Company Registration No. 14342396 (England and Wales)
S M Roofing Contractors Limited
Financial statements
for the year ended 30 September 2025
Pages for filing with the registrar
S M Roofing Contractors Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 9
S M Roofing Contractors Limited
Statement of financial position
As at 30 September 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
149,039
90,123
Current assets
Stocks
354,393
318,045
Debtors
6
1,565,741
1,728,301
Cash at bank and in hand
160,462
483,943
2,080,596
2,530,289
Creditors: amounts falling due within one year
7
(899,555)
(1,109,550)
Net current assets
1,181,041
1,420,739
Total assets less current liabilities
1,330,080
1,510,862
Creditors: amounts falling due after more than one year
8
(12,806)
(32,751)
Provisions for liabilities
(28,354)
(20,376)
Net assets
1,288,920
1,457,735
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
1,288,820
1,457,635
Total equity
1,288,920
1,457,735

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and are signed on its behalf by:
A Pearson
Director
Company Registration No. 14342396
S M Roofing Contractors Limited
Notes to the financial statements
For the year ended 30 September 2025
2
1
Accounting policies
Company information

S M Roofing Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Chartwell House, Pinfold Road, Bourne, Lincolnshire, England, PE10 9HT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue is recognised when the company has satisfied its performance obligations to the customer. Revenue is measured as being the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of any discounts and VAT where applicable.

Revenue from contracts for the provision of services in relation to roofing installations is recognised over time by reference to the stage of completion. Projects in progress are reviewed and invoiced on a monthly basis to reflect the value of the work carried out in the period.

Payment is due throughout the duration of the project/contract based on the amounts invoiced and with reference to agreed credit terms.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Straight line over lease term
Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
3
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
4
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
5
1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no critical accounting judgements or key sources of estimation uncertainty within these financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
16
4
Dividends
2025
2024
£
£
Final paid
682,108
273,453
S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
6
5
Tangible fixed assets
Leasehold land and buildings
Motor vehicles
Total
£
£
£
Cost
At 1 October 2024
20,000
89,234
109,234
Additions
-
0
93,256
93,256
At 30 September 2025
20,000
182,490
202,490
Depreciation and impairment
At 1 October 2024
12,501
6,610
19,111
Depreciation charged in the year
6,252
28,088
34,340
At 30 September 2025
18,753
34,698
53,451
Carrying amount
At 30 September 2025
1,247
147,792
149,039
At 30 September 2024
7,499
82,624
90,123
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
736,972
650,735
Amounts owed by group undertakings
396,565
752,457
Other debtors
149,347
74,744
1,282,884
1,477,936
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
282,857
250,365
Total debtors
1,565,741
1,728,301

S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
7
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
460,425
481,050
Amounts owed to group undertakings
59,132
54,933
Corporation tax
63,167
205,366
Other taxation and social security
51,861
49,378
Other creditors
264,970
318,823
899,555
1,109,550

Amounts owed to group undertakings are unsecured, interest-bearing and repayable on demand.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
12,806
32,751
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100

All ordinary shares carry full voting rights together with the entitlement to dividend payments or any other distribution and to participate in a distribution arising from a winding up of the company. All shares are non-redeemable.

10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Alistair Hunt FCA
Statutory Auditors:
Saffery LLP
Date of audit report:
17 December 2025
S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
8
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
4,167
38,001
12
Events after the reporting date

Dividends totalling £35,249 were paid to shareholders post year end.

13
Related party transactions
Transactions with related parties

During the year the company traded with the following entities in which A Morley and V Hughes are directors and/or shareholders:

Total sales
Total purchases
2025
2024
2025
2024
£
£
£
£
Entities over which individuals with significant influence or control over the entity have significant influence or control
100,183
78,218
464,958
521,017

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities over which individuals with significant influence or control over the entity have significant influence or control
50,578
54,933

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities over which individuals with significant influence or control over the entity have significant influence or control
396,565
752,457
S M Roofing Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
9
14
Parent company

The ultimate parent company is Andrew Morley Business Consultancy Limited. The registered office address is 1st Floor Chartwell House, Pinfold Road, Bourne, England, PE10 9HT, a company registered in England and Wales. Copies of the group financial statements of Andrew Morley Business Consultancy Limited are available from Companies House, Crown Way, Cardiff, CF4 3UZ.

The ultimate controlling party is Andrew Morley, by virtue of his majority shareholding.

2025-09-30 2024-10-01 false false false 17 December 2025 CCH Software CCH Accounts Production 2024.301 No description of principal activity A Morley V Hughes A Pearson 14342396 2024-10-01 2025-09-30 14342396 2025-09-30 14342396 2024-09-30 14342396 core:LandBuildings 2025-09-30 14342396 core:OtherPropertyPlantEquipment 2025-09-30 14342396 core:LandBuildings 2024-09-30 14342396 core:OtherPropertyPlantEquipment 2024-09-30 14342396 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 14342396 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14342396 core:Non-currentFinancialInstruments core:AfterOneYear 2025-09-30 14342396 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 14342396 core:CurrentFinancialInstruments 2025-09-30 14342396 core:CurrentFinancialInstruments 2024-09-30 14342396 core:ShareCapital 2025-09-30 14342396 core:ShareCapital 2024-09-30 14342396 core:RetainedEarningsAccumulatedLosses 2025-09-30 14342396 core:RetainedEarningsAccumulatedLosses 2024-09-30 14342396 core:ShareCapitalOrdinaryShares 2025-09-30 14342396 core:ShareCapitalOrdinaryShares 2024-09-30 14342396 bus:Director3 2024-10-01 2025-09-30 14342396 core:LandBuildings core:LongLeaseholdAssets 2024-10-01 2025-09-30 14342396 core:MotorVehicles 2024-10-01 2025-09-30 14342396 2023-10-01 2024-09-30 14342396 core:LandBuildings 2024-09-30 14342396 core:OtherPropertyPlantEquipment 2024-09-30 14342396 2024-09-30 14342396 core:LandBuildings 2024-10-01 2025-09-30 14342396 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 14342396 core:Non-currentFinancialInstruments 2025-09-30 14342396 core:Non-currentFinancialInstruments 2024-09-30 14342396 core:WithinOneYear 2025-09-30 14342396 core:WithinOneYear 2024-09-30 14342396 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 14342396 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 14342396 bus:FRS102 2024-10-01 2025-09-30 14342396 bus:Audited 2024-10-01 2025-09-30 14342396 bus:Director1 2024-10-01 2025-09-30 14342396 bus:Director2 2024-10-01 2025-09-30 14342396 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP