REGISTERED NUMBER: 06303798 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mascot Roofing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Cutler

J S Lyons

SECRETARY:

M T Cutler

REGISTERED OFFICE:

Unit 25 Bolney Grange Business Park

Stairbridge Lane

Bolney

West Sussex

RH17 5PB

REGISTERED NUMBER:

06303798 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Tangible assets

4

215,155

124,603

CURRENT ASSETS

Debtors

5

896,957

742,519

Cash at bank

265,077

231,438

1,162,034

973,957

CREDITORS

Amounts falling due within one year

6

582,451

481,368

NET CURRENT ASSETS

579,583

492,589

TOTAL ASSETS LESS CURRENT LIABILITIES

794,738

617,192

CREDITORS

Amounts falling due after more than one year

7

(97,644

)

(23,640

)

PROVISIONS FOR LIABILITIES

(53,788

)

(25,472

)

NET ASSETS

643,306

568,080

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

643,304

568,078

SHAREHOLDERS' FUNDS

643,306

568,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 17 September 2025 and were signed on its behalf by:

J S Lyons - Director

M T Cutler - Director

1.	STATUTORY INFORMATION

Mascot 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

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 15 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

85,919

9,614

242,635

338,168

Additions

9,038

910

155,214

165,162

Disposals

-

-

(13,645

)

(13,645

)

At 31 March 2025

94,957

10,524

384,204

489,685

DEPRECIATION

At 1 April 2024

60,819

6,975

145,771

213,565

Charge for year

8,535

887

62,296

71,718

Eliminated on disposal

-

-

(10,753

)

(10,753

)

At 31 March 2025

69,354

7,862

197,314

274,530

NET BOOK VALUE

At 31 March 2025

25,603

2,662

186,890

215,155

At 31 March 2024

25,100

2,639

96,864

124,603

Included within the net book value of Tangible Fixed Assets is £ 113,615 (2024: £29,241) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 37,872 (2024 - £9,747).

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

785,229

600,605

Other debtors

38,292

49,787

VAT

44,103

6,482

867,624

656,874

Amounts falling due after more than one year:

Amounts owed by participating interests

29,333

85,645

Aggregate amounts

896,957

742,519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

37,236

14,364

Trade creditors

400,452

259,238

Tax

57,162

67,617

Social security and other taxes

60,898

34,343

Other creditors

15,284

86,635

Directors' current accounts

7,173

6,236

Accrued expenses

4,246

12,935

582,451

481,368

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

97,644

23,640

8.	CONTINGENT LIABILITIES

The company provides a warranty for any major works completed during the year. A contingent liability arises from the potential future costs of rectifying defects that may arise under the warranty period. An estimate of the financial effect of this contingent liability is negligible as warranties supplied are insurance backed.

9.	RELATED PARTY DISCLOSURES

During the Period the company lent money to Neptune Scaffolding Limited of £ 29,333 (2024 £85,645). This is shown under loans to participating interests in Long term Debtors within the balance sheet.There is no interest charged on this loan. As at 31st March 2025 Mascot Roofing owed Neptune Scaffolding Ltd £26,660 included in Trade Creditors.

There is trade between the two companies which is charged at normal commercial term

During the year the company paid pension contributions of £ 48,000 (2024 £ 22,000) and Rent of £ 40,000 (2024 £ 48,935) to Sippdeal Trustees Ltd of which the directors have an interest.

10.	ULTIMATE CONTROLLING PARTY

The 'ULTIMATE CONTROLLING PARTY' is MASCOT GROUP (SOUTHERN) LTD registered at Unit 25 Bolney Grange Business Park, Stairbridge Lane, Bolney, Haywards Heath, West Sussex, England, RH17 5PB