Chorley Rooftech Limited - Accounts to registrar (filleted) - small 18.2

Chorley Rooftech Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 11451645 (England and Wales)















Unaudited Financial Statements

for the Period 6th July 2018 to 31st July 2019

for

Chorley Rooftech Limited

Chorley Rooftech Limited (Registered number: 11451645)






Contents of the Financial Statements
for the period 6th July 2018 to 31st July 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chorley Rooftech Limited

Company Information
for the period 6th July 2018 to 31st July 2019







DIRECTOR: S J Hamer





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11451645 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Chorley Rooftech Limited (Registered number: 11451645)

Balance Sheet
31st July 2019

Notes £    £   
FIXED ASSETS
Tangible assets 4 35,853

CURRENT ASSETS
Stocks 12,520
Debtors 5 3,579
Cash at bank 11,666
27,765
CREDITORS
Amounts falling due within one year 6 26,183
NET CURRENT ASSETS 1,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,435

CREDITORS
Amounts falling due after more than one
year

7

36,257
NET ASSETS 1,178

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 1,078
1,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2019 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 Income Statement has not been delivered.

Chorley Rooftech Limited (Registered number: 11451645)

Balance Sheet - continued
31st July 2019



The financial statements were approved by the director on 27th September 2019 and were signed by:





S J Hamer - Director


Chorley Rooftech Limited (Registered number: 11451645)

Notes to the Financial Statements
for the period 6th July 2018 to 31st July 2019

1. STATUTORY INFORMATION

Chorley Rooftech 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Chorley Rooftech Limited (Registered number: 11451645)

Notes to the Financial Statements - continued
for the period 6th July 2018 to 31st July 2019

2. ACCOUNTING POLICIES - continued

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 period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 38,387
At 31st July 2019 38,387
DEPRECIATION
Charge for period 2,534
At 31st July 2019 2,534
NET BOOK VALUE
At 31st July 2019 35,853

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 37,272
At 31st July 2019 37,272
DEPRECIATION
Charge for period 2,367
At 31st July 2019 2,367
NET BOOK VALUE
At 31st July 2019 34,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,579

Chorley Rooftech Limited (Registered number: 11451645)

Notes to the Financial Statements - continued
for the period 6th July 2018 to 31st July 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 8,437
Trade creditors 6,515
Taxation and social security 8,262
Other creditors 2,969
26,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 24,316
Other creditors 11,941
36,257

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 32,753

9. RELATED PARTY DISCLOSURES

The director has advanced the Company an interest free loan. The balance outstanding on this loan at the
accounting period end of £11,941 is included in Creditors due after more than one year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is S J Hamer.