Company No: 03339715 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	569		996
Tangible assets	4	392,489		427,948
Investment property	5	495,000		495,000
		888,058		923,944
Current assets
Stocks		64,117		51,640
Debtors
- due within one year	6	2,966,927		2,853,027
- due after more than one year	6	54,492		59,898
Cash at bank and in hand		320,156		118,864
		3,405,692		3,083,429
Creditors: amounts falling due within one year	7	( 1,884,372)		( 2,325,059)
Net current assets		1,521,320		758,370
Total assets less current liabilities		2,409,378		1,682,314
Creditors: amounts falling due after more than one year	8	( 13,142)		( 25,378)
Provision for liabilities		( 83,131)		( 91,777)
Net assets		2,313,105		1,565,159
Capital and reserves
Called-up share capital	9	1,096		1,096
Fair value reserve		131,175		131,175
Profit and loss account		2,180,834		1,432,888
Total shareholders' funds		2,313,105		1,565,159

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of DFR Roofing Limited (registered number: 03339715) were approved and authorised for issue by the Board of Directors on 05 August 2026. They were signed on its behalf by:

Mr P J Douglas Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DFR Roofing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Douglas House, Weston Park Road, Plymouth, PL3 4NU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

During the year, the company revised the estimated useful life of Plant and machinery and Fixtures and fittings. This has resulted in an increase in the depreciation rate from 10% reducing balance to 20% straight line. This change reflects updated expectations of asset usage.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the performance model.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	68		64

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 April 2025	7,105		7,105
At 31 March 2026	7,105		7,105
Accumulated amortisation
At 01 April 2025	6,109		6,109
Charge for the financial year	427		427
At 31 March 2026	6,536		6,536
Net book value
At 31 March 2026	569		569
At 31 March 2025	996		996

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2025	150,266		53,846		757,136		30,275		991,523
Additions	0		3,218		63,940		5,392		72,550
Disposals	0		0		( 41,950)		0		( 41,950)
At 31 March 2026	150,266		57,064		779,126		35,667		1,022,123
Accumulated depreciation
At 01 April 2025	59,932		14,349		471,382		17,912		563,575
Charge for the financial year	2,841		11,287		76,382		5,927		96,437
Disposals	0		0		( 30,378)		0		( 30,378)
At 31 March 2026	62,773		25,636		517,386		23,839		629,634
Net book value
At 31 March 2026	87,493		31,428		261,740		11,828		392,489
At 31 March 2025	90,334		39,497		285,754		12,363		427,948

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	495,000
As at 31 March 2026	495,000

At the balance sheet date, it was the opinion of the directors that the carrying value of the investment properties represented the fair value of the property.

6. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	2,172,471		2,095,010
Other debtors	794,456		758,017
	2,966,927		2,853,027
Debtors: amounts falling due after more than one year
Other debtors	54,492		59,898

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	1,167,599		1,232,071
Amounts owed to directors	1,944		3,152
Other loans	0		119,528
Accruals	11,330		30,448
Taxation and social security	660,909		896,768
Obligations under finance leases and hire purchase contracts	12,235		16,867
Other creditors	30,355		26,225
	1,884,372		2,325,059

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Obligations under finance leases and hire purchase contracts	13,142		25,378

HP and finance lease liabilities are secured against the assets to which they relate.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
216 Ordinary A shares of £ 1.00 each	216		216
216 Ordinary B shares of £ 1.00 each	216		216
216 Ordinary C shares of £ 1.00 each	216		216
216 Ordinary D shares of £ 1.00 each	216		216
96 Ordinary E shares of £ 1.00 each	96		96
136 Ordinary F shares of £ 1.00 each	136		136
	1,096		1,096