REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2024 |
for |
Skyline Roofing Centres Management |
Company Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2024 |
for |
Skyline Roofing Centres Management |
Company Limited |
Skyline Roofing Centres Management |
Company Limited (Registered number: 04757462) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Skyline Roofing Centres Management |
Company Limited |
Company Information |
for the Year Ended 30 June 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
4 Riverview |
Walnut Tree Close |
Guildford |
Surrey |
GU1 4UX |
Skyline Roofing Centres Management |
Company Limited (Registered number: 04757462) |
Balance Sheet |
30 June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Skyline Roofing Centres Management |
Company Limited (Registered number: 04757462) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Skyline Roofing Centres Management Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Skyline Roofing Centres Management |
Company Limited (Registered number: 04757462) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Taxation and social security |
Other creditors |
8. | SECURED DEBTS |
The bank has a fixed and floating charge over the assets of the company against any monies which may become due. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.24 | 30.6.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | OTHER FINANCIAL COMMITMENTS |
There is a Composite Company Limited Multilateral Guarantee dated 08 March 2013 given by Skyline Roofing Centres Limited, Skyline Roofing Centres Management Company Limited, Skyline Solar Limited and Skyline Roofing Group Limited. |
Skyline Roofing Centres Management |
Company Limited (Registered number: 04757462) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
12. | RELATED PARTY DISCLOSURES |
Mr S J Revell is also a Director of Skyline Roofing Centres (LB) Limited and Skyline Roofing Centres (Bedford) Limited. All these businesses trade with each other under normal commercial conditions. |
During the year the company received franchise fees of £71,778 (2023: £83,717) from Skyline Roofing Centres (LB) Limited. It also received franchise fees of £60,740 (2023: £87,387) from Skyline Roofing Centres (Bedford) Limited. |
At the end of the year, Skyline Roofing Centres Management Company Limited has related debtors and creditors as follows: |
Company | Debtor | Creditor |
Skyline Roofing Centres (LB) Limited | - | 4,481 |
Skyline Roofing Centres (Bedford) Limited | 2,480 | 3,758 |
13. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
14. | ULTIMATE PARENT COMPANY |
The company's ultimate parent company is Skyline Roofing Group Limited, a company incorporated in England and Wales, by virtue of their 100% holding of the share capital of Skyline Roofing Centres Management Company Limited. |
15. | ULTIMATE CONTROLLING PARTY |
Mr S J Revell controls the company by virtue of his ownership of 100% of the voting share capital of Skyline Roofing Group Limited, the parent company of Skyline Roofing Centres Management Company Limited. |