Hedley's Roofing Limited 11907797 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is roofing contractor. Digita Accounts Production Advanced 6.30.9574.0 true true 11907797 2024-04-01 2025-03-31 11907797 2025-03-31 11907797 core:RetainedEarningsAccumulatedLosses 2025-03-31 11907797 core:ShareCapital 2025-03-31 11907797 core:CurrentFinancialInstruments 2025-03-31 11907797 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11907797 core:Goodwill 2025-03-31 11907797 core:FurnitureFittingsToolsEquipment 2025-03-31 11907797 core:MotorVehicles 2025-03-31 11907797 core:OtherPropertyPlantEquipment 2025-03-31 11907797 bus:SmallEntities 2024-04-01 2025-03-31 11907797 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11907797 bus:FilletedAccounts 2024-04-01 2025-03-31 11907797 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11907797 bus:RegisteredOffice 2024-04-01 2025-03-31 11907797 bus:Director1 2024-04-01 2025-03-31 11907797 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11907797 core:Goodwill 2024-04-01 2025-03-31 11907797 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 11907797 core:MotorVehicles 2024-04-01 2025-03-31 11907797 core:OfficeEquipment 2024-04-01 2025-03-31 11907797 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 11907797 core:PlantMachinery 2024-04-01 2025-03-31 11907797 core:Vehicles 2024-04-01 2025-03-31 11907797 countries:EnglandWales 2024-04-01 2025-03-31 11907797 2024-03-31 11907797 core:Goodwill 2024-03-31 11907797 core:FurnitureFittingsToolsEquipment 2024-03-31 11907797 core:MotorVehicles 2024-03-31 11907797 core:OtherPropertyPlantEquipment 2024-03-31 11907797 2023-04-01 2024-03-31 11907797 2024-03-31 11907797 core:RetainedEarningsAccumulatedLosses 2024-03-31 11907797 core:ShareCapital 2024-03-31 11907797 core:CurrentFinancialInstruments 2024-03-31 11907797 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11907797 core:Goodwill 2024-03-31 11907797 core:FurnitureFittingsToolsEquipment 2024-03-31 11907797 core:MotorVehicles 2024-03-31 11907797 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Company Registration number: 11907797

Hedley's Roofing Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 31 March 2025

 

Hedley's Roofing Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 8

 

Hedley's Roofing Limited

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

19,560

24,450

Tangible assets

5

199,610

134,705

 

219,170

159,155

Current assets

 

Stocks

6

635

605

Debtors

7

330,829

314,905

Cash at bank and in hand

 

464,762

426,036

 

796,226

741,546

Creditors: Amounts falling due within one year

8

(114,550)

(85,182)

Net current assets

 

681,676

656,364

Total assets less current liabilities

 

900,846

815,519

Provisions for liabilities

(33,178)

(25,594)

Net assets

 

867,668

789,925

Capital and reserves

 

Called up share capital

100

100

Retained earnings

867,568

789,825

Shareholders' funds

 

867,668

789,925

 

Hedley's Roofing Limited

Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

.........................................
Mr N R Hedley
Director

   
     

Company registration number: 11907797

 

Hedley's Roofing Limited

Notes to the financial statements for the Year Ended 31 March 2025

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Newtown House
Newtown
Blackford
Carlisle
CA6 4ET

These financial statements were authorised for issue by the Board on 23 June 2025.

2

ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

 

Hedley's Roofing Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2

ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Hedley's Roofing Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2

ACCOUNTING POLICIES (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Hedley's Roofing Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2

ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 11).

 

Hedley's Roofing Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

4

INTANGIBLE ASSETS

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

48,900

48,900

At 31 March 2025

48,900

48,900

Amortisation

At 1 April 2024

24,450

24,450

Amortisation charge

4,890

4,890

At 31 March 2025

29,340

29,340

Carrying amount

At 31 March 2025

19,560

19,560

At 31 March 2024

24,450

24,450

5

TANGIBLE ASSETS

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

-

48,750

181,986

230,736

Additions

1,705

30,000

95,000

126,705

Disposals

-

-

(45,518)

(45,518)

At 31 March 2025

1,705

78,750

231,468

311,923

Depreciation

At 1 April 2024

-

21,870

74,161

96,031

Charge for the year

387

14,220

25,054

39,661

Eliminated on disposal

-

-

(23,379)

(23,379)

At 31 March 2025

387

36,090

75,836

112,313

Carrying amount

At 31 March 2025

1,318

42,660

155,632

199,610

At 31 March 2024

-

26,880

107,825

134,705

 

Hedley's Roofing Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

6

STOCKS

2025
£

2024
£

Stocks

635

605

7

DEBTORS

Current

2025
£

2024
£

Trade debtors

77,146

79,286

Prepayments

6,249

7,097

Other debtors

247,434

228,522

 

330,829

314,905

8

CREDITORS

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

12,490

4,976

Taxation and social security

42,508

70,885

Accruals and deferred income

4,248

3,720

Other creditors

55,304

5,601

114,550

85,182