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REGISTERED NUMBER: 10901520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

ELEVATION ROOFING LIMITED

ELEVATION ROOFING LIMITED (REGISTERED NUMBER: 10901520)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEVATION ROOFING LIMITED

COMPANY INFORMATION
for the year ended 28 February 2024







DIRECTORS: D Simmonds
S Crosland





REGISTERED OFFICE: Eden House
Fairy Hall Lane
Rayne
Essex
CM77 6SZ





REGISTERED NUMBER: 10901520 (England and Wales)





ACCOUNTANTS: Danton Business Services
4 Village Close
Kirby Cross
Essex
CO13 0PF

ELEVATION ROOFING LIMITED (REGISTERED NUMBER: 10901520)

BALANCE SHEET
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 475 559

CURRENT ASSETS
Debtors 5 221,113 92,189
Cash at bank and in hand 21,953 48,206
243,066 140,395
CREDITORS
Amounts falling due within one year 6 140,543 77,069
NET CURRENT ASSETS 102,523 63,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,998

63,885

CREDITORS
Amounts falling due after more than one year 7 12,048 22,298
NET ASSETS 90,950 41,587

CAPITAL AND RESERVES
Called up share capital 143 143
Retained earnings 90,807 41,444
SHAREHOLDERS' FUNDS 90,950 41,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

ELEVATION ROOFING LIMITED (REGISTERED NUMBER: 10901520)

BALANCE SHEET - continued
28 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 Statement of Income and Retained Earnings 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:





D Simmonds - Director


ELEVATION ROOFING LIMITED (REGISTERED NUMBER: 10901520)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2024

1. STATUTORY INFORMATION

Elevation Roofing 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.

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.
Fixtures and fittings - 15% on reducing balance

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 2 (2023 - 2 ) .

ELEVATION ROOFING LIMITED (REGISTERED NUMBER: 10901520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 28 February 2024 2,274
DEPRECIATION
At 1 March 2023 1,715
Charge for year 84
At 28 February 2024 1,799
NET BOOK VALUE
At 28 February 2024 475
At 28 February 2023 559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 119,908 36,111
Other debtors 101,205 56,078
221,113 92,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 25,672 22,555
Taxation and social security 40,942 26,181
Other creditors 63,929 18,333
140,543 77,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 12,048 22,298

ELEVATION ROOFING LIMITED (REGISTERED NUMBER: 10901520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2024 and 28 February 2023:

28.2.24 28.2.23
£    £   
D Simmonds
Balance outstanding at start of year 17,836 -
Amounts advanced - 17,836
Amounts repaid (17,836 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,836

S Crosland
Balance outstanding at start of year 17,835 -
Amounts advanced - 17,835
Amounts repaid (17,835 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,835

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 (2023 - £66,000) were paid to the directors .

The company was under the control of the directors as they owned the issued Ordinary share capital of the company.