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Company registration number:
05305784
Marksman Roofing + Cladding Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Jacksons
Chartered Certified Accountants
Ash Tree Court, Mellors Way, Nottingham Business Park, Nottinghamshire, NG8 6PY, United Kingdom
Marksman Roofing + Cladding Limited
Statement of Financial Position
31 December 2024

|  | 2024 | 2023
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 574,789 |  | 471,642 |
Current assets |  |  |  |  |
Stocks |  | 23,000 |  | 23,000 |
Debtors | 6 | 2,646,988 |  | 2,742,759 |
Cash at bank and in hand |  | 990,226 |  | 460,084 |
|  | 3,660,214 |  | 3,225,843 |
Creditors: amounts falling due within one year | 7 | (2,141,645 | ) | (1,969,268 | )
Net current assets |  | 1,518,569 |  | 1,256,575 |
Total assets less current liabilities |  | 2,093,358 |  | 1,728,217 |
Creditors: amounts falling due after more than one year | 8 | (404,928 | ) | (394,533 | )
Provisions for liabilities |  | (71,202 | ) | (65,726 | )
Net assets |  | 1,617,228 |  | 1,267,958 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 1,617,128 |  | 1,267,858 |
Shareholders funds |  | 1,617,228 |  | 1,267,958 |

For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 October 2025
, and are signed on behalf of the board by:

P Merryweather
Director

Company registration number:
05305784
Marksman Roofing + Cladding Limited
Notes to the Financial Statements
Year ended
31 December 2024

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 18 Calverton Business Park
,
Hoyle Road
,
Calverton
,
Nottinghamshire
,
NG14 6QL
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings | 10% straight line
Plant and machinery | 25% reducing balance
Fixtures and fittings | 20% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 33% straight line

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

## Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

## 4 Average number of employees

The average number of persons employed by the company during the year was
23
(2023:
19.00
).

## 5 Tangible assets

| Land and buildings | Plant and machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost |  |  |  |  |  |
At 1 January 2024 | 5,005 |  | 793,266 |  | 798,271 |
Additions | - |  | 486,250 |  | 486,250 |
Disposals | - |  | (252,879 | ) | (252,879 | )
At 31 December 2024 | 5,005 |  | 1,026,637 |  | 1,031,642 |
Depreciation |  |  |  |  |  |
At 1 January 2024 | 3,567 |  | 323,062 |  | 326,629 |
Charge | 500 |  | 197,819 |  | 198,319 |
Disposals | - |  | (68,095 | ) | (68,095 | )
At 31 December 2024 | 4,067 |  | 452,786 |  | 456,853 |
Carrying amount |  |  |  |  |  |
At 31 December 2024 | 938 |  | 573,851 |  | 574,789 |
At 31 December 2023 | 1,438 |  | 470,204 |  | 471,642 |

Included within the carrying value is £485,186 relating to assets held under finance leases or hire purchase agreements.

## 6 Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 232,263 |  | 80,340 |
Other debtors | 2,414,725 |  | 2,662,419 |
| 2,646,988 |  | 2,742,759 |

## 7 Creditors: amounts falling due within one year

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 10,000 |  | 10,000 |
Trade creditors | 1,610,498 |  | 1,335,964 |
Taxation and social security | 208,886 |  | 216,963 |
Other creditors | 312,261 |  | 406,341 |
| 2,141,645 |  | 1,969,268 |

## 8 Creditors: amounts falling due after more than one year

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 7,500 |  | 17,500 |
Other creditors | 397,428 |  | 377,033 |
| 404,928 |  | 394,533 |

## 9 Operating leases

The company as lessee |  |  |  |
| 2024 | 2023
--- | --- | ---
| £ | £
Not later than 1 year | 11,765 |  | 23,385.00 |
Later than 1 year and not later than 5 years | 8,039 |  | 21,890.00 |
| 19,804 |  | 45,275 |

## 10 Directors' advances, credit and guarantees

During the year the directors entered into advances and credits with the company. The balance due to the company is £236,519. Interest is charged at 2.25%.

## 11 Controlling party

On 12 December 2024, the company became a wholly owned subsidiary of Marksman Capital Limited following a group reorganisation under common control. The transaction was effected through a share-for-share exchange between the shareholders of the company and the new parent company.
There was no change in the ultimate ownership or control of the business, and the reorganisation has had no effect on the operations or financial position of the company.