Stay-Dry Roofing (SW) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11465590

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		56,699		75,599
Tangible Assets	5		181,779		230,353

			238,478		305,952
CURRENT ASSETS
Stocks	6	33,306		93,700
Debtors	7	1,157,113		551,810
Cash at bank and in hand		41,740		22,174

		1,232,159		667,684
Creditors: Amounts Falling Due Within One Year	8	(748,078 )		(395,641 )

NET CURRENT ASSETS (LIABILITIES)			484,081		272,043

TOTAL ASSETS LESS CURRENT LIABILITIES			722,559		577,995

Creditors: Amounts Falling Due After More Than One Year	9		(59,104 )		(205,137 )

NET ASSETS			663,455		372,858

CAPITAL AND RESERVES
Called up share capital	11		204		204
Profit and Loss Account			663,251		372,654

SHAREHOLDERS' FUNDS			663,455		372,858

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Stay-Dry Roofing (SW) Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Sarah Sheppard

Director

2 June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Stay-Dry Roofing (SW) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11465590 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are property rights of £1. Due to the small value, no amortisation is calculated or charged to the profit and loss account.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance

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Stay-Dry Roofing (SW) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 21)

4. Intangible Assets

	Goodwill	Property rights	Total
	£	£	£
Cost
As at 1 November 2024	188,998	1	188,999

As at 31 October 2025	188,998	1	188,999

Amortisation
As at 1 November 2024	113,400	-	113,400
Provided during the period	18,900	-	18,900

As at 31 October 2025	132,300	-	132,300

...CONTINUED

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Stay-Dry Roofing (SW) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	56,698	1	56,699

As at 1 November 2024	75,598	1	75,599

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 November 2024	81,172	294,089	375,261
Additions	9,253	-	9,253

As at 31 October 2025	90,425	294,089	384,514

Depreciation
As at 1 November 2024	50,139	94,769	144,908
Provided during the period	7,993	49,834	57,827

As at 31 October 2025	58,132	144,603	202,735

Net Book Value
As at 31 October 2025	32,293	149,486	181,779

As at 1 November 2024	31,033	199,320	230,353

6. Stocks

	2025	2024
	£	£
Stock	8,000	700
Work in progress	25,306	93,000

	33,306	93,700

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,048,126	498,865
Other debtors	595	605
VAT debtor	108,392	52,340

	1,157,113	551,810

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Stay-Dry Roofing (SW) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	25,546	25,666
Trade creditors	483,005	190,659
Bank loans and overdrafts	-	27,687
Corporation tax	202,788	126,477
Other taxes and social security	30,808	22,831
Other creditors	1,343	1,952
Directors' loan accounts	4,588	369

	748,078	395,641

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	59,104	95,873
Bank loans	-	109,264

	59,104	205,137

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	25,546	25,666
Later than one year and not later than five years	59,104	95,873

	84,650	121,539

	84,650	121,539

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	204	204

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