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REGISTERED NUMBER: 10024308 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WEST WALES FLAT ROOFING LIMITED

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

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


WEST WALES FLAT ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M W Griffiths
Mrs L J Griffiths





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 10024308 (England and Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 5,000
Tangible assets 5 12,757 16,155
17,257 21,155

CURRENT ASSETS
Stocks 6 2,100 2,750
Debtors 7 5,500 20,485
Cash at bank 5,445 2,817
13,045 26,052
CREDITORS
Amounts falling due within one year 8 25,019 27,389
NET CURRENT LIABILITIES (11,974 ) (1,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,283

19,818

CREDITORS
Amounts falling due after more than one year 9 5,171 9,891
NET ASSETS 112 9,927

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 12 9,827
SHAREHOLDERS' FUNDS 112 9,927

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.

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

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 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:




M W Griffiths - Director



Mrs L J Griffiths - Director


WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

West Wales Flat 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty 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 - 25% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 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.

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 3 (2023 - 3 ) .

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023 5,000
Amortisation for year 500
At 29 February 2024 5,500
NET BOOK VALUE
At 29 February 2024 4,500
At 28 February 2023 5,000

5. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 986 742 34,618 1,192 37,538
Additions 787 - - - 787
At 29 February 2024 1,773 742 34,618 1,192 38,325
DEPRECIATION
At 1 March 2023 775 519 18,981 1,108 21,383
Charge for year 147 45 3,909 84 4,185
At 29 February 2024 922 564 22,890 1,192 25,568
NET BOOK VALUE
At 29 February 2024 851 178 11,728 - 12,757
At 28 February 2023 211 223 15,637 84 16,155

6. STOCKS
2024 2023
£    £   
Stocks 2,100 2,750

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,322 19,423
Prepayments 1,178 1,062
5,500 20,485

WEST WALES FLAT ROOFING LIMITED (REGISTERED NUMBER: 10024308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,720 4,792
Trade creditors 7,491 11,450
Corporation tax 4,222 4,800
CIS - 1,000
VAT 2,573 841
Other creditors 499 497
Commercial card 2,899 -
Directors' current accounts 622 2,311
Accrued expenses 1,993 1,698
25,019 27,389

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,171 9,891

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 A Ordinary £1.00 75 75
25 B Ordinary £1.00 25 25
100 100

11. RESERVES
Retained
earnings
£   

At 1 March 2023 9,827
Profit for the year 13,585
Dividends (23,400 )
At 29 February 2024 12