REGISTERED NUMBER: 06725688 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

Owlsworth Roofing Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H Blackwell

R Casbolt

P Mably

Mrs B Mably

T Leach

SECRETARY:

R Casbolt

REGISTERED OFFICE:

Unit 2

Paddock Road Industrial Estate

Caversham

Reading

Berkshire

RG4 5BY

REGISTERED NUMBER:

06725688 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

FIXED ASSETS

Tangible assets

4

117,395

83,103

CURRENT ASSETS

Stocks

311,846

123,658

Debtors

502,275

375,548

Cash at bank

224,248

95,840

1,038,369

595,046

CREDITORS

Amounts falling due within one year

350,167

147,038

NET CURRENT ASSETS

688,202

448,008

TOTAL ASSETS LESS CURRENT LIABILITIES

805,597

531,111

CREDITORS

Amounts falling due after more than one year

(37,332

)

(24,490

)

PROVISIONS FOR LIABILITIES

5

(29,349

)

-

NET ASSETS

738,916

506,621

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

737,916

505,621

SHAREHOLDERS' FUNDS

738,916

506,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2025 and were signed on its behalf by:

R Casbolt - Director

1.	STATUTORY INFORMATION

Owlsworth Roofing Ltd 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.

Fixtures and fittings - fully depreciated

Computer equipment - 50% on cost

Plant and machinery

- Company vans are depreciated at 25% on cost down to a residual value of £500

- Other plant is fully depreciate

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 Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

257,243

Additions

73,787

Disposals

(21,064

)

At 31st December 2024

309,966

DEPRECIATION

At 1st January 2024

174,140

Charge for year

38,618

Eliminated on disposal

(20,187

)

At 31st December 2024

192,571

NET BOOK VALUE

At 31st December 2024

117,395

At 31st December 2023

83,103

5.	PROVISIONS FOR LIABILITIES

31.12.24

£

Deferred tax

29,349

Deferred

tax

£

Balance at 1st January 2024

(16,011

)

Deferred tax liability

45,360

Balance at 31st December 2024

29,349

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000