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REGISTERED NUMBER: SC635161















TOGAIL ROOFING & CLADDING LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024






TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 182,997 64,686

CURRENT ASSETS
Debtors 5 242,170 303,678
Cash at bank 204,757 76,258
446,927 379,936
CREDITORS
Amounts falling due within one year 6 221,996 249,188
NET CURRENT ASSETS 224,931 130,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,928

195,434

CREDITORS
Amounts falling due after more than one
year

7

(103,158

)

(50,180

)

PROVISIONS FOR LIABILITIES (45,749 ) (14,296 )
NET ASSETS 259,021 130,958

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 258,919 130,856
SHAREHOLDERS' FUNDS 259,021 130,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)

BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





F M McInally - Director


TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Togail Roofing & Cladding Ltd is a private company, limited by shares, incorporated in Scotland. The registered office is 12c Blinkbonny Road, Falkirk, Stirlingshire, FK1 1NH.

The financial statements are presented in Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial statements have been prepared under the historical cost convention.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

Turnover
Turnover, exclusive of value added tax, represents the amount receivable for work completed and services provided and in respect of long term contracts, the sales value of work done in the year. Turnover on contracts is recognised according to the stage reached in the contract by reference to the value of work done. Where turnover on a contract exceeds the amounts invoiced, the difference is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Tangible fixed assets are included in the balance sheet at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade receivable and payable, loans from banks, other third parties and related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Operating lease commitments
Rentals payable under operating leases are charged to the profit and loss account 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and depreciated in the same manner as other tangible fixed assets. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 72,505
Additions 140,070
At 30 November 2024 212,575
DEPRECIATION
At 1 December 2023 7,819
Charge for year 21,759
At 30 November 2024 29,578
NET BOOK VALUE
At 30 November 2024 182,997
At 30 November 2023 64,686

Included in fixed assets above are assets financed under hire purchase with a net book value of £150,398 (2023: £61,197).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,956 258,203
Other debtors 203,214 45,475
242,170 303,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 37,219 20,590
Trade creditors 66,867 185,529
Taxation and social security 102,432 33,186
Other creditors 9,478 3,883
221,996 249,188

TOGAIL ROOFING & CLADDING LTD (REGISTERED NUMBER: SC635161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,000 9,000
Hire purchase contracts 100,158 41,180
103,158 50,180

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 137,377 61,770

The hire purchase contracts are secured over the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
S McBride
Balance outstanding at start of year - -
Amounts advanced 125,539 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 125,539 -

Interest has been charged on the above loan at commercial rates and is repayable on demand.

10. RELATED PARTY DISCLOSURES

At the year end the company owed £3,275 (2023: £2,000) to a company under the control of a director. This amount is interest free, unsecured and was repaid after the year end. The company paid management fees totalling £32,745 (2023: £64,929) to this company.

In relation to other associated companies, the company owed £1,490 (2023: £nil). This company has a common director and shareholder. The amount is interest free and was received after the year end.