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REGISTERED NUMBER: SC379854 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

AG Roofing & Cladding Services Ltd

AG Roofing & Cladding Services Ltd (Registered number: SC379854)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

AG Roofing & Cladding Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G Simmons
Mrs N Simmons





REGISTERED OFFICE: 87 Calder Street
Coatbridge
North Lanarkshire
ML5 4EY





REGISTERED NUMBER: SC379854 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

AG Roofing & Cladding Services Ltd (Registered number: SC379854)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,236 -

CURRENT ASSETS
Debtors 6 26,142 13,562
Cash at bank 29,075 15,199
55,217 28,761
CREDITORS
Amounts falling due within one year 7 47,104 27,861
NET CURRENT ASSETS 8,113 900
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,349

900

PROVISIONS FOR LIABILITIES 309 -
NET ASSETS 9,040 900

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,039 899
SHAREHOLDERS' FUNDS 9,040 900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 26 March 2025 and were signed on its behalf by:



G Simmons - Director


AG Roofing & Cladding Services Ltd (Registered number: SC379854)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

AG Roofing & Cladding Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from various services supplied by the company.

Turnover is measured at the fair value of services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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 etc - 25% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

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.


AG Roofing & Cladding Services Ltd (Registered number: SC379854)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 3,553
Additions 1,648
Disposals (1,500 )
At 30 June 2024 3,701
DEPRECIATION
At 1 July 2023 3,553
Charge for year 412
Eliminated on disposal (1,500 )
At 30 June 2024 2,465
NET BOOK VALUE
At 30 June 2024 1,236

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,900 688
Other debtors 10,242 12,874
26,142 13,562

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,026 7,248
Taxation and social security 30,639 19,413
Other creditors 1,439 1,200
47,104 27,861

AG Roofing & Cladding Services Ltd (Registered number: SC379854)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
G Simmons
Balance outstanding at start of year 2,632 (3 )
Amounts advanced - 2,635
Amounts repaid (2,871 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (239 ) 2,632

This loan is unsecured, interest free and has no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

Metal Tech Roofing & Cladding Ltd
During the year transactions took place with Metal Tech Roofing and Cladding Ltd, a company which G Simmons is also a director. AG Roofing & Cladding Services Ltd received £83,333 in management fees in the year ended 30th June 2024 from Metal Tech Roofing & Cladding Ltd (2023: £42,661). At the year end the balance owed to the company by Metal Tech Roofing & Cladding Ltd was £15,900 (2023:£668).

Tersim Holdings Ltd
The company has transactions with Tersim Holdings Ltd, a company in which G Simmons is a director. At the year end, the balance due to the company by Tersim Holdings was £10,242 (2023: £10,242).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AG Roofing & Cladding Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AG Roofing & Cladding Services Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of AG Roofing & Cladding Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AG Roofing & Cladding Services Ltd and state those matters that we have agreed to state to the Board of Directors of AG Roofing & Cladding Services Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AG Roofing & Cladding Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AG Roofing & Cladding Services Ltd. You consider that AG Roofing & Cladding Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AG Roofing & Cladding Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


26 March 2025