REGISTERED NUMBER: 14596765 (England and Wales)

LGR Building & Roofing Ltd

Unaudited Financial Statements

for the Year Ended 31st January 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

L G Roughead

Mrs N L Roughead

Registered office:

58 Newfields

Berwick Upon Tweed

Northumberland

TD15 1SJ

Registered number:

14596765 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

65,736

57,983

Current assets

Stocks

1,980

1,000

Debtors

5

20,009

19,628

Cash at bank

3,880

17,303

25,869

37,931

Creditors

Amounts falling due within one year

6

25,800

33,737

Net current assets

69

4,194

Total assets less current liabilities

65,805

62,177

Creditors

Amounts falling due after more than one year

7

(33,355

)

(22,436

)

Provisions for liabilities

(6,207

)

(6,699

)

Net assets

26,243

33,042

Capital and reserves

Called up share capital

100

100

Retained earnings

26,143

32,942

Shareholders' funds

26,243

33,042

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 29th October 2025 and were signed on its behalf by:

L G Roughead - Director

1.	Statutory information

LGR Building & 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

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

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

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

Hire purchase contracts 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 and trade creditors 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.

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 directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 4 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st February 2024

16,648

53,200

708

70,556

Additions

21,543

40,998

687

63,228

Disposals

(21,027

)

(23,000

)

-

(44,027

)

At 31st January 2025

17,164

71,198

1,395

89,757

Depreciation

At 1st February 2024

2,412

10,101

60

12,573

Charge for year

3,441

12,968

310

16,719

Eliminated on disposal

-

(5,271

)

-

(5,271

)

At 31st January 2025

5,853

17,798

370

24,021

Net book value

At 31st January 2025

11,311

53,400

1,025

65,736

At 31st January 2024

14,236

43,099

648

57,983

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

4,263

5,436

Amounts recoverable on contract

6,159

12,712

Other debtors

9,587

1,480

20,009

19,628

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

9,835

6,178

Trade creditors

2,280

1,881

Taxation and social security

13,220

12,533

Other creditors

465

13,145

25,800

33,737

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

33,355

22,436

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

43,190

28,614

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

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the periods ended 31st January 2025 and 31st January 2024:

2025

2024

£

£

Director 1

Balance outstanding at start of year

-

-

Amounts advanced

31,955

-

Amounts repaid

(25,390

)

-

Balance outstanding at end of year

6,565

-

This loan is unsecured and repayable on demand. No interest has been charged as the loan is below the HMRC reporting level.

10.	Post balance sheet events

Since the year end, on 27th October 2025, an interim dividend for the year ending 31st January 2026 of £70 per share has been declared.