BERESFORD ROOFING LIMITED - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04043250 (England and Wales)

BERESFORD ROOFING LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G E Beresford

Mrs D Beresford

REGISTERED OFFICE:

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

REGISTERED NUMBER:

04043250 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Tangible assets

4

242,966

241,943

CURRENT ASSETS

Stocks

25,250

24,820

Debtors

5

63,094

92,741

Cash at bank

61,265

67,019

149,609

184,580

CREDITORS

Amounts falling due within one year

6

235,905

248,690

NET CURRENT LIABILITIES

(86,296

)

(64,110

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,670

177,833

CREDITORS

Amounts falling due after more than one year

7

56,667

83,401

NET ASSETS

100,003

94,432

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

99,803

94,232

SHAREHOLDERS' FUNDS

100,003

94,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:

G E Beresford - Director

1.	STATUTORY INFORMATION

BERESFORD 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.

Turnover

Turnover represents net invoiced sales of goods and services, 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.

Freehold property

-

2.5% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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.

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 12 (2022 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2022

96,532

222,153

250,101

3,651

572,437

Additions

-

31,668

-

-

31,668

At 31 July 2023

96,532

253,821

250,101

3,651

604,105

DEPRECIATION

At 1 August 2022

7,917

129,163

191,172

2,242

330,494

Charge for year

1,131

13,949

14,733

832

30,645

At 31 July 2023

9,048

143,112

205,905

3,074

361,139

NET BOOK VALUE

At 31 July 2023

87,484

110,709

44,196

577

242,966

At 31 July 2022

88,615

92,990

58,929

1,409

241,943

Included in cost of land and buildings is freehold land of £ 51,000 (2022 - £ 51,000 ) which is not depreciated.

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

Motor

vehicles

£

COST

At 1 August 2022

and 31 July 2023

23,500

DEPRECIATION

At 1 August 2022

7,711

Charge for year

3,947

At 31 July 2023

11,658

NET BOOK VALUE

At 31 July 2023

11,842

At 31 July 2022

15,789

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

60,977

90,300

Other debtors

2,117

2,441

63,094

92,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Hire purchase contracts

3,257

3,257

Trade creditors

169,751

131,656

Taxation

22,577

33,074

Other creditors

40,320

80,703

235,905

248,690

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans

56,667

80,000

Hire purchase contracts

-

3,401

56,667

83,401

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

56,667

80,000