14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 50,000 50,000 xbrli:pure xbrli:shares iso4217:GBP 08037158 2023-07-01 2024-06-30 08037158 2024-06-30 08037158 2023-06-30 08037158 2022-07-01 2023-06-30 08037158 2023-06-30 08037158 2022-06-30 08037158 core:FurnitureFittings 2023-07-01 2024-06-30 08037158 core:MotorVehicles 2023-07-01 2024-06-30 08037158 bus:Director1 2023-07-01 2024-06-30 08037158 bus:Director3 2023-07-01 2024-06-30 08037158 core:NetGoodwill 2024-06-30 08037158 core:PlantMachinery 2023-06-30 08037158 core:FurnitureFittings 2023-06-30 08037158 core:MotorVehicles 2023-06-30 08037158 core:PlantMachinery 2024-06-30 08037158 core:FurnitureFittings 2024-06-30 08037158 core:MotorVehicles 2024-06-30 08037158 core:PlantMachinery 2023-07-01 2024-06-30 08037158 core:WithinOneYear 2024-06-30 08037158 core:WithinOneYear 2023-06-30 08037158 core:ShareCapital 2024-06-30 08037158 core:ShareCapital 2023-06-30 08037158 core:RetainedEarningsAccumulatedLosses 2024-06-30 08037158 core:RetainedEarningsAccumulatedLosses 2023-06-30 08037158 core:AfterOneYear 2024-06-30 08037158 core:AfterOneYear 2023-06-30 08037158 core:PlantMachinery 2023-06-30 08037158 core:FurnitureFittings 2023-06-30 08037158 core:MotorVehicles 2023-06-30 08037158 bus:Director3 2023-06-30 08037158 bus:Director3 2024-06-30 08037158 bus:Director3 2022-06-30 08037158 bus:Director3 2023-06-30 08037158 bus:Director3 2022-07-01 2023-06-30 08037158 bus:SmallEntities 2023-07-01 2024-06-30 08037158 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08037158 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08037158 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08037158 bus:FullAccounts 2023-07-01 2024-06-30 08037158 core:NetGoodwill 2023-07-01 2024-06-30 08037158 core:ComputerEquipment 2023-07-01 2024-06-30 08037158 core:ComputerEquipment 2023-06-30 08037158 core:ComputerEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 08037158
Repco Roof Tiles Limited
Unaudited financial statements
30 June 2024
Repco Roof Tiles Limited
Statement of financial position
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
30,719
40,458
Current assets
Stocks
93,797
68,630
Debtors
7
183,213
210,218
Cash at bank and in hand
1,138
23,921
---------
---------
278,148
302,769
Creditors: Amounts falling due within one year
8
( 90,720)
( 104,873)
---------
---------
Net current assets
187,428
197,896
---------
---------
Total assets less current liabilities
218,147
238,354
Provisions
Taxation including deferred tax
( 5,623)
( 9,488)
Accruals and deferred income
( 38,362)
( 38,348)
---------
---------
Net assets
174,162
190,518
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
174,062
190,418
---------
---------
Shareholders funds
174,162
190,518
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Repco Roof Tiles Limited
Statement of financial position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 8 January 2025 , and are signed on behalf of the board by:
Mr C Haythorpe
Director
Company registration number: 08037158
Repco Roof Tiles Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB, Norfolk. The trading address is 49 Maurice Gaymer, Attleborough, Norfolk, NR17 2QZ
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively . Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 tax is measured using the 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Fully amortised
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
15% and 25% straight line
Fixtures & Fittings
-
15% straight line
Motor Vehicles
-
25% straight line
Office Equipment
-
25% and 15% straight line
Computer Hardware
-
35 % straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 14 (2023: 14 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
50,000
-------
Amortisation
At 1 July 2023 and 30 June 2024
50,000
-------
Carrying amount
At 30 June 2024
-------
At 30 June 2023
-------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Computer hardware
Total
£
£
£
£
£
£
Cost
At 1 July 2023
115,478
718
55,587
590
8,460
180,833
Additions
122
5,875
2,072
8,069
---------
----
-------
----
-------
---------
At 30 June 2024
115,478
840
61,462
590
10,532
188,902
---------
----
-------
----
-------
---------
Depreciation
At 1 July 2023
92,730
354
41,398
354
5,539
140,375
Charge for the year
5,596
73
9,871
67
2,201
17,808
---------
----
-------
----
-------
---------
At 30 June 2024
98,326
427
51,269
421
7,740
158,183
---------
----
-------
----
-------
---------
Carrying amount
At 30 June 2024
17,152
413
10,193
169
2,792
30,719
---------
----
-------
----
-------
---------
At 30 June 2023
22,748
364
14,189
236
2,921
40,458
---------
----
-------
----
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
143,705
164,038
Prepayments and accrued income
21,746
19,401
Other debtors
17,762
26,779
---------
---------
183,213
210,218
---------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
10,000
10,000
-------
-------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
57,682
49,624
Social security and other taxes
29,206
49,224
Other creditors
3,832
6,025
-------
---------
90,720
104,873
-------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
10,140
9,750
-------
------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
The Directors
7,746
( 1,003)
6,743
------
------
------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
The Directors
1,150
6,596
7,746
------
------
------
Interest has been charged at the official rate on the overdrawn loan account.