Peter's Roofing Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06205365 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

PETER'S ROOFING CONTRACTORS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Peter Young

SECRETARY:

Ms. Sarah J. Young

REGISTERED OFFICE:

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

REGISTERED NUMBER:

06205365 (England and Wales)

ACCOUNTANTS:

Malcolm J. Greer FCCA, ATT

Chartered Certified Accountant

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,835

358

1,835

358

CURRENT ASSETS

Stocks

4,000

Debtors

6

102,127

102,362

Cash at bank and in hand

100

7,304

106,227

113,666

CREDITORS

Amounts falling due within one year

7

77,001

99,399

NET CURRENT ASSETS

29,226

14,267

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,061

14,625

CREDITORS

Amounts falling due after more than one
year

8

834

10,834

NET ASSETS

30,227

3,791

CAPITAL AND RESERVES

Called up share capital

10

198

Retained earnings

30,029

3,593

SHAREHOLDERS' FUNDS

30,227

3,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

Mr Peter Young - Director

1.	STATUTORY INFORMATION

Peter's Roofing Contractors 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Office furniture

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

The Directors confirm that due to the continued financial support provided by the company's shareholder directors and bankers, they are satisfied that Peter's Roofing Contactors Limited has adequate resources to continue in business for the foreseeable future. For this reason, they continue to adopt a going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

90,230

AMORTISATION

At 1 May 2024

and 30 April 2025

90,230

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

machinery

furniture

vehicles

equipment

Totals

£

COST

At 1 May 2024

24,432

1,044

63,349

4,522

93,347

Additions

1,766

-

208

1,974

At 30 April 2025

26,198

1,044

63,349

4,730

95,321

DEPRECIATION

At 1 May 2024

24,092

1,042

63,343

4,512

92,989

Charge for year

477

-

20

497

At 30 April 2025

24,569

1,042

63,343

4,532

93,486

NET BOOK VALUE

At 30 April 2025

1,629

2

6

198

1,835

At 30 April 2024

340

2

6

10

358

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

176,872

161,088

Bad and doubtful debts

(103,806

)

(101,586

)

Amounts recoverable on contract

6,012

8,104

Social security and other taxes

6,040

6,475

Other debtors

4,061

Subcontractor debtor

390

-

Employee loans

6,085

5,178

VAT

1,523

8,116

Deferred tax asset

2,711

9,266

Prepayments and accrued income

2,239

1,660

102,127

102,362

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

14,285

10,000

Payments on account

3,553

3,103

Trade creditors

12,211

20,272

Net wages creditor

877

554

Subcontractor creditor

-

1,470

Pension creditor

-

325

Loan from related company

27,652

Directors' current accounts

14,923

32,523

Accruals and deferred income

3,500

77,001

99,399

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans - 1-2 years

834

10,000

Bank loans - 2-5 years

-

834

10,834

9.	DEFERRED TAX

£

Balance at 1 May 2024

(9,266

)

Provided during year

6,555

Balance at 30 April 2025

(2,711

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

196

Ordinary voting shares -

Classes A to E

£1

196

2

Ordinary non voting shares -

Classes F to J

£1

2

198

The total share capital of the Company has been sub divided into ten separate classes of ordinary share labelled A to J inclusive. Each class of ordinary share contains an authorised share capital of 10,000 shares.

The shares all have the same rights and restrictions and rank parri passu in all respects save that as regards voting, share classes F to J inclusive shall be entitled to vote at any general meeting of the Company and as regards income, share classes A to J inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the Directors, as declared by the Company from time to time.

11.	RELATED PARTY DISCLOSURES

The Zinc & Copper Canopy Company Limited

At the balance sheet date, the Company owed £27,652 (2024 - £27,652) to The Zinc & Copper Canopy Company Limited in respect of of an inter company loan.

The inter company loan is interest free and repayable on demand.

The Zinc & Copper Canopy Company Limited is a related party by virtue of it sharing significant shareholders and officers with the Company.