Roof Busters Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09344632 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ROOF BUSTERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M F W Prince

REGISTERED OFFICE:

13 Talbot Street

Rugeley

Staffordshire

WS15 2EQ

REGISTERED NUMBER:

09344632 (England and Wales)

ACCOUNTANT:

Richards Associates Limited

Chartered Accountants

North Lodge

Hawkesyard

Armitage Lane

Rugeley

Staffordshire

WS15 1PS

FIXED ASSETS

Tangible assets

4

5,031

1,439

CURRENT ASSETS

Stocks

5

1,500

1,000

Debtors

6

36,097

1,054

Cash at bank

13,464

42,829

51,061

44,883

CREDITORS

Amounts falling due within one year

7

55,350

45,206

NET CURRENT LIABILITIES

(4,289

)

(323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

742

1,116

PROVISIONS FOR LIABILITIES

8

738

45

NET ASSETS

4

1,071

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

-

1,067

SHAREHOLDERS' FUNDS

4

1,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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.

The financial statements were approved by the director on 30 September 2019 and were signed by:

M F W Prince - Director

1.	STATUTORY INFORMATION

Roof Busters Ltd 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 the net invoiced sales of 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

-

25% on cost

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2018

1,281

3,000

4,281

Additions

4,905

-

4,905

At 31 December 2018

6,186

3,000

9,186

DEPRECIATION

At 1 January 2018

592

2,250

2,842

Charge for year

563

750

1,313

At 31 December 2018

1,155

3,000

4,155

NET BOOK VALUE

At 31 December 2018

5,031

-

5,031

At 31 December 2017

689

750

1,439

5.

STOCKS

31.12.18

31.12.17

£

£

Stocks

1,500

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

3,605

-

Directors' current accounts

32,031

-

Prepayments

461

1,054

36,097

1,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other loans

22,634

-

Trade creditors

20,829

12,262

Tax

5,819

4,700

VAT

5,411

9,066

Directors' current accounts

-

18,521

Accrued expenses

657

657

55,350

45,206

8.	PROVISIONS FOR LIABILITIES

31.12.18

31.12.17

£

£

Deferred tax

738

45

Deferred

tax

£

Balance at 1 January 2018

45

Provided during year

693

Balance at 31 December 2018

738

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

4

Ordinary

£1.00

4

4

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

31.12.18

31.12.17

£

£

M F W Prince

Balance outstanding at start of year

-

-

Amounts advanced

40,360

-

Amounts repaid

(8,329

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,031

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M F W Prince.

12.	WORKING CAPITAL DEFICIT

Current liabilities exceed current assets, however, the company is able to meet its liabilities as they fall due.