7 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09900995 2024-01-01 2024-12-31 09900995 2024-12-31 09900995 2023-12-31 09900995 2023-01-01 2023-12-31 09900995 2023-12-31 09900995 2022-12-31 09900995 core:PlantMachinery 2024-01-01 2024-12-31 09900995 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 09900995 core:MotorVehicles 2024-01-01 2024-12-31 09900995 bus:RegisteredOffice 2024-01-01 2024-12-31 09900995 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 09900995 bus:Director1 2024-01-01 2024-12-31 09900995 bus:Director2 2024-01-01 2024-12-31 09900995 core:PlantMachinery 2023-12-31 09900995 core:FurnitureFittingsToolsEquipment 2023-12-31 09900995 core:MotorVehicles 2023-12-31 09900995 core:PlantMachinery 2024-12-31 09900995 core:FurnitureFittingsToolsEquipment 2024-12-31 09900995 core:MotorVehicles 2024-12-31 09900995 core:WithinOneYear 2024-12-31 09900995 core:WithinOneYear 2023-12-31 09900995 core:AfterOneYear 2024-12-31 09900995 core:AfterOneYear 2023-12-31 09900995 core:UKTax 2024-01-01 2024-12-31 09900995 core:UKTax 2023-01-01 2023-12-31 09900995 core:ShareCapital 2024-12-31 09900995 core:ShareCapital 2023-12-31 09900995 core:RetainedEarningsAccumulatedLosses 2024-12-31 09900995 core:RetainedEarningsAccumulatedLosses 2023-12-31 09900995 core:PlantMachinery 2023-12-31 09900995 core:FurnitureFittingsToolsEquipment 2023-12-31 09900995 core:MotorVehicles 2023-12-31 09900995 bus:SmallEntities 2024-01-01 2024-12-31 09900995 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09900995 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09900995 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09900995 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 09900995
RTB Roofing Limited
Unaudited filleted financial statements
31 December 2024
RTB Roofing Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
RTB Roofing Limited
Directors and other information
Directors R Beeson
T Beeson
Company number 09900995
Registered office 124-126 Church Hill
Loughton
Essex
IG10 1LH
Accountants Pollock Taylor Ltd
Chartered Certified Accountants
124-126 Church Hill
Loughton
Essex
IG10 1LH
RTB Roofing Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 310,610 235,383
_________ _________
310,610 235,383
Current assets
Stocks 25,015 50,110
Debtors 7 924,557 1,001,293
Cash at bank and in hand 2,214,867 754,521
_________ _________
3,164,439 1,805,924
Creditors: amounts falling due
within one year 8 ( 1,268,985) ( 820,235)
_________ _________
Net current assets 1,895,454 985,689
_________ _________
Total assets less current liabilities 2,206,064 1,221,072
Creditors: amounts falling due
after more than one year 9 ( 207,229) ( 203,621)
Provisions for liabilities ( 59,545) ( 44,723)
_________ _________
Net assets 1,939,290 972,728
_________ _________
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,939,190 972,628
_________ _________
Shareholders funds 1,939,290 972,728
_________ _________
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 May 2025 , and are signed on behalf of the board by:
R Beeson
Director
Company registration number: 09900995
RTB Roofing Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 124-126 Church Hill, Loughton, Essex, IG10 1LH.
The principal activity of the company is that of roof repairs and general building.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 8 ).
5. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 358,774 124,643
_________ _________
Deferred tax:
Origination and reversal of timing differences 14,822 13,006
_________ _________
Tax on profit 373,596 137,649
_________ _________
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 9,903 11,361 325,185 346,449
Additions 14,388 5,860 181,696 201,944
Disposals - - ( 80,641) ( 80,641)
_________ _________ _________ _________
At 31 December 2024 24,291 17,221 426,240 467,752
_________ _________ _________ _________
Depreciation
At 1 January 2024 2,175 3,130 105,761 111,066
Charge for the year 3,318 2,112 69,959 75,389
Disposals - - ( 29,313) ( 29,313)
_________ _________ _________ _________
At 31 December 2024 5,493 5,242 146,407 157,142
_________ _________ _________ _________
Carrying amount
At 31 December 2024 18,798 11,979 279,833 310,610
_________ _________ _________ _________
At 31 December 2023 7,728 8,231 219,424 235,383
_________ _________ _________ _________
7. Debtors
2024 2023
£ £
Trade debtors 690,172 977,730
Other debtors 234,385 23,563
_________ _________
924,557 1,001,293
_________ _________
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 786,772 567,796
Corporation tax 358,774 124,643
Social security and other taxes 37,791 53,300
Other creditors 75,648 64,496
_________ _________
1,268,985 820,235
_________ _________
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 5,000 15,000
Other creditors 202,229 188,621
_________ _________
207,229 203,621
_________ _________