Volsen Roofing Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Volsen Roofing Limited

Company Information

Directors

J Dearlove H J D Clements

Registered office

Robertson House 195a Barrack Road Christchurch Dorset BH23 2AR

Registered Number

12738113

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Volsen Roofing Limited

(Registration number: 12738113)
Balance Sheet as at 30 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,851	167
Current assets
Stocks		4,872	7,978
Debtors	5	180,800	94,813
Cash at bank and in hand		50,815	20,450
		236,487	123,241
Creditors: Amounts falling due within one year	6	(177,546)	(103,928)
Net current assets		58,941	19,313
Net assets		60,792	19,480
Capital and reserves
Called up share capital		100	100
Share premium reserve		575	575
Retained earnings		60,117	18,805
Shareholders' funds		60,792	19,480

Volsen Roofing Limited

(Registration number: 12738113)
Balance Sheet as at 30 March 2025

For the financial year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

......................................... J Dearlove Director

Volsen Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Volsen Home Improvements Limited.

The address of its registered office is:
Robertson House
195a Barrack Road
Christchurch
Dorset
BH23 2AR

These financial statements were authorised for issue by the Board on 16 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Volsen Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Volsen Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Volsen Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 31 March 2024	450	450
Additions	1,965	1,965
At 30 March 2025	2,415	2,415
Depreciation
At 31 March 2024	283	283
Charge for the year	281	281
At 30 March 2025	564	564
Carrying amount
At 30 March 2025	1,851	1,851
At 30 March 2024	167	167

5

Debtors

	2025 £	2024 £
Trade debtors	147,328	79,247
Prepayments	759	-
Other debtors	32,713	15,566
	180,800	94,813

6

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		96,617	17,150
Amounts owed to related parties	7	52,582	64,367
Taxation and social security		25,209	20,136
Accruals and deferred income		2,300	2,250
Other creditors		838	25
		177,546	103,928

Volsen Roofing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

 

7	Related party transactions

Loans to related parties

2024	Key management £	Total £
At start of period	16,624	16,624
Advanced	26,204	26,204
Repaid	(42,828)	(42,828)
At end of period	-	-

Terms of loans to related parties

Loans to key management are interest free and repayable on demand.

Loans from related parties

2025	Key management £	Other related parties £	Total £
At start of period	25	64,367	64,392
Advanced	37,460	15,716	53,176
Repaid	(37,329)	(27,501)	(64,830)
At end of period	156	52,582	52,738

2024	Key management £	Other related parties £	Total £
At start of period	-	46,093	46,093
Advanced	25	18,274	18,299
At end of period	25	64,367	64,392

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.

 Loans from other related parties are interest free and repayable on demand.