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REGISTERED NUMBER: 05056745 (England and Wales)















Unaudited Financial Statements For The Year Ended 29 February 2024

for

Hestwey Roofing Ltd

Hestwey Roofing Ltd (Registered number: 05056745)

Contents of the Financial Statements
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hestwey Roofing Ltd

Company Information
For The Year Ended 29 February 2024







DIRECTORS: B F Bunce
Mrs J Bunce





SECRETARY: Mrs J Bunce





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 05056745 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Hestwey Roofing Ltd (Registered number: 05056745)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,614 23,268
18,614 23,268

CURRENT ASSETS
Debtors 6 10,912 7,710
Cash at bank and in hand 354,914 318,000
365,826 325,710
CREDITORS
Amounts falling due within one year 7 90,305 84,774
NET CURRENT ASSETS 275,521 240,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,135

264,204

CREDITORS
Amounts falling due after more than
one year

8

16,875

22,736
NET ASSETS 277,260 241,468

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 277,158 241,366
SHAREHOLDERS' FUNDS 277,260 241,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Hestwey Roofing Ltd (Registered number: 05056745)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




B F Bunce - Director



Mrs J Bunce - Director


Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

Hestwey Roofing 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 balance sheet date.


Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements - continued
For The Year Ended 29 February 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 20,000
AMORTISATION
At 1 March 2023
and 29 February 2024 20,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 12,737 53,049 1,746 67,532
DEPRECIATION
At 1 March 2023 11,369 31,399 1,496 44,264
Charge for year 274 4,330 50 4,654
At 29 February 2024 11,643 35,729 1,546 48,918
NET BOOK VALUE
At 29 February 2024 1,094 17,320 200 18,614
At 28 February 2023 1,368 21,650 250 23,268

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 10,912 7,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 2,012 10,361
NatWest Business Credit card 1,645 -
NatWest One Credit card 788 -
Tax 56,122 49,176
Social security and other taxes 510 532
VAT 22,070 20,288
Directors' current accounts 3,151 410
Accrued expenses 4,007 4,007
90,305 84,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans - 1-2 years 16,875 22,736

Hestwey Roofing Ltd (Registered number: 05056745)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary £1 100 100
2 Ordinary B £1 2 2
102 102

10. RESERVES
Retained
earnings
£   

At 1 March 2023 241,366
Profit for the year 169,792
Dividends (134,000 )
At 29 February 2024 277,158