Registered number
09523340
Sage Roofing and Building Ltd
Unaudited Filleted Accounts
30 April 2024
Sage Roofing and Building Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sage Roofing and Building Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sage Roofing and Building Ltd for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Sage Roofing and Building Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sage Roofing and Building Ltd and state those matters that we have agreed to state to the Board of Directors of Sage Roofing and Building 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 Sage Roofing and Building Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sage Roofing and Building 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 of Sage Roofing and Building Ltd. You consider that Sage Roofing and Building Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sage Roofing and Building 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 statutory accounts.
Smith Watson Accountants
Chartered Accountants
1619 London Road
Leigh on Sea
Essex
SS9 2SQ
26 November 2024
Sage Roofing and Building Ltd
Registered number: 09523340
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,878 2,436
Current assets
Debtors 4 50,491 105,760
Cash at bank and in hand 569 2,892
51,060 108,652
Creditors: amounts falling due within one year 5 (71,166) (145,036)
Net current liabilities (20,106) (36,384)
Total assets less current liabilities (18,228) (33,948)
Creditors: amounts falling due after more than one year 6 (21,012) (29,058)
Provisions for liabilities - (68)
Net liabilities (39,240) (63,074)
Capital and reserves
Called up share capital 100 100
Profit and loss account (39,340) (63,174)
Shareholder's funds (39,240) (63,074)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Sage
Director
Approved by the board on 26 November 2024
Sage Roofing and Building Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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 work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 2,531 5,570 8,101
At 30 April 2024 2,531 5,570 8,101
Depreciation
At 1 May 2023 1,423 4,242 5,665
Charge for the year 226 332 558
At 30 April 2024 1,649 4,574 6,223
Net book value
At 30 April 2024 882 996 1,878
At 30 April 2023 1,108 1,328 2,436
4 Debtors 2024 2023
£ £
Trade debtors 16,970 45,082
Other debtors 33,521 60,678
50,491 105,760
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,395 7,853
Trade creditors 17,650 57,146
Taxation and social security costs 43,534 55,374
Other creditors 587 24,663
71,166 145,036
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,012 29,058
7 Other information
Sage Roofing and Building Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1619 London Road
Leigh On Sea
Essex
SS9 2SQ
Sage Roofing and Building Ltd 09523340 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 N Sage No description of principal activity 09523340 2022-05-01 2023-04-30 09523340 core:WithinOneYear 2023-04-30 09523340 core:AfterOneYear 2023-04-30 09523340 core:ShareCapital 2023-04-30 09523340 core:RetainedEarningsAccumulatedLosses 2023-04-30 09523340 2023-05-01 2024-04-30 09523340 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09523340 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09523340 bus:Director40 2023-05-01 2024-04-30 09523340 1 2023-05-01 2024-04-30 09523340 2 2023-05-01 2024-04-30 09523340 core:PlantMachinery 2023-05-01 2024-04-30 09523340 core:Vehicles 2023-05-01 2024-04-30 09523340 countries:England 2023-05-01 2024-04-30 09523340 bus:FRS102 2023-05-01 2024-04-30 09523340 bus:FilletedAccounts 2023-05-01 2024-04-30 09523340 2024-04-30 09523340 core:WithinOneYear 2024-04-30 09523340 core:AfterOneYear 2024-04-30 09523340 core:ShareCapital 2024-04-30 09523340 core:RetainedEarningsAccumulatedLosses 2024-04-30 09523340 core:PlantMachinery 2024-04-30 09523340 core:Vehicles 2024-04-30 09523340 2023-04-30 09523340 core:PlantMachinery 2023-04-30 09523340 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure