REGISTERED NUMBER: SC564589 (Scotland)

Unaudited Financial Statements

for the Year Ended

30 April 2025

for

PREMIER SPECIALIST ROOFING CONTRACTORS

LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Farquhar

S Forster

REGISTERED OFFICE:

13 Canyon Road

Netherton Industrial Estate

Wishaw

ML2 0EG

REGISTERED NUMBER:

SC564589 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

19,605

23,345

CURRENT ASSETS

Stocks

115,657

194,298

Debtors

5

63,881

54,821

Cash at bank and in hand

175,326

271,587

354,864

520,706

CREDITORS

Amounts falling due within one year

6

(46,437

)

(108,490

)

NET CURRENT ASSETS

308,427

412,216

TOTAL ASSETS LESS CURRENT LIABILITIES

328,032

435,561

PROVISIONS FOR LIABILITIES

(4,901

)

(5,836

)

NET ASSETS

323,131

429,725

CAPITAL AND RESERVES

Called up share capital

7

1

1

Share premium

8

50,000

50,000

Retained earnings

8

273,130

379,724

SHAREHOLDERS' FUNDS

323,131

429,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:

S Forster - Director

S Farquhar - Director

1.	STATUTORY INFORMATION

Premier Specialist Roofing Contractors Ltd is a private company, limited by shares , registered in Scotland. 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.	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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2024

25,839

5,908

40,951

72,698

Additions

2,067

1,498

-

3,565

Disposals

-

-

(14,415

)

(14,415

)

At 30 April 2025

27,906

7,406

26,536

61,848

DEPRECIATION

At 1 May 2024

14,055

3,065

32,233

49,353

Charge for year

2,770

568

1,585

4,923

Eliminated on disposal

-

-

(12,033

)

(12,033

)

At 30 April 2025

16,825

3,633

21,785

42,243

NET BOOK VALUE

At 30 April 2025

11,081

3,773

4,751

19,605

At 30 April 2024

11,784

2,843

8,718

23,345

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,116

48,009

Tax

5,396

-

VAT

12,675

5,589

Prepayments and accrued income

1,694

1,223

63,881

54,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,295

31,986

Tax

-

59,251

Social security and other taxes

1,987

3,644

Accrued expenses

8,155

13,609

46,437

108,490

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

.01

1

1

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 May 2024

379,724

50,000

429,724

Deficit for the year

(19,394

)

(19,394

)

Dividends

(87,200

)

(87,200

)

At 30 April 2025

273,130

50,000

323,130