REGISTERED NUMBER: 08805773 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Masters Roofing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Masters

Mrs L M Payne

SECRETARY:

Mrs L M Payne

REGISTERED OFFICE:

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

REGISTERED NUMBER:

08805773 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

21,122

27,198

CURRENT ASSETS

Debtors

5

134,266

62,537

Cash at bank

9,304

16,286

143,570

78,823

CREDITORS

Amounts falling due within one year

6

86,604

74,361

NET CURRENT ASSETS

56,966

4,462

TOTAL ASSETS LESS CURRENT LIABILITIES

78,088

31,660

CREDITORS

Amounts falling due after more than one year

7

(7,334

)

(24,737

)

PROVISIONS FOR LIABILITIES

(4,013

)

-

NET ASSETS

66,741

6,923

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

66,641

6,823

SHAREHOLDERS' FUNDS

66,741

6,923

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

P Masters - Director

Mrs L M Payne - Director

1.	STATUTORY INFORMATION

Masters Roofing 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

Computer equipment

-

33.33% on straight line basis

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

9,741

44,306

2,038

56,085

Additions

-

-

82

82

At 31 March 2025

9,741

44,306

2,120

56,167

DEPRECIATION

At 1 April 2024

3,022

23,830

2,035

28,887

Charge for year

1,008

5,120

30

6,158

At 31 March 2025

4,030

28,950

2,065

35,045

NET BOOK VALUE

At 31 March 2025

5,711

15,356

55

21,122

At 31 March 2024

6,719

20,476

3

27,198

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

32,556

DEPRECIATION

At 1 April 2024

14,243

Charge for year

4,579

At 31 March 2025

18,822

NET BOOK VALUE

At 31 March 2025

13,734

At 31 March 2024

18,313

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

105,533

49,343

Other debtors

5,665

12,718

Prepayments and accrued income

23,068

476

134,266

62,537

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,403

7,403

Trade creditors

57,165

46,576

Tax

709

-

Social security and other taxes

8,089

7,189

Other creditors

913

740

Accruals and deferred income

2,325

2,453

86,604

74,361

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

Hire purchase contracts

4,834

12,237

7,334

24,737

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within sales for the year are amounts to Masters Pipeline Services Limited in the sum of £178,283 (2024 £108,985).

As at 31 March 2025 the amount due from Masters Pipeline Services Limited was £96,933 (2024 £18,650).

As at 31 March 2025 the amount due to Masters Pipeline Services Limited was £17,157 (2024 £38,298).

During the year the company paid rent in the sum of £6,000 (2024 £6,000) to Masters Pipeline Services Limited.

PM Masters and Mrs LM Payne directors of the company are also directors and shareholders in Masters Pipeline Services Limited.

9.	ULTIMATE CONTROLLING PARTY

There is no controlling or ultimate controlling party of the company.