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Company Registration No. SC079272 (Scotland)
Price Roofing Ltd Unaudited accounts for the year ended 31 May 2026
Price Roofing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Price Roofing Ltd Company Information for the year ended 31 May 2026
Directors
Gordon James Roxburgh Price Robert William Price
Company Number
SC079272 (Scotland)
Registered Office
36 Cable Depot Road Clydebank G81 1UF United Kingdom
Accountants
Ascent Accounting Ltd Studio 106 Embroidery Mill Seedhill Paisley PA1 1TJ
- 3 -
Price Roofing Ltd Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
808,743
829,783
Current assets
Inventories
5,241
434,966
Debtors
5
1,823,073
425,987
Cash at bank and in hand
200,133
778,700
2,028,447
1,639,653
Creditors: amounts falling due within one year
6
(1,393,746)
(1,162,759)
Net current assets
634,701
476,894
Total assets less current liabilities
1,443,444
1,306,677
Creditors: amounts falling due after more than one year
7
(276,047)
(363,486)
Provisions for liabilities
Deferred tax
(54,863)
(58,573)
Net assets
1,112,534
884,618
Capital and reserves
Called up share capital
45,189
45,189
Share premium
8,862
8,862
Profit and loss account
1,058,483
830,567
Shareholders' funds
1,112,534
884,618
For the year ending 31 May 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by
Gordon James Roxburgh Price Director Company Registration No. SC079272
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Price Roofing Ltd Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
Price Roofing Ltd is a private company, limited by shares, registered in Scotland, registration number SC079272. The registered office is 36 Cable Depot Road, Clydebank, G81 1UF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
- 5 -
Price Roofing Ltd Notes to the Accounts for the year ended 31 May 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2025
619,927
162,150
309,158
18,869
1,110,104
Additions
-
-
59,990
1,542
61,532
Disposals
-
-
(23,500)
-
(23,500)
At 31 May 2026
619,927
162,150
345,648
20,411
1,148,136
Depreciation
At 1 June 2025
24,437
92,151
144,864
18,869
280,321
Charge for the year
6,199
17,500
47,471
386
71,556
On disposals
-
-
(12,484)
-
(12,484)
At 31 May 2026
30,636
109,651
179,851
19,255
339,393
Net book value
At 31 May 2026
589,291
52,499
165,797
1,156
808,743
At 31 May 2025
595,490
69,999
164,294
-
829,783
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
1,668,468
225,682
Amounts due from group undertakings etc.
-
100,047
Other debtors
154,605
100,258
1,823,073
425,987
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
77,553
59,801
Obligations under finance leases and hire purchase contracts
52,459
110,010
Trade creditors
1,125,327
934,071
Taxes and social security
136,191
52,589
Other creditors
2,216
6,288
1,393,746
1,162,759
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
251,984
318,820
Obligations under finance leases and hire purchase contracts
24,063
44,666
276,047
363,486
8
Transactions with related parties
During the year, the company entered into transactions with related parties. During the year, the intercompany loan owed to Price Roofing Ltd was repaid in full, leaving a nil balance at 31 May 2026 (2025 = £100,047)
- 6 -
Price Roofing Ltd Notes to the Accounts for the year ended 31 May 2026
9
Average number of employees
During the year the average number of employees was 17 (2025: 14).
- 7 -