RWG Roofing Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11796701

RWG Roofing Ltd

Filleted Unaudited Financial Statements

31 March 2025

RWG Roofing Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		56,333		40,065

Current assets

Stocks		1,280	910
Debtors	6	156,887	106,271
Cash at bank and in hand		121	188
		---------	---------
		158,288	107,369

Creditors: amounts falling due within one year	7	97,494		74,085
		---------		---------
Net current assets			60,794		33,284
			---------		--------
Total assets less current liabilities			117,127		73,349

Creditors: amounts falling due after more than one year	8		43,874		25,176

Provisions	10,703	7,612
	---------	--------
Net assets	62,550	40,561
	---------	--------

RWG Roofing Ltd

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	62,450	40,461
	--------	--------
Shareholders funds	62,550	40,561
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr A C Smith
Director

Company registration number: 11796701

RWG Roofing Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 82 Rockwell Green, Wellington, Somerset, TA21 9BX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	6,222	64,564	1,538	72,324
Additions	1,988	47,990	–	49,978
Disposals	–	( 29,999)	–	( 29,999)
	-------	--------	-------	--------
At 31 March 2025	8,210	82,555	1,538	92,303
	-------	--------	-------	--------
Depreciation
At 1 April 2024	2,919	28,371	969	32,259
Charge for the year	933	8,797	231	9,961
Disposals	–	( 6,250)	–	( 6,250)
	-------	--------	-------	--------
At 31 March 2025	3,852	30,918	1,200	35,970
	-------	--------	-------	--------
Carrying amount
At 31 March 2025	4,358	51,637	338	56,333
	-------	--------	-------	--------
At 31 March 2024	3,303	36,193	569	40,065
	-------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	128,832	90,389
Other debtors	28,055	15,882
	---------	---------
	156,887	106,271
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,410	29,611
Trade creditors	2,676	–
Corporation tax	7,743	16,248
Social security and other taxes	54,039	5,177
Other creditors	22,626	23,049
	--------	--------
	97,494	74,085
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	667	4,667
Other creditors	43,207	20,509
	--------	--------
	43,874	25,176
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	11,567	14,072
Later than 1 year and not later than 5 years	43,207	20,509
	--------	--------
	54,774	34,581
	--------	--------

10. Related party transactions

The company was under the control of the director throughout the current year and previous period. During the year the director of the company made loans to the company. The loans were repayable on demand. The balance at the end of the period was £5,205. (2024: £7,127). No interest was charged on the loan (2024: £nil). Other than the above transactions, no other transactions with related parties were undertaken during the year such as are required to be disclosed under the FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.