BrightAccountsProduction v1.0.0 v1.0.0 2023-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of a roofing contractor and asbestos removal specialist. 9 April 2025 NI605250 2024-10-31 NI605250 2023-10-31 NI605250 2022-10-31 NI605250 2023-11-01 2024-10-31 NI605250 2022-11-01 2023-10-31 NI605250 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI605250 uk-curr:PoundSterling 2023-11-01 2024-10-31 NI605250 uk-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI605250 uk-bus:FullAccounts 2023-11-01 2024-10-31 NI605250 uk-bus:Director1 2023-11-01 2024-10-31 NI605250 uk-bus:Director2 2023-11-01 2024-10-31 NI605250 uk-bus:Director3 2023-11-01 2024-10-31 NI605250 uk-bus:CompanySecretary1 2023-11-01 2024-10-31 NI605250 uk-bus:RegisteredOffice 2023-11-01 2024-10-31 NI605250 uk-bus:Agent1 2023-11-01 2024-10-31 NI605250 uk-core:ShareCapital 2024-10-31 NI605250 uk-core:ShareCapital 2023-10-31 NI605250 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI605250 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI605250 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI605250 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI605250 uk-bus:FRS102 2023-11-01 2024-10-31 NI605250 uk-core:LandBuildings 2023-11-01 2024-10-31 NI605250 uk-core:PlantMachinery 2023-11-01 2024-10-31 NI605250 uk-core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 NI605250 uk-core:MotorVehicles 2023-11-01 2024-10-31 NI605250 uk-core:CurrentFinancialInstruments 2024-10-31 NI605250 uk-core:CurrentFinancialInstruments 2023-10-31 NI605250 uk-core:WithinOneYear 2024-10-31 NI605250 uk-core:WithinOneYear 2023-10-31 NI605250 uk-core:WithinOneYear 2024-10-31 NI605250 uk-core:WithinOneYear 2023-10-31 NI605250 uk-core:WithinOneYear 2024-10-31 NI605250 uk-core:WithinOneYear 2023-10-31 NI605250 uk-core:AfterOneYear 2024-10-31 NI605250 uk-core:AfterOneYear 2023-10-31 NI605250 uk-core:BetweenOneFiveYears 2024-10-31 NI605250 uk-core:BetweenOneFiveYears 2023-10-31 NI605250 uk-core:EmployeeBenefits 2023-10-31 NI605250 uk-core:EmployeeBenefits 2023-11-01 2024-10-31 NI605250 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-10-31 NI605250 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-10-31 NI605250 uk-core:OtherDeferredTax 2024-10-31 NI605250 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-10-31 NI605250 uk-core:EmployeeBenefits 2024-10-31 NI605250 2023-11-01 2024-10-31 NI605250 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI605250
 
 
David Jameson Roofing Services Ltd
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 31 October 2024
David Jameson Roofing Services Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Mr. David Jameson Jnr.
Mrs. Carrie Simpson
Miss Emma Jameson
 
 
Company Secretary Ms. Carrie Simspon
 
 
Company Registration Number NI605250
 
 
Registered Office and Business Address 286 Tandragee Road
Portadown
BT62 3RB
 
 
Accountants Muldoon
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers Danske Bank
  45-48 High Street
  Portadown
  Co. Armagh
  BT62 1LB



David Jameson Roofing Services Ltd
DIRECTORS' REPORT
for the financial year ended 31 October 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 31 October 2024.
     
Directors
The directors who served during the financial year are as follows:
     
Mr. David Jameson Jnr.
Mrs. Carrie Simpson
Miss Emma Jameson
   
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Balance Sheet and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to Muldoon, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr. David Jameson Jnr.
Director
     
9 April 2025



David Jameson Roofing Services Ltd
Company Registration Number: NI605250
BALANCE SHEET
as at 31 October 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 644,799 202,562
───────── ─────────
 
Current Assets
Stocks 5 379,755 206,285
Debtors 6 1,305,706 1,197,434
Cash and cash equivalents 1,462,181 1,458,433
───────── ─────────
3,147,642 2,862,152
───────── ─────────
Creditors: amounts falling due within one year 7 (1,450,271) (746,295)
───────── ─────────
Net Current Assets 1,697,371 2,115,857
───────── ─────────
Total Assets less Current Liabilities 2,342,170 2,318,419
 
Creditors:
amounts falling due after more than one year 8 (74,812) (108,966)
 
Provisions for liabilities 10 (51,924) (44,091)
───────── ─────────
Net Assets 2,215,434 2,165,362
═════════ ═════════
 
Capital and Reserves
Called up share capital 3 3
Retained earnings 2,215,431 2,165,359
───────── ─────────
Equity attributable to owners of the company 2,215,434 2,165,362
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.
           
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 9 April 2025 and signed on its behalf by
           
           
           
________________________________          
Mr. David Jameson Jnr.          
Director          
           



David Jameson Roofing Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 October 2024

   
1. General Information
 
David Jameson Roofing Services Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 286 Tandragee Road, Portadown, BT62 3RB which is also the principal place of business of the company. The principal activity of the company is that of a roofing contractor and asbestos removal specialist. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 October 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 20% Straight line
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 63, (2023 - 74).
 
  2024 2023
  Number Number
 
Administration 6 6
Director 3 3
Production 54 65
  ───────── ─────────
  63 74
  ═════════ ═════════

               
4. Tangible assets
  Land and Investment Plant and Fixtures, Motor Total
  buildings properties machinery fittings and vehicles  
  freehold     equipment    
  £ £ £ £ £ £
Cost
At 1 November 2023 11,000 10,000 106,245 92,852 376,688 596,785
Additions - 220,744 4,295 7,605 326,975 559,619
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 October 2024 11,000 230,744 110,540 100,457 703,663 1,156,404
  ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 November 2023 9,168 - 104,702 77,094 203,259 394,223
Charge for the financial year 1,833 - 1,824 11,402 102,323 117,382
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 October 2024 11,001 - 106,526 88,496 305,582 511,605
  ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 October 2024 (1) 230,744 4,014 11,961 398,081 644,799
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 31 October 2023 1,832 10,000 1,543 15,758 173,429 202,562
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

       
5. Stocks 2024 2023
  £ £
 
Work in progress 379,755 206,285
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 981,658 813,368
Amounts owed by connected parties (Note 11) 38,000 168,000
Directors' current accounts (Note ) 68,300 106,213
Taxation  (Note 9) 158,547 60,835
Prepayments and accrued income 59,201 49,018
  ───────── ─────────
  1,305,706 1,197,434
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 530 380
Net obligations under finance leases
and hire purchase contracts 51,372 45,459
Trade creditors 1,177,301 547,471
Taxation  (Note 9) 40,058 39,391
Other creditors 177,850 108,204
Pension accrual 3,160 5,390
  ───────── ─────────
  1,450,271 746,295
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 74,812 108,966
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 51,372 45,459
Repayable between one and five years 74,812 108,966
  ───────── ─────────
  126,184 154,425
  ═════════ ═════════
       
9. Taxation 2024 2023
  £ £
 
Debtors:
VAT 137,883 39,163
Corporation tax 20,664 6,674
Construction industry scheme - 14,998
  ───────── ─────────
  158,547 60,835
  ═════════ ═════════
Creditors:
PAYE / NI 40,058 39,391
  ═════════ ═════════
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 44,091 44,091 15,846
Charged to profit and loss 7,833 7,833 28,245
  ───────── ───────── ─────────
At financial year end 51,924 51,924 44,091
  ═════════ ═════════ ═════════
           
11. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
  38,000 (130,000) 168,000 -
  ═════════ ═════════ ═════════ ═════════
 
During the year, the company made loans to the director amounting to £45,765, these were repaid within 9 months of the year end.