IRIS Accounts Production v24.3.0.553 SC655024 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6550242023-02-28SC6550242024-02-29SC6550242023-03-012024-02-29SC6550242022-02-28SC6550242022-03-012023-02-28SC6550242023-02-28SC655024ns15:Scotland2023-03-012024-02-29SC655024ns14:PoundSterling2023-03-012024-02-29SC655024ns10:Director12023-03-012024-02-29SC655024ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC655024ns10:SmallEntities2023-03-012024-02-29SC655024ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC655024ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC655024ns10:FullAccounts2023-03-012024-02-29SC655024ns10:OrdinaryShareClass12023-03-012024-02-29SC655024ns10:RegisteredOffice2023-03-012024-02-29SC655024ns5:CurrentFinancialInstruments2024-02-29SC655024ns5:CurrentFinancialInstruments2023-02-28SC655024ns5:ShareCapital2024-02-29SC655024ns5:ShareCapital2023-02-28SC655024ns5:RetainedEarningsAccumulatedLosses2024-02-29SC655024ns5:RetainedEarningsAccumulatedLosses2023-02-28SC655024ns5:MotorVehicles2023-03-012024-02-29SC655024ns5:ComputerEquipment2023-03-012024-02-29SC655024ns5:MotorVehicles2023-02-28SC655024ns5:ComputerEquipment2023-02-28SC655024ns5:MotorVehicles2024-02-29SC655024ns5:ComputerEquipment2024-02-29SC655024ns5:MotorVehicles2023-02-28SC655024ns5:ComputerEquipment2023-02-28SC655024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-29SC655024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC655024ns10:OrdinaryShareClass12024-02-29SC655024ns5:RetainedEarningsAccumulatedLosses2023-02-28SC655024ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: SC655024 (Scotland)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

LL Roofing Ltd

LL Roofing Ltd (Registered number: SC655024)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LL Roofing Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Lavery





REGISTERED OFFICE: Unit 3
37 Rosyth Road
Morris Park
Glasgow
G5 0YE





REGISTERED NUMBER: SC655024 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

LL Roofing Ltd (Registered number: SC655024)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,638 67,973

CURRENT ASSETS
Stocks 5 13,550 1,682
Debtors 6 476,210 279,914
Cash at bank and in hand 29,051 28,889
518,811 310,485
CREDITORS
Amounts falling due within one year 7 176,923 77,729
NET CURRENT ASSETS 341,888 232,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,526

300,729

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 414,426 300,629
SHAREHOLDERS' FUNDS 414,526 300,729

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 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.

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 director and authorised for issue on 19 November 2024 and were signed by:




J Lavery - Director


LL Roofing Ltd (Registered number: SC655024)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

LL Roofing Ltd is a private company, limited by shares , registered in Scotland. 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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 6 (2023 - 6 ) .

LL Roofing Ltd (Registered number: SC655024)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 108,883 2,527 111,410
Additions 50,160 - 50,160
Disposals (50,596 ) - (50,596 )
At 29 February 2024 108,447 2,527 110,974
DEPRECIATION
At 1 March 2023 42,805 632 43,437
Charge for year 10,505 474 10,979
Eliminated on disposal (16,080 ) - (16,080 )
At 29 February 2024 37,230 1,106 38,336
NET BOOK VALUE
At 29 February 2024 71,217 1,421 72,638
At 28 February 2023 66,078 1,895 67,973

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 13,550 1,682

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 68,763 21,032
CIS tax debtor 391,800 258,882
VAT 15,647 -
476,210 279,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 15,580 7,962
Trade creditors 32,382 -
Tax 119,321 -
Social security and other taxes 3,995 3,995
VAT - 42,141
Directors' current accounts - 20,821
Accrued expenses 5,645 2,810
176,923 77,729

LL Roofing Ltd (Registered number: SC655024)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 300,629
Profit for the year 133,810
Dividends (20,013 )
At 29 February 2024 414,426