REGISTERED NUMBER: SC645825 (Scotland)

HPM Cooper Building & Roofing Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2024

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Director:

H P M Cooper

Secretary:

Mrs F M Cooper

Registered office:

Nenthorn House

Nenthorn

Kelso

Roxburghshire

TD5 7RY

Registered number:

SC645825 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

254,406

162,468

Current assets

Stocks

218,750

141,610

Debtors

5

123,496

77,140

Cash at bank

97,382

82,124

439,628

300,874

Creditors

Amounts falling due within one year

6

335,870

227,954

Net current assets

103,758

72,920

Total assets less current liabilities

358,164

235,388

Creditors

Amounts falling due after more than one year

7

(50,046

)

(18,681

)

Provisions for liabilities

(31,929

)

(28,554

)

Net assets

276,189

188,153

Capital and reserves

Called up share capital

100

100

Retained earnings

276,089

188,053

276,189

188,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22nd October 2025 and were signed by:

H P M Cooper - Director

1.	Statutory information

HPM Cooper Building & Roofing Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase creditors and directors' loans.

Hire purchase creditors are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st November 2023

41,902

177,479

2,479

221,860

Additions

19,726

110,923

620

131,269

At 31st October 2024

61,628

288,402

3,099

353,129

Depreciation

At 1st November 2023

9,909

49,069

414

59,392

Charge for year

5,919

33,011

401

39,331

At 31st October 2024

15,828

82,080

815

98,723

Net book value

At 31st October 2024

45,800

206,322

2,284

254,406

At 31st October 2023

31,993

128,410

2,065

162,468

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

123,496

43,890

Other debtors

-

33,250

123,496

77,140

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Hire purchase contracts

21,580

16,453

Trade creditors

84,518

24,809

Taxation and social security

87,692

44,487

Other creditors

142,080

142,205

335,870

227,954

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts

50,046

18,681

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

71,626

35,134

Hire purchase contracts are secured against the assets to which they relate.