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REGISTERED NUMBER: 12367451 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

ADAMS ROOFING SERVICES LTD

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


ADAMS ROOFING SERVICES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L BEASLEY
P MARKHAM
R MARKHAM
P LANGFORD
P S PRICE





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 12367451 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

L BEASLEY
P MARKHAM
R MARKHAM
P LANGFORD
P S PRICE

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P S PRICE - Director


1 November 2024

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2024

31/3/24 31/3/23
Notes £    £   

TURNOVER 238,552 286,037

Cost of sales 137,012 157,800
GROSS PROFIT 101,540 128,237

Administrative expenses 41,896 37,539
OPERATING PROFIT 4 59,644 90,698


Interest payable and similar expenses 645 -
PROFIT BEFORE TAXATION 58,999 90,698

Tax on profit 12,547 12,967
PROFIT FOR THE FINANCIAL YEAR 46,452 77,731

Retained earnings at beginning of year 58,322 20,591

Dividends 5 (40,000 ) (40,000 )

RETAINED EARNINGS AT END OF YEAR 64,774 58,322

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 19,950 22,450

CURRENT ASSETS
Debtors 7 33,111 47,602
Cash at bank and in hand 60,824 38,028
93,935 85,630
CREDITORS
Amounts falling due within one year 8 40,439 37,457
NET CURRENT ASSETS 53,496 48,173
TOTAL ASSETS LESS CURRENT LIABILITIES 73,446 70,623

CREDITORS
Amounts falling due after more than one year 9 8,667 12,296
NET ASSETS 64,779 58,327

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 64,774 58,322
SHAREHOLDERS' FUNDS 64,779 58,327

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 directors acknowledge their 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





P S PRICE - Director


ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ADAMS ROOFING SERVICES LTD 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/24 31/3/23
£    £   
Depreciation - owned assets 2,500 -

5. DIVIDENDS
31/3/24 31/3/23
£    £   
ORDINARY shares of 1.00 each
Final 40,000 40,000

ADAMS ROOFING SERVICES LTD (Registered number: 12367451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 22,450
DEPRECIATION
Charge for year 2,500
At 31 March 2024 2,500
NET BOOK VALUE
At 31 March 2024 19,950
At 31 March 2023 22,450

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 1,630 5,784
CIS Tax suffered 31,481 41,818
33,111 47,602

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3 4
Tax 24,927 24,389
VAT 9,063 1,268
Directors' current accounts 5,196 10,496
Accrued expenses 1,250 1,300
40,439 37,457

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bounce Back Loan 8,667 12,296