REGISTERED NUMBER: 03286694 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 June 2025

for

Skyline Roofing Centres Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

S J Revell

C Moran

W R Revell

R J Revell

G J Homer

SECRETARY:

S J Revell

REGISTERED OFFICE:

Unit 73 Waterside Trade Centre

Trumpers Way

Hanwell

London

W7 2QA

REGISTERED NUMBER:

03286694 (England and Wales)

AUDITORS:

Bristow Burrell

Statutory Auditors

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

We are pleased to announce once again that we have enhanced our market share in the year, in what has been a very challenging and competitive market.

This has been achieved even though there was continued pressure on gross margins with the downturn in the market leading to increased competition along with rising material and business costs that are a challenge to profitability.

The company's major concern in this, and the current year is the restricted supply of a number of commodity products, hindering sales timings and increasing the cost of servicing customers.

Other factors including the rising cost of living and higher-than-previous interest rates have also continued to slow the RMI market.

Despite these challenges, we are pleased with the company's continued growth and profitability and believe we are outperforming the market sector.

In the current year we will continue to invest in the business and our staff. We remain strongly customer-focused and committed to delivering excellent service by investing in our premises, vehicles, and training.

We undertake regular ongoing business reviews and challenge ourselves to improve wherever possible. The consolidation of our businesses into the Skyline Roofing Centres Ltd entity has strengthened the group, improved efficiency, and reduced costs.

We will continue developing our IT systems to enhance service, visibility, and protection against the evolving threats of cybercrime, and to expand existing locations and open new branches where opportunities arise.

We anticipate continued pressure within the supply chain and expect margins to remain under strain. However, we believe the business is well prepared to manage these challenges and will benefit from the meaningful relationships we have formed with our key suppliers, and are confident of a period of sustained recovery of the economic outlook and trading performance of our industry sector.

ON BEHALF OF THE BOARD:

W R Revell - Director

16 December 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

DIVIDENDS

An interim dividend of £735 per share was paid on 30 June 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 June 2025 will be £ 147,008 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2024 to the date of this report.

S J Revell

C Moran

W R Revell

R J Revell

G J Homer

DISCLOSURE IN THE STRATEGIC REPORT

The company has exercised the option to disclose information which usually appears in the Report of the Directors in the Strategic Report instead. This includes an assessment of the principal risks and uncertainties faced, as well as likely future developments of the company.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Bristow Burrell, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

W R Revell - Director

16 December 2025

Opinion

We have audited the financial statements of Skyline Roofing Centres Limited (the 'company') for the year ended 30 June 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the Merchant Roofing and Construction sector

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, the financial reporting framework FRS 102, UK taxation legislation, UK VAT rules, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal, HMRC, Companies House, Board correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We used up to date tax and legislation checklists to confirm compliance with those laws and regulations.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- considering the internal controls and segregation of duties in place to mitigate risks of fraud and non-compliance with laws and regulations;

- using analytical procedures to identify any unusual or unexpected transactions and sampling tests to confirm material balances in the financial statements. We directed our audit procedures to those areas which we identified as particularly susceptible to misstatement due to fraud, including related parties and their transactions;

- considering the possibility of fraudulent or corrupt payments made through third parties and the risk of bribery and corruption occurring in the areas of the world where the entity does business; and

- considering the selection of appropriate accounting policies by management which do not attempt to manipulate earnings figures and the use by us of random sampling testing in our audit procedures.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias;

- investigated the rationale behind significant or unusual transactions, including related party and group transactions; and

- considered targets and remuneration that might influence management and documented and tested the entity's systems and any weaknesses in internal controls. We identified and validated any transactions that appeared to be outside the normal course of business.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- ensuring that additional audit testing and scrutiny was carried out on any transactions or areas displaying the identified risk criteria, including discussions with our own tax specialists.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

R Spicer (Senior Statutory Auditor)

for and on behalf of Bristow Burrell

Statutory Auditors

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

16 December 2025

TURNOVER

38,939,774

37,500,209

Cost of sales

30,793,421

29,577,069

GROSS PROFIT

8,146,353

7,923,140

Administrative expenses

7,507,329

7,160,665

OPERATING PROFIT

5

639,024

762,475

Interest receivable and similar income

34,732

21,316

673,756

783,791

Interest payable and similar expenses

6

73,412

50,343

PROFIT BEFORE TAXATION

600,344

733,448

Tax on profit

7

155,204

190,045

PROFIT FOR THE FINANCIAL YEAR

445,140

543,403

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

445,140

543,403

FIXED ASSETS

Intangible assets

9

3,000,000

-

Tangible assets

10

1,738,011

1,566,223

Investments

11

1,300

1,300

4,739,311

1,567,523

CURRENT ASSETS

Stocks

12

5,466,328

4,811,440

Debtors

13

5,787,651

7,453,519

Cash at bank and in hand

1,194,019

2,306,091

12,447,998

14,571,050

CREDITORS

Amounts falling due within one year

14

5,507,683

4,755,526

NET CURRENT ASSETS

6,940,315

9,815,524

TOTAL ASSETS LESS CURRENT LIABILITIES

11,679,626

11,383,047

CREDITORS

Amounts falling due after more than one year

15

(639,975

)

(676,344

)

PROVISIONS FOR LIABILITIES

18

(384,446

)

(349,630

)

NET ASSETS

10,655,205

10,357,073

CAPITAL AND RESERVES

Called up share capital

19

200

200

Retained earnings

10,655,005

10,356,873

SHAREHOLDERS' FUNDS

10,655,205

10,357,073

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

S J Revell - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2023

200

9,813,470

9,813,670

Changes in equity

Total comprehensive income

-

543,403

543,403

Balance at 30 June 2024

200

10,356,873

10,357,073

Changes in equity

Dividends

-

(147,008

)

(147,008

)

Total comprehensive income

-

445,140

445,140

Balance at 30 June 2025

200

10,655,005

10,655,205

1.	STATUTORY INFORMATION

Skyline Roofing Centres 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group, except those reported in note 21 to these accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Short leasehold

-

10% on cost

Improvements to property

-

25% on cost, 20% on cost and 10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

30.6.25

30.6.24

£

£

Wages and salaries

4,559,962

4,093,703

Social security costs

471,095

389,388

Other pension costs

260,599

164,706

5,291,656

4,647,797

The average number of employees during the year was as follows:

30.6.25

30.6.24

Administration

44

38

Direct

66

79

110

117

30.6.25

30.6.24

£

£

Directors' remuneration

73,589

-

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.6.25

30.6.24

£

£

Depreciation - owned assets

249,075

195,536

Depreciation - assets on hire purchase contracts

272,320

550,330

Profit on disposal of fixed assets

(19,167

)

(9,500

)

Auditors' remuneration

6,000

6,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.6.25

30.6.24

£

£

Bank loan interest

-

15,705

Hire purchase

73,412

34,638

73,412

50,343

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.6.25

30.6.24

£

£

Current tax:

UK corporation tax

120,388

141,504

Deferred tax

34,816

48,541

Tax on profit

155,204

190,045

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.6.25

30.6.24

£

£

Profit before tax

600,344

733,448

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

150,086

183,362

Effects of:

Expenses not deductible for tax purposes

5,118

27,933

Capital allowances in excess of depreciation

(34,816

)

(69,791

)

Deferred tax

34,816

48,541

Total tax charge

155,204

190,045

8.

DIVIDENDS

30.6.25

30.6.24

£

£

Ordinary shares of £1 each

Interim

147,008

-

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

3,000,000

At 30 June 2025

3,000,000

NET BOOK VALUE

At 30 June 2025

3,000,000

10.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 July 2024

31,578

239,435

1,033,025

Additions

-

-

103,627

Disposals

-

-

-

At 30 June 2025

31,578

239,435

1,136,652

DEPRECIATION

At 1 July 2024

31,578

239,435

792,633

Charge for year

-

-

90,324

Eliminated on disposal

-

-

-

At 30 June 2025

31,578

239,435

882,957

NET BOOK VALUE

At 30 June 2025

-

-

253,695

At 30 June 2024

-

-

240,392

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 July 2024

983,724

3,109,256

5,397,018

Additions

194,960

394,596

693,183

Disposals

-

(462,167

)

(462,167

)

At 30 June 2025

1,178,684

3,041,685

5,628,034

DEPRECIATION

At 1 July 2024

857,674

1,909,475

3,830,795

Charge for year

93,639

337,432

521,395

Eliminated on disposal

-

(462,167

)

(462,167

)

At 30 June 2025

951,313

1,784,740

3,890,023

NET BOOK VALUE

At 30 June 2025

227,371

1,256,945

1,738,011

At 30 June 2024

126,050

1,199,781

1,566,223

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2024

49,858

1,479,123

1,528,981

Additions

-

379,596

379,596

Transfer to ownership

(49,858

)

-

(49,858

)

At 30 June 2025

-

1,858,719

1,858,719

DEPRECIATION

At 1 July 2024

49,325

420,930

470,255

Charge for year

-

272,320

272,320

Transfer to ownership

(49,325

)

-

(49,325

)

At 30 June 2025

-

693,250

693,250

NET BOOK VALUE

At 30 June 2025

-

1,165,469

1,165,469

At 30 June 2024

533

1,058,193

1,058,726

11.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 July 2024

and 30 June 2025

1,300

NET BOOK VALUE

At 30 June 2025

1,300

At 30 June 2024

1,300

12.

STOCKS

30.6.25

30.6.24

£

£

Stocks

5,466,328

4,811,440

Stocks are measured at the lower of cost and net realisable value, after making allowances for obsolete and slow moving items. The cost formula used is the first in, first out (FIFO) method.

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

2,935,894

2,447,716

Other debtors

2,699,460

4,865,397

Prepayments

152,297

140,406

5,787,651

7,453,519