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REGISTERED NUMBER: 12998430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

REID AND STONE ROOFING LIMITED

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REID AND STONE ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: M Reid





REGISTERED OFFICE: 64 Winrose Approach
Leeds
West Yorkshire
LS10 3QG





REGISTERED NUMBER: 12998430 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 57,229 76,303

CURRENT ASSETS
Stocks 5 47,190 6,500
Debtors 6 142,644 121,653
Cash at bank 17,686 11,651
207,520 139,804
CREDITORS
Amounts falling due within one year 7 202,379 127,916
NET CURRENT ASSETS 5,141 11,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,370

88,191

CREDITORS
Amounts falling due after more than one
year

8

(56,799

)

(80,311

)

PROVISIONS FOR LIABILITIES 9 (4,283 ) (6,941 )
NET ASSETS 1,288 939

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,188 839
SHAREHOLDERS' FUNDS 1,288 939

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 director acknowledges his 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.

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 & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





M Reid - Director


REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

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

1. STATUTORY INFORMATION

Reid And Stone Roofing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 9,467 1,500 124,500 135,467
DEPRECIATION
At 1 December 2023 3,829 867 54,468 59,164
Charge for year 1,409 158 17,507 19,074
At 30 November 2024 5,238 1,025 71,975 78,238
NET BOOK VALUE
At 30 November 2024 4,229 475 52,525 57,229
At 30 November 2023 5,638 633 70,032 76,303

Included in the total net book value of tangible fixed assets held at 30th November 2024 was £53158 (2023: £70,665) in respect of assets held under finance lease & hire purchase contracts.

5. STOCKS
2024 2023
£    £   
Stocks 30,000 6,500
Work-in-progress 17,190 -
47,190 6,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,598 106,010
VAT 11,046 15,643
142,644 121,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,512 20,732
Trade creditors 114,194 28,280
Tax 21,074 23,153
Social security and other taxes 5,069 4,140
Other creditors 28,740 17,029
Directors' current accounts 1,200 24,999
Accrued expenses 8,590 9,583
202,379 127,916

REID AND STONE ROOFING LIMITED (REGISTERED NUMBER: 12998430)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 56,799 80,311

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,283 6,941

Deferred
tax
£   
Balance at 1 December 2023 6,941
Provided during year (2,658 )
Balance at 30 November 2024 4,283

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100