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Childwall Roofing Company Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Childwall Roofing Company Limited (Registered number: 01806039)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Childwall Roofing Company Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M O'Halloran
J O'Halloran





REGISTERED OFFICE: Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL





REGISTERED NUMBER: 01806039 (England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants
Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL

Childwall Roofing Company Limited (Registered number: 01806039)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,720 22,293
Investment property 5 375,000 390,000
391,720 412,293

CURRENT ASSETS
Debtors 6 109,074 103,821
Cash at bank 5,020 41,081
114,094 144,902
CREDITORS
Amounts falling due within one year 7 138,156 84,706
NET CURRENT (LIABILITIES)/ASSETS (24,062 ) 60,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,658

472,489

CREDITORS
Amounts falling due after more than one
year

8

(61,271

)

(75,680

)

PROVISIONS FOR LIABILITIES (42,582 ) (46,762 )
NET ASSETS 263,805 350,047

CAPITAL AND RESERVES
Called up share capital 202 202
Revaluation reserve 9 189,639 200,889
Retained earnings 73,964 148,956
SHAREHOLDERS' FUNDS 263,805 350,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:



J O'Halloran - Director


Childwall Roofing Company Limited (Registered number: 01806039)

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

1. STATUTORY INFORMATION

Childwall Roofing Company 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales for work done, excluding value added tax.

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 etc - 25% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at the 2012 valuation.

Taxation
Taxation for the year comprises current and deferred trecognized recognised in the Income Statement, except to the extent to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized 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 recognized 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 recognized 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 recognized 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.

Deferred taxation is recognized on the revaluation of land and buildings.

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 AND DIRECTORS

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

Childwall Roofing Company Limited (Registered number: 01806039)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 56,182
DEPRECIATION
At 1 June 2023 33,889
Charge for year 5,573
At 31 May 2024 39,462
NET BOOK VALUE
At 31 May 2024 16,720
At 31 May 2023 22,293

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 390,000
Revaluations (15,000 )
At 31 May 2024 375,000
NET BOOK VALUE
At 31 May 2024 375,000
At 31 May 2023 390,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2011 47,774
Valuation in 2021 110,000
Valuation in 2023 85,740
Valuation in 2024 (15,000 )
Cost 146,486
375,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 146,486 142,226
Aggregate depreciation (45,504 ) (42,660 )

The investment property was valued on an open market basis on 31 May 2024 by the director, J O'Halloran .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 109,074 103,821

Childwall Roofing Company Limited (Registered number: 01806039)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,096 16,926
Hire purchase contracts 6,031 6,031
Trade creditors 33,691 20,683
Taxation and social security 57,619 33,994
Other creditors 14,719 7,072
138,156 84,706

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 53,969 62,118
Hire purchase contracts 7,302 13,562
61,271 75,680

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023 200,889
Revaluation reserve (11,250 )

At 31 May 2024 189,639

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
J O'Halloran
Balance outstanding at start of year 87,447 76,517
Amounts advanced 85,390 87,447
Amounts repaid (87,447 ) (76,517 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,390 87,447

M O'Halloran
Balance outstanding at start of year 16,374 22,050
Amounts advanced 23,683 16,374
Amounts repaid (16,374 ) (22,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,683 16,374

11. RELATED PARTY DISCLOSURES

The director M O'Halloran lives rent free in a property owned by the company.