

108,955

PROVISIONS FOR LIABILITIES 7,228 9,291
NET ASSETS 105,622 99,664

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 104,622 98,664
SHAREHOLDERS' FUNDS 105,622 99,664

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 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.

STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2024 and were signed by:





S A Mills - Director


STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Steve Mills Roofing Specialists 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The revenue is recognised at the time of service provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was amortised over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments
Financial instruments are classified by the directors as basic or advances following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 40,000
AMORTISATION
At 1 May 2023
and 30 April 2024 40,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 4,645 2,091 52,272 1,294 60,302
Additions - - - 1,250 1,250
At 30 April 2024 4,645 2,091 52,272 2,544 61,552
DEPRECIATION
At 1 May 2023 3,568 1,432 17,218 921 23,139
Charge for year 161 99 8,763 478 9,501
At 30 April 2024 3,729 1,531 25,981 1,399 32,640
NET BOOK VALUE
At 30 April 2024 916 560 26,291 1,145 28,912
At 30 April 2023 1,077 659 35,054 373 37,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,351 22,416
Other debtors - 823
VAT - 4,735
Prepayments 1,734 1,682
104,085 29,656

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 75,709 25,629
Corporation tax 3,633 -
Social security and other taxes (124 ) 1,943
Pensions 400 317
VAT 2,466 -
Wages clearing - 1
Directors' loan accounts 33,429 10,894
Accrued expenses 3,100 2,865
118,613 41,649

STEVE MILLS ROOFING SPECIALISTS LIMITED (REGISTERED NUMBER: 04737837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S A Mills
Balance outstanding at start of year (10,894 ) (5,112 )
Amounts advanced 7,777 31,530
Amounts repaid (30,312 ) (37,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33,429 ) (10,894 )

No interest is being charged on the loan and there are no set repayment terms.