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Company Registration No. SC638825 (Scotland)
Connor Roofing Services Limited Unaudited accounts for the year ended 31 August 2024
Connor Roofing Services Limited Unaudited accounts Contents
Page
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Connor Roofing Services Limited Company Information for the year ended 31 August 2024
Director
Jamie Connor
Company Number
SC638825 (Scotland)
Registered Office
Unit 8 Abbotsinch Court Grangemouth FK3 9UN
Accountants
Armet Accounting Ltd Room 31 Haypark Business Centre Polmont FK2 0NZ
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Connor Roofing Services Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
217 
226 
Tangible assets
113,621 
103,984 
113,838 
104,210 
Current assets
Inventories
8,000 
5,000 
Debtors
26,647 
1,905 
Cash at bank and in hand
28,440 
13,243 
63,087 
20,148 
Creditors: amounts falling due within one year
(89,241)
(63,750)
Net current liabilities
(26,154)
(43,602)
Total assets less current liabilities
87,684 
60,608 
Creditors: amounts falling due after more than one year
(67,810)
(66,207)
Provisions for liabilities
Deferred tax
(5,614)
(4,823)
Net assets/(liabilities)
14,260 
(10,422)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
14,259 
(10,423)
Shareholders' funds
14,260 
(10,422)
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
Jamie Connor Director Company Registration No. SC638825
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Connor Roofing Services Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Connor Roofing Services Limited is a private company, limited by shares, registered in Scotland, registration number SC638825. The registered office is Unit 8, Abbotsinch Court, Grangemouth, FK3 9UN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
Motor vehicles
5 years
Computer equipment
3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Connor Roofing Services Limited Notes to the Accounts for the year ended 31 August 2024
Deferred taxation
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 (or less) 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. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
234 
At 31 August 2024
234 
Amortisation
At 1 September 2023
8 
Charge for the year
9 
At 31 August 2024
17 
Net book value
At 31 August 2024
217 
At 31 August 2023
226 
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Connor Roofing Services Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
23,252 
113,526 
4,256 
5,516 
146,550 
Additions
1,718 
34,916 
1,162 
1,687 
39,483 
At 31 August 2024
24,970 
148,442 
5,418 
7,203 
186,033 
Depreciation
At 1 September 2023
9,728 
29,853 
335 
2,650 
42,566 
Charge for the year
4,812 
22,286 
1,172 
1,576 
29,846 
At 31 August 2024
14,540 
52,139 
1,507 
4,226 
72,412 
Net book value
At 31 August 2024
10,430 
96,303 
3,911 
2,977 
113,621 
At 31 August 2023
13,524 
83,673 
3,921 
2,866 
103,984 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
84,067 
78,593 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,955 
1,905 
Accrued income and prepayments
792 
- 
Other debtors
19,900 
- 
26,647 
1,905 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,200 
2,200 
VAT
15,007 
9,320 
Obligations under finance leases and hire purchase contracts
17,071 
13,210 
Trade creditors
33,338 
25,111 
Taxes and social security
17,337 
8,615 
Other creditors
404 
397 
Loans from directors
- 
4,422 
Accruals
3,884 
475 
89,241 
63,750 
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Connor Roofing Services Limited Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,651 
3,851 
Obligations under finance leases and hire purchase contracts
66,159 
62,356 
67,810 
66,207 
The loans in respect of the finance lease agreements are secured against the assets to which they relate.
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,637 
8,714 
Later than one year and not later than five years
40,375 
50,012 
50,012 
58,726 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director Loan
- 
19,350 
- 
19,350 
- 
19,350 
- 
19,350 
A advance of £19,350 (2023: £nil) has been made to the director. Interest has been charged at a rate of 2.25%. The loan has since been repaid in full.
11
Average number of employees
During the year the average number of employees was 9 (2023: 6).
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