Sure Roofs Systems Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03884264 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

SURE ROOFS SYSTEMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

D J Collier

R Collier

SECRETARY:

R Collier

REGISTERED OFFICE:

21 Market Place

Dereham

Norfolk

NR19 2AX

REGISTERED NUMBER:

03884264 (England and Wales)

ACCOUNTANTS:

Haworth & Co Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

FIXED ASSETS

Tangible assets

2

58,105

74,224

CURRENT ASSETS

Stocks

120,350

120,328

Debtors

614,770

550,862

Cash at bank and in hand

108,859

142,991

843,979

814,181

CREDITORS

Amounts falling due within one year

381,379

473,573

NET CURRENT ASSETS

462,600

340,608

TOTAL ASSETS LESS CURRENT LIABILITIES

520,705

414,832

PROVISIONS FOR LIABILITIES

10,770

13,807

NET ASSETS

509,935

401,025

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

509,933

401,023

SHAREHOLDERS' FUNDS

509,935

401,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 August 2015 and were signed on its behalf by:

D J Collier - Director

R Collier - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

180,270

DEPRECIATION

At 1 March 2014

106,046

Charge for year

16,119

At 28 February 2015

122,165

NET BOOK VALUE

At 28 February 2015

58,105

At 28 February 2014

74,224

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/15

28/2/14

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary 'B'

£1

1

1

2

2

4.	RELATED PARTY DISCLOSURES

Taverham Conservatories

An unincorporated business owned by D J Collier.

Total sales during the year amounted to £481,757 (2014: £445,232) and at the year end a balance of

£101,588 (2014: £137,435) was due from Taverham Conservatories. The company gives discounts,

which are available to other customers, in accordance with trading terms.

Included within other income is a leasing charge to Taverham Conservatories for £4,128 (2014:

£4,128) for the use of a vehicle owned by the company, this charge has been valued at a market rate

for a similar vehicle.

Also included within other income is rent charged to Taverham Conservatories for storage amounting

to £6,000 (2014: £6,000), this charge has been valued at the going market rate.

5.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Sure Roofs Systems Ltd for the year ended 28 February 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Sure Roofs Systems Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sure Roofs Systems Ltd and state those matters that we have agreed to state to the Board of Directors of Sure Roofs Systems Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sure Roofs Systems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sure Roofs Systems Ltd. You consider that Sure Roofs Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sure Roofs

Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Haworth & Co Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

13 August 2015