REGISTERED NUMBER: 08853810 (England and Wales)

CLASSIC ROOFING MAINTENANCE LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O R Beaumont

Mrs J Beaumont

REGISTERED OFFICE:

14 Bradgate Drive

Four Oaks

Sutton Coldfield

West Midlands

B74 4XG

REGISTERED NUMBER:

08853810 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

BANKERS:

HSBC UK Bank Plc

67 The Parade

Sutton Coldfield

B72 1PD

FIXED ASSETS

Tangible assets

4

144,860

130,964

CURRENT ASSETS

Debtors

5

1,697,369

1,308,229

Cash at bank

79,456

295,775

1,776,825

1,604,004

CREDITORS

Amounts falling due within one year

6

1,020,850

855,946

NET CURRENT ASSETS

755,975

748,058

TOTAL ASSETS LESS CURRENT LIABILITIES

900,835

879,022

CREDITORS

Amounts falling due after more than one year

7

(67,752

)

(75,248

)

PROVISIONS FOR LIABILITIES

(34,980

)

(31,506

)

NET ASSETS

798,103

772,268

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

798,101

772,266

798,103

772,268

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

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

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 18 September 2025 and were signed on its behalf by:

Mr O R Beaumont - Director

1.	STATUTORY INFORMATION

Classic Roofing Maintenance 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

59,895

3,396

151,448

12,269

227,008

Additions

2,217

-

64,295

1,724

68,236

Disposals

-

-

(9,992

)

-

(9,992

)

At 31 December 2024

62,112

3,396

205,751

13,993

285,252

DEPRECIATION

At 1 January 2024

15,595

3,396

66,295

10,758

96,044

Charge for year

11,040

-

32,567

1,241

44,848

Eliminated on disposal

-

-

(500

)

-

(500

)

At 31 December 2024

26,635

3,396

98,362

11,999

140,392

NET BOOK VALUE

At 31 December 2024

35,477

-

107,389

1,994

144,860

At 31 December 2023

44,300

-

85,153

1,511

130,964

The net book value of tangible fixed assets includes £ 78,347 (2023 - £ 68,279 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,438,321

1,234,159

Amounts owed by related parties

176,560

-

Other debtors

1,758

10,629

VAT

77,902

60,055

Prepayments

2,828

3,386

1,697,369

1,308,229

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

30,000

30,000

Hire purchase contracts (see note 9)

28,291

22,206

Trade creditors

572,479

515,847

Amounts owed to related parties

279,591

181,279

Social security and other taxes

43,796

40,714

Other creditors

217

244

Accrued expenses

66,476

65,656

1,020,850

855,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

12,500

42,500

Hire purchase contracts (see note 9)

55,252

32,748

67,752

75,248

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

30,000

30,000

Amounts falling due between one and two years:

Bank loans

12,500

30,000

Amounts falling due between two and five years:

Bank loans

-

12,500

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

28,291

22,206

Between one and five years

55,252

32,748

83,543

54,954

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

42,500

72,500

Hire purchase contracts

83,543

54,954

126,043

127,454

The bank loan is secured by a fixed and floating charge over the company's assets.

The hire purchase liabilities is secured on the asset to which the finance relates.

11.	RELATED PARTY DISCLOSURES

At the year end there was a balance of £176,560 (2023: £6,393) due from a related company in which all directors are also a director. This loan is interest free and repayable upon demand.

At the year end a balance of £279,591 (2023: £181,279) was owed to Classic Roofing Facilities Management. This company has Common Directors.