W. Swindells & Son (Roofing) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01246378 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

W. SWINDELLS & SON (ROOFING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Swindells

J W Swindells

D W Elliott

A Elliott

SECRETARY:

D Swindells

REGISTERED OFFICE:

Jubits Lane

St. Helens

Merseyside

WA9 4RX

REGISTERED NUMBER:

01246378 (England and Wales)

ACCOUNTANTS:

C A Hunter Limited

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Tangible assets

4

733,298

883,623

Investment property

5

1,387,921

1,971,252

2,121,219

2,854,875

CURRENT ASSETS

Stocks

649,707

636,930

Debtors

6

3,085,146

2,157,773

Cash at bank and in hand

6,488,741

5,357,616

10,223,594

8,152,319

CREDITORS

Amounts falling due within one year

7

1,072,688

705,637

NET CURRENT ASSETS

9,150,906

7,446,682

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,272,125

10,301,557

PROVISIONS FOR LIABILITIES

141,636

156,984

NET ASSETS

11,130,489

10,144,573

CAPITAL AND RESERVES

Called up share capital

9,000

Other reserves

8

142,364

Retained earnings

8

10,979,125

9,993,209

SHAREHOLDERS' FUNDS

11,130,489

10,144,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

S Swindells - Director

J W Swindells - Director

1.	STATUTORY INFORMATION

W. Swindells & Son (Roofing) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment Property is included at fair value. Gains are recognised in the Profit and Loss Account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

201,015

1,378,811

1,579,826

Additions

-

21,935

Disposals

-

(22,299

)

(22,299

)

At 31 March 2025

201,015

1,378,447

1,579,462

DEPRECIATION

At 1 April 2024

40,830

655,373

696,203

Charge for year

1,602

166,872

168,474

Eliminated on disposal

-

(18,513

)

(18,513

)

At 31 March 2025

42,432

803,732

846,164

NET BOOK VALUE

At 31 March 2025

158,583

574,715

733,298

At 31 March 2024

160,185

723,438

883,623

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,971,252

Disposals

(583,331

)

At 31 March 2025

1,387,921

NET BOOK VALUE

At 31 March 2025

1,387,921

At 31 March 2024

1,971,252

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

1,387,921

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

1,245,557

1,828,888

The directors consider that the investment property valuation of £1,387,921 is the fair value of the property

based on open market values at the 31st March 2025 Balance Sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

2,937,831

2,043,691

Other debtors

147,315

114,082

3,085,146

2,157,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

-

5,517

Trade creditors

428,160

307,459

Taxation and social security

490,655

322,178

Other creditors

153,873

70,483

1,072,688

705,637

8.

RESERVES

Other reserves of £142,364 arise from the increase in the fair value of investment property, when valued by the directors on an open market value basis. The reserves are non distributable.