Company Registration No. 04043846 (England and Wales)
JRC ROOFING DISTRIBUTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
JRC ROOFING DISTRIBUTORS LIMITED
COMPANY INFORMATION
Directors
Mrs R J Connor
Mr J N Connor
Mr E M Connor
Company number
04043846
Registered office
Further Lee Farm
Burnley Road
Colne
BB8 8LF
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
JRC ROOFING DISTRIBUTORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
JRC ROOFING DISTRIBUTORS LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,802
34,435
Current assets
Stocks
1,380,239
1,199,547
Debtors
4
1,177,212
927,159
Cash at bank and in hand
65,765
44,744
2,623,216
2,171,450
Creditors: amounts falling due within one year
5
(1,519,007)
(1,340,683)
Net current assets
1,104,209
830,767
Total assets less current liabilities
1,119,011
865,202
Creditors: amounts falling due after more than one year
6
(356,121)
(101,851)
Provisions for liabilities
(1,115)
(5,645)
Net assets
761,775
757,706
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
761,773
757,704
Total equity
761,775
757,706

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

JRC ROOFING DISTRIBUTORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 February 2025 and are signed on its behalf by:
Mrs R J Connor
Director
Company registration number 04043846 (England and Wales)
JRC ROOFING DISTRIBUTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

JRC Roofing Distributors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Further Lee Farm, Burnley Road, Colne, BB8 8LF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the value of goods sold during the period, exclusive of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% on cost and 10% on cost
Plant and equipment
33% on cost
Fixtures and fittings
20% on cost, 15% on cost and 10% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

JRC ROOFING DISTRIBUTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
8
JRC ROOFING DISTRIBUTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 August 2023
61,110
6,210
70,457
51,814
189,591
Additions
-
0
-
0
328
1,413
1,741
Disposals
-
0
(2,000)
(67,561)
-
0
(69,561)
At 31 July 2024
61,110
4,210
3,224
53,227
121,771
Depreciation and impairment
At 1 August 2023
48,756
6,210
51,995
48,195
155,156
Depreciation charged in the year
1,872
-
0
329
2,187
4,388
Eliminated in respect of disposals
-
0
(2,000)
(50,575)
-
0
(52,575)
At 31 July 2024
50,628
4,210
1,749
50,382
106,969
Carrying amount
At 31 July 2024
10,482
-
0
1,475
2,845
14,802
At 31 July 2023
12,354
-
0
18,462
3,619
34,435
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
632,768
875,387
Amounts owed by group undertakings
505,782
16,552
Other debtors
38,662
35,220
1,177,212
927,159
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
90,750
55,556
Trade creditors
651,330
760,153
Taxation and social security
258,595
380,061
Other creditors
518,332
144,913
1,519,007
1,340,683
JRC ROOFING DISTRIBUTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
356,121
101,851
7
Financial commitments, guarantees and contingent liabilities

At 31 July 2024 the company was committed to buy foreign currency at commercial rates amounting to €402,663 (2023: €607,400).

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