IRIS Accounts Production v25.1.3.33 01029710 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010297102023-12-31010297102024-12-31010297102024-01-012024-12-31010297102022-12-31010297102023-01-012023-12-31010297102023-12-3101029710ns15:EnglandWales2024-01-012024-12-3101029710ns14:PoundSterling2024-01-012024-12-3101029710ns10:Director12024-01-012024-12-3101029710ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101029710ns10:SmallEntities2024-01-012024-12-3101029710ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101029710ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101029710ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101029710ns10:FullAccounts2024-01-012024-12-3101029710ns10:Director22024-01-012024-12-3101029710ns10:CompanySecretary12024-01-012024-12-3101029710ns10:RegisteredOffice2024-01-012024-12-3101029710ns5:CurrentFinancialInstruments2024-12-3101029710ns5:CurrentFinancialInstruments2023-12-3101029710ns5:Non-currentFinancialInstruments2024-12-3101029710ns5:Non-currentFinancialInstruments2023-12-3101029710ns5:ShareCapital2024-12-3101029710ns5:ShareCapital2023-12-3101029710ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3101029710ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3101029710ns5:RetainedEarningsAccumulatedLosses2024-12-3101029710ns5:RetainedEarningsAccumulatedLosses2023-12-3101029710ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3101029710ns5:FurnitureFittings2024-01-012024-12-3101029710ns5:MotorVehicles2024-01-012024-12-3101029710ns5:ComputerEquipment2024-01-012024-12-3101029710ns5:LandBuildings2023-12-3101029710ns5:FurnitureFittings2023-12-3101029710ns5:MotorVehicles2023-12-3101029710ns5:ComputerEquipment2023-12-3101029710ns5:LandBuildings2024-01-012024-12-3101029710ns5:LandBuildings2024-12-3101029710ns5:FurnitureFittings2024-12-3101029710ns5:MotorVehicles2024-12-3101029710ns5:ComputerEquipment2024-12-3101029710ns5:LandBuildings2023-12-3101029710ns5:FurnitureFittings2023-12-3101029710ns5:MotorVehicles2023-12-3101029710ns5:ComputerEquipment2023-12-3101029710ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3101029710ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3101029710ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3101029710ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3101029710ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101029710ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101029710ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3101029710ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3101029710ns5:Secured2024-12-3101029710ns5:Secured2023-12-3101029710ns10:Director222023-12-3101029710ns10:Director222022-12-3101029710ns10:Director222024-01-012024-12-3101029710ns10:Director222023-01-012023-12-3101029710ns10:Director222024-12-3101029710ns10:Director222023-12-31010297101ns10:Director12023-12-31010297101ns10:Director12022-12-31010297101ns10:Director12024-01-012024-12-31010297101ns10:Director12023-01-012023-12-31010297101ns10:Director12024-12-31010297101ns10:Director12023-12-31
REGISTERED NUMBER: 01029710 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUPA ROOFING & POWER TOOLS LIMITED

SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPA ROOFING & POWER TOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr C R Greenberry
Mr K E Simpson



SECRETARY: Mr K E Simpson



REGISTERED OFFICE: Aller Mills
Kingskerswell
Newton Abbot
Devon
TQ12 5AU



REGISTERED NUMBER: 01029710 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays Bank Plc
6-8 Palace Avenue
Paignton
Devon
TQ3 3ET

SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 495,779 513,500

CURRENT ASSETS
Stocks 5 762,972 673,160
Debtors 6 955,212 670,032
Investments 7 2,550 2,550
Cash at bank and in hand 33,681 38,213
1,754,415 1,383,955
CREDITORS
Amounts falling due within one year 8 690,908 510,231
NET CURRENT ASSETS 1,063,507 873,724
TOTAL ASSETS LESS CURRENT LIABILITIES 1,559,286 1,387,224

CREDITORS
Amounts falling due after more than one
year

9

(21,230

)

(40,584

)

PROVISIONS FOR LIABILITIES (19,482 ) (22,738 )
NET ASSETS 1,518,574 1,323,902

CAPITAL AND RESERVES
Called up share capital 3,624 3,624
Other reserves 10,867 10,867
Retained earnings 1,504,083 1,309,411
SHAREHOLDERS' FUNDS 1,518,574 1,323,902

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mr C R Greenberry - Director


SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Supa Roofing & Power Tools Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Fixtures fittings & equipment - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold fittings Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 469,492 127,407 226,998 6,880 830,777
Additions - 5,177 8,500 - 13,677
Disposals - - (10,500 ) - (10,500 )
At 31 December 2024 469,492 132,584 224,998 6,880 833,954
DEPRECIATION
At 1 January 2024 46,940 122,522 143,860 3,955 317,277
Charge for year 4,692 2,516 22,671 731 30,610
Eliminated on disposal - - (9,712 ) - (9,712 )
At 31 December 2024 51,632 125,038 156,819 4,686 338,175
NET BOOK VALUE
At 31 December 2024 417,860 7,546 68,179 2,194 495,779
At 31 December 2023 422,552 4,885 83,138 2,925 513,500

Included in cost of land and buildings is freehold land of £ 234,746 (2023 - £ 234,746 ) which is not depreciated.

SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 36,975
DEPRECIATION
At 1 January 2024 16,178
Charge for year 5,200
At 31 December 2024 21,378
NET BOOK VALUE
At 31 December 2024 15,597
At 31 December 2023 20,797

5. STOCKS
2024 2023
£    £   
Stocks 762,972 673,160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 522,799 536,097
Invoice Discount Finance 308,458 40,128
Directors' current accounts 119,350 85,603
Prepayments 4,605 8,204
955,212 670,032

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments in buying groups 2,550 2,550

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,166 22,319
Hire purchase contracts 7,149 7,149
Trade creditors 392,914 251,795
Tax 193,553 149,788
Social security and other taxes 12,894 12,520
VAT 60,431 53,830
Accrued expenses 12,801 12,830
690,908 510,231

SUPA ROOFING & POWER TOOLS LIMITED (REGISTERED NUMBER: 01029710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,500 19,705
Hire purchase contracts 13,730 20,879
21,230 40,584

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 18,666 42,024
Hire purchase contracts 20,879 28,028
39,545 70,052

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr K E Simpson
Balance outstanding at start of year 60,311 (1,156 )
Amounts advanced 75,901 181,467
Amounts repaid (60,000 ) (120,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,212 60,311

Mr C R Greenberry
Balance outstanding at start of year 25,292 (30,736 )
Amounts advanced 77,846 176,028
Amounts repaid (60,000 ) (120,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,138 25,292

Loans are unsecured, interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £184,280 were paid to the directors .

13. GOVERNMENT GUARANTEED LOAN

The bank loan of £17,500 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to September 2026.