Registration number: 04314415

Studley Roofing Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	5 to 10

Studley Roofing Limited

Company Information

Directors

Mr D M Studley Mrs J C Studley

Company secretary

Mrs J C Studley

Registered office

Church House Church Street Yeovil Somerset BA20 1HB

Accountants

Lanham & Francis Chartered AccountantsChurch House Church Street Yeovil Somerset BA20 1HB

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Studley Roofing Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Studley Roofing Limited for the year ended 30 April 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Studley Roofing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Studley Roofing Limited and state those matters that we have agreed to state to the Board of Directors of Studley Roofing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studley Roofing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Studley Roofing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Studley Roofing Limited. You consider that Studley Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Studley Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Lanham & Francis
Chartered Accountants
Church House
Church Street
Yeovil
Somerset
BA20 1HB

27 April 2026

Studley Roofing Limited

(Registration number: 04314415)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	64,176	39,966
Investment property	5	425,644	425,644
		489,820	465,610
Current assets
Stocks	6	500	450
Debtors	7	49,914	34,422
Cash at bank and in hand		77,496	68,100
		127,910	102,972
Creditors: Amounts falling due within one year	8	(125,242)	(97,076)
Net current assets		2,668	5,896
Total assets less current liabilities		492,488	471,506
Creditors: Amounts falling due after more than one year	8	(145,909)	(139,388)
Provisions for liabilities		(6,143)	(6,515)
Net assets		340,436	325,603
Capital and reserves
Called up share capital	9	3	3
Retained earnings		340,433	325,600
Shareholders' funds		340,436	325,603

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Studley Roofing Limited

(Registration number: 04314415)
Balance Sheet as at 30 April 2025 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 April 2026 and signed on its behalf by:
 

Mr D M Studley Director

Studley Roofing Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Church House
Church Street
Yeovil
Somerset
BA20 1HB

The principal place of business is:
Manor Road
Yeovil
Somerset
BA20 1UF

These financial statements were authorised for issue by the Board on 24 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Studley Roofing Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold buildings	Nil
Motor vehicles	25% per annum, reducing balance basis
Equipment, fixtures and fittings	25% per annum, reducing balance basis
Plant and machinery	25% per annum, reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Studley Roofing Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
FRS 102 classifies financial instruments as either basic financial instruments or other financial instruments. The accounting treatment varies according to the classification.
Basic financial instruments are defined as one of the following:
- cash
- a debt instrument (such as accounts receivable and payable)
- commitment to receive a loan that satisfy certain criteria
- investments in non-convertible preference shares, and non puttable ordinary shares.

All other financial instruments are classed as other financial instruments and treated accordingly.

 Recognition and measurement
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Studley Roofing Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	4,788	55,759	55,164	115,711
Additions	-	11,292	53,046	64,338
Disposals	-	-	(49,664)	(49,664)
At 30 April 2025	4,788	67,051	58,546	130,385
Depreciation
At 1 May 2024	-	42,591	33,154	75,745
Charge for the year	-	6,162	13,696	19,858
Eliminated on disposal	-	-	(29,394)	(29,394)
At 30 April 2025	-	48,753	17,456	66,209
Carrying amount
At 30 April 2025	4,788	18,298	41,090	64,176
At 30 April 2024	4,788	13,168	22,010	39,966

Included within the net book value of land and buildings above is £4,788 (2024 - £4,788) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
At 1 May 2024	425,644

The investment properties have been revalued by the director who considers that the value shown in the financial statements is correct and there has been no impairment in value.

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2025 £	2024 £
Other inventories	500	450

Studley Roofing Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

7

Debtors

Current	2025 £	2024 £
Trade debtors	29,316	21,770
Prepayments	13,650	12,495
Other debtors	6,948	157
	49,914	34,422

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		32,940	30,980
Trade creditors		20,302	15,183
Taxation and social security		54,726	29,757
Accruals and deferred income		6,371	7,609
Other creditors		10,903	13,547
		125,242	97,076

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £11,714 ((2024 - £8,480).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		145,909	139,388

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £146,359 (2024 - £133,971).

Creditors include bank loans repayable by instalments of £89,025 (2024 - £95,971 due after more than five years.

Studley Roofing Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	3	3	3	3

10	Related party transactions

Transactions with directors

2025	At 1 May 2024 £	Advances to director £	At 30 April 2025 £
Interest free loan	(2,150)	9,098	6,948

2024	At 1 May 2023 £	Other payments made to company by director £	At 30 April 2024 £
Interest free loan	(192)	(1,958)	(2,150)