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REGISTERED NUMBER: 01976344 (England and Wales)














TUDOR ROOF TILE CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


TUDOR ROOF TILE CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J M St. J. Harris
B H Luckhurst
P J Lythgoe
T Solnica





SECRETARY: P J Lythgoe





REGISTERED OFFICE: Dengemarsh Road
Lydd
Romney Marsh
Kent
TN29 9JH





REGISTERED NUMBER: 01976344 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 718,996 732,287

CURRENT ASSETS
Stocks 1,314,727 932,002
Debtors 5 362,723 474,395
Cash at bank and in hand 230,405 197,431
1,907,855 1,603,828
CREDITORS
Amounts falling due within one year 6 871,345 914,379
NET CURRENT ASSETS 1,036,510 689,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,755,506

1,421,736

CREDITORS
Amounts falling due after more than one
year

7

(311,562

)

-

PROVISIONS FOR LIABILITIES (10,907 ) (10,075 )
NET ASSETS 1,433,037 1,411,661

CAPITAL AND RESERVES
Called up share capital 10 439,005 439,005
Share premium 78,375 78,375
Capital redemption reserve 64,000 64,000
Retained earnings 851,657 830,281
SHAREHOLDERS' FUNDS 1,433,037 1,411,661

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.

TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





B H Luckhurst - Director


TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Tudor Roof Tile Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Plant and machinery- 33% on cost
- 12.5% on cost
- 8% on cost
Motor vehicles- 25% on written down value

No depreciation is provided on freehold property.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value as follows:

Finished goods - Cost of direct materials and labour plus attributable overheads based on normal level of activity.

Work in progress - Cost of direct materials and labour plus attributable overheads based on the level of completion and the normal level of activity.

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.


TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Costs for remedial work
The company guarantees its tiles for 30 years, providing for the cost of replacement tiles on a rolling 1 year basis calculated by reference to the previous years costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 47 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 650,000 1,045,285 2,349 1,697,634
DEPRECIATION
At 1 April 2023 - 963,279 2,068 965,347
Charge for year - 13,127 164 13,291
At 31 March 2024 - 976,406 2,232 978,638
NET BOOK VALUE
At 31 March 2024 650,000 68,879 117 718,996
At 31 March 2023 650,000 82,006 281 732,287

In the opinion of the directors, one of whom is an experienced property investor, the open market value of the property at 31 March 2024 is in excess of the figure shown.

TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 315,347 426,578
Other debtors 47,376 47,817
362,723 474,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 238,279 298,055
Taxation and social security 101,910 112,571
Other creditors 531,156 503,753
871,345 914,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 311,562 -

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 311,562 -

The loan is monies received from Durrington Corporation Limited and Halden Gate LLP, see related party note.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,641 4,812
Between one and five years 3,868 8,509
8,509 13,321

TUDOR ROOF TILE CO. LIMITED (REGISTERED NUMBER: 01976344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
439,005 Ordinary £1 439,005 439,005

11. RELATED PARTY DISCLOSURES

Management charges for services and related expenses were invoiced by Durrington Corporation Limited, a company controlled by J M St. Harris, of £20,000 (2023 - £20,000) and Halden Gate LLP, a business controlled by B H Luckhurst of £20,000 (2023 - £20,000). The total balance outstanding at the year end was £31,156 (2023 - £25,140) for Durrington Corporation Limited and £48,597 (2023 - £25,184) for Halden Gate LLP.

During the year, Durrington Corporation Limited and Halden Gate LLP lent the company £300,000 (2023 - £nil). No repayments have been made during the year. The loan is repayable 30 April 2025 and currently attracts 10% interest. At the year end, £311,562 (2023 - £nil) was still owed.