IRIS Accounts Production v25.1.4.42 05091693 Board of Directors 1.1.24 31.12.24 31.12.24 24.6.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050916932023-12-31050916932024-12-31050916932024-01-012024-12-31050916932023-04-30050916932023-05-012023-12-31050916932023-12-3105091693ns15:EnglandWales2024-01-012024-12-3105091693ns14:PoundSterling2024-01-012024-12-3105091693ns10:Director12024-01-012024-12-3105091693ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105091693ns10:SmallEntities2024-01-012024-12-3105091693ns10:Audited2024-01-012024-12-3105091693ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105091693ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105091693ns10:FullAccounts2024-01-012024-12-3105091693ns10:OrdinaryShareClass12024-01-012024-12-3105091693ns10:Director22024-01-012024-12-3105091693ns10:Director32024-01-012024-12-3105091693ns10:Director42024-01-012024-12-3105091693ns10:Director52024-01-012024-12-3105091693ns10:Director62024-01-012024-12-3105091693ns10:RegisteredOffice2024-01-012024-12-3105091693ns5:CurrentFinancialInstruments2024-12-3105091693ns5:CurrentFinancialInstruments2023-12-3105091693ns5:ShareCapital2024-12-3105091693ns5:ShareCapital2023-12-3105091693ns5:RetainedEarningsAccumulatedLosses2024-12-3105091693ns5:RetainedEarningsAccumulatedLosses2023-12-3105091693ns5:LandBuildings2024-01-012024-12-3105091693ns5:PlantMachinery2024-01-012024-12-3105091693ns5:LandBuildings2023-12-3105091693ns5:PlantMachinery2023-12-3105091693ns5:LandBuildings2024-12-3105091693ns5:PlantMachinery2024-12-3105091693ns5:LandBuildings2023-12-3105091693ns5:PlantMachinery2023-12-3105091693ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105091693ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105091693ns5:WithinOneYear2024-12-3105091693ns5:WithinOneYear2023-12-3105091693ns5:BetweenOneFiveYears2024-12-3105091693ns5:BetweenOneFiveYears2023-12-3105091693ns5:AllPeriods2024-12-3105091693ns5:AllPeriods2023-12-3105091693ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 05091693 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Central Roofing (South Wales) Limited

Central Roofing (South Wales) Limited (Registered number: 05091693)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Central Roofing (South Wales) Limited

Company Information
for the year ended 31 December 2024







Directors: D Alden
S Ashcroft
J Broady
Mrs A S Lewis
R Rigby
J Williams



Registered office: Central Park
Holmer Road
Hereford
HR4 9BP



Registered number: 05091693 (England and Wales)



Senior statutory auditor: Russell Spencer



Auditors: Acre Accountancy Limited
Statutory Auditor
Certified Accountants
Unit 2 Foley Works
Foley Trading Estate
Hereford
Herefordshire
HR1 2SF

Central Roofing (South Wales) Limited (Registered number: 05091693)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 427,828 278,944

CURRENT ASSETS
Debtors 5 4,380,693 3,585,523
Cash at bank and in hand 780,368 827,689
5,161,061 4,413,212
CREDITORS
Amounts falling due within one year 6 (1,063,845 ) (1,133,472 )
NET CURRENT ASSETS 4,097,216 3,279,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,525,044

3,558,684

PROVISIONS FOR LIABILITIES (57,351 ) (18,690 )
NET ASSETS 4,467,693 3,539,994

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 4,467,692 3,539,993
SHAREHOLDERS' FUNDS 4,467,693 3,539,994

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





J Broady - Director


Central Roofing (South Wales) Limited (Registered number: 05091693)

Notes to the Financial Statements
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Central Roofing (South Wales) 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.

Going Concern
The company has an extensive order book of long-term contracts with a number of customers and suppliers across different geographical areas. As a consequence, the directors believe the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Preparation of consolidated financial statements
The company is included by full consolidation in the the consolidated financial statements of its ultimate parent company, Central roofing TopCo Limited. The registered office of Central roofing TopCo Limited is: Central Park, Holmer Road, Hereford, HR4 7QL.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates. It also requires the Directors to exercise judgement in applying the company's accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements are disclosed below:

Long-term contract work in progress
In respect of long term contracts, profit is only recognised when the contracts outcome can be assessed with reasonable certainty. Long terms contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as the contract progresses. The stage of completion of the contract is assessed by comparing the cost of work completed at the financial year end with the total anticipated cost of the contract.

Depreciation of tangible fixed assets
Depreciation is calculated based on an estimate of the useful economic life of each category of fixed assets together with an estimate of the assets' residual values. The estimates of each asset category's useful economic life have been stated above.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and Straight line over 7 years

Leasehold property is depreciated over the remaining term of the lease, this was 106 years from the leasehold property build date of 2008.

Central Roofing (South Wales) Limited (Registered number: 05091693)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company deals only in basic financial instruments, which are accounted for in accordance with section 1a of FRS102.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities.Financial liabilities are presented as such in the balance sheet. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
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 32 (2023 - 30 ) .

Central Roofing (South Wales) Limited (Registered number: 05091693)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2024 227,250 627,932 855,182
Additions 69,760 128,921 198,681
Disposals - (27,812 ) (27,812 )
At 31 December 2024 297,010 729,041 1,026,051
Depreciation
At 1 January 2024 35,368 540,870 576,238
Charge for year 4,843 44,954 49,797
Eliminated on disposal - (27,812 ) (27,812 )
At 31 December 2024 40,211 558,012 598,223
Net book value
At 31 December 2024 256,799 171,029 427,828
At 31 December 2023 191,882 87,062 278,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 1,657,782 1,036,222
Amounts owed by group undertakings 2,381,217 2,393,625
Amounts recoverable on contract 248,516 75,724
Other debtors 93,178 79,952
4,380,693 3,585,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Payments on account 435,627 277,223
Trade creditors 527,048 776,909
Taxation and social security 63,983 49,642
Other creditors 37,187 29,698
1,063,845 1,133,472

Central Roofing (South Wales) Limited (Registered number: 05091693)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 62,107 57,008
Between one and five years 107,780 105,070
169,887 162,078

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
1 Ordinary £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russell Spencer (Senior Statutory Auditor)
for and on behalf of Acre Accountancy Limited

10. CONTINGENT LIABILITIES

The companies within the group have a group set-off arrangement within their banking facility.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is party to a Debenture for HSBC Bank Plc, including Fixed charge over all present freehold and leasehold property; First charge over book and all other debts, chattels, goodwill and uncalled capital, both present and future; and First floating charge over all assets and undertaking both present and future dated 9 July 2004.

The company is party to a Multilateral Guarantee for Prefequity LLP, dated 29 December 2021. The guarantee was signed by all group companies and includes fixed and floating charges on all of the property or undertaking of the company.

12. ULTIMATE PARENT COMPANY

Central Roofing TopCo Limited is the ultimate parent company. Central Roofing TopCo Limited is registered in England & Wales (Co number 10439997) and the registered office is Central Park, Holmer Road, Hereford, HR4 9BP.

The company is controlled by its directors. There is no single ultimate controlling party.