1st Roofing Specialists Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05762096

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

1ST ROOFING SPECIALISTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Brown

J Brown

REGISTERED OFFICE:

44 Woodcote Hurst

Epsom

Surrey

KT18 7DT

REGISTERED NUMBER:

05762096

ACCOUNTANTS:

Y R Associates

Chartered Certified Accountants

6 Ritherdon Road

LONDON

SW17 8QD

FIXED ASSETS

Tangible assets

2

6,717

8,457

CURRENT ASSETS

Stocks

2,660

1,782

Debtors

5,513

4,920

Cash at bank and in hand

64,896

36,389

73,069

43,091

CREDITORS

Amounts falling due within one year

(39,139

)

(30,855

)

NET CURRENT ASSETS

33,930

12,236

TOTAL ASSETS LESS CURRENT LIABILITIES

40,647

20,693

PROVISIONS FOR LIABILITIES

(1,343

)

(1,510

)

NET ASSETS

39,304

19,183

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

39,204

19,083

SHAREHOLDERS' FUNDS

39,304

19,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 26th November 2014 and were signed on its behalf by:

Mrs S Brown - 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 & 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.

Plant and machinery

-

20% on reducing balance

Fixtures fittings & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

20,807

Additions

399

At 31st March 2014

21,206

DEPRECIATION

At 1st April 2013

12,350

Charge for year

2,139

At 31st March 2014

14,489

NET BOOK VALUE

At 31st March 2014

6,717

At 31st March 2013

8,457

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .

At the year end the company owed the directors £4,549 ( 2013 £136).

5.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mrs S Brown and Mr J Brown, who each own 50% of the issued share capital.