OWEN BROTHERS ROOFING LIMITED - Filleted accounts

Registered number

05451550

OWEN BROTHERS ROOFING LIMITED

Filleted Accounts

31 March 2025

OWEN BROTHERS ROOFING LIMITED
Registered number:		05451550
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		54,522			53,990

Current assets
Stocks		1,018			53,628
Debtors	4	32,446			52,295
Cash at bank and in hand		227,967			205,485
		261,431			311,408

Creditors: amounts falling due within one year	5	(38,807)			(100,696)

Net current assets			222,624			210,712

Net assets			277,146			264,702

Capital and reserves
Called up share capital			2			2
Profit and loss account			277,144			264,700

Shareholders' funds			277,146			264,702

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D P Owen
Director
Approved by the board on 15 July 2025

OWEN BROTHERS ROOFING LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			15% per annum of net book value
	Motor vehicles			25% per annum of net book value


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	51,000		6,607		35,640		93,247
	Additions	-		3,995		-		3,995
	At 31 March 2025	51,000		10,602		35,640		97,242

	Depreciation
	At 1 April 2024	5,100		4,822		29,335		39,257
	Charge for the year	1,020		867		1,576		3,463
	At 31 March 2025	6,120		5,689		30,911		42,720

	Net book value
	At 31 March 2025	44,880		4,913		4,729		54,522
	At 31 March 2024	45,900		1,785		6,305		53,990


4	Debtors					2025		2024
£							£

	Trade debtors					20,292		17,336
	Other debtors					12,154		34,959
						32,446		52,295


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					4,737		62,160
	Accruals and deferred income					4,233		4,551
	Taxation and social security costs					29,414		33,454
	Directors loans					423		531
						38,807		100,696


6	Events after the reporting date

	There were no material post balance sheet events up to the 15th July 2025, being the date of approval of the financial statements by the board of directors.


7	Other information

	OWEN BROTHERS ROOFING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	12 Cranebrook Close
	Crewe
	Cheshire
	CW1 3YW