Registered number
06012398
M J Roofing (Sussex) Limited
Filleted Accounts
31 December 2024
M J Roofing (Sussex) Limited
Registered number: 06012398
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 40,920 23,386
Investments 5 401,549 232,479
442,469 255,865
Current assets
Debtors 6 11,190 7,529
Cash at bank and in hand 318,787 459,419
329,977 466,948
Creditors: amounts falling due within one year 7 (134,991) (116,336)
Net current assets 194,986 350,612
Total assets less current liabilities 637,455 606,477
Provisions for liabilities (5,846) (5,846)
Net assets 631,609 600,631
Capital and reserves
Called up share capital 100 100
Profit and loss account 631,509 600,531
Shareholders' funds 631,609 600,631
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M J Robinson
Director
Approved by the board on 19 August 2025
M J Roofing (Sussex) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 20,000
At 31 December 2024 20,000
Amortisation
At 1 January 2024 20,000
At 31 December 2024 20,000
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 12,722 17,625 52,040 82,387
Additions - 789 30,385 31,174
At 31 December 2024 12,722 18,414 82,425 113,561
Depreciation
At 1 January 2024 8,475 14,532 35,994 59,001
Charge for the year 1,062 970 11,608 13,640
At 31 December 2024 9,537 15,502 47,602 72,641
Net book value
At 31 December 2024 3,185 2,912 34,823 40,920
At 31 December 2023 4,247 3,093 16,046 23,386
5 Investments
Other
investments
£
Cost
At 1 January 2024 232,479
Additions 169,070
Additions
At 31 December 2024 401,549
Investment propertIes initially recognised at a cost at the time of purchase with no impairment losses
to the end of the year and subsequently will be measured at fair value through profit or loss
as set out by Accounting policies.They had no professional valuation at this time.
6 Debtors 2024 2023
£ £
Trade debtors 5,515 3,525
Other debtors 5,675 4,004
11,190 7,529
- -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,040 2,363
Corporation tax 26,464 45,136
Other taxes and social security costs 12,203 10,017
Other creditors 93,284 58,820
134,991 116,336
8 Off-balance sheet arrangements
9 Related party transactions
10 Other information
M J Roofing (Sussex) Limited
is a private company limited by shares and incorporated in England. Its registered office is:
11 Chawkmare Coppice
Bognor Regis
West Sussex
PO21 3BU
M J Roofing (Sussex) Limited 06012398 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Mr M J Robinson No description of principal activity 06012398 2023-01-01 2023-12-31 06012398 core:WithinOneYear 2023-12-31 06012398 core:ShareCapital 2023-12-31 06012398 core:RetainedEarningsAccumulatedLosses 2023-12-31 06012398 2024-01-01 2024-12-31 06012398 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06012398 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06012398 bus:Director40 2024-01-01 2024-12-31 06012398 1 2024-01-01 2024-12-31 06012398 2 2024-01-01 2024-12-31 06012398 core:LandBuildings 2024-01-01 2024-12-31 06012398 core:PlantMachinery 2024-01-01 2024-12-31 06012398 core:Vehicles 2024-01-01 2024-12-31 06012398 countries:England 2024-01-01 2024-12-31 06012398 bus:FRS102 2024-01-01 2024-12-31 06012398 bus:FilletedAccounts 2024-01-01 2024-12-31 06012398 2024-12-31 06012398 core:WithinOneYear 2024-12-31 06012398 core:ShareCapital 2024-12-31 06012398 core:RetainedEarningsAccumulatedLosses 2024-12-31 06012398 core:Goodwill 2024-12-31 06012398 core:LandBuildings 2024-12-31 06012398 core:PlantMachinery 2024-12-31 06012398 core:Vehicles 2024-12-31 06012398 core:AdditionsToInvestments 2024-12-31 06012398 2023-12-31 06012398 core:Goodwill 2023-12-31 06012398 core:LandBuildings 2023-12-31 06012398 core:PlantMachinery 2023-12-31 06012398 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure