General Information
SG & Sons Roofing LLP is a limited liability partnership, registered in Scotland, registration number SO305766, registration address 61 Union Street, Motherwell, ML1 4HE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery etc |
25% |
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
67,744 |
|
67,744 |
| Additions |
22,270 |
|
22,270 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
90,014 |
|
90,014 |
| Depreciation |
| At 01 April 2024 |
53,418 |
|
53,418 |
| Charge for year |
9,229 |
|
9,229 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
62,647 |
|
62,647 |
| Net book values |
| Closing balance as at 31 March 2025 |
27,367 |
|
27,367 |
| Opening balance as at 01 April 2024 |
14,326 |
|
14,326 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
72,862 |
|
44,336 |
| Other Debtors |
7,102 |
|
7,000 |
| CIS Control Account |
0 |
|
22,351 |
|
79,964 |
|
73,687 |
|
| 4. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Prepayments |
345 |
|
345 |
|
345 |
|
345 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
42,281 |
|
14,721 |
| Bank Loans & Overdrafts |
8,000 |
|
8,000 |
| PAYE & Social Security |
1,202 |
|
4,430 |
| Accrued Expenses |
835 |
|
835 |
| Other Creditors |
0 |
|
(1) |
| Obligations under HP/Financial Leases |
3,840 |
|
1,537 |
| Wages & Salaries Control Account |
815 |
|
0 |
| VAT |
1,025 |
|
7,239 |
|
57,998 |
|
36,761 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
10,736 |
|
21,174 |
| Obligations Under HP/Financial Leases |
17,478 |
|
0 |
|
28,214 |
|
21,174 |
|
2
|