FM CLADDING & ROOFING LTD

Company Registration Number:
NI694598 (Northern Ireland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 16 February 2023

End date: 28 February 2024

FM CLADDING & ROOFING LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

FM CLADDING & ROOFING LTD

Balance sheet

As at 28 February 2024

Notes 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 4,754
Investments:   0
Total fixed assets: 4,754
Current assets
Stocks:   0
Debtors: 4 118,271
Cash at bank and in hand: 86,622
Investments:   0
Total current assets: 204,893
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 167,977 )
Net current assets (liabilities): 36,916
Total assets less current liabilities: 41,670
Total net assets (liabilities): 41,670
Capital and reserves
Called up share capital: 200
Share premium account: 0
Other reserves: 0
Profit and loss account: 41,470
Total Shareholders' funds: 41,670

The notes form part of these financial statements

FM CLADDING & ROOFING LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 14 February 2025
and signed on behalf of the board by:

Name: Dean Ferguson
Status: Director

The notes form part of these financial statements

FM CLADDING & ROOFING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    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. 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: Plant and machinery - 20% Reducing Balance

    Other accounting policies

    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. 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. 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. Tax The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. 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. 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. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 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.

FM CLADDING & ROOFING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

FM CLADDING & ROOFING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 5,943 5,943
Disposals
Revaluations
Transfers
At 28 February 2024 5,943 5,943
Depreciation
Charge for year 1,189 1,189
On disposals
Other adjustments
At 28 February 2024 1,189 1,189
Net book value
At 28 February 2024 4,754 4,754

FM CLADDING & ROOFING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024
£
Trade debtors 89,465
Prepayments and accrued income 0
Other debtors 28,806
Total 118,271
Debtors due after more than one year: 0

FM CLADDING & ROOFING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 20,895
Taxation and social security 20,390
Accruals and deferred income 46,257
Other creditors 80,435
Total 167,977