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REGISTERED NUMBER: 03857984 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

W R LEIVERS ROOFING LIMITED

W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


W R LEIVERS ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: C H Jackson
N Leivers-Jackson





Secretary: C H Jackson





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP





Registered number: 03857984 (England and Wales)





Accountants: TC Group
10-11 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 111,414 68,520
111,414 68,520

Current assets
Stocks 14,360 16,011
Debtors 6 220,479 251,448
Cash at bank 143,641 153,559
378,480 421,018
Creditors
Amounts falling due within one year 7 (179,669 ) (153,908 )
Net current assets 198,811 267,110
Total assets less current liabilities 310,225 335,630

Creditors
Amounts falling due after more than one
year

8

(24,763

)

(29,651

)

Provisions for liabilities (8,326 ) (8,326 )
Net assets 277,136 297,653

Capital and reserves
Called up share capital 10 51 51
Share premium 24,999 24,999
Other reserves 50 50
Retained earnings 252,036 272,553
Shareholders' funds 277,136 297,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





N Leivers-Jackson - Director


W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)

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

1. STATUTORY INFORMATION

W R Leivers Roofing 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.

Goodwill - 5% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.No element of profit is included in the valuation of wok in progress.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 statement of financial position 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 held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability ad the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 April 2023
and 31 March 2024 72,949
Amortisation
At 1 April 2023
and 31 March 2024 72,949
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 April 2023 1,936 70,325 52,425 111,712 236,398
Additions - - 1,258 70,999 72,257
At 31 March 2024 1,936 70,325 53,683 182,711 308,655
Depreciation
At 1 April 2023 680 49,676 48,621 68,901 167,878
Charge for year 25 6,105 2,614 20,619 29,363
At 31 March 2024 705 55,781 51,235 89,520 197,241
Net book value
At 31 March 2024 1,231 14,544 2,448 93,191 111,414
At 31 March 2023 1,256 20,649 3,804 42,811 68,520

W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)

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

5. TANGIBLE FIXED ASSETS - continued

Hire purchase agreements
Included within net book value of motor vehicles of £93,191 is £35,750 (2023 - £12,427) relating to assets under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £3,250 (2023 - £4,142).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 210,759 229,543
Other debtors 1,017 1,083
Directors' loan accounts - 13,520
Prepayments and accrued income 8,703 7,302
220,479 251,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 6,656 3,242
Trade creditors 127,465 76,659
Tax 3,087 48,597
Social security and other taxes 4,959 5,958
VAT 503 990
Other creditors 1,810 116
Directors' loan accounts 20,939 3,346
Accruals and deferred income 4,250 5,000
179,669 153,908

Hire purchase contracts are secured against the assets which they relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 2-5 years 13,333 23,333
Hire purchase contracts (see note 9) 11,430 6,318
24,763 29,651

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 6,656 3,242
Between one and five years 11,430 6,318
18,086 9,560

W R LEIVERS ROOFING LIMITED (REGISTERED NUMBER: 03857984)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary A £1 50 50
1 Ordinary B £1 1 1
51 51

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
C H Jackson
Balance outstanding at start of year 13,520 21,242
Amounts advanced 23,140 23,543
Amounts repaid (31,744 ) (31,265 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,916 13,520

N Leivers-Jackson
Balance outstanding at start of year (3,346 ) 17,808
Amounts advanced 18,864 18,146
Amounts repaid (41,372 ) (39,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,854 ) (3,346 )

It is company policy to charge interest on all overdrawn loan accounts at HMRC official rate of interest. The amount owed at the year end was £17 (2023: £83) and is included in other debtors.

The bank holds as security for the company's overdraft a fixed charge against personal funds of Mr C Jackson held on deposit at the bank.