Avenir Roofing Limited

	Page
Strategic Report	1
Director's Report	2
Independent Auditor's Report	3—5
Profit and Loss Account	6
Statement of Comprehensive Income	7
Balance Sheet	8
Statement of Changes in Equity	9
Cash Flow Statement	10
Notes to the Cash Flow Statement	11
Notes to the Financial Statements	12—17

The director presents his strategic report for the year ended 31 March 2025.

Review of the Business

2024 was another strong year for Avenir Roofing Ltd.

We continue to expand with continued demand from existing and new customers.

Due to our extensive marketing, TRC as a brand, is now firmly established and it is our intention to make it the market leader.

Principal Risks and Uncertainties

Given the nature of the business, the principal risks and uncertainties are economic and operational.

Economic

Wide currency fluctuations can have massive implications on our margin, and we have complex structures in place to mitigate the effects of these. These measures help to protect both us and our customers thereby maintaining strong, stable working relationships.

Operational

Middle East uncertainty is ever present, but we carry large stocks in order to protect us from shipping delays.

We are thankfully not exposed to the uncertainties associated with the ongoing “tariff wars” that may have an impact on our competitors that purchase from USA manufacturers.

Financial key performance indicators

The key performance indicators that the board monitor with regard to financial performance are as follows:

	2025	2024
	£	£
Turnover	13,430,628	13,935,797
Gross Profit	4,694,980	5,016,063
Gross Profit Margin	35%	36%

The directors will aim to continue to enhance performance by making use of KPI’s, in addition to monitoring non-financial matters including health and safety, staff retention, and customer service.

On behalf of the board

J P Swift

Director

17th September 2025

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Avenir Roofing Limited

Company No. 04710777

Director's Report For The Year Ended 31 March 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of the wholesale of rubber roofing and related materials.

Directors

The director who held office during the year were as follows:

J P Swift

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Lancasters (Accountants) Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

J P Swift

Director

17th September 2025

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Independent Auditor's Report

to the Members of

Avenir Roofing Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Avenir Roofing Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Avenir Roofing Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Avenir Roofing Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard V Griggs FCA (Senior Statutory Auditor)

for and on behalf of Lancasters (Accountants) Limited , Statutory Auditor

17th September 2025

Lancasters (Accountants) Limited

Chartered Accountants & Registered Auditor

Manor Courtyard

Aston Sandford

Bucks

HP17 8JB

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Avenir Roofing Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	13,430,628	13,935,797
Cost of sales		(8,735,648 )	(8,919,734 )

GROSS PROFIT		4,694,980	5,016,063

Administrative expenses		(2,193,319 )	(1,914,629 )

OPERATING PROFIT	4	2,501,661	3,101,434
(Loss)/profit on disposal of fixed assets		(1,879 )	4,638
Other interest receivable and similar income	9	314,547	226,693

PROFIT BEFORE TAXATION		2,814,329	3,332,765
Tax on Profit	10	(763,913 )	(807,183 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		2,050,416	2,525,582

The notes on pages 11 to 17 form part of these financial statements.

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Avenir Roofing Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	2,050,416	2,525,582
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	2,050,416	2,525,582

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Avenir Roofing Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 04710777

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		295,558		310,835

			295,558		310,835
CURRENT ASSETS
Stocks	13	1,814,664		1,483,763
Debtors	14	1,948,922		1,537,072
Cash at bank and in hand		7,193,362		7,179,692

		10,956,948		10,200,527
Creditors: Amounts Falling Due Within One Year	15	(760,745 )		(1,084,034 )

NET CURRENT ASSETS (LIABILITIES)			10,196,203		9,116,493

TOTAL ASSETS LESS CURRENT LIABILITIES			10,491,761		9,427,328

PROVISIONS FOR LIABILITIES
Deferred Taxation	16		(55,084 )		(10,205 )

NET ASSETS			10,436,677		9,417,123

CAPITAL AND RESERVES
Called up share capital	18		100		100
Profit and Loss Account			10,436,577		9,417,023

SHAREHOLDERS' FUNDS			10,436,677		9,417,123

On behalf of the board

J P Swift

Director

17th September 2025

The notes on pages 11 to 17 form part of these financial statements.

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Avenir Roofing Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	100	7,826,768	7,826,868
Profit for the year and total comprehensive income	-	2,525,582	2,525,582

Dividends paid	-	(935,327)	(935,327)

As at 31 March 2024 and 1 April 2024	100	9,417,023	9,417,123


Profit for the year and total comprehensive income	-	2,050,416	2,050,416

Dividends paid	-	(1,030,862)	(1,030,862)

As at 31 March 2025	100	10,436,577	10,436,677

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Avenir Roofing Limited

Cash Flow Statement

For The Year Ended 31 March 2025

Cash Flow Statement

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,618,125	4,816,111
Tax paid		(827,934 )	(685,283 )

Net cash generated from operating activities		790,191	4,130,828

Cash flows from investing activities
Purchase of tangible assets		(80,171 )	(164,862 )
Proceeds from disposal of tangible assets		9,083	45,375
Interest received		314,547	226,693

Net cash generated from investing activities		243,459	107,206

Cash flows from financing activities
Equity dividends paid		(1,030,862 )	(935,327 )



Increase in cash and cash equivalents		2,788	3,302,707
Cash and cash equivalents at beginning of year	2	7,179,692	4,223,846
Foreign exchange gains/(losses) on cash and cash equivalents		10,882	(346,861 )

Cash and cash equivalents at end of year	2	7,193,362	7,179,692

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Avenir Roofing Limited

Notes to the Cash Flow Statement

For The Year Ended 31 March 2025

Notes to the Cash Flow Statement

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	2,050,416	2,525,582
Adjustments for:
Tax on profit	763,913	807,183
Interest income	(314,547 )	(226,693 )
Depreciation of tangible assets	84,486	79,112
Loss/(profit) on disposal of tangible assets	1,879	(4,638)
Foreign exchange (gains)/losses	(10,882)	346,861
Movements in working capital:
(Increase)/decrease in stocks	(330,901 )	1,878,451
(Increase)/decrease in trade and other debtors	(411,850 )	335,943
Decrease in trade and other creditors	(214,389 )	(925,690 )

Net cash generated from operations	1,618,125	4,816,111

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	7,193,362	7,179,692

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	7,179,692	13,670	7,193,362

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Avenir Roofing Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Avenir Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04710777 . The registered office is Unit 6 Hillbottom Road, Sands Industrial Estate, High Wycombe, Bucks, HP12 4HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amorisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful like cannot be made, the useful life shall not exceed ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over the term of the lease
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

2.5. Stocks and Work in Progress

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 stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Avenir Roofing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	13,430,628	13,935,797

	13,430,628	13,935,797

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	3,768	15,179
Depreciation of tangible fixed assets	84,486	79,112

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	11,000	10,500

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Avenir Roofing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	888,801	756,203
Social security costs	87,074	69,404
Other pension costs	94,233	124,051

	1,070,108	949,658

7. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 23)

8. Director's remuneration

	2025	2024
	£	£
Emoluments	90,250	12,480
Company contributions to money purchase pension schemes	80,000	110,000

	170,250	122,480

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	314,547	226,693

10. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	719,034	822,986
Deferred Tax
Deferred taxation			44,879	(15,803 )


Total tax charge for the period			763,913	807,183


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			2,814,329	3,332,765

Tax on profit at 25% (UK standard rate)			703,582	833,191
Expenses not deductible for tax purposes			103	-

...CONTINUED

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Avenir Roofing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Capital allowances	10,401	(10,205 )
Short term timing differences	44,879	(15,803 )
Prior period adjustment	4,948	-

Total tax charge for the period	763,913	807,183

11. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	39,000	46,000	85,000

As at 31 March 2025	39,000	46,000	85,000

Amortisation
As at 1 April 2024	39,000	46,000	85,000

As at 31 March 2025	39,000	46,000	85,000

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	-	-	-

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Avenir Roofing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	90,065	158,710	334,565	83,948	667,288
Additions	26,299	-	47,898	5,974	80,171
Disposals	(80,057 )	(42,781 )	(15,555 )	(7,015 )	(145,408 )

As at 31 March 2025	36,307	115,929	366,908	82,907	602,051

Depreciation
As at 1 April 2024	80,257	100,523	129,356	46,317	356,453
Provided during the period	6,151	12,315	55,513	10,507	84,486
Disposals	(80,057 )	(33,852 )	(13,522 )	(7,015 )	(134,446 )

As at 31 March 2025	6,351	78,986	171,347	49,809	306,493

Net Book Value
As at 31 March 2025	29,956	36,943	195,561	33,098	295,558

As at 1 April 2024	9,808	58,187	205,209	37,631	310,835

13. Stocks

	2025	2024
	£	£
Stock and Goods in transit	1,814,664	1,483,763

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,861,962	1,458,977
Other debtors	86,960	78,095

	1,948,922	1,537,072

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	284,815	575,231
Other creditors	20,250	21,150
Corporation tax	214,086	322,986
Taxation and social security	226,394	149,467
Accruals and deferred income	15,200	15,200

	760,745	1,084,034

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Avenir Roofing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

16. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	55,084	10,205

17. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	10,205	10,205
Deferred taxation	44,879	44,879

Balance at 31 March 2025	55,084	55,084

18. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
80 Ordinary Shares of £ 1.00 each	80	80
20 Ordinary B shares of £ 1.00 each	20	20

	100	100

19. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	242,826	242,941
Later than one year and not later than five years	573,492	782,418

	816,318	1,025,359

20. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	1,030,862	935,327

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