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Registered number: 09739380
Cambrian Roofing Ltd
Financial Statements
For The Year Ended 31 August 2024
Paul Costello Acccountancy Ltd.
Penycastell Farm Bryn
Port Talbot
Neath Port Talbot
SA13 2PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09739380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 190,216 120,831
190,216 120,831
CURRENT ASSETS
Stocks 5 - 45,000
Debtors 6 663,085 541,706
Cash at bank and in hand 416,555 142,773
1,079,640 729,479
Creditors: Amounts Falling Due Within One Year 7 (400,627 ) (491,769 )
NET CURRENT ASSETS (LIABILITIES) 679,013 237,710
TOTAL ASSETS LESS CURRENT LIABILITIES 869,229 358,541
Creditors: Amounts Falling Due After More Than One Year 8 (18,124 ) (23,380 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,077 ) -
NET ASSETS 834,028 335,161
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 833,928 335,061
SHAREHOLDERS' FUNDS 834,028 335,161
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For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Trott
Director
26/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cambrian Roofing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09739380 . The registered office is Penycastell Farm, Bryn, Port Talbot, West Glamorgan, SA13 2PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 90,183 138,236 700 10,135 239,254
Additions 66,053 55,612 - 5,209 126,874
As at 31 August 2024 156,236 193,848 700 15,344 366,128
Depreciation
As at 1 September 2023 27,406 86,752 140 4,125 118,423
Provided during the period 29,632 25,131 140 2,586 57,489
As at 31 August 2024 57,038 111,883 280 6,711 175,912
Net Book Value
As at 31 August 2024 99,198 81,965 420 8,633 190,216
As at 1 September 2023 62,777 51,484 560 6,010 120,831
5. Stocks
2024 2023
£ £
Work in progress - 45,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93,769 263,944
Other debtors 124,301 43,549
CIS Suffered 9,006 162,728
Pension scheme prepayments (366 ) (663 )
Corporation tax recoverable assets 104,628 -
VAT 21,738 72,148
Directors' loan accounts 310,009 -
663,085 541,706
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,712 12,851
Trade creditors 129,656 419,693
Corporation tax 256,144 46,861
Other taxes and social security 1,415 5,620
Net wages 700 2,600
Accruals and deferred income 4,000 4,000
Directors' loan accounts - 144
400,627 491,769
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,124 23,380
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,712 12,851
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Stephen Trott (72 ) 155,076 - - 155,004
Mr Moy Trott (72 ) 155,076 - - 155,004
The above loan is unsecured, interest free and repayable on demand.
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 7,000 62,000
14. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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