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Registered Number: 07804144
England and Wales

 

 

 

S. UPTON ROOFING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director Steven Upton
Registered Number 07804144
Registered Office St Leonards, Berrys Hill
Berrys Green
Westerham
Kent
TN16 3AG
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 October 2024.
Principal activities
The principal activity of the company during the financial year was that of roofing contractors.
Director
The director who served the company throughout the year was as follows:
Steven Upton
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.


Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.


In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Steven Upton
Director

Date approved: 24 January 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of S. Upton Roofing Limited for the year ended 31 October 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S. Upton Roofing Limited for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of S. Upton Roofing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of S. Upton Roofing Limited and state those matters that we have agreed to state to the Board of Directors of S. Upton Roofing Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S. Upton Roofing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that S. Upton Roofing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of S. Upton Roofing Limited.You consider that S. Upton Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of S. Upton Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 October 2024.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
24 January 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 5 595    793 
595    793 
Current assets      
Stocks 6   2,200 
Debtors 7 9,978    10,530 
Cash at bank and in hand 33,849    10,450 
43,827    23,180 
Creditors: amount falling due within one year 8 (25,499)   (10,895)
Net current assets 18,328    12,285 
 
Total assets less current liabilities 18,923    13,078 
Creditors: amount falling due after more than one year 9 (6,500)   (12,500)
Provisions for liabilities 10 (113)   (150)
Net assets 12,310    428 
 

Capital and reserves
     
Called up share capital 11 1    1 
Profit and loss account 12,309    427 
Shareholders' funds 12,310    428 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 24 January 2025 and were signed by:


-------------------------------
Steven Upton
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 November 2022 1  805  806 
Profit for the year 13,622  13,622 
Total comprehensive income for the year 13,622  13,622 
Dividends (14,000) (14,000)
Total investments by and distributions to owners (14,000) (14,000)
At 31 October 2023 1  427  428 
At 01 November 2023 1  427  428 
Profit for the year 37,482  37,482 
Total comprehensive income for the year 37,482  37,482 
Dividends (25,600) (25,600)
Total investments by and distributions to owners (25,600) (25,600)
At 31 October 2024 1  12,309  12,310 
5
General Information
S. Upton Roofing Limited is a private company, limited by shares, registered in England and Wales, registration number 07804144, registration address St Leonards, Berrys Hill, Berrys Green, Westerham, Kent, TN16 3AG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Director's Remuneration 8,820    8,820 
8,820    8,820 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 8,820    8,820 
Other staff costs 724    146 
9,544    8,966 

4.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
5.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 November 2023 7,986    7,986 
Additions  
Disposals  
At 31 October 2024 7,986    7,986 
Depreciation
At 01 November 2023 7,193    7,193 
Charge for year 198    198 
On disposals  
At 31 October 2024 7,391    7,391 
Net book values
Closing balance as at 31 October 2024 595    595 
Opening balance as at 01 November 2023 793    793 


6.

Stocks

2024
£
  2023
£
Stocks   2,200 
  2,200 

7.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 6,130    10,530 
CIS Control Account 3,848   
9,978    10,530 

8.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 7,611   
Bank Loans & Overdrafts 6,000    6,000 
Corporation Tax 8,830    3,314 
Other Creditors 1,300    1,170 
Director's Current Account 32    201 
VAT 1,726    210 
25,499    10,895 

9.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 6,500    12,500 
6,500    12,500 

10.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 113    1,311 
Charged to Profit & Loss   (1,161)
113    150 

11.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

6