Paul Rosevear Roofing & Builders Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Paul Rosevear Roofing & Builders Ltd

(Registration number: 07952620)
Statement of Financial Position as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,442	16,630
Current assets
Debtors	5	3,845	7,737
Creditors: Amounts falling due within one year	6	(20,769)	(19,727)
Net current liabilities		(16,924)	(11,990)
Total assets less current liabilities		(5,482)	4,640
Creditors: Amounts falling due after more than one year	6	(1,172)	(6,296)
Provisions for liabilities		(2,194)	(3,160)
Net liabilities		(8,848)	(4,816)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(8,852)	(4,820)
Shareholders' deficit		(8,848)	(4,816)

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 2 January 2026 and signed on its behalf by:
 

Paul Rosevear Director

Paul Rosevear Roofing & Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is roofing and building.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Paul Rosevear Roofing & Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	20% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Paul Rosevear Roofing & Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Paul Rosevear Roofing & Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 6 April 2024	7,161	23,702	30,863
Additions	178	-	178
At 5 April 2025	7,339	23,702	31,041
Depreciation
At 6 April 2024	6,013	8,220	14,233
Charge for the year	626	4,740	5,366
At 5 April 2025	6,639	12,960	19,599
Carrying amount
At 5 April 2025	700	10,742	11,442
At 5 April 2024	1,148	15,482	16,630

5

Debtors

	2025 £	2024 £
Trade debtors	954	782
Other debtors	2,052	6,729
Income tax asset	839	226
	3,845	7,737

Paul Rosevear Roofing & Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	8	9,484	9,802
Taxation and social security		4,635	2,436
Accruals and deferred income		2,284	2,184
Other creditors		4,366	5,305
		20,769	19,727

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	1,172	3,223
Other financial liabilities		-	3,073
		1,172	6,296

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	7,323	7,691
Other borrowings	2,161	2,111
	9,484	9,802

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	1,172	3,223

Paul Rosevear Roofing & Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

9	Related party transactions

Transactions with directors

During the year the directors entered into the following advances and credits with the company:

2025	At 6 April 2024 £	Advances to director £	Repayments by director £	At 5 April 2025 £
Directors	6,728	8,385	(13,062)	2,051

2024	At 6 April 2023 £	Advances to director £	Repayments by director £	At 5 April 2024 £
Directors	8,085	6,605	(7,962)	6,728

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.