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REGISTERED NUMBER: SC564589 (Scotland)










Unaudited Financial Statements

for the Year Ended

30 April 2024

for

PREMIER SPECIALIST ROOFING CONTRACTORS
LTD

PREMIER SPECIALIST ROOFING CONTRACTORS
LTD (REGISTERED NUMBER: SC564589)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER SPECIALIST ROOFING CONTRACTORS
LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Farquhar
S Forster





REGISTERED OFFICE: 13 Canyon Road
Netherton Industrial Estate
Wishaw
ML2 0EG





REGISTERED NUMBER: SC564589 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

PREMIER SPECIALIST ROOFING CONTRACTORS
LTD (REGISTERED NUMBER: SC564589)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,345 26,791

CURRENT ASSETS
Stocks 194,298 186,352
Debtors 5 54,821 47,568
Cash at bank and in hand 271,587 188,697
520,706 422,617
CREDITORS
Amounts falling due within one year 6 (108,490 ) (82,461 )
NET CURRENT ASSETS 412,216 340,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,561

366,947

PROVISIONS FOR LIABILITIES (5,836 ) (5,219 )
NET ASSETS 429,725 361,728

CAPITAL AND RESERVES
Called up share capital 7 1 1
Share premium 8 50,000 50,000
Retained earnings 8 379,724 311,727
SHAREHOLDERS' FUNDS 429,725 361,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PREMIER SPECIALIST ROOFING CONTRACTORS
LTD (REGISTERED NUMBER: SC564589)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:




S Forster - Director



S Farquhar - Director


PREMIER SPECIALIST ROOFING CONTRACTORS
LTD (REGISTERED NUMBER: SC564589)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Premier Specialist Roofing Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


PREMIER SPECIALIST ROOFING CONTRACTORS
LTD (REGISTERED NUMBER: SC564589)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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
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 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 24,114 4,515 40,951 69,580
Additions 1,725 1,393 - 3,118
At 30 April 2024 25,839 5,908 40,951 72,698
DEPRECIATION
At 1 May 2023 11,112 2,352 29,325 42,789
Charge for year 2,943 713 2,908 6,564
At 30 April 2024 14,055 3,065 32,233 49,353
NET BOOK VALUE
At 30 April 2024 11,784 2,843 8,718 23,345
At 30 April 2023 13,002 2,163 11,626 26,791

PREMIER SPECIALIST ROOFING CONTRACTORS
LTD (REGISTERED NUMBER: SC564589)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,009 32,813
VAT 5,589 13,498
Prepayments and accrued income 1,223 1,257
54,821 47,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,986 33,111
Tax 59,251 42,743
Social security and other taxes 3,644 3,594
Accrued expenses 13,609 3,013
108,490 82,461

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary .01 1 1

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 311,727 50,000 361,727
Profit for the year 171,197 171,197
Dividends (103,200 ) (103,200 )
At 30 April 2024 379,724 50,000 429,724