2023-08-01 07327715 2024-07-31 07327715 2023-08-01 2024-07-31 07327715 2023-07-31 07327715 2022-08-01 2023-07-31 07327715 uk-core:WithinOneYear 2023-07-31 07327715 uk-core:WithinOneYear 2024-07-31 07327715 uk-core:AfterOneYear 2023-07-31 07327715 uk-core:AfterOneYear 2024-07-31 07327715 uk-core:ShareCapital 2024-07-31 07327715 uk-core:ShareCapital 2023-07-31 07327715 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 07327715 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 07327715 uk-bus:Director1 2023-08-01 2024-07-31 07327715 uk-bus:Director2 2023-08-01 2024-07-31 07327715 uk-core:NetGoodwill 2023-08-01 2024-07-31 07327715 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07327715 uk-core:PlantMachinery 2023-08-01 2024-07-31 07327715 uk-core:ComputerEquipment 2023-08-01 2024-07-31 07327715 uk-core:MotorVehicles 2023-08-01 2024-07-31 07327715 uk-core:FurnitureFittings 2023-08-01 2024-07-31 07327715 uk-core:Goodwill 2023-07-31 07327715 uk-core:Goodwill 2024-07-31 07327715 uk-core:Goodwill 2023-08-01 2024-07-31 07327715 uk-core:ComputerEquipment 2023-07-31 07327715 uk-core:MotorVehicles 2023-07-31 07327715 uk-core:PlantMachinery 2023-07-31 07327715 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-07-31 07327715 uk-core:PlantMachinery 2024-07-31 07327715 uk-core:MotorVehicles 2024-07-31 07327715 uk-core:ComputerEquipment 2024-07-31 07327715 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2024-07-31 iso4217:GBP xbrli:pure 07327715 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07327715 uk-bus:FRS102 2023-08-01 2024-07-31 07327715 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 07327715 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Jamie Brown Roofing & Leadwork Limited
Registered Number:07327715
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Contents Page
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Statement of Financial Position
3 to 8
Notes to the Financial Statements
3
Registered Number :
07327715
As at 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
800
1,600
2
Property, plant and equipment
731,053
560,733
3
731,853
562,333
Current assets
Inventories
57,296
61,522
4
Trade and other receivables
49,016
53,050
5
150,721
Cash and cash equivalents
121,024
235,596
257,033
Trade and other payables: amounts falling due within
one year
(422,744)
(383,938)
6
(165,711)
(148,342)
Net current liabilities
Total assets less current liabilities
583,511
396,622
Trade and other payables: amounts falling due after
more than one year
-
(44,194)
7
(47,564)
(10,444)
Provisions for liabilities
491,753
Net assets
386,178
Capital and reserves
Called up share capital
2
2
Retained earnings
491,751
386,176
491,753
386,178
Shareholders' funds
For the year ended 31 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07327715
For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Statement of Financial Position Continued
Jamie Brown Director
Katrina Brown Director
These financial statements were approved and authorised for issue by the Board on 28 February 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements
Statutory Information
Jamie Brown Roofing & Leadwork Limited is a private limited company, limited by shares, domiciled in
England and Wales, registration number 07327715.
Principal place of business:
25 Crofts Lea Park
Ilfracombe
DEVON
EX34 9PN
Registered address:
10/11 Northfield Road
Ilfracombe
DEVON
EX34 8AL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of 10 years from 1st August 2015 in accordance with FRS 102.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
15% Reducing balance
15% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
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6
For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2023
10,000
At 31 July 2024
10,000
Amortisation
At 01 August 2023
8,400
800
Charge for year
At 31 July 2024
9,200
Net book value
At 31 July 2024
800
At 31 July 2023
1,600
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7
For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Motor
vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 August 2023
620,332
5,729
48,530
36,735
529,338
203,691
217
102,169
26,020
75,285
Additions
-
(14,401)
-
-
Disposals
(14,401)
At 31 July 2024
62,755
136,298
5,946
809,622
604,623
Provision for depreciation and impairment
At 01 August 2023
59,599
2,558
39,121
7,539
10,381
Charge for year
31,934
509
13,251
6,507
11,667
(12,964)
-
(12,964)
-
-
On disposal
At 31 July 2024
78,569
3,067
39,408
14,046
22,048
At 31 July 2024
Net book value
582,575
48,709
96,890
2,879
731,053
At 31 July 2023
518,957
29,196
9,409
3,171
560,733
Motor vehicle costs additions in year includes the list price being £59,000 of a Tesla electric car leased by
the company for a contract period of 36 months.
4. Inventories
2023
2024
£
£
Stocks
61,522
57,296
Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year end and is based on the sales invoice total.
5. Trade and other receivables
2023
2024
£
£
Trade debtors
49,273
28,284
Other debtors
3,777
20,732
49,016
53,050
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For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
12,793
77,590
Taxation and social security
82,149
30,365
Other creditors
288,996
314,789
383,938
422,744
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
44,194
-
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For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
8. Related party transactions
The directors continue to support the company, the directors current account continues to be in credit
and is detailed below.
Balance as at Drawn in Year Introduced Dividends Balance as at
1 August 2023 31 July 2024
£ £ £ £ £
Mr J Brown 149,824 (54,604) 714 37,000 132,934
Mrs K Brown 149,825 (54,604) 714 37,000 132,935
Controlling Interest
Mr J Brown & Mrs K Brown each own 50% of the ordinary share capital and as connected persons have
joint control of the company.
Intercompany Loan
During the year the company made an intercompany loan to Seaview Developments SW Limited, this
loan remains outstanding as at 31 July 2024 and is included in other receivables, along with a provision
for interest receivable. This loan is on an interest free, repayable on demand basis.
£
Intercompany Loan Balance as at 31 July 2024 20,000
Provision for Interest Receivable on Intercompany Loan as at 31 July 2024 440
Mr J Brown and Mrs K Brown own 51% and 49% retrospectively of the ordinary share capital of
Seaview Developments SW Limited and as connected persons have joint control of this company.
Associated Companies
Jamie Brown Roofings & Leadwork Limited and Seaview Developments SW Limited are associated
companies, as they are both under control by Mr J Brown and Mrs K Brown. They have been associated
companies since Seaview Developments SW Limited incorporation beng 8 April 2024.
Closing Work in Progress
A provision of £4,118 for closing work in progress for work yet to be invoiced to Seaview Development
SW Limited from Jamie Brown Roofing & Leadwork Limited as at 31 July 2024 is included in the
financial statements.
9. Guarantees and other financial commitments
Lease commitments
Car lease payments are included as an adjustment on the CT600, these are included on a straightline
basis over the period of the lease.
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For the year ended 31 July 2024
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
10. Average number of persons employed
During the year the average number of employees was 9 (2023 : 9)
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