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REGISTERED NUMBER: 03746288 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Central Roofing and Building Services
Limited

Central Roofing and Building Services
Limited (Registered number: 03746288)

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










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Central Roofing and Building Services
Limited

Company Information
for the year ended 31 December 2024







Directors: D Alden
J Broady
Mrs A S Lewis
D J Mccarthy
J Price
R Rigby
G Withers



Registered office: Central Park
Holmer Road
Hereford
HR4 9BP



Registered number: 03746288 (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 and Building Services
Limited (Registered number: 03746288)

Strategic Report
for the year ended 31 December 2024


The directors present their strategic report for the year ended 31 December 2024.

Review of business
The principal activity of the company during the year continued to be that of roofing and building services.

The key performance indicators are considered to be those that communicate the financial performance and strength of the company, being turnover, gross and operating margins and working capital ratios.

Turnover for the year months was £36.5.m, a 1% increase pro rata (8 months to 31/12/2023: £24.1m) with a gross profit margin achieved of 34.0 % (31/12/2023: 34.6%) and an operating profit margin of 15.1% (31/12/2023: 18.7%). Profit after tax for the period was £4.5m (31/12/2023: £3.6m). Dividends of £2.35m (31/12/2023 £1.5m) were paid to the parent company meaning profits of £2.2m (31/12/2023 £2.1m) were retained and added to brought forward reserves. Shareholders' funds stood at £20.6m at the end of the period (31/12/2023: £18.4m). The current ratio increased from 3.90 at 31 December 2023 to 4.3 at 31 December 2024; excluding group debt, the ratio increased from 2.31 to 2.60.Debtor days were 46 days (31/12/2024 55 days).

The profit and loss, balance sheet and cashflow are all monitored monthly through the year by comparison to budget and prior year performance.

Despite challenging macro-economic conditions, as a board, we are satisfied with the performance of the company for the year.

Principal risks and uncertainties
The risks facing the company are assessed on an ongoing basis. The directors evaluate the likelihood and potential impact of each of the risks and ensure appropriate action is taken to mitigate it.

Future developments
There are a number of areas of opportunity that can help to increase the growth of the business including new branches, growth with existing client base, and working on maintenance agreements with clients close to the branches. Implementing growth plans will be a key duty for the Central Group sales team. We believe we are strongly positioned to proceed with our growth plans.

On behalf of the board:





J Broady - Director


24 June 2025

Central Roofing and Building Services
Limited (Registered number: 03746288)

Report of the Directors
for the year ended 31 December 2024


The directors present their report with the financial statements of the company for the year ended 31 December 2024.

Principal activity
The principal activity of the company in the year under review was that of roofing and building services.

Dividends
The directors have proposed a dividend of £2,350,000 (2023 £1,500,000) for the year.

Directors
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

D Alden
J Broady
Mrs A S Lewis
D J Mccarthy
J Price
R Rigby
G Withers

Political donations and expenditure
No political donations were made in the year.

Financial risk management objectives and policies
The company aims to minimise financial risks by applying the following practices:

Price Risk - agreeing sales and (as far as possible) costs in advance of commencing work on contracts.

Credit Risk - employing sensible credit control procedures to ensure minimal bad debts.

Liquidity/Cashflow Risk - agreeing regular invoicing on work.

Disclosure in the strategic report
Certain disclosures required by the Companies Act 2006 have been included in the Strategic report on page 2.

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


Central Roofing and Building Services
Limited (Registered number: 03746288)

Report of the Directors
for the year ended 31 December 2024

Statement of directors' responsibilities - continued
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Acre Accountancy Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





J Broady - Director


24 June 2025

Report of the Independent Auditors to the Members of
Central Roofing and Building Services
Limited


Opinion
We have audited the financial statements of Central Roofing and Building Services Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Central Roofing and Building Services
Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on pages three and four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We enquired with management about the legal framework that the company operates in. We also enquired about the risk of fraud and whether they were aware of any instances of fraud.

We communicated the outcome of this risk assessment with the audit team and planned our audit work accordingly. Our work in these areas is limited to analytical procedures and inspection of relevant documentation. Where a breach of operational regulations is not disclosed to us, or it is not evident from documentation that we receive during the audit, an audit will not detect that breach.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Central Roofing and Building Services
Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Russell Spencer (Senior Statutory Auditor)
for and on behalf of Acre Accountancy Limited
Statutory Auditor
Certified Accountants
Unit 2 Foley Works
Foley Trading Estate
Hereford
Herefordshire
HR1 2SF

24 June 2025

Central Roofing and Building Services
Limited (Registered number: 03746288)

Statement of Comprehensive Income
for the year ended 31 December 2024

period
1.5.23
year ended to
31.12.24 31.12.23
Notes £    £   

TURNOVER 36,496,653 24,088,647

Cost of sales (24,098,478 ) (15,766,072 )
GROSS PROFIT 12,398,175 8,322,575

Administrative expenses (6,886,516 ) (3,823,023 )
OPERATING PROFIT 4 5,511,659 4,499,552

Income from fixed asset investments - 3,043
Interest receivable and similar income 189,239 8,412
5,700,898 4,511,007

Interest payable and similar expenses 5 (14,361 ) 2,720
PROFIT BEFORE TAXATION 5,686,537 4,513,727

Tax on profit 6 (1,132,549 ) (903,036 )
PROFIT FOR THE FINANCIAL YEAR 4,553,988 3,610,691

OTHER COMPREHENSIVE INCOME
- 10,409
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE YEAR, NET OF INCOME TAX

-

10,409
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

4,553,988

3,621,100

Central Roofing and Building Services
Limited (Registered number: 03746288)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 1,627,441 1,483,712
1,627,441 1,483,712

CURRENT ASSETS
Stocks 10 87,345 111,139
Debtors 11 17,817,426 18,751,164
Cash at bank and in hand 7,197,583 4,165,991
25,102,354 23,028,294
CREDITORS
Amounts falling due within one year 12 (5,873,497 ) (5,900,452 )
NET CURRENT ASSETS 19,228,857 17,127,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,856,298

18,611,554

PROVISIONS FOR LIABILITIES 14 (228,515 ) (187,759 )
NET ASSETS 20,627,783 18,423,795

CAPITAL AND RESERVES
Called up share capital 15 88,757 88,757
Capital redemption reserve 7,831 7,831
Retained earnings 20,531,195 18,327,207
SHAREHOLDERS' FUNDS 20,627,783 18,423,795

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 and Building Services
Limited (Registered number: 03746288)

Statement of Changes in Equity
for the year ended 31 December 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 May 2023 88,757 16,206,107 7,831 16,302,695

Changes in equity
Dividends - (1,500,000 ) - (1,500,000 )
Total comprehensive income - 3,621,100 - 3,621,100
Balance at 31 December 2023 88,757 18,327,207 7,831 18,423,795

Changes in equity
Dividends - (2,350,000 ) - (2,350,000 )
Total comprehensive income - 4,553,988 - 4,553,988
Balance at 31 December 2024 88,757 20,531,195 7,831 20,627,783

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


1. STATUTORY INFORMATION

Central Roofing and Building Services 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" 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.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - Straight line over 7 years
Computer equipment - 33% 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.

Financial instruments
The company deals only in basic financial instruments, which are accounted for in accordance with section 11 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.

Current asset investments
Investments comprise signed memorabilia at cost less permanent diminution in value.

Fixed asset investments
Listed investments held as fixed assets are shown at market value.

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 Statement of Comprehensive Income, 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.


Central Roofing and Building Services
Limited (Registered number: 03746288)

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


2. ACCOUNTING POLICIES - continued
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
period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Wages and salaries 6,429,897 3,958,201
Social security costs 611,911 372,977
Other pension costs 267,540 191,059
7,309,348 4,522,237

The average number of employees during the year was as follows:
period
1.5.23
year ended to
31.12.24 31.12.23

Office 70 60
Operative 65 71
135 131

period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Directors' remuneration 744,995 490,586
Directors' pension contributions to money purchase schemes 36,000 24,000

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


3. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 7 7

Information regarding the highest paid director is as follows:
period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Emoluments etc 174,209 120,806
Pension contributions to money purchase schemes 6,000 4,000

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Hire of plant and machinery 979,731 664,875
Other operating leases 227,695 104,574
Depreciation - owned assets 314,549 138,274
Loss/(profit) on disposal of fixed assets 7,714 (16,706 )
Auditors' remuneration 25,000 39,623
Auditors remuneration for
non audit work 7,000 11,041

5. INTEREST PAYABLE AND SIMILAR EXPENSES
period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
HMRC interest paid/(received) 14,361 (2,720 )

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax 1,091,793 866,707

Deferred tax 40,756 36,329
Tax on profit 1,132,549 903,036

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Profit before tax 5,686,537 4,513,727
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 -
25%)

1,421,634

1,128,432

Effects of:
Expenses not deductible for tax purposes 10,237 5,907

Group relief (302,267 ) (239,142 )

Pension contributions timing (1,879 ) 4,636
Effect of depreciation on assets ineligible for CA's 4,824 3,203
Total tax charge 1,132,549 903,036

Tax effects relating to effects of other comprehensive income

1.5.23 to 31.12.23
Gross Tax Net
£    £    £   
Fixed asset investment revaluation 10,409 - 10,409

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


7. DIVIDENDS
period
1.5.23
year ended to
31.12.24 31.12.23
£    £   
Ordinary shares of £1 each
Interim 2,350,000 1,500,000

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 599,000
Amortisation
At 1 January 2024
and 31 December 2024 599,000
Net book value
At 31 December 2024 -
At 31 December 2023 -

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 January 2024 1,108,673 144,988 267,927
Additions 15,400 - 15,115
Disposals - (21,452 ) (4,126 )
At 31 December 2024 1,124,073 123,536 278,916
Depreciation
At 1 January 2024 370,032 112,077 195,868
Charge for year 19,414 27,811 48,830
Eliminated on disposal - (21,452 ) (3,955 )
At 31 December 2024 389,446 118,436 240,743
Net book value
At 31 December 2024 734,627 5,100 38,173
At 31 December 2023 738,641 32,911 72,059

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


9. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2024 1,201,329 310,038 3,032,955
Additions 422,018 41,805 494,338
Disposals (285,163 ) (135,985 ) (446,726 )
At 31 December 2024 1,338,184 215,858 3,080,567
Depreciation
At 1 January 2024 614,734 256,532 1,549,243
Charge for year 184,859 33,635 314,549
Eliminated on disposal (249,274 ) (135,985 ) (410,666 )
At 31 December 2024 550,319 154,182 1,453,126
Net book value
At 31 December 2024 787,865 61,676 1,627,441
At 31 December 2023 586,595 53,506 1,483,712

10. STOCKS
31/12/24 31/12/23
£    £   
Stocks 87,345 111,139

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 4,600,656 5,487,340
Amounts owed by group undertakings 10,999,150 11,031,527
Amounts recoverable on contract 1,663,526 1,802,249
Other debtors 149,034 188,535
S455 debtor 3,091 3,091
Directors' current accounts 246 1,255
Prepayments 401,723 237,167
17,817,426 18,751,164

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Payments on account 2,139,855 2,063,896
Trade creditors 1,730,069 1,926,327
Amounts owed to group undertakings 451,217 703,625
Tax 377,959 561,898
Social security and other taxes 257,277 238,586
VAT 690,330 292,655
Other creditors 27,801 31,005
Pension fund 45,190 52,706
Directors' current accounts - 4
Accruals and deferred income 153,799 29,750
5,873,497 5,900,452

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 302,985 157,556
Between one and five years 758,220 364,266
In more than five years 38,532 67,826
1,099,737 589,648

14. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax 228,515 187,759

Deferred
tax
£   
Balance at 1 January 2024 187,759
Provided during year 40,756
Balance at 31 December 2024 228,515

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
88,757 Ordinary £1 88,757 88,757

Central Roofing and Building Services
Limited (Registered number: 03746288)

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


16. CONTINGENT LIABILITIES

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

17. 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 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.

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 10 March 2003.

18. ULTIMATE CONTROLLING PARTY

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.