Company Registration No. 04483756 (England and Wales)
All About Roofing Limited
Unaudited accounts
for the year ended 31 July 2024
All About Roofing Limited
Unaudited accounts
Contents
All About Roofing Limited
Company Information
for the year ended 31 July 2024
Director
David Charles Taylor
Company Number
04483756 (England and Wales)
Registered Office
178 Mannamead Road
Plymouth
Devon
PL3 5QW
England
Accountants
McWhite Tax & Accounts
C/O 23 Dolphin Court Road
Plymstock
PLYMOUTH
Devon
PL9 8SA
All About Roofing Limited
Statement of financial position
as at 31 July 2024
Tangible assets
9,752
12,287
Cash at bank and in hand
519
108
Creditors: amounts falling due within one year
(27,489)
(28,587)
Net current liabilities
(4,172)
(11,039)
Total assets less current liabilities
5,580
1,248
Provisions for liabilities
Deferred tax
(1,900)
(2,300)
Net assets/(liabilities)
3,680
(1,052)
Called up share capital
12
12
Profit and loss account
3,668
(1,064)
Shareholders' funds
3,680
(1,052)
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2025 and were signed on its behalf by
David Charles Taylor
Director
Company Registration No. 04483756
All About Roofing Limited
Notes to the Accounts
for the year ended 31 July 2024
All About Roofing Limited is a private company, limited by shares, registered in England and Wales, registration number 04483756. The registered office is 178 Mannamead Road, Plymouth, Devon, PL3 5QW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
All About Roofing Limited
Notes to the Accounts
for the year ended 31 July 2024
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.
Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
Deferred tax is calculated 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.
The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).
Pension costs and other post-retirement benefits
Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period
in which they are incurred.
Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary cost payable for the period of absence.
Short-term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.
All About Roofing Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 2 (2023: 2).