Registration number: 03865902

Imperial Roofing Supplies UK Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Imperial Roofing Supplies UK Ltd

Company Information

Directors

Mr Joseph Andrew Carnan Mr Patrick Carnan Mr Ian Beckett

Registered office

Unit 23 Syston Road Cossington Leicestershire LE7 4UZ

Accountants

Fosse Accountants Limited Chartered Certified Accountants 23 St Johns Enderby Leicester Leicestershire LE19 2BR

Imperial Roofing Supplies UK Ltd

(Registration number: 03865902)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	80,598	104,907
Current assets
Stocks	5	383,003	404,581
Debtors	6	605,806	507,910
Cash at bank and in hand		243,794	67,797
		1,232,603	980,288
Creditors: Amounts falling due within one year	7	(694,991)	(528,578)
Net current assets		537,612	451,710
Total assets less current liabilities		618,210	556,617
Creditors: Amounts falling due after more than one year	7	-	(23,056)
Provisions for liabilities		(23,170)	(29,247)
Net assets		595,040	504,314
Capital and reserves
Called up share capital	8	2	2
Retained earnings		595,038	504,312
Shareholders' funds		595,040	504,314

For the financial year ending 31 March 2026 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Imperial Roofing Supplies UK Ltd

(Registration number: 03865902)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 3 June 2026 and signed on its behalf by:
 

......................................... Mr Joseph Andrew Carnan Director

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Unit 23
Syston Road
Cossington
Leicestershire
LE7 4UZ
England

These financial statements were authorised for issue by the Board on 3 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Motor Vehicles	25% Reducing Balance
Plant and machinery	20% Reducing Balance
Fixtures, fittings, tools and equipment	15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 10).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	51,515	138,595	190,110
At 31 March 2026	51,515	138,595	190,110
Depreciation
At 1 April 2025	32,082	53,121	85,203
Charge for the year	2,940	21,369	24,309
At 31 March 2026	35,022	74,490	109,512
Carrying amount
At 31 March 2026	16,493	64,105	80,598
At 31 March 2025	19,433	85,474	104,907

5

Stocks

	2026 £	2025 £
Other inventories	383,003	404,581

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	598,630	507,910
Prepayments	7,176	-
	605,806	507,910

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	23,056	39,336
Trade creditors		512,998	346,804
Taxation and social security		148,362	128,417
Accruals and deferred income		1,179	4,027
Other creditors		9,396	9,994
		694,991	528,578

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	-	23,056

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	1,667
Other borrowings	-	21,389
	-	23,056

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,667	10,000
Other borrowings	21,389	29,336
	23,056	39,336

Bank borrowings

Business Bounceback Loan is denominated in pounds sterling with a nominal interest rate of 1.72%, and the final instalment is due on 6 May 2026. The carrying amount at year end is £1,667 (2025 - £11,667).

Other borrowings

Inveco Capital is denominated in pounds sterling with a nominal interest rate of 3.77%, and the final instalment was due on 1 September 2025. The carrying amount at year end is £Nil (2025 - £3,688). The HP agreement is secured against a Iveco lorry.

MI Finance is denominated in pounds sterling with a nominal interest rate of 5.09%, and the final instalment was due on 13 August 2025. The carrying amount at year end is £Nil (2025 - £2,315). This HP agreement is secured against a Ford Transit van.

Propel Finance is denominated in pounds sterling with a nominal interest rate of 4.97%, and the final instalment is due on 25 February 2027. The carrying amount at year end is £21,389 (2025- £44,722).

This HP agreement is secured against a Heavy Goods Vehicle (HGV).

Imperial Roofing Supplies UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10

Dividends

		2026		2025
		£		£
Interim dividend of £63,490.00 (2025 - £50,203.00) per ordinary share		126,980		100,406

Recommended final dividends paid and not recognised in the accounts

The directors are recommending the following final dividends:

£30,000.00 (2025 - £18,000.00) per each Ordinary shares share totalling £60,000 (2025 - £36,000.00)

These dividends have not been accrued in the balance sheet.

11	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	66,000	59,472
Contributions paid to money purchase schemes	5,972	1,321
	71,972	60,793

Summary of transactions with other related parties

During the year, consultancy fees paid under legal and professional fees were paid to Mrs Beckett, who is the spouse of one of the directors, Mr Ian Beckett. Mrs Beckett had been appointed as a consultant for the company since 2017, and continues to act in the same capacity after the appointment of Mr Ian Beckett in December 2023.
 

Expenditure with and payables to related parties

2026	Other related parties £
Rendering of services	20,000

2025	Other related parties £
Rendering of services	13,200