Goldcrest Roofing Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09253437

Goldcrest Roofing Services Limited

Filleted Unaudited Financial Statements

30 June 2025

Goldcrest Roofing Services Limited

Financial Statements

Year ended 30 June 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Goldcrest Roofing Services Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		36,582		20,844

Current assets

Stocks		10,000	10,000
Debtors	6	701,493	650,832
Cash at bank and in hand		2,907	26,502
		---------	---------
		714,400	687,334

Creditors: amounts falling due within one year	7	554,155		501,459
		---------		---------
Net current assets			160,245		185,875
			---------		---------
Total assets less current liabilities			196,827		206,719

Creditors: amounts falling due after more than one year	8		9,956		40,772

Provisions

Taxation including deferred tax	6,906	–
	---------	---------
Net assets	179,965	165,947
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		179,865	165,847
		---------	---------
Shareholders funds		179,965	165,947
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Goldcrest Roofing Services Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

M W Bloomfield

Director

Company registration number: 09253437

Goldcrest Roofing Services Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Motor vehicle	-	20% reducing balance
Computer equipment	-	20 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stock and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included in the valuation of work in progress.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 July 2024	54,915	6,966	61,881
Additions	20,000	960	20,960
	--------	-------	--------
At 30 June 2025	74,915	7,926	82,841
	--------	-------	--------
Depreciation
At 1 July 2024	36,920	4,117	41,037
Charge for the year	4,266	956	5,222
	--------	-------	--------
At 30 June 2025	41,186	5,073	46,259
	--------	-------	--------
Carrying amount
At 30 June 2025	33,729	2,853	36,582
	--------	-------	--------
At 30 June 2024	17,995	2,849	20,844
	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	621,211	560,303
Corporation tax recoverable	–	850
Value Added Tax	80,282	89,679
	---------	---------
	701,493	650,832
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	32,138	33,460
Trade creditors	291,270	250,684
Accruals and deferred income	6,861	6,159
Corporation tax	51,152	35,947
Social security and other taxes	22,542	10,075
Director loan accounts	48,753	18,753
Amounts due to related party	98,911	133,488
Other creditors	2,528	12,893
	---------	---------
	554,155	501,459
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	9,956	40,772
	-------	--------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Related party transactions

At the year end the company owed £98,911 (2024 - £133,488) to a related company. The related company is a company in which the directors have an interest. At the year end the company owed its directors £48,753 (2024- £18,753) which is shown amongst creditors.