Heritage Roofing Company (Oxford) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05206830

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	3		4,500		5,400
Tangible Assets	4		100,459		114,103

			104,959		119,503
CURRENT ASSETS
Debtors	5	132,507		115,700
Cash at bank and in hand		25,610		26,387

		158,117		142,087
Creditors: Amounts Falling Due Within One Year	6	(194,977 )		(121,068 )

NET CURRENT ASSETS (LIABILITIES)			(36,860 )		21,019

TOTAL ASSETS LESS CURRENT LIABILITIES			68,099		140,522

Creditors: Amounts Falling Due After More Than One Year	7		(44,228 )		(63,200 )

NET ASSETS			23,871		77,322

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			23,671		77,122

SHAREHOLDERS' FUNDS			23,871		77,322

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Heritage Roofing Company (Oxford) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Suzanne Baldwin

Director

02/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

1.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2024: 20)

3. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	18,000

As at 31 March 2025	18,000

Amortisation
As at 1 April 2024	12,600
Provided during the period	900

As at 31 March 2025	13,500

...CONTINUED

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Heritage Roofing Company (Oxford) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	4,500

As at 1 April 2024	5,400

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	116,813	174,439	6,687	13,299	311,238
Additions	4,685	19,900	-	395	24,980

As at 31 March 2025	121,498	194,339	6,687	13,694	336,218

Depreciation
As at 1 April 2024	72,706	109,399	5,328	9,702	197,135
Provided during the period	13,205	24,081	340	998	38,624

As at 31 March 2025	85,911	133,480	5,668	10,700	235,759

Net Book Value
As at 31 March 2025	35,587	60,859	1,019	2,994	100,459

As at 1 April 2024	44,107	65,040	1,359	3,597	114,103

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	89,008	58,866
VAT	-	13,361
Net wages	499	473
Directors' loan accounts	40,000	40,000

	129,507	112,700
Due after more than one year
Other debtors	3,000	3,000

	132,507	115,700

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	29,277	29,853
Trade creditors	59,977	72,764
Corporation tax	11,491	13,130
Other taxes and social security	56,346	2,920
VAT	6,746	-
Other creditors	29,740	1,001
Accruals and deferred income	1,400	1,400

	194,977	121,068

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Heritage Roofing Company (Oxford) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	31,991	40,811
Bank loans	12,237	22,389

	44,228	63,200

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	29,277	29,853
Later than one year and not later than five years	31,991	40,811

	61,268	70,664

	61,268	70,664

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

10. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	49,574	71,682

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