Chorley Rooftech Limited - Accounts to registrar (filleted) - small 23.1.2

Chorley Rooftech Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 11451645 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st July 2022

for

Chorley Rooftech Limited

Chorley Rooftech Limited (Registered number: 11451645)






Contents of the Financial Statements
for the year ended 31st July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chorley Rooftech Limited

Company Information
for the year ended 31st July 2022







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 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,750 24,909

CURRENT ASSETS
Stocks 15,550 17,498
Debtors 5 76,800 73,138
Cash at bank and in hand 18,781 24,769
111,131 115,405
CREDITORS
Amounts falling due within one year 6 83,806 83,634
NET CURRENT ASSETS 27,325 31,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,075

56,680

CREDITORS
Amounts falling due after more than one
year

7

(42,376

)

(51,231

)

PROVISIONS FOR LIABILITIES (3,563 ) (4,733 )
NET ASSETS 136 716

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36 616
136 716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 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 2022



The financial statements were approved by the director and authorised for issue on 31st January 2023 and were signed by:





S J Hamer - Director


Chorley Rooftech Limited (Registered number: 11451645)

Notes to the Financial Statements
for the year ended 31st July 2022

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 year 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 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.

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 year ended 31st July 2022

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.

Going concern
At the balance sheet date and the previous balance sheet date, the company's capital and reserves were minimal. The company has received assurance from the director that he will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2021 45,766
Additions 15,995
Disposals (15,995 )
At 31st July 2022 45,766
DEPRECIATION
At 1st August 2021 20,857
Charge for year 6,159
At 31st July 2022 27,016
NET BOOK VALUE
At 31st July 2022 18,750
At 31st July 2021 24,909

Chorley Rooftech Limited (Registered number: 11451645)

Notes to the Financial Statements - continued
for the year ended 31st July 2022

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st August 2021
and 31st July 2022 40,833
DEPRECIATION
At 1st August 2021 18,219
Charge for year 5,653
At 31st July 2022 23,872
NET BOOK VALUE
At 31st July 2022 16,961
At 31st July 2021 22,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 76,800 73,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 6,729 7,085
Trade creditors 15,978 5,580
Taxation and social security 43,514 50,665
Other creditors 9,585 12,304
83,806 83,634

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 23,333 31,333
Hire purchase contracts 19,043 19,898
42,376 51,231

Chorley Rooftech Limited (Registered number: 11451645)

Notes to the Financial Statements - continued
for the year ended 31st July 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 25,772 26,983

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2022 and 31st July 2021:

2022 2021
£    £   
S J Hamer
Balance outstanding at start of year 72,000 15,000
Amounts advanced 3,000 72,000
Amounts repaid - (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,000 72,000

Interest is charged by the Company on the director's loan account at 2.5% pa.

10. RELATED PARTY DISCLOSURES

The Company occupies premises owned by the director rent free, by agreement.

11. ULTIMATE CONTROLLING PARTY

The controlling party is S J Hamer.