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Company No: 10790144 (England and Wales)

BROADGATE ROOFING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BROADGATE ROOFING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BROADGATE ROOFING LIMITED

BALANCE SHEET

As at 31 March 2024
BROADGATE ROOFING LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 10,253 1,010
10,253 1,010
Current assets
Stocks 2,000 2,000
Debtors 4 8,380 5,649
Cash at bank and in hand 69,185 60,378
79,565 68,027
Creditors: amounts falling due within one year 5 ( 10,264) ( 9,815)
Net current assets 69,301 58,212
Total assets less current liabilities 79,554 59,222
Net assets 79,554 59,222
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 79,454 59,122
Total shareholders' funds 79,554 59,222

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Broadgate Roofing Limited (registered number: 10790144) were approved and authorised for issue by the Board of Directors on 23 December 2024. They were signed on its behalf by:

Mr N Bush
Director
BROADGATE ROOFING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BROADGATE ROOFING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Broadgate Roofing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of returns and discounts.

The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Vehicles 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2023 2,982 7,954 10,936
Additions 0 13,195 13,195
Disposals 0 ( 7,954) ( 7,954)
At 31 March 2024 2,982 13,195 16,177
Accumulated depreciation
At 01 April 2023 2,307 7,619 9,926
Charge for the financial year 318 3,299 3,617
Disposals 0 ( 7,619) ( 7,619)
At 31 March 2024 2,625 3,299 5,924
Net book value
At 31 March 2024 357 9,896 10,253
At 31 March 2023 675 335 1,010

4. Debtors

2024 2023
£ £
Trade debtors 6,211 2,911
CIS suffered 443 1,745
Other debtors 1,726 993
8,380 5,649

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 9,390 8,941
Other creditors 874 874
10,264 9,815

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100