Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr F P Douglas 05/07/2022 Mr J D Douglas 14/08/2016 Mr L M Douglas 25/03/1997 Mr P J Douglas 25/03/1997 Mr R E Douglas 15/08/2016 Ms S D Douglas 15/08/2016 Mr A C Pilkington 26/04/2022 Mrs K D Douglas 01 July 2025 The principal activity of the Company during the financial year was the building and maintenance of flat roofs and roof gardens. 03339715 2025-03-31 03339715 bus:Director1 2025-03-31 03339715 bus:Director2 2025-03-31 03339715 bus:Director3 2025-03-31 03339715 bus:Director4 2025-03-31 03339715 bus:Director5 2025-03-31 03339715 bus:Director6 2025-03-31 03339715 bus:Director7 2025-03-31 03339715 2024-03-31 03339715 core:CurrentFinancialInstruments 2025-03-31 03339715 core:CurrentFinancialInstruments 2024-03-31 03339715 core:Non-currentFinancialInstruments 2025-03-31 03339715 core:Non-currentFinancialInstruments 2024-03-31 03339715 core:ShareCapital 2025-03-31 03339715 core:ShareCapital 2024-03-31 03339715 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 03339715 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 03339715 core:RetainedEarningsAccumulatedLosses 2025-03-31 03339715 core:RetainedEarningsAccumulatedLosses 2024-03-31 03339715 core:ComputerSoftware 2024-03-31 03339715 core:ComputerSoftware 2025-03-31 03339715 core:LandBuildings 2024-03-31 03339715 core:PlantMachinery 2024-03-31 03339715 core:Vehicles 2024-03-31 03339715 core:FurnitureFittings 2024-03-31 03339715 core:LandBuildings 2025-03-31 03339715 core:PlantMachinery 2025-03-31 03339715 core:Vehicles 2025-03-31 03339715 core:FurnitureFittings 2025-03-31 03339715 bus:OrdinaryShareClass1 2025-03-31 03339715 bus:OrdinaryShareClass2 2025-03-31 03339715 bus:OrdinaryShareClass3 2025-03-31 03339715 bus:OrdinaryShareClass4 2025-03-31 03339715 bus:OrdinaryShareClass5 2025-03-31 03339715 bus:OtherShareClass1 2025-03-31 03339715 2024-04-01 2025-03-31 03339715 bus:FilletedAccounts 2024-04-01 2025-03-31 03339715 bus:SmallEntities 2024-04-01 2025-03-31 03339715 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03339715 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03339715 bus:Director1 2024-04-01 2025-03-31 03339715 bus:Director2 2024-04-01 2025-03-31 03339715 bus:Director3 2024-04-01 2025-03-31 03339715 bus:Director4 2024-04-01 2025-03-31 03339715 bus:Director5 2024-04-01 2025-03-31 03339715 bus:Director6 2024-04-01 2025-03-31 03339715 bus:Director7 2024-04-01 2025-03-31 03339715 bus:CompanySecretary1 2024-04-01 2025-03-31 03339715 core:ComputerSoftware core:TopRangeValue 2024-04-01 2025-03-31 03339715 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 03339715 core:PlantMachinery 2024-04-01 2025-03-31 03339715 core:Vehicles 2024-04-01 2025-03-31 03339715 core:FurnitureFittings 2024-04-01 2025-03-31 03339715 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 03339715 2023-04-01 2024-03-31 03339715 core:ComputerSoftware 2024-04-01 2025-03-31 03339715 core:LandBuildings 2024-04-01 2025-03-31 03339715 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 03339715 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 03339715 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03339715 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 03339715 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 03339715 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 03339715 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 03339715 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 03339715 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 03339715 bus:OrdinaryShareClass5 2024-04-01 2025-03-31 03339715 bus:OrdinaryShareClass5 2023-04-01 2024-03-31 03339715 bus:OtherShareClass1 2024-04-01 2025-03-31 03339715 bus:OtherShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03339715 (England and Wales)

DFR ROOFING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

DFR ROOFING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

DFR ROOFING LIMITED

BALANCE SHEET

As at 31 March 2025
DFR ROOFING LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 996 0
Tangible assets 4 427,948 428,885
Investment property 5 495,000 495,000
923,944 923,885
Current assets
Stocks 51,640 24,076
Debtors
- due within one year 6 2,853,027 2,521,966
- due after more than one year 6 59,898 0
Cash at bank and in hand 118,864 578,587
3,083,429 3,124,629
Creditors: amounts falling due within one year 7 ( 2,325,059) ( 2,000,444)
Net current assets 758,370 1,124,185
Total assets less current liabilities 1,682,314 2,048,070
Creditors: amounts falling due after more than one year 8 ( 25,378) ( 128,925)
Provision for liabilities ( 91,777) ( 90,019)
Net assets 1,565,159 1,829,126
Capital and reserves
Called-up share capital 9 1,096 1,096
Fair value reserve 131,175 131,175
Profit and loss account 1,432,888 1,696,855
Total shareholders' funds 1,565,159 1,829,126

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 financial statements of DFR Roofing Limited (registered number: 03339715) were approved and authorised for issue by the Board of Directors on 01 July 2025. They were signed on its behalf by:

Mr P J Douglas
Director
DFR ROOFING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
DFR ROOFING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DFR Roofing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Douglas House, Weston Park Road, Plymouth, PL3 4NU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 10 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 10 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the performance model.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 64 63

3. Intangible assets

Computer software Total
£ £
Cost
At 01 April 2024 5,825 5,825
Additions 1,280 1,280
At 31 March 2025 7,105 7,105
Accumulated amortisation
At 01 April 2024 5,825 5,825
Charge for the financial year 284 284
At 31 March 2025 6,109 6,109
Net book value
At 31 March 2025 996 996
At 31 March 2024 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2024 150,266 155,594 698,605 88,557 1,093,022
Additions 0 9,181 126,287 9,037 144,505
Disposals 0 ( 110,929) ( 67,756) ( 67,319) ( 246,004)
At 31 March 2025 150,266 53,846 757,136 30,275 991,523
Accumulated depreciation
At 01 April 2024 57,091 97,564 433,882 75,600 664,137
Charge for the financial year 2,841 3,820 87,474 5,032 99,167
Disposals 0 ( 87,035) ( 49,974) ( 62,720) ( 199,729)
At 31 March 2025 59,932 14,349 471,382 17,912 563,575
Net book value
At 31 March 2025 90,334 39,497 285,754 12,363 427,948
At 31 March 2024 93,175 58,030 264,723 12,957 428,885

5. Investment property

Investment property
£
Valuation
As at 01 April 2024 495,000
As at 31 March 2025 495,000

At the balance sheet date, it was the opinion of the directors that the carrying value of the investment properties represented the fair value of the property.

6. Debtors

2025 2024
£ £
Debtors: amounts falling due within one year
Trade debtors 2,095,010 1,951,879
Other debtors 758,017 570,087
2,853,027 2,521,966
Debtors: amounts falling due after more than one year
Other debtors 59,898 0

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 1,232,071 1,062,060
Amounts owed to directors 3,152 2,392
Other loans 119,528 185,921
Accruals 30,448 69,986
Taxation and social security 896,768 630,572
Obligations under finance leases and hire purchase contracts 16,867 16,329
Other creditors 26,225 33,184
2,325,059 2,000,444

8. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts 25,378 9,400
Other creditors 0 119,525
25,378 128,925

HP and finance lease liabilities are secured against the assets to which they relate.

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
216 Ordinary A shares of £ 1.00 each 216 216
216 Ordinary B shares of £ 1.00 each 216 216
216 Ordinary C shares of £ 1.00 each 216 216
216 Ordinary D shares of £ 1.00 each 216 216
96 Ordinary E shares of £ 1.00 each 96 96
136 Ordinary F shares of £ 1.00 each 136 136
1,096 1,096