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Company Registration No. 09453776 (England and Wales)
S1 Roofing Ltd Unaudited accounts for the year ended 31 March 2025
S1 Roofing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
S1 Roofing Ltd Company Information for the year ended 31 March 2025
Directors
John Hall Fjodors Lebedevs
Company Number
09453776 (England and Wales)
Registered Office
124 City Road London EC1V 2NX England
Accountants
Summed Up Accountancy Services 74 Ashton Road Failsworth Manchester M35 9WL
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S1 Roofing Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
37,473
52,155
Current assets
Inventories
120,380
74,619
Debtors
5
879,106
1,234,962
999,486
1,309,581
Creditors: amounts falling due within one year
6
(870,894)
(1,169,028)
Net current assets
128,592
140,553
Total assets less current liabilities
166,065
192,708
Creditors: amounts falling due after more than one year
7
(42,817)
(76,148)
Provisions for liabilities
Deferred tax
(7,537)
(10,686)
Net assets
115,711
105,874
Capital and reserves
Called up share capital
400
400
Profit and loss account
115,311
105,474
Shareholders' funds
115,711
105,874
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by
John Hall Director Company Registration No. 09453776
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S1 Roofing Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
S1 Roofing Ltd is a private company, limited by shares, registered in England and Wales, registration number 09453776. The registered office is 124 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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S1 Roofing Ltd Notes to the Accounts for the year ended 31 March 2025
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
39,075
55,199
2,870
13,683
110,827
Additions
-
-
221
528
749
At 31 March 2025
39,075
55,199
3,091
14,211
111,576
Depreciation
At 1 April 2024
28,609
22,527
1,280
6,256
58,672
Charge for the year
3,949
8,929
552
2,001
15,431
At 31 March 2025
32,558
31,456
1,832
8,257
74,103
Net book value
At 31 March 2025
6,517
23,743
1,259
5,954
37,473
At 31 March 2024
10,466
32,672
1,590
7,427
52,155
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
5,499
- Motor vehicles
23,743
32,672
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S1 Roofing Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
18,504
78,463
Trade debtors
59,468
210,234
Accrued income and prepayments
534,243
702,277
Other debtors
266,891
243,988
879,106
1,234,962
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
269,033
239,876
Obligations under finance leases and hire purchase contracts
12,769
11,639
Trade creditors
486,806
797,578
Taxes and social security
48,118
48,716
Other creditors
20,774
18,013
Accruals
33,394
53,206
870,894
1,169,028
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
32,670
53,232
Obligations under finance leases and hire purchase contracts
10,147
22,916
42,817
76,148
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
John Hall
Directors loan account
92,578
86,786
95,962
83,402
Fjodors Lebedevs
Directors loan account
83,363
2,064
-
85,427
175,941
88,850
95,962
168,829
Directors' loans are repayable on demand. Interest is charged on balances over £10,000 at HMRC's official rate.
9
Transactions with related parties
Other debtors includes a loan of £21,000 (2024: £21,000) due from a related party company. This loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2024: 4).
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