JAMIE BROWN ROOFING & LEADWORK LIMITED


Directors	BROWN, Jamie
	BROWN, Katrina Jayne


Registered Address	11 Northfield Road
	Ilfracombe
	EX34 8AL


Registered Number	07327715 (England and Wales)

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		9

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 24	10,000	10,000
At 31 July 25	10,000	10,000
Amortisation and impairment
At 01 August 24	9,200	9,200
Charge for year	800	800
At 31 July 25	10,000	10,000
Net book value
At 31 July 25	-	-
At 31 July 24	800	800

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 August 24	604,623	62,755	136,298	5,946	809,622
Additions	-	3,837	6,995	59	10,891
Disposals	-	-	(6,000)	-	(6,000)
Transfers	(604,623)	(32,649)	-	(166)	(637,438)
At 31 July 25	-	33,943	137,293	5,839	177,075
Depreciation and impairment
At 01 August 24	22,048	14,046	39,408	3,067	78,569
Charge for year	-	3,853	23,067	437	27,357
On disposals	-	-	(1,375)	-	(1,375)
Other adjustments	(22,048)	(7,357)	-	(166)	(29,571)
At 31 July 25	-	10,542	61,100	3,338	74,980
Net book value
At 31 July 25	-	23,401	76,193	2,501	102,095
At 31 July 24	582,575	48,709	96,890	2,879	731,053

6.	Stocks

	2025	2024
	£	£
Raw materials and consumables	707,980	8,172
Work in progress	76,758	53,350
Total	784,738	61,522

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	28,323	12,793
Taxation and social security	53,419	82,149
Finance lease and HP contracts	6,833	6,833
Other creditors	274,015	282,163
Total	362,590	383,938

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	37,166	44,194
Total	37,166	44,194

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	43,999		51,028

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	14,528	47,564
Total	14,528	47,564

11.	Related party transactions
	The directors continue to support the company, the directors current account continues to be in credit and is detailed below. Mr J Brown Balance as at 31 July 2025 £132,789 Balance as at 31 July 2024 £132,934 Mrs K Brown Balance as at 31 July 2025 £132,790 Balance as at 31 July 2024 £132,935 Intercompany Loan During the previous year the company made an intercompany loan to Seaview Developments SW Limited of £20,000, this loan remains outstanding and a further loan of £1,000 was made during the year end 31 July 2025. The total loan is included in other receivables, along with a provision for interest receivable. The loan is made on an interest free, repayable on demand basis. Mr J Brown & Mrs K Brown own 51% and 49% retrospectively of the ordinary share capital of Seaview Developments SW Limited and as connected persons have joint control of this company. Associated Companies Jamie Brown Roofing & Leadwork Limited and Seaview Development SW Limited are associated companies, as they are both under control by Mr J Brown and Mrs K Brown. They have been associated companies since Seaview Developments SW Limited incorporation being 8 April 2024. Closing work in progress includes a provision of £43,569 for work done but not yet invoiced to Seaview Developments SW Limited.

11.

Related party transactions

The directors continue to support the company, the directors current account continues to be in credit and is detailed below. 

Mr J Brown      Balance as at 31 July 2025 £132,789 Balance as at 31 July 2024 £132,934  
Mrs K Brown    Balance as at 31 July 2025 £132,790 Balance as at 31 July 2024 £132,935

Intercompany Loan 
During the previous year the company made an intercompany loan to Seaview Developments SW Limited of £20,000, this loan remains outstanding and a further loan of £1,000 was made during the year end 31 July 2025. The total loan is included in other receivables, along with a provision for interest receivable. The loan is made on an interest free, repayable on demand basis.

Mr J Brown & Mrs K Brown own 51% and 49% retrospectively of the ordinary share capital of Seaview Developments SW Limited and as connected persons have joint control of this company. 

Associated Companies
Jamie Brown Roofing & Leadwork Limited and Seaview Development SW Limited are associated companies, as they are both under control by Mr J Brown and Mrs K Brown. They have been associated companies since Seaview Developments SW Limited incorporation being 8 April 2024.

Closing work in progress includes a provision of £43,569 for work done but not yet invoiced to Seaview Developments SW Limited.

12.	Controlling party
	Mr J Brown & Mrs K Brown each own 50% of the ordinary share capital and as connected persons have joint control of the company.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		-		800
Tangible assets	5		102,095		731,053
			102,095		731,853
Current assets
Stocks	6	784,738		61,522
Debtors		43,658		53,050
Cash at bank and on hand		63,612		121,024
		892,008		235,596
Creditors amounts falling due within one year	7	(362,590)		(383,938)
Net current assets (liabilities)			529,418		(148,342)
Total assets less current liabilities			631,513		583,511
Creditors amounts falling due after one year	8		(37,166)		(44,194)
Provisions for liabilities	10		(14,528)		(47,564)
Net assets			579,819		491,753
Capital and reserves
Called up share capital			2		2
Profit and loss account			579,817		491,751
Shareholders' funds			579,819		491,753