Fascia Rite Roofing Ltd 06838652 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is general roofing work Digita Accounts Production Advanced 6.30.9574.0 true true 06838652 2023-04-01 2024-03-31 06838652 2024-03-31 06838652 bus:OrdinaryShareClass1 2024-03-31 06838652 core:CurrentFinancialInstruments 2024-03-31 06838652 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06838652 core:FurnitureFittingsToolsEquipment 2024-03-31 06838652 core:MotorVehicles 2024-03-31 06838652 core:OtherPropertyPlantEquipment 2024-03-31 06838652 bus:SmallEntities 2023-04-01 2024-03-31 06838652 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06838652 bus:FilletedAccounts 2023-04-01 2024-03-31 06838652 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06838652 bus:RegisteredOffice 2023-04-01 2024-03-31 06838652 bus:Director1 2023-04-01 2024-03-31 06838652 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06838652 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06838652 core:CommercialMotorVehicles 2023-04-01 2024-03-31 06838652 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06838652 core:MotorVehicles 2023-04-01 2024-03-31 06838652 core:OfficeEquipment 2023-04-01 2024-03-31 06838652 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06838652 core:PlantMachinery 2023-04-01 2024-03-31 06838652 countries:England 2023-04-01 2024-03-31 06838652 2023-03-31 06838652 core:FurnitureFittingsToolsEquipment 2023-03-31 06838652 core:MotorVehicles 2023-03-31 06838652 core:OtherPropertyPlantEquipment 2023-03-31 06838652 2022-04-01 2023-03-31 06838652 2023-03-31 06838652 bus:OrdinaryShareClass1 2023-03-31 06838652 core:CurrentFinancialInstruments 2023-03-31 06838652 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06838652 core:FurnitureFittingsToolsEquipment 2023-03-31 06838652 core:MotorVehicles 2023-03-31 06838652 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06838652

Fascia Rite Roofing Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Company Information

Director

Mr John Broadway

Registered office

F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

 

(Registration number: 06838652)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

67,420

51,989

Current assets

 

Debtors

5

742,444

530,929

Cash at bank and in hand

 

15,158

76,419

 

757,602

607,348

Creditors: Amounts falling due within one year

6

(135,860)

(72,562)

Net current assets

 

621,742

534,786

Net assets

 

689,162

586,775

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

689,160

586,773

Shareholders' funds

 

689,162

586,775

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 March 2025
 

.........................................
Mr John Broadway
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

The principal place of business is:
Chapel Farm
Bawtry Road
Hatfield Woodhouse
Doncaster
DN7 6PH

These financial statements were authorised for issue by the director on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Reducing balance 25%

Ofice equipment

Straight line 50%

Commercial motor vehicles

Straight line 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,499

88,133

16,086

105,718

Additions

1,015

32,157

446

33,618

Disposals

(1,499)

(3,750)

-

(5,249)

At 31 March 2024

1,015

116,540

16,532

134,087

Depreciation

At 1 April 2023

1,312

37,585

14,832

53,729

Charge for the year

272

17,573

342

18,187

Eliminated on disposal

(1,499)

(3,750)

-

(5,249)

At 31 March 2024

85

51,408

15,174

66,667

Carrying amount

At 31 March 2024

930

65,132

1,358

67,420

At 31 March 2023

187

50,548

1,254

51,989

5

debtors

Current

Note

2024
£

2023
£

Trade debtors

 

178

-

Amounts owed by related parties

741,399

530,540

Prepayments

 

867

-

Other debtors

 

-

389

   

742,444

530,929

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

97,590

-

Trade creditors

 

-

9,126

Taxation and social security

 

36,054

57,940

Accruals and deferred income

 

-

4,217

Other creditors

 

2,216

1,279

 

135,860

72,562

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2