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REGISTERED NUMBER: 13367561 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Smart Roofer Ltd

Smart Roofer Ltd (Registered number: 13367561)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Smart Roofer Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr B J Harpur
Mr R Willmott
Mr B T Willmott





REGISTERED OFFICE: 2500 Blueprint
Portfield Road
Portsmouth
Hampshire
PO3 5JF





REGISTERED NUMBER: 13367561 (England and Wales)





ACCOUNTANTS: Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Smart Roofer Ltd (Registered number: 13367561)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 14,126

CURRENT ASSETS
Debtors 5 21,889 18,785
Cash at bank and in hand 28,316 10,751
50,205 29,536
CREDITORS
Amounts falling due within one year 6 70,190 62,729
NET CURRENT LIABILITIES (19,985 ) (33,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,985

)

(19,067

)

ACCRUALS AND DEFERRED INCOME 1 (1 )
NET LIABILITIES (19,986 ) (19,066 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,086 ) (19,166 )
SHAREHOLDERS' FUNDS (19,986 ) (19,066 )

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

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 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.

Smart Roofer Ltd (Registered number: 13367561)

Statement of Financial Position - continued
31 July 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 Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





Mr B J Harpur - Director


Smart Roofer Ltd (Registered number: 13367561)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Smart Roofer Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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.

Smart Roofer Ltd (Registered number: 13367561)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 August 2023 18,834
Disposals (18,834 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 4,708
Eliminated on disposal (4,708 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 14,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,353 15,171
VAT 748 -
Prepayments and accrued income 1,788 3,614
21,889 18,785

Smart Roofer Ltd (Registered number: 13367561)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 7) 5,540 5,858
Trade creditors 72 1,930
Amounts owed to joint ventures 58,923 47,289
Corporation tax - 314
Social security and other taxes - 1,191
VAT - 258
Other creditors 3,446 4,239
Directors' current accounts 90 90
Accruals and deferred income 2,119 1,560
70,190 62,729

Amounts owed to associates are to "GRP Solutions Limited" (Company number 09626126). "GRP Solutions Limited" holds 50% of the the company's share capital.

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 5,540 5,858

Loans of £5,540 relate to "R W Mouldings Limited" (Company Number 11388596).

8. OTHER FINANCIAL COMMITMENTS

There were no financial commitments, contingencies or guarantees made on behalf of directors.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances to directors during the financial year. At the financial year end, the company owed £90 (2023 - £90) to the director, B Harpur.

Smart Roofer Ltd (Registered number: 13367561)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. RELATED PARTY DISCLOSURES

"Smart Roofer Limited" invoiced "GRP Solutions Ltd" £5,412 (2023 - £5,687) for net costs of goods during the financial year. These are presented in sales in the profit and loss account. At the financial year end, "GRP Solutions Ltd" owed "Smart Roofer Limited" £nil (2023 - £1,192) in respect of unpaid invoices. These are presented in debtors.

"GRP Solutions Ltd" invoiced "Smart Roofer Limited" £157,264 for net costs of goods during the financial year (2023 - £62,502). At the financial year end, "Smart Roofer Limited" owed "GRP Solutions Ltd" £55,129 (2023 - £42,145) in respect of unpaid invoices.

"GRP Solutions Ltd" also provided loans to "Smart Roofer Limited" during the financial year of £nil (2023 - £144). "Smart Roofer Limited" made repayments of £1,350 (2023 - £nil) during the financial year and at the financial year end owed "GRP Solutions Ltd" £3,794 (2023 - £5,144) in respect of loans. The loans provided are unsecured, interest free and repayable on demand.

"GRP Solutions Ltd" (Company Number 09626126) is a company in which Mr B J Harpur is also a director and holds a beneficial interest.

"Smart Roofer Limited" invoiced "R W Mouldings Limited" £31,630 for net costs of goods during the financial year (2023 - £8,526). At the financial year end, "R W Mouldings Limited" owed "Smart Roofer Limited" Nil (2023 - Nil) for unpaid invoices.

"Smart Roofer Limited" made repayments of £318 (2023 - £nil) during the financial year and at the financial year end owed "R W Mouldings Limited" £5,540 (2023 - £5,858) in respect of loans. The loans provided are unsecured, interest free and repayable on demand.

"R W Mouldings Limited" (Company Number 11388596) is a company in which Mr R Willmott is also a director and holds a beneficial interest.

"Smart Roofer Limited" invoiced "The Fibreglass Roofing Store Limited" £12,434 (2023 - £15,957) for net costs of goods during the financial year. These are presented in sales in the profit and loss account. At the financial year end, "The Fibreglass Roofing Store Limited" owed "Smart Roofer Limited" nil (2023 - nil) in respect of unpaid invoices.

"The Fibreglass Roofing Store Limited" (Company Number 13545352) is a company in which Mr R Willmott is also a director and holds a beneficial interest.

11. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.