REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
Smart Roofer Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1 August 2023 |
Disposals | ( |
) |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Eliminated on disposal | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
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) |
Trade creditors |
Amounts owed to joint ventures | 58,923 | 47,289 |
Corporation tax |
Social security and other taxes |
VAT | - | 258 |
Other creditors |
Directors' current accounts | 90 | 90 |
Accruals and deferred income |
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 |
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. |