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Company No: 02591444 (England and Wales)

LODGE ROOFING LTD

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

LODGE ROOFING LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

LODGE ROOFING LTD

COMPANY INFORMATION

For the financial year ended 31 March 2025
LODGE ROOFING LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS Philip Arthur Lodge
Samuel Lodge
Thomas Lodge
SECRETARY Philip Arthur Lodge
REGISTERED OFFICE Unit 1c Rookery Business Park
Silver Street
Besthorpe
NR17 2LD
United Kingdom
COMPANY NUMBER 02591444 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
LODGE ROOFING LTD

BALANCE SHEET

As at 31 March 2025
LODGE ROOFING LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 272,218 316,118
272,218 316,118
Current assets
Stocks 4 364,263 240,879
Debtors 5 ( 379,828) ( 325,830)
Cash at bank and in hand 384,982 324,953
369,417 240,002
Creditors: amounts falling due within one year 6 ( 200,696) ( 192,475)
Net current assets 168,721 47,527
Total assets less current liabilities 440,939 363,645
Net assets 440,939 363,645
Capital and reserves
Called-up share capital 7 50 50
Capital redemption reserve 50 50
Profit and loss account 440,839 363,545
Total shareholder's funds 440,939 363,645

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 Lodge Roofing Ltd (registered number: 02591444) were approved and authorised for issue by the Board of Directors on 11 August 2025. They were signed on its behalf by:

Philip Arthur Lodge
Director
LODGE ROOFING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
LODGE ROOFING LTD

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

Lodge Roofing Ltd (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 Unit 1c Rookery Business Park, Silver Street, Besthorpe, NR17 2LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Plant and machinery 20 % reducing balance
Vehicles 4 years straight line
Fixtures and fittings 20 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 26 24

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2024 45,882 493,004 13,398 552,284
Additions 0 73,880 545 74,425
Disposals 0 ( 72,331) 0 ( 72,331)
At 31 March 2025 45,882 494,553 13,943 554,378
Accumulated depreciation
At 01 April 2024 35,063 191,814 9,289 236,166
Charge for the financial year 2,164 109,839 904 112,907
Disposals 0 ( 66,913) 0 ( 66,913)
At 31 March 2025 37,227 234,740 10,193 282,160
Net book value
At 31 March 2025 8,655 259,813 3,750 272,218
At 31 March 2024 10,819 301,190 4,109 316,118

4. Stocks

2025 2024
£ £
Stocks (secured) 12,207 12,207
Work in progress 352,056 228,672
364,263 240,879

5. Debtors

2025 2024
£ £
Trade debtors 293,252 261,408
Amounts owed by Parent undertakings ( 697,221) ( 687,221)
Other debtors 24,141 99,983
( 379,828) ( 325,830)

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 157,779 145,623
Taxation and social security ( 20,382) 103,021
Other creditors 63,299 ( 56,169)
200,696 192,475

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
50 Ordinary shares of £ 1.00 each 50 50