REGISTERED NUMBER: 13431228 (England and Wales)

CNN ROOFING LTD

Unaudited Financial Statements

for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

9

Directors:

Mr C P Hutchings

Miss Z R Naeli

Registered office:

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

Registered number:

13431228 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

10,148

17,087

CURRENT ASSETS

Stocks

24,856

69,743

Debtors

5

107,047

124,601

Cash at bank

1,695

47

133,598

194,391

CREDITORS

Amounts falling due within one year

6

137,883

198,667

NET CURRENT LIABILITIES

(4,285

)

(4,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,863

12,811

CREDITORS

Amounts falling due after more than one year

7

5,663

7,015

NET ASSETS

200

5,796

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

-

5,596

SHAREHOLDERS' FUNDS

200

5,796

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr C P Hutchings - Director

1.	STATUTORY INFORMATION

CNN Roofing Ltd 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern

The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 June 2024

1,281

27,950

3,830

33,061

Additions

150

8,371

667

9,188

Disposals

-

(27,950

)

-

(27,950

)

At 31 May 2025

1,431

8,371

4,497

14,299

Depreciation

At 1 June 2024

284

14,224

1,466

15,974

Charge for year

258

1,146

1,271

2,675

Eliminated on disposal

-

(14,498

)

-

(14,498

)

At 31 May 2025

542

872

2,737

4,151

Net book value

At 31 May 2025

889

7,499

1,760

10,148

At 31 May 2024

997

13,726

2,364

17,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,814

19,654

Other debtors

102,233

104,947

107,047

124,601

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

35,496

46,878

Hire purchase contracts (see note 9)

1,970

5,114

Trade creditors

60,513

125,201

Taxation and social security

36,742

18,298

Other creditors

3,162

3,176

137,883

198,667

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

5,663

7,015

Hire purchase liabilities outstanding at the balance sheet date are secured against the assets to which they relate.

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

35,496

46,878

Other loans

194

2,183

35,690

49,061

Overdraft balances are secured by fixed and floating charges over the company and its assets.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

2,978

5,114

Between one and five years

6,701

7,015

9,679

12,129

Finance charges repayable:

Within one year

1,008

-

Between one and five years

1,038

-

2,046

-

Net obligations repayable:

Within one year

1,970

5,114

Between one and five years

5,663

7,015

7,633

12,129

Non-cancellable

operating leases

2025

2024

£

£

Within one year

14,298

14,298

Between one and five years

25,262

39,561

39,560

53,859

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

**UNKNOWN DIRECTOR 1**

Balance outstanding at start of year

-

-

Amounts advanced

141,292

-

Amounts repaid

(120,288

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,004

-

Loans to directors are interest free and without fixed repayment terms.