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REGISTERED NUMBER: 12464398 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

HERITAGE ROOFING (STAMFORD) LTD

HERITAGE ROOFING (STAMFORD) LTD (REGISTERED NUMBER: 12464398)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HERITAGE ROOFING (STAMFORD) LTD

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: S T Wright
A Wright
C A Wright





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 12464398 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

HERITAGE ROOFING (STAMFORD) LTD (REGISTERED NUMBER: 12464398)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307,298 217,993

CURRENT ASSETS
Stocks 128,628 35,931
Debtors 5 3,345 39,778
Cash at bank - 28,968
131,973 104,677
CREDITORS
Amounts falling due within one year 6 311,220 197,832
NET CURRENT LIABILITIES (179,247 ) (93,155 )
TOTAL ASSETS LESS CURRENT LIABILITIES 128,051 124,838

CREDITORS
Amounts falling due after more than one
year

7

(63,420

)

(58,379

)

PROVISIONS FOR LIABILITIES (53,677 ) (37,637 )
NET ASSETS 10,954 28,822

HERITAGE ROOFING (STAMFORD) LTD (REGISTERED NUMBER: 12464398)

Balance Sheet - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 9 190 190
Retained earnings 10,764 28,632
SHAREHOLDERS' FUNDS 10,954 28,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 6 November 2024 and were signed on its behalf by:




S T Wright - Director



A Wright - Director


HERITAGE ROOFING (STAMFORD) LTD (REGISTERED NUMBER: 12464398)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Heritage Roofing (Stamford) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

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.

HERITAGE ROOFING (STAMFORD) LTD (REGISTERED NUMBER: 12464398)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 41,105 364,607 1,967 407,679
Additions 20,784 196,064 549 217,397
Disposals - (55,338 ) - (55,338 )
At 31 March 2024 61,889 505,333 2,516 569,738
DEPRECIATION
At 1 April 2023 18,254 169,957 1,475 189,686
Charge for year 8,956 90,736 629 100,321
Eliminated on disposal - (27,567 ) - (27,567 )
At 31 March 2024 27,210 233,126 2,104 262,440
NET BOOK VALUE
At 31 March 2024 34,679 272,207 412 307,298
At 31 March 2023 22,851 194,650 492 217,993

The net book value of tangible fixed assets includes £ 83,344 (2023 - £ 67,500 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,440 27,326
Other debtors 1,905 12,452
3,345 39,778

HERITAGE ROOFING (STAMFORD) LTD (REGISTERED NUMBER: 12464398)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,397 166
Hire purchase contracts 33,140 18,482
Trade creditors 47,999 15,420
Taxation and social security 163,622 157,444
Other creditors 62,062 6,320
311,220 197,832

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 63,420 58,379

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 96,560 76,861

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
10 B Ordinary £1 10 10
80 C Ordinary £1 80 80
190 190

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S T Wright and A Wright
Balance outstanding at start of year 8,791 (49,173 )
Amounts advanced 160,731 273,791
Amounts repaid (221,639 ) (215,827 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (52,117 ) 8,791