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REGISTERED NUMBER: 09833576 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE ROOFING CENTRE LTD

THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ROOFING CENTRE LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: L Morris





REGISTERED OFFICE: Unit 1, Pristine Business Park
Newport Road
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8UD





REGISTERED NUMBER: 09833576 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 238,250 147,282
Investments 5 1,300 1,300
239,550 148,582

CURRENT ASSETS
Stocks 506,901 518,228
Debtors 6 607,824 655,520
Cash at bank and in hand 156,425 260,161
1,271,150 1,433,909
CREDITORS
Amounts falling due within one year 7 (683,896 ) (630,753 )
NET CURRENT ASSETS 587,254 803,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

826,804

951,738

CREDITORS
Amounts falling due after more than one
year

8

(122,413

)

(91,463

)

PROVISIONS FOR LIABILITIES (59,563 ) (36,821 )
NET ASSETS 644,828 823,454

CAPITAL AND RESERVES
Called up share capital 25 1
Share premium 52,176 -
Retained earnings 592,627 823,453
SHAREHOLDERS' FUNDS 644,828 823,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

BALANCE SHEET - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





L Morris - Director


THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

The Roofing Centre Ltd is a limited company, registered in England and Wales. Its registered office address is Unit 1 Pristine Business Park, Newport Road, Woburn Sands, Milton Keynes, England, MK17 8UD, and the registered number is 09833576.

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.

The presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures and fittings25% reducing balance
Computer equipment33% straight line
Motor Vehicles25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.
(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Investments held at cost less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 63,159 212,861 29,345 305,365
Additions - 139,739 - 139,739
At 30 September 2024 63,159 352,600 29,345 445,104
DEPRECIATION
At 1 October 2023 37,462 94,913 25,708 158,083
Charge for year 6,425 41,133 1,213 48,771
At 30 September 2024 43,887 136,046 26,921 206,854
NET BOOK VALUE
At 30 September 2024 19,272 216,554 2,424 238,250
At 30 September 2023 25,697 117,948 3,637 147,282

THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 1,300
NET BOOK VALUE
At 30 September 2024 1,300
At 30 September 2023 1,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 409,619 476,054
Other debtors 198,205 179,466
607,824 655,520

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,061 10,014
Hire purchase contracts (see note 9) 55,740 33,047
Trade creditors 586,825 543,880
Taxation and social security 2,296 39,054
Other creditors 23,974 4,758
683,896 630,753

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,616 19,908
Hire purchase contracts (see note 9) 112,797 71,555
122,413 91,463

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 55,740 33,047
Between one and five years 112,797 71,555
168,537 104,602

THE ROOFING CENTRE LTD (REGISTERED NUMBER: 09833576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 76,280 78,620
Between one and five years 268,165 279,445
In more than five years 81,250 146,250
425,695 504,315

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
L Morris
Balance outstanding at start of year (458 ) 3
Amounts advanced 957 612
Amounts repaid (256 ) (1,073 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 243 (458 )

11. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £131,459 (2023: £131,459) owing from a company (Morris Roofing and Leadworks Ltd) whose controlling shareholder is the same as this company.

The company is currently in liquidation, however no provision has been made for the outstanding debtor at the balance sheet date.

Included within aged debtors is an amount of £226,420 owing from a company (Morris Roofing (MK) Ltd) whose controlling shareholder is the same as this company.