ELITE ROOFING WILTSHIRE LTD Company accounts

COMPANY REGISTRATION NUMBER: 13891533

ELITE ROOFING WILTSHIRE LTD

Unaudited Abridged Financial Statements

28 February 2025

ELITE ROOFING WILTSHIRE LTD

Abridged Financial Statements

Year ended 28 February 2025

Contents	Page

Director's report	1

Abridged statement of income and retained earnings	2

Abridged statement of financial position	3

Notes to the abridged financial statements	5

ELITE ROOFING WILTSHIRE LTD

Director's Report

Year ended 28 February 2025

The director presents his report and the unaudited abridged financial statements of the company for the year ended 28 February 2025 .

Director

The director who served the company during the year was as follows:

S GODDARD

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 3 September 2025 and signed on behalf of the board by:

S GODDARD
Director

Registered office:

39 Woodchester

Westlea

Swindon

Wiltshire

SN5 7BQ

ELITE ROOFING WILTSHIRE LTD

Abridged Statement of Income and Retained Earnings

Year ended 28 February 2025

	2025	2024
Note	£	£
Gross profit	97,349	106,901

Administrative expenses	72,616	56,659
	--------	---------
Operating profit	24,733	50,242

Other interest receivable and similar income		61	220
Interest payable and similar expenses		1,275	742
		--------	---------
Profit before taxation	5	23,519	49,720

Tax on profit	7,397	6,156
	--------	--------
Profit for the financial year and total comprehensive income	16,122	43,564
	--------	--------

Dividends paid and payable	( 25,000)	( 38,000)

Retained earnings at the start of the year	40,651	35,087
	--------	--------
Retained earnings at the end of the year	31,773	40,651
	--------	--------

All the activities of the company are from continuing operations.

ELITE ROOFING WILTSHIRE LTD

Abridged Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	63,750	72,750
Tangible assets	7	25,279	31,693
		--------	---------
		89,029	104,443

Current assets

Stocks	3,500	5,000
Debtors	16,147	13,078
Cash at bank and in hand	7,166	5,857
	--------	--------
	26,813	23,935

Creditors: amounts falling due within one year	75,561	77,175
	--------	--------
Net current liabilities	48,748	53,240
	--------	---------
Total assets less current liabilities	40,281	51,203

Creditors: amounts falling due after more than one year	8,408	10,452
	--------	--------
Net assets	31,873	40,751
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	31,773	40,651
	--------	--------
Shareholders funds	31,873	40,751
	--------	--------

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

ELITE ROOFING WILTSHIRE LTD

Abridged Statement of Financial Position (continued)

28 February 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

S GODDARD
Director

Company registration number: 13891533

ELITE ROOFING WILTSHIRE LTD

Notes to the Abridged Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 Woodchester, Westlea, Swindon, Wiltshire, SN5 7BQ.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Motor vehicles	-	20% straight line
Equipment	-	20% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged 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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments 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. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Amortisation of intangible assets	9,000	9,000
Depreciation of tangible assets	7,778	5,389
	-------	-------

6. Intangible assets

	£
Cost
At 1 March 2024 and 28 February 2025	90,000
	--------
Amortisation
At 1 March 2024	17,250
Charge for the year	9,000
	--------
At 28 February 2025	26,250
	--------
Carrying amount
At 28 February 2025	63,750
	--------
At 29 February 2024	72,750
	--------

7. Tangible assets

	£
Cost
At 1 March 2024	37,526
Additions	1,364
	--------
At 28 February 2025	38,890
	--------
Depreciation
At 1 March 2024	5,833
Charge for the year	7,778
	--------
At 28 February 2025	13,611
	--------
Carrying amount
At 28 February 2025	25,279
	--------
At 29 February 2024	31,693
	--------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S GODDARD	( 68,060)	10,928	( 57,132)
	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S GODDARD	( 81,758)	13,698	( 68,060)
	--------	--------	--------