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REGISTERED NUMBER: 11985687 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

COASTAL PLASTERING & ROOFING LTD

COASTAL PLASTERING & ROOFING LTD (REGISTERED NUMBER: 11985687)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COASTAL PLASTERING & ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M S Pearce
N G Woolhouse





REGISTERED OFFICE: 11 Kippy Law
SEAHOUSES
Northumberland
NE68 7YH





REGISTERED NUMBER: 11985687 (England and Wales)





ACCOUNTANTS: Greaves Grindle
Chartered Accountants
Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA

COASTAL PLASTERING & ROOFING LTD (REGISTERED NUMBER: 11985687)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,737 19,318

CURRENT ASSETS
Debtors 5 11,243 5,818
Cash at bank and in hand 27,759 16,101
39,002 21,919
CREDITORS
Amounts falling due within one year 6 71,015 32,985
NET CURRENT LIABILITIES (32,013 ) (11,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,724

8,252

CREDITORS
Amounts falling due after more than one
year

7

5,000

-
NET ASSETS 2,724 8,252

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,723 8,251
2,724 8,252

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.

COASTAL PLASTERING & ROOFING LTD (REGISTERED NUMBER: 11985687)

BALANCE SHEET - 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 Income Statement 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:





M S Pearce - Director


COASTAL PLASTERING & ROOFING LTD (REGISTERED NUMBER: 11985687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Coastal Plastering & Roofing Ltd 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

COASTAL PLASTERING & ROOFING LTD (REGISTERED NUMBER: 11985687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 3,155 1,622 30,094 34,871
Additions 20,647 - 16,649 37,296
At 31 May 2024 23,802 1,622 46,743 72,167
DEPRECIATION
At 1 June 2023 1,577 541 13,435 15,553
Charge for year 7,934 541 8,402 16,877
At 31 May 2024 9,511 1,082 21,837 32,430
NET BOOK VALUE
At 31 May 2024 14,291 540 24,906 39,737
At 31 May 2023 1,578 1,081 16,659 19,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,964 5,818
Other debtors 2,279 -
11,243 5,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 44,755 -
Trade creditors 3,664 4,826
Taxation and social security 9,128 16,255
Other creditors 13,468 11,904
71,015 32,985

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 5,000 -