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Registered Number: SO305766
Scotland

 

 

 

SG & SONS ROOFING LLP


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 14,326    17,956 
14,326    17,956 
Current assets      
Stocks 4   5,873 
Debtors 5 74,032    61,176 
74,032    67,049 
Creditors: amount falling due within one year 6 (36,761)   (17,594)
Net current assets 37,271    49,455 
 
Total assets less current liabilities 51,597    67,411 
Creditors: amount falling due after more than one year 7 (21,174)   (32,497)
Net assets 30,423    34,914 
 

Represented by:
Loans and other debts due to members   6,502 
Amounts due from members (65,261)  
Members' other interest
Other reserves 95,684    28,412 
95,684    28,412 

30,423    34,914 
 

Total members' interests
Amounts due from members (65,261)  
Loans and other debts due to members   6,502 
Members' other interests 95,684    28,412 
30,423    34,914 
 


For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006
These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 31 January 2025
1
General Information
SG & Sons Roofing LLP is a limited liability partnership, registered in Scotland, registration number SO305766, registration address 61 Union Street, Motherwell, ML1 4HE.

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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
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 etc 25%
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2023 66,577    66,577 
Additions 1,167    1,167 
Disposals  
At 31 March 2024 67,744    67,744 
Depreciation
At 01 April 2023 48,642    48,642 
Charge for year 4,776    4,776 
On disposals  
At 31 March 2024 53,418    53,418 
Net book values
Closing balance as at 31 March 2024 14,326    14,326 
Opening balance as at 01 April 2023 17,956    17,956 


4.

Stocks

2024
£
  2023
£
Stocks   5,873 
  5,873 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 44,336    51,156 
Prepayments & Accrued Income   634 
Other Debtors 7,000    7,000 
CIS Control Account 22,351   
VAT   2,386 
73,687    61,176 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Prepayments 345   
345   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 14,721    11,254 
Bank Loans & Overdrafts 8,000    8,000 
Amounts Owed to Participating Interests   (9,410)
PAYE & Social Security 4,430    4,726 
Accrued Expenses 835    1,034 
Other Creditors (1)   (1)
Obligations under HP/Financial Leases 1,537    1,991 
VAT 7,239   
36,761    17,594 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 21,174    31,667 
Obligations Under HP/Financial Leases   830 
21,174    32,497 

2