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REGISTERED NUMBER: 06610185 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)






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


K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: K Humphries
N Humphries
S Humphries





SECRETARY: Ms M Dixon





REGISTERED OFFICE: Ivy Cottage
West End Road
Norton
DONCASTER
South Yorkshire
DN6 9EF





REGISTERED NUMBER: 06610185 (England and Wales)





ACCOUNTANTS: AMH Accountancy Services Limited
10 Railway Court
Ten Pound Walk
DONCASTER
South Yorkshire
DN4 5FB

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111,914 115,242
Investment property 6 247,341 247,341
359,255 362,583

CURRENT ASSETS
Debtors 7 113,877 237,179
Cash at bank 605,419 325,658
719,296 562,837
CREDITORS
Amounts falling due within one year 8 265,696 180,564
NET CURRENT ASSETS 453,600 382,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,855

744,856

CREDITORS
Amounts falling due after more than one year 9 (74,064 ) (103,732 )

PROVISIONS FOR LIABILITIES (29,136 ) (28,810 )
NET ASSETS 709,655 612,314

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 709,652 612,311
SHAREHOLDERS' FUNDS 709,655 612,314

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.

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

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 27 February 2025 and were signed on its behalf by:





S Humphries - Director


K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

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

1. STATUTORY INFORMATION

K Humphries & Sons Roofing Contractors 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023
and 31 May 2024 30,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 30,826 7,686 183,208 2,935 224,655
Additions - 691 35,493 744 36,928
Disposals - - (12,970 ) - (12,970 )
At 31 May 2024 30,826 8,377 205,731 3,679 248,613
DEPRECIATION
At 1 June 2023 18,504 4,504 84,465 1,940 109,413
Charge for year 2,465 581 32,532 574 36,152
Eliminated on disposal - - (8,866 ) - (8,866 )
At 31 May 2024 20,969 5,085 108,131 2,514 136,699
NET BOOK VALUE
At 31 May 2024 9,857 3,292 97,600 1,165 111,914
At 31 May 2023 12,322 3,182 98,743 995 115,242

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 145,328
Additions 35,493
Disposals (12,970 )
Transfer to ownership (12,970 )
At 31 May 2024 154,881
DEPRECIATION
At 1 June 2023 62,349
Charge for year 27,565
Eliminated on disposal (8,866 )
Transfer to ownership (8,866 )
At 31 May 2024 72,182
NET BOOK VALUE
At 31 May 2024 82,699
At 31 May 2023 82,979

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 247,341
NET BOOK VALUE
At 31 May 2024 247,341
At 31 May 2023 247,341

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,284 153,553
Other debtors 3,156 3,156
Directors' current accounts 26,251 32,853
Tax 10,612 18,742
Prepayments and accrued income 107 12,795
Prepayments 22,467 16,080
113,877 237,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 11,035
Hire purchase contracts 31,331 25,362
Trade creditors 89,692 54,376
Tax 95,518 61,330
Social security and other taxes 5,715 5,483
Pension contributions 2,237 2,014
VAT 18,681 7,446
Directors' current accounts 9,512 10,738
Accrued expenses 3,010 2,780
265,696 180,564

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,113 10,113
Bank loans - 2-5 years 1,484 10,420
Hire purchase contracts 62,467 83,199
74,064 103,732

K HUMPHRIES & SONS ROOFING CONTRACTORS
LIMITED (REGISTERED NUMBER: 06610185)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 1,236

10. SECURED DEBTS

The company has an overdraft facility with HSBC Bank plc. HSBC Bank plc holds a fixed and floating charge over current and future assets of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
K Humphries
Balance outstanding at start of year 32,853 56,154
Amounts advanced 63,805 -
Amounts repaid (70,952 ) (23,301 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,706 32,853

The company has charged the director interest at HM Revenue & Customs rate applicable to beneficial loans of £1,295 (2023 - £816) on his overdrawn loan account. This amount is included in the balance disclosed above.