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Registered number: 02872291
EDS Roofing Supplies (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
AEH Accountancy Ltd
Chartered Accountants
The Stables
Church Farm
Willey
Warwickshire
CV23 0SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02872291
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,220 24,548
66,220 24,548
CURRENT ASSETS
Stocks 5 350,350 353,350
Debtors 6 177,008 174,371
Cash at bank and in hand 343,889 371,552
871,247 899,273
Creditors: Amounts Falling Due Within One Year 7 (346,611 ) (286,064 )
NET CURRENT ASSETS (LIABILITIES) 524,636 613,209
TOTAL ASSETS LESS CURRENT LIABILITIES 590,856 637,757
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,582 ) (4,664 )
NET ASSETS 578,274 633,093
CAPITAL AND RESERVES
Called up share capital 8 5,010 5,010
Profit and Loss Account 573,264 628,083
SHAREHOLDERS' FUNDS 578,274 633,093
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edwin Phillips
Director
Mr Paul Phillips
Director
19th September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EDS Roofing Supplies (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02872291 . The registered office is Unit 17, Arkwright Hill Farm, Cosby, Leicestershire, LE9 1RH.
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 section 1A Small Entities "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. 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 15% reducing balance
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Office Equipment 15% reducing balance
2.4. 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 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.
2.5. 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.
Page 3
Page 4
2.6. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2024 7,793 107,104 68,159 14,279
Additions - - 165,408 -
Disposals - - (63,194 ) -
As at 31 January 2025 7,793 107,104 170,373 14,279
Depreciation
As at 1 February 2024 7,793 92,597 61,295 14,279
Provided during the period - 2,176 119,931 -
Disposals - - (62,041 ) -
As at 31 January 2025 7,793 94,773 119,185 14,279
Net Book Value
As at 31 January 2025 - 12,331 51,188 -
As at 1 February 2024 - 14,507 6,864 -
Page 4
Page 5
Office Equipment Total
£ £
Cost
As at 1 February 2024 24,728 222,063
Additions - 165,408
Disposals - (63,194 )
As at 31 January 2025 24,728 324,277
Depreciation
As at 1 February 2024 21,551 197,515
Provided during the period 476 122,583
Disposals - (62,041 )
As at 31 January 2025 22,027 258,057
Net Book Value
As at 31 January 2025 2,701 66,220
As at 1 February 2024 3,177 24,548
5. Stocks
2025 2024
£ £
Stock 350,350 353,350
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 159,047 174,371
Other debtors 17,961 -
177,008 174,371
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 287,833 213,989
Corporation tax - 18,736
Other taxes and social security 4,043 -
VAT 43,503 47,671
Net wages 7,567 -
Other creditors 179 -
Accruals and deferred income 3,000 3,000
Directors' loan accounts 486 2,668
346,611 286,064
Page 5
Page 6
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5,010 5,010
Page 6