REGISTERED NUMBER: 02507627 (England and Wales)

DOVER TRUSSED ROOF COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A G Stead

Mr L L Fuller

REGISTERED OFFICE:

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

BUSINESS ADDRESS:

Shelvin Manor

Shelvin

CANTERBURY

Kent

CT4 6RL

REGISTERED NUMBER:

02507627 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ashley Phillips FCCA

AUDITORS:

McCabe Ford Williams

Statutory Auditors and Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

SITTINGBOURNE

Kent

ME9 8PX

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

314,936

330,191

314,936

330,191

CURRENT ASSETS

Stocks

210,588

82,843

Debtors

7

816,912

1,098,098

Cash at bank and in hand

360,652

112,377

1,388,152

1,293,318

CREDITORS

Amounts falling due within one year

8

422,495

159,786

NET CURRENT ASSETS

965,657

1,133,532

TOTAL ASSETS LESS CURRENT LIABILITIES

1,280,593

1,463,723

PROVISIONS FOR LIABILITIES

38,924

78,076

NET ASSETS

1,241,669

1,385,647

CAPITAL AND RESERVES

Called up share capital

10

30,000

30,000

Retained earnings

11

1,211,669

1,355,647

SHAREHOLDERS' FUNDS

1,241,669

1,385,647

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr A G Stead - Director

1.	STATUTORY INFORMATION

Dover Trussed Roof Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets, recoverability of debtors due to the current economic environment and the valuation of the deferred tax liability due to changes to substantively enacted tax rates which means that the rate applicable will vary dependent on profit levels in each year.

Turnover

Turnover represents net invoiced sales of products and services, excluding value added tax. Income is recognised when the company has obtained the right to consideration upon delivery of the products.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1990, was written off evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

10% -20 % on a straight line basis

Fixtures and fittings

-

20% on a straight line basis

Computer equipment

-

20% on a straight line basis

Stocks

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

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and 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 profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit and loss.

Going concern

The directors have assessed the major risks to which the company is exposed and assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of approval of the financial statements. There have been no significant risks identified that would prevent the company from continuing as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

702,750

170

317

703,237

Additions

35,104

-

-

35,104

Disposals

(1,890

)

-

-

(1,890

)

At 31 March 2025

735,964

170

317

736,451

DEPRECIATION

At 1 April 2024

372,559

170

317

373,046

Charge for year

50,358

-

-

50,358

Eliminated on disposal

(1,889

)

-

-

(1,889

)

At 31 March 2025

421,028

170

317

421,515

NET BOOK VALUE

At 31 March 2025

314,936

-

-

314,936

At 31 March 2024

330,191

-

-

330,191

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

258,687

467,457

Amounts owed by group undertakings

558,225

630,641

816,912

1,098,098

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade Creditors

276,378

95,547

Amounts owed to group undertakings

95,035

-

Other creditors

6,572

5,477

Other taxes and PAYE

32,596

52,297

Accrued expenses

11,914

6,465

422,495

159,786

9.	SECURED DEBTS

There is an inter-company guarantee between Calldene Limited, Triad Timber Components Limited and Dover Trussed Roof Company Limited for a building which is held in Calldene. There is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

30,000

Ordinary

£1

30,000

30,000

11.

RESERVES

Retained

earnings

£

At 1 April 2024

1,355,647

Deficit for the year

(143,978

)

At 31 March 2025

1,211,669

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashley Phillips FCCA (Senior Statutory Auditor)

for and on behalf of McCabe Ford Williams

13.	CAPITAL COMMITMENTS

One capital commitment exists at the year end totalling £2,345 (2024: £NIL).

14.	RELATED PARTY DISCLOSURES

During the year the company purchased goods and services from Trussed Rafter Association Limited totalling £1,762 (2024: £1,762). As at the balance sheet date the company owed Trussed Roof Association Limited £1,704 (2024: £1,704) in respect of these goods and services, which is included in trade creditors.

15.	PARENT COMPANY AND ULTIMATE PARENT COMPANY

Hardwood Limited (03347348) is both the parent company as well as the ultimate parent company. Hardwood Limited is a company registered in the United Kingdom, registered office address is as follows, Shelvin Manor Shelvin, Wootton, Canterbury, England, CT4 6RL.