Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30truefalse262023-10-01No description of principal activity24trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC145704 2023-10-01 2024-09-30 SC145704 2022-10-01 2023-09-30 SC145704 2024-09-30 SC145704 2023-09-30 SC145704 c:CompanySecretary1 2023-10-01 2024-09-30 SC145704 c:Director1 2023-10-01 2024-09-30 SC145704 c:Director3 2023-10-01 2024-09-30 SC145704 c:Director4 2023-10-01 2024-09-30 SC145704 c:Director5 2023-10-01 2024-09-30 SC145704 c:RegisteredOffice 2023-10-01 2024-09-30 SC145704 d:Buildings 2023-10-01 2024-09-30 SC145704 d:Buildings 2024-09-30 SC145704 d:Buildings 2023-09-30 SC145704 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC145704 d:PlantMachinery 2023-10-01 2024-09-30 SC145704 d:PlantMachinery 2024-09-30 SC145704 d:PlantMachinery 2023-09-30 SC145704 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC145704 d:FurnitureFittings 2023-10-01 2024-09-30 SC145704 d:FurnitureFittings 2024-09-30 SC145704 d:FurnitureFittings 2023-09-30 SC145704 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC145704 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC145704 d:FreeholdInvestmentProperty 2024-09-30 SC145704 d:FreeholdInvestmentProperty 2023-09-30 SC145704 d:CurrentFinancialInstruments 2024-09-30 SC145704 d:CurrentFinancialInstruments 2023-09-30 SC145704 d:Non-currentFinancialInstruments 2024-09-30 SC145704 d:Non-currentFinancialInstruments 2023-09-30 SC145704 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC145704 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC145704 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 SC145704 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 SC145704 d:ShareCapital 2024-09-30 SC145704 d:ShareCapital 2023-09-30 SC145704 d:CapitalRedemptionReserve 2024-09-30 SC145704 d:CapitalRedemptionReserve 2023-09-30 SC145704 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC145704 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC145704 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC145704 c:OrdinaryShareClass1 2024-09-30 SC145704 c:OrdinaryShareClass1 2023-09-30 SC145704 c:FRS102 2023-10-01 2024-09-30 SC145704 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC145704 c:FullAccounts 2023-10-01 2024-09-30 SC145704 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC145704 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 SC145704 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 SC145704 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 SC145704 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 SC145704 2 2023-10-01 2024-09-30 SC145704 6 2023-10-01 2024-09-30 SC145704 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC145704










THE FORFAR ROOF TRUSS COMPANY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

COMPANY INFORMATION


DIRECTORS
Mr A Hampton 
Mrs C Hampton 
Mr B Hampton 
Mr D Hampton 




COMPANY SECRETARY
Mrs C Hampton



REGISTERED NUMBER
SC145704



REGISTERED OFFICE
Orchard Loan
Orchardbank Industrial Estate

Forfar

Angus

DD8 1TD




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
THE FORFAR ROOF TRUSS COMPANY LTD
REGISTERED NUMBER: SC145704

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
521,711
468,279

Investments
 5 
63,482
63,482

Investment property
 6 
360,000
360,000

  
945,193
891,761

Current assets
  

Stocks
  
238,861
254,276

Debtors: amounts falling due within one year
 7 
338,862
398,437

Cash at bank and in hand
  
693,646
624,147

  
1,271,369
1,276,860

Creditors: amounts falling due within one year
 8 
(754,564)
(571,313)

Net current assets
  
 
 
516,805
 
 
705,547

Total assets less current liabilities
  
1,461,998
1,597,308

Creditors: amounts falling due after more than one year
 9 
(152,325)
(111,711)

Provisions for liabilities
  

Deferred tax
  
(68,968)
(53,607)

  
 
 
(68,968)
 
 
(53,607)

Net assets
  
1,240,705
1,431,990


Capital and reserves
  

Called up share capital 
 11 
9,350
9,350

Capital redemption reserve
  
9,250
9,250

Profit and loss account
  
1,222,105
1,413,390

  
1,240,705
1,431,990

Page 1

 
THE FORFAR ROOF TRUSS COMPANY LTD
REGISTERED NUMBER: SC145704

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




Mr A Hampton
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

The Forfar Roof Truss Company Ltd is a company limited by shares and is registered in Scotland. The registered office is Orchard Loan, Orchardbank Industrial Estate, Forfar, Angus, DD8 1TD, this is also the principal place of business.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

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

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.7
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Property
-
4 % straight line
Plant and machinery
-
5 - 20% straight line
Fixtures, fittings and equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.9

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 24 (2023 - 26).

Page 6

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Property
Plant and machinery
Fixtures, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
499,923
510,317
112,355
1,122,595


Additions
-
96,847
-
96,847


Disposals
-
(15,300)
-
(15,300)



At 30 September 2024

499,923
591,864
112,355
1,204,142



Depreciation


At 1 October 2023
246,141
308,564
99,611
654,316


Charge for the year on owned assets
8,000
31,719
3,696
43,415


Disposals
-
(15,300)
-
(15,300)



At 30 September 2024

254,141
324,983
103,307
682,431



Net book value



At 30 September 2024
245,782
266,881
9,048
521,711



At 30 September 2023
253,782
201,753
12,744
468,279


5.


FIXED ASSET INVESTMENTS





Unlisted Investments

£



Cost or valuation


At 1 October 2023
63,482



At 30 September 2024
63,482




Page 7

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


INVESTMENT PROPERTY


Investment property

£



Valuation


At 1 October 2023
360,000



At 30 September 2024
360,000

The 2024 valuations were made by the director Mr A Hampton , on an open market value for existing use basis.


2024
2023
£
£


Historic cost
388,764
388,764

388,764
388,764

Page 8

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


DEBTORS

2024
2023
£
£


Trade debtors
184,012
291,099

Prepayments and accrued income
154,850
107,338

338,862
398,437



8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank loans
19,491
18,376

Trade creditors
279,355
232,033

Other taxation and social security
50,927
133,715

Obligations under finance lease and hire purchase contracts
20,921
4,307

Other creditors
323,710
150,135

Accruals and deferred income
60,160
32,747

754,564
571,313



9.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
69,717
92,078

Net obligations under finance leases and hire purchase contracts
82,608
19,633

152,325
111,711



10.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
20,921
4,307

Between 1-5 years
82,608
19,633

103,529
23,940

Page 9

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



9,350 (2023 - 9,350) Ordinary shares of £1.00 each
9,350
9,350



Page 10