Roofing Trade Services Limited

Registered number

07541812

Filleted Accounts

28 February 2025

Roofing Trade Services Limited
Registered number:		07541812
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		260,152			278,482

Current assets
Stocks		740,679			691,366
Debtors	4	560,683			522,537
Cash at bank and in hand		47,075			29,363
		1,348,437			1,243,266

Creditors: amounts falling due within one year	5	(581,400)			(596,445)

Net current assets			767,037			646,821

Total assets less current liabilities			1,027,189			925,303

Creditors: amounts falling due after more than one year	6		(44,977)			(82,316)



Net assets			982,212			842,987

Capital and reserves
Called up share capital			100			100
Profit and loss account			982,112			842,887

Shareholders' funds			982,212			842,987

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.




Kenneth Paul Furlong
Director
Approved by the board on 8 October 2025

Roofing Trade Services Limited
Notes to the Accounts
for the year ended 28 February 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:

	Leasehold land and buildings			Over the lease term
	Plant and machinery			15% on written down value
	Motor vehicles			25% on written down 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.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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					18		17


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	86,358		110,734		687,078		884,170
	Additions	-		-		76,880		76,880
	Disposals	-		-		(113,200)		(113,200)
	At 28 February 2025	86,358		110,734		650,758		847,850

	Depreciation
	At 1 March 2024	77,205		101,425		427,058		605,688
	Charge for the year	9,153		1,832		84,225		95,210
	On disposals	-		-		(113,200)		(113,200)
	At 28 February 2025	86,358		103,257		398,083		587,698

	Net book value
	At 28 February 2025	-		7,477		252,675		260,152
	At 29 February 2024	9,153		9,309		260,020		278,482


4	Debtors					2025		2024
£							£

	Trade debtors					447,215		403,522
	Deferred tax asset					56,318		33,156
	Other debtors					57,150		85,859
						560,683		522,537


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

	Bank loans and overdrafts					3,349		-
	Obligations under finance lease and hire purchase contracts					87,470		71,170
	Trade creditors					350,884		395,318
	Taxation and social security costs					132,861		121,943
	Other creditors					6,836		8,014
						581,400		596,445


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					44,977		82,316


7	Other information

	Roofing Trade Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	190 Billet Road
	London
	E17 5DX