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REGISTERED NUMBER: 11354007 (England and Wales)















Craven Roofing Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Craven Roofing Limited (Registered number: 11354007)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Craven Roofing Limited

Company Information
for the Year Ended 31 May 2024







Directors: Sharon Ann Craven
Kenneth Craven





Registered office: 472 Bolton Road
Darwen
Lancashire
BB3 2JR





Registered number: 11354007 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Craven Roofing Limited (Registered number: 11354007)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 50,000 50,000
Tangible assets 5 8,057 11,927
58,057 61,927

Current assets
Debtors 6 20,917 5,665
Cash at bank and in hand 56,057 118,837
76,974 124,502
Creditors
Amounts falling due within one year 7 94,180 109,907
Net current (liabilities)/assets (17,206 ) 14,595
Total assets less current liabilities 40,851 76,522

Provisions for liabilities 8 1,531 2,982
Net assets 39,320 73,540

Capital and reserves
Called up share capital 9 100 100
Retained earnings 39,220 73,440
Shareholders' funds 39,320 73,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Craven Roofing Limited (Registered number: 11354007)

Statement of Financial Position - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Sharon Ann Craven - Director


Craven Roofing Limited (Registered number: 11354007)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

Craven Roofing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration receivable for roofing services provided net of Value Added Tax during the year.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the usual requirements of FRS102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS102 has not been accounted for. If amortisation has been accounted for the change for the year would have amounted to £5,000 and the profit for the year reduced accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Craven Roofing Limited (Registered number: 11354007)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 50,000
Net book value
At 31 May 2024 50,000
At 31 May 2023 50,000

Craven Roofing Limited (Registered number: 11354007)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 15,998 653 16,651
Depreciation
At 1 June 2023 4,670 54 4,724
Charge for year 3,750 120 3,870
At 31 May 2024 8,420 174 8,594
Net book value
At 31 May 2024 7,578 479 8,057
At 31 May 2023 11,328 599 11,927

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,458 4,320
Other debtors 1,459 1,345
20,917 5,665

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,917 1,872
Taxation and social security 9,424 31,975
Other creditors 79,839 76,060
94,180 109,907

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,531 2,982

Craven Roofing Limited (Registered number: 11354007)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 June 2023 2,982
Credit to Statement of Income and Retained Earnings during year (1,451 )
Balance at 31 May 2024 1,531

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares 1.00 100 100