Registered number: SC252833 | ||||||||
FOR THE YEAR ENDED 31 JULY 2024 | ||||||||
Artisan Roofing Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JULY 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
City of Edinburgh | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in SC - Scotland, registered number SC252833 | ||||||||
ACCOUNTANTS | ||||||||
Hodgson and Company | ||||||||
16 Barnes Green | ||||||||
Livingston | ||||||||
West Lothian | ||||||||
EH54 8PP |
Artisan Roofing Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 JULY 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
Artisan Roofing Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
484,977 | 466,113 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 66,680 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 32,533 | 50,122 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 64,555 | 56,270 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Artisan Roofing Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JULY 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | straight line 33% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
Work in progress is the value of work completed in the period but not invoiced until after the period end. The value of the work in progress is calculated at selling price. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the period. |
1e. Goodwill | ||||||||
Artisan Roofing Limited | ||||||||
1f. Government Grants | ||||||||
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. | ||||||||
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 9 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 August 2023 | 1,407 | 1,407 | ||
At 31 July 2024 | 1,407 | 1,407 | ||
Depreciation | ||||
At 1 August 2023 | 1,407 | 1,407 | ||
At 31 July 2024 | 1,407 | 1,407 | ||
Net Book Amounts | ||||
At 31 July 2024 | ||||
Artisan Roofing Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | |||||||
Machinery | Vehicles | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 August 2023 | 56,441 | 70,996 | 10,071 | 137,508 | ||||
At 31 July 2024 | 56,441 | 70,996 | 10,071 | 137,508 | ||||
Depreciation | ||||||||
At 1 August 2023 | 52,508 | 26,849 | 9,122 | 88,479 | ||||
For the year | 982 | 11,038 | 312 | 12,332 | ||||
At 31 July 2024 | 53,490 | 37,887 | 9,434 | 100,811 | ||||
Net Book Amounts | ||||||||
At 31 July 2024 | 36,697 | |||||||
At 31 July 2023 | 49,029 | |||||||
Included in commercial vehiles are vehicles held under hire purchase agreement to a value of £30,209 (2023: £44,076). | ||||||||
5. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | 177,299 | 110,720 | ||||
Work in progress | ||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 20,976 | 39,983 | ||||||
Other tax | - | 17,033 | ||||||
VAT | 23,637 | 5,854 | ||||||
Other debtors | 220,881 | 200,703 | ||||||
Prepayments | 40,394 | 34,317 | ||||||
Directors current account | - | 6,505 | ||||||
305,888 | 304,395 | |||||||
Artisan Roofing Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 29,542 | 42,502 | ||||||
Directors current account | 2,809 | - | ||||||
Bank loans and overdrafts | - | 2,274 | ||||||
Bank loans | 133,483 | 139,028 | ||||||
Hire purchase | 9,154 | 10,155 | ||||||
Trade creditors | 202,329 | 123,534 | ||||||
Other creditors | 8,446 | 53,978 | ||||||
Accrued expenses | 29,648 | 27,962 | ||||||
415,411 | 399,433 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans | 11,516 | 19,951 | ||||||
Hire purchase | 21,017 | 30,171 | ||||||
32,533 | 50,122 | |||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 9,174 | 9,316 | ||||||
9,174 | 9,316 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||
Artisan Roofing Limited | ||||||||
11. SECURED DEBT | ||||||||
Financed assets are secured over the assets to which they relate to a value of £30,209 (2023: £44,076). | ||||||||
The loan from the Royal Bank of Scotland PLC is secured by way of a standard security to a value of £nil (2023: £nil). | ||||||||
12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES | ||||||||
Included in 'Debtors' is an amount of £nil (2023: £6,505) due to the company by the director. | ||||||||