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REGISTERED NUMBER: SC245654 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lenaghen Roofing Services Limited

Lenaghen Roofing Services Limited (Registered number: SC245654)






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


Lenaghen Roofing Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Lenaghen





SECRETARY: S Lenaghen





REGISTERED OFFICE: 101A High Street
Bonnyrigg
Midlothian
EH19 2ET





REGISTERED NUMBER: SC245654 (Scotland)





ACCOUNTANTS: Bennett and Co
Chartered Accountants
25 Lanark Road
Edinburgh
EH14 1TG

Lenaghen Roofing Services Limited (Registered number: SC245654)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 80,589 102,518

CURRENT ASSETS
Stock and work in progress 21,377 31,050
Debtors 5 151,017 199,150
Cash at bank and in hand 35,606 360,760
208,000 590,960
CREDITORS
Amounts falling due within one year 6 (99,026 ) (147,867 )
NET CURRENT ASSETS 108,974 443,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,563

545,611

CREDITORS
Amounts falling due after more than one
year

7

(11,833

)

(26,916

)

PROVISIONS FOR LIABILITIES 8 (9,806 ) (13,268 )
NET ASSETS 167,924 505,427

CAPITAL AND RESERVES
Called up share capital 1 2
Capital redemption reserve 9 239,999 -
Retained earnings 9 (72,076 ) 505,425
SHAREHOLDERS' FUNDS 167,924 505,427

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 director acknowledges his 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.

Lenaghen Roofing Services Limited (Registered number: SC245654)

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 director and authorised for issue on 9 January 2025 and were signed by:





S Lenaghen - Director


Lenaghen Roofing Services Limited (Registered number: SC245654)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lenaghen Roofing Services Limited is a private company, limited by shares , registered in Scotland. 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.
Leasehold improvements - 20% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
Contributions made to the directors pension schemes are charged to the company's profit and loss account for the year in which they are payable to the scheme. The company also operates a defined contribution pension scheme for the staff.

Lenaghen Roofing Services Limited (Registered number: SC245654)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 51,723 50,750 16,510 81,265 200,248
Additions - - 790 - 790
At 31 March 2024 51,723 50,750 17,300 81,265 201,038
DEPRECIATION
At 1 April 2023 12,108 33,159 9,322 43,141 97,730
Charge for year 5,448 5,846 1,893 9,532 22,719
At 31 March 2024 17,556 39,005 11,215 52,673 120,449
NET BOOK VALUE
At 31 March 2024 34,167 11,745 6,085 28,592 80,589
At 31 March 2023 39,615 17,591 7,188 38,124 102,518

The net book value of assets acquired under hire purchase contracts is £23,775 (2023 - £31,700). The depreciation charged on these assets during the year was £7,925 (2023 - £10,566).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 120,094 138,055
Sundry debtors 225 389
Director's loan account 11,539 8,421
Corporation tax repayable 3,675 15,318
VAT 15,484 36,967
151,017 199,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 7,083 10,000
Trade creditors 67,629 75,539
Amounts owed to participating interests - 1,737
Corporation tax 1,052 39,290
Social security and other taxes 6,685 6,560
Other creditors 8,577 6,741
99,026 147,867

Lenaghen Roofing Services Limited (Registered number: SC245654)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 8,000 8,000
Bank loans - 2-5 years 1,333 9,333
Hire purchase contracts 2,500 9,583
11,833 26,916

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 9,806 13,268

Deferred
tax
£   
Balance at 1 April 2023 13,268
Credit to Income Statement during year (3,462 )
Balance at 31 March 2024 9,806

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 505,425 - 505,425
Deficit for the year (37,503 ) (37,503 )
Dividends (60,000 ) (60,000 )
Purchase of own share (479,998 ) 239,999 (239,999 )
At 31 March 2024 (72,076 ) 239,999 167,923

10. OTHER FINANCIAL COMMITMENTS

At 31 March 2024, the company had the following office equipment leasing agreements: -
Expiry dateAmount per quarter
March 2026130
March 2027510



Lenaghen Roofing Services Limited (Registered number: SC245654)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
G Lenaghen
Balance outstanding at start of year - 25,074
Amounts repaid - (25,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

S Lenaghen
Balance outstanding at start of year 8,421 30,479
Amounts advanced 3,118 -
Amounts repaid - (22,058 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,539 8,421

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the director .

The company rents the property at a market rent of £13,200. The director owns 50% of the property.

The company paid £12,000 to the director's personal pension scheme.