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REGISTERED NUMBER: 09529892 (England and Wales)















Premier Roofing Supplies Ltd

Unaudited Financial Statements

for the year ended

30 April 2024






Premier Roofing Supplies Ltd (Registered number: 09529892)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


Premier Roofing Supplies Ltd (Registered number: 09529892)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,944 47,564

CURRENT ASSETS
Stocks 128,452 147,900
Debtors 5 29,864 76,674
Cash at bank - 30,896
158,316 255,470
CREDITORS
Amounts falling due within one year 6 (102,158 ) (165,326 )
NET CURRENT ASSETS 56,158 90,144
TOTAL ASSETS LESS CURRENT LIABILITIES 94,102 137,708

CREDITORS
Amounts falling due after more than one year 7 (45,071 ) (54,691 )

PROVISIONS FOR LIABILITIES (7,209 ) (9,037 )
NET ASSETS 41,822 73,980

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 41,819 73,977
SHAREHOLDERS' FUNDS 41,822 73,980

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.

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 28 January 2025 and were signed on its behalf by:





Mrs K A Ryder - Director


Premier Roofing Supplies Ltd (Registered number: 09529892)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Premier Roofing Supplies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09529892

Registered office: 16 Patrick Road
Long Stratton
Norwich
Norfolk
NR15 2PR

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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.

Premier Roofing Supplies Ltd (Registered number: 09529892)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 15,937 4,060 61,695 2,715 84,407
Additions - - - 2,332 2,332
At 30 April 2024 15,937 4,060 61,695 5,047 86,739
DEPRECIATION
At 1 May 2023 7,471 2,340 26,239 793 36,843
Charge for year 1,270 609 8,864 1,209 11,952
At 30 April 2024 8,741 2,949 35,103 2,002 48,795
NET BOOK VALUE
At 30 April 2024 7,196 1,111 26,592 3,045 37,944
At 30 April 2023 8,466 1,720 35,456 1,922 47,564

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 61,695
DEPRECIATION
At 1 May 2023 26,239
Charge for year 8,864
At 30 April 2024 35,103
NET BOOK VALUE
At 30 April 2024 26,592
At 30 April 2023 35,456

Premier Roofing Supplies Ltd (Registered number: 09529892)

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 23,862 71,345
Other debtors 6,002 5,329
29,864 76,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,049 -
Hire purchase contracts 10,752 11,743
Trade creditors 66,717 137,779
Taxation and social security 10,117 13,592
Other creditors 2,523 2,212
102,158 165,326

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,565 22,665
Other creditors 31,506 32,026
45,071 54,691

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,317 34,408

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
3 3

10. RELATED PARTY DISCLOSURES

At the year end the company owes the directors £31,505 (2023 - £32,026) relating to interest free loans with no set repayment terms.