IRIS Accounts Production v24.3.2.46 04526466 director 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045264662023-10-31045264662024-10-31045264662023-11-012024-10-31045264662022-10-31045264662022-11-012023-10-31045264662023-10-3104526466ns15:EnglandWales2023-11-012024-10-3104526466ns14:PoundSterling2023-11-012024-10-3104526466ns10:Director12023-11-012024-10-3104526466ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3104526466ns10:SmallEntities2023-11-012024-10-3104526466ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3104526466ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104526466ns10:FullAccounts2023-11-012024-10-310452646612023-11-012024-10-3104526466ns10:RegisteredOffice2023-11-012024-10-3104526466ns5:CurrentFinancialInstruments2024-10-3104526466ns5:CurrentFinancialInstruments2023-10-3104526466ns5:ShareCapital2024-10-3104526466ns5:ShareCapital2023-10-3104526466ns5:RetainedEarningsAccumulatedLosses2024-10-3104526466ns5:RetainedEarningsAccumulatedLosses2023-10-3104526466ns5:NetGoodwill2023-11-012024-10-3104526466ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3104526466ns5:PlantMachinery2023-11-012024-10-3104526466ns5:FurnitureFittings2023-11-012024-10-3104526466ns5:MotorVehicles2023-11-012024-10-3104526466ns5:ComputerEquipment2023-11-012024-10-3104526466ns5:NetGoodwill2023-10-3104526466ns5:NetGoodwill2024-10-3104526466ns5:NetGoodwill2023-10-3104526466ns5:PlantMachinery2023-10-3104526466ns5:FurnitureFittings2023-10-3104526466ns5:MotorVehicles2023-10-3104526466ns5:ComputerEquipment2023-10-3104526466ns5:PlantMachinery2024-10-3104526466ns5:FurnitureFittings2024-10-3104526466ns5:MotorVehicles2024-10-3104526466ns5:ComputerEquipment2024-10-3104526466ns5:PlantMachinery2023-10-3104526466ns5:FurnitureFittings2023-10-3104526466ns5:MotorVehicles2023-10-3104526466ns5:ComputerEquipment2023-10-3104526466ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3104526466ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31045264661ns10:Director12023-10-31045264661ns10:Director12022-10-31045264661ns10:Director12023-11-012024-10-31045264661ns10:Director12022-11-012023-10-31045264661ns10:Director12024-10-31045264661ns10:Director12023-10-31
REGISTERED NUMBER: 04526466 (England and Wales)















K.P. YOUNG ROOFING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






K.P. YOUNG ROOFING LIMITED (REGISTERED NUMBER: 04526466)

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










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


K.P. YOUNG ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr. K.P. Young





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 04526466 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
K.P. YOUNG ROOFING LIMITED


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 K.P. Young Roofing Limited for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of K.P. Young Roofing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K.P. Young Roofing Limited and state those matters that we have agreed to state to the director of K.P. Young Roofing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K.P. Young Roofing Limited and its director for our work or for this report.

It is your duty to ensure that K.P. Young Roofing Limited 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 loss of K.P. Young Roofing Limited. You consider that K.P. Young Roofing Limited 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 K.P. Young Roofing Limited. 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


12 March 2025

K.P. YOUNG ROOFING LIMITED (REGISTERED NUMBER: 04526466)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,253 20,465
15,253 20,465

CURRENT ASSETS
Debtors 6 34,965 22,287
Cash at bank 87,324 193,836
122,289 216,123
CREDITORS
Amounts falling due within one year 7 87,853 100,615
NET CURRENT ASSETS 34,436 115,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,689

135,973

PROVISIONS FOR LIABILITIES - 5,116
NET ASSETS 49,689 130,857

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 49,687 130,855
SHAREHOLDERS' FUNDS 49,689 130,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

K.P. YOUNG ROOFING LIMITED (REGISTERED NUMBER: 04526466)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





Mr. K.P. Young - Director


K.P. YOUNG ROOFING LIMITED (REGISTERED NUMBER: 04526466)

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


1. STATUTORY INFORMATION

K.P. Young 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
Turnover represents net sales of goods/services, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

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.

K.P. YOUNG ROOFING LIMITED (REGISTERED NUMBER: 04526466)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 30,800
AMORTISATION
At 1 November 2023
and 31 October 2024 30,800
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 13,529 3,022 53,312 17,050 86,913
DEPRECIATION
At 1 November 2023 11,913 2,543 37,997 13,995 66,448
Charge for year 323 48 3,829 1,012 5,212
At 31 October 2024 12,236 2,591 41,826 15,007 71,660
NET BOOK VALUE
At 31 October 2024 1,293 431 11,486 2,043 15,253
At 31 October 2023 1,616 479 15,315 3,055 20,465

K.P. YOUNG ROOFING LIMITED (REGISTERED NUMBER: 04526466)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,109 16,568
Other debtors 21,856 5,719
34,965 22,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,771 12,868
Taxation and social security 860 20,962
Other creditors 72,222 66,785
87,853 100,615

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr. K.P. Young
Balance outstanding at start of year 947 -
Amounts advanced 45,296 91,500
Amounts repaid (46,243 ) (90,553 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 947