Company registration number 04400074 (England and Wales)
RLH ROOFING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
RLH ROOFING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
RLH ROOFING SERVICES LIMITED (REGISTERED NUMBER: 04400074)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
74,528
56,985
Investment property
5
190,000
180,000
264,528
236,985
Current assets
Stocks
2,500
2,500
Debtors
6
95,068
118,443
Cash at bank and in hand
238,861
266,194
336,429
387,137
Creditors: amounts falling due within one year
7
(43,350)
(83,052)
Net current assets
293,079
304,085
Total assets less current liabilities
557,607
541,070
Creditors: amounts falling due after more than one year
8
(12,976)
(20,053)
Provisions for liabilities
(26,715)
(23,743)
Net assets
517,916
497,274
Capital and reserves
Called up share capital
1
1
Non-distributable profits reserve
9
49,671
44,424
Distributable profit and loss reserves
468,244
452,849
Total equity
517,916
497,274
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
RLH ROOFING SERVICES LIMITED (REGISTERED NUMBER: 04400074)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 31 October 2024
Mr R L Herbert
Director
RLH ROOFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
RLH Roofing Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Yew Tree Road, Southborough, Tunbridge Wells, Kent, TN4 0BD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Motor vehicles
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
RLH ROOFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Investment property valuation
Investment property is valued at fair value on the basis of directors' estimates and judgements. Valuations are made on an open market basis by reference to market evidence of transaction prices for similar properties. The directors do not consider it necessary to obtain a valuation by an independent valuer.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
RLH ROOFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
12,289
98,512
110,801
Additions
29,524
3,917
33,441
At 31 March 2024
12,289
29,524
102,429
144,242
Depreciation and impairment
At 1 April 2023
10,867
42,949
53,816
Depreciation charged in the year
284
3,914
11,700
15,898
At 31 March 2024
11,151
3,914
54,649
69,714
Carrying amount
At 31 March 2024
1,138
25,610
47,780
74,528
At 31 March 2023
1,422
55,563
56,985
5
Investment property
2024
£
Fair value
At 1 April 2023
180,000
Revaluations
10,000
At 31 March 2024
190,000
Investment property comprises a property at a fair value of £190,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director as described in note 2.
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
15,820
23,357
Other debtors
79,248
95,086
95,068
118,443
RLH ROOFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,027
29,423
Taxation and social security
22,997
28,729
Other creditors
11,326
24,900
43,350
83,052
Included within other creditors due within one year and due in more than one year are hire purchase liabilities totalling £20,053 (2023: £27,131), which are secured on the assets purchased under hire purchase agreements.
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
12,976
20,053
9
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
44,424
44,424
Non distributable profits in the year
5,247
-
At the end of the year
49,671
44,424