General Information
TUNSTALL ROOFING AND CLADDING LTD is a private company, limited by shares, registered in England and Wales, registration number 12280167, registration address 3 VIGO PLACE, WALSALL ENGLAND, WS9 8UG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Straight Line
|
| Motor Vehicles |
25% Straight Line
|
| Fixtures and Fittings |
25% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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 balance sheet 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.
|
| 2. |
Average number of employees
Average number of employees during the year was 6 (2024 : 6).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 May 2024 |
7,853 |
|
53,166 |
|
5,645 |
|
66,664 |
| Additions |
- |
|
194,463 |
|
3,030 |
|
197,493 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 30 April 2025 |
7,853 |
|
247,629 |
|
8,675 |
|
264,157 |
| Depreciation |
| At 01 May 2024 |
2,979 |
|
40,468 |
|
1,655 |
|
45,102 |
| Charge for year |
1,586 |
|
52,040 |
|
2,169 |
|
55,795 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 30 April 2025 |
4,565 |
|
92,508 |
|
3,824 |
|
100,897 |
| Net book values |
| Closing balance as at 30 April 2025 |
3,288 |
|
155,121 |
|
4,851 |
|
163,260 |
| Opening balance as at 01 May 2024 |
4,874 |
|
12,698 |
|
3,990 |
|
21,562 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
100,384 |
|
50,384 |
|
100,384 |
|
50,384 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
228,572 |
|
282,457 |
| Other Debtors |
177,987 |
|
700 |
| Directors' Current Accounts |
9,813 |
|
77,424 |
|
416,372 |
|
360,581 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
231,304 |
|
148,254 |
| Corporation Tax |
32,477 |
|
130,824 |
| PAYE & Social Security |
19,908 |
|
24,365 |
| Accrued Expenses |
0 |
|
11,500 |
| Other Creditors |
200,408 |
|
2,174 |
| Obligations under HP/Financial Leases |
0 |
|
15,266 |
| VAT |
(16,433) |
|
(8,239) |
|
467,664 |
|
324,144 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Obligations Under HP/Financial Leases |
122,392 |
|
7,633 |
|
122,392 |
|
7,633 |
|
| 8. |
Advances and Credits
Mr Neil Tunstall | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Mr Neil Tunstall | 77,424 | | 68,389 | | 0 | | 136,000 | | 0 | | 0 | | 9,813 | | 77,424 | | 68,389 | | 0 | | 136,000 | | 0 | | 0 | | 9,813 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Mr Neil Tunstall | (12,881) | | 90,305 | | 0 | | 0 | | 0 | | 0 | | 77,424 | | (12,881) | | 90,305 | | 0 | | 0 | | 0 | | 0 | | 77,424 |
|
4
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