REGISTERED NUMBER: 07087569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

YOUNGS ROOFING BATH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Young

Miss H Young

O Young

SECRETARY:

REGISTERED OFFICE:

Braysdown Manor

Woodborough

Peasedown St John

Bath

BA2 8LN

REGISTERED NUMBER:

07087569 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Tangible assets

4

92,076

157,201

Investment property

5

231,185

231,185

323,261

388,386

CURRENT ASSETS

Stocks

75,000

-

Debtors

6

538,433

547,247

Cash at bank

357,205

227,528

970,638

774,775

CREDITORS

Amounts falling due within one year

7

(535,743

)

(350,085

)

NET CURRENT ASSETS

434,895

424,690

TOTAL ASSETS LESS CURRENT LIABILITIES

758,156

813,076

CREDITORS

Amounts falling due after more than one year

8

(66,630

)

(148,627

)

PROVISIONS FOR LIABILITIES

(6,200

)

(17,982

)

NET ASSETS

685,326

646,467

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

685,225

646,366

SHAREHOLDERS' FUNDS

685,326

646,467

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 8 May 2025 and were signed on its behalf by:

R Young - Director

1.	STATUTORY INFORMATION

Youngs Roofing Bath 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Rentals paid 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

8,000

853

232,486

5,400

246,739

Additions

-

6,921

-

973

7,894

Disposals

-

-

(55,255

)

-

(55,255

)

At 30 November 2024

8,000

7,774

177,231

6,373

199,378

DEPRECIATION

At 1 December 2023

5,469

451

80,543

3,075

89,538

Charge for year

633

1,098

27,625

2,222

31,578

Eliminated on disposal

-

-

(13,814

)

-

(13,814

)

At 30 November 2024

6,102

1,549

94,354

5,297

107,302

NET BOOK VALUE

At 30 November 2024

1,898

6,225

82,877

1,076

92,076

At 30 November 2023

2,531

402

151,943

2,325

157,201

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2023

197,562

Disposals

(55,255

)

At 30 November 2024

142,307

DEPRECIATION

At 1 December 2023

70,984

Charge for year

21,284

Eliminated on disposal

(13,814

)

At 30 November 2024

78,454

NET BOOK VALUE

At 30 November 2024

63,853

At 30 November 2023

126,578

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

and 30 November 2024

231,185

NET BOOK VALUE

At 30 November 2024

231,185

At 30 November 2023

231,185

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

305,679

335,536

Other debtors

232,754

211,711

538,433

547,247

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

40,000

40,000

Hire purchase contracts

18,774

25,140

Trade creditors

299,006

224,306

Taxation and social security

167,466

54,787

Other creditors

10,497

5,852

535,743

350,085

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,000

70,000

Hire purchase contracts

36,630

78,627

66,630

148,627

9.	OTHER FINANCIAL COMMITMENTS

As at 30th November 2024, the company had future operating lease commitments totalling £158,313.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

R Young

Balance outstanding at start of year

121,808

120,462

Amounts advanced

145,855

122,396

Amounts repaid

(121,875

)

(121,050

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

145,788

121,808

Miss H Young

Balance outstanding at start of year

644

-

Amounts advanced

-

2,644

Amounts repaid

(3,000

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,356

)

644

O Young

Balance outstanding at start of year

2,700

-

Amounts advanced

4,300

4,700

Amounts repaid

(7,000

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,700