BARRETT ROOFING LIMITED

Company Registration Number:
04561262 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

BARRETT ROOFING LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

BARRETT ROOFING LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 18,184 30,378
Total fixed assets: 18,184 30,378
Current assets
Stocks: 3,500 2,750
Debtors:   38,414 38,753
Cash at bank and in hand: 77,278 46,208
Total current assets: 119,192 87,711
Creditors: amounts falling due within one year: 4 (69,865) (50,996)
Net current assets (liabilities): 49,327 36,715
Total assets less current liabilities: 67,511 67,093
Creditors: amounts falling due after more than one year: 5 (10,505) (20,752)
Provision for liabilities: (3,455) (7,595)
Total net assets (liabilities): 53,551 38,746
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 53,351 38,546
Shareholders funds: 53,551 38,746

The notes form part of these financial statements

BARRETT ROOFING LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 April 2025
and signed on behalf of the board by:

Name: R P BARRETT
Status: Director

The notes form part of these financial statements

BARRETT ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is the total amount receivable by the Company in the ordinary course of business for goods supplied and services provided. Contract turnover includes the value of work completed during the financial year after reference to the total sales value and stage completion of the project.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor Vehicles - 25% reducing balance basis Plant and Machinery - 25% reducing balance basis Office Equipment - 25% reducing balance basis Office Refurbishments - 10% equal annual instalments

Intangible fixed assets and amortisation policy

Amortisation is provided at 10% on cost per annum in order to write off goodwill over its estimated useful economic life. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation and information policy

Stock is valued at the lower of cost and net realisable value, due allowance having been made for obsolete and slow moving items.

Other accounting policies

Profit recognition on contracting activities: Profit is only taken at the stage near enough to completion for that profit to be reasonably certain. Provision is made for all losses incurred to the accounting date together with any further losses that are foreseen in bringing contracts to completion. Taxation: Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Debtors and Creditors Receivable/Payable Within One Year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Leased Assets: Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred. Loans: Loans and other financing arrangements are initially recognised at the transaction price including any associated costs. Interest is charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

BARRETT ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

BARRETT ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 51,141
Additions 6,000
Disposals (15,694)
At 31 July 2024 41,447
Depreciation
At 01 August 2023 20,763
Charge for year 6,034
On disposals (3,534)
At 31 July 2024 23,263
Net book value
At 31 July 2024 18,184
At 31 July 2023 30,378

BARRETT ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

There are no secured creditors.

BARRETT ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due after more than one year note

There are no secured creditors.

BARRETT ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Financial commitments

At 31 July 2024 , the Company had commitments of £2,765 (2023: £9,655) under non cancellable operating leases ,of which £2,765 falls due within 1 year (2023:£6,890) and £Nil after more than 1 year (2023: £2,765)