2023-03-012024-02-292024-02-29false13183037SHIELD ROOFING 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SHIELD ROOFING LTD

Registered Number
13183037
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SHIELD ROOFING LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

BRYAN, James Kristopher
NEAL, Amanda Zoe

Registered Address

Srl Offices
Kuching
Village Green
WR7 4DZ

Registered Number

13183037 (England and Wales)
SHIELD ROOFING LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,5981,491
4,5981,491
Current assets
Debtors24,70083,230
Cash at bank and on hand17,601218
42,30183,448
Creditors amounts falling due within one year4(37,240)(26,425)
Net current assets (liabilities)5,06157,023
Total assets less current liabilities9,65958,514
Creditors amounts falling due after one year5(95,356)(119,356)
Net assets(85,697)(60,842)
Capital and reserves
Profit and loss account(85,697)(60,842)
Shareholders' funds(85,697)(60,842)
The financial statements were approved and authorised for issue by the Board of Directors on 16 October 2024, and are signed on its behalf by:
BRYAN, James Kristopher
Director
Registered Company No. 13183037
SHIELD ROOFING LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 March 231,208--9252,133
Additions-4,000-4654,465
At 29 February 241,2084,000-1,3906,598
Depreciation and impairment
At 01 March 23199--443642
Charge for year182480696-1,358
At 29 February 243814806964432,000
Net book value
At 29 February 248273,520(696)9474,598
At 28 February 231,009--4821,491
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables21,10217,129
Bank borrowings and overdrafts-6
Taxation and social security16,1389,290
Total37,24026,425
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts95,356119,356
Total95,356119,356