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Registration number: 09775635

Newbury Roofing & Building Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Newbury Roofing & Building Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Newbury Roofing & Building Limited

(Registration number: 09775635)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

25,907

29,125

Current assets

 

Debtors

6

40,478

29,527

Cash at bank and in hand

 

77,292

188,493

 

117,770

218,020

Creditors: Amounts falling due within one year

7

(43,017)

(79,248)

Net current assets

 

74,753

138,772

Total assets less current liabilities

 

100,660

167,897

Provisions for liabilities

(1,155)

(1,789)

Net assets

 

99,505

166,108

Capital and reserves

 

Called up share capital

100

100

Retained earnings

99,405

166,008

Shareholders' funds

 

99,505

166,108

 

Newbury Roofing & Building Limited

(Registration number: 09775635)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................
T G Absalom
Director

 

Newbury Roofing & Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of roofing and building services provided to customers. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Newbury Roofing & Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance basis

Office equipment

25% reducing balance basis

Land and buildings

5% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for roofing and building services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2024

2023

£

£

Corporation tax

10,114

34,652

Deferred tax

(634)

(755)

9,480

33,897

 

Newbury Roofing & Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

5

Tangible assets

Land and buildings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

22,766

1,646

20,845

45,257

Disposals

-

-

(1,650)

(1,650)

At 30 September 2024

22,766

1,646

19,195

43,607

Depreciation

At 1 October 2023

1,328

956

13,848

16,132

Charge for the year

1,138

173

1,697

3,008

Eliminated on disposal

-

-

(1,440)

(1,440)

At 30 September 2024

2,466

1,129

14,105

17,700

Carrying amount

At 30 September 2024

20,300

517

5,090

25,907

At 30 September 2023

21,438

690

6,997

29,125

Included within the net book value of land and buildings above is £20,300 (2023 - £21,438) in respect of freehold land and buildings.
 

 

Newbury Roofing & Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

34,987

28,829

Prepayments

300

266

Other debtors

5,191

432

 

40,478

29,527

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

654

-

Taxation and social security

32,984

73,289

Other creditors

9,379

5,959

43,017

79,248

8

Related party transactions

Transactions with directors

T G & C R Absalom (directors) had a loan account with the company. At the balance sheet date the amount due from/(to) T G & C R Absalom was (£16) (2023: (£5)).