Town Roofing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06217330 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Town Roofing Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

V Dodd

Secretary:

V Dodd

Registered office:

Applewood

Warrington Road

Mickle Trafford

Chester

CH2 4EA

Registered number:

06217330 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

13,370

2,385

Current assets

Stocks

850

1,050

Debtors

5

8,333

9,017

Cash at bank

13,457

10,088

22,640

20,155

Creditors

Amounts falling due within one year

6

24,300

20,620

Net current liabilities

(1,660

)

(465

)

Total assets less current liabilities

11,710

1,920

Creditors

Amounts falling due after more than one year

7

10,763

-

Net assets

947

1,920

Capital and reserves

Called up share capital

10

10

Retained earnings

937

1,910

Shareholders' funds

947

1,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 3 October 2019 and were signed by:

V Dodd - Director

1.	Statutory information

Town 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion

of the service transaction at the end of the reporting period provided that the outcome can

be reliably estimated. When the outcome cannot be reliably estimated, revenue is

recognised only to the extent that expenses recognised are recoverable.

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% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% 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 Statement

of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

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

reversed at the statement of financial position 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 held under hire purchase and finance leases are recognised in the statement of

financial position as assets and liabilities at the lower of the fair value of the assets and the

present value of the minimum payments, which is determined at the inception of the term.

Any initial direct costs are added to the amount recognised as an asset.

Payments are apportioned between the finance charges and reduction of the outstanding

liability using the effective interest method. Finance charges are allocated to each period so

as to produce a constant rate of interest on the remaining balance of the liability.

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 6 (2018 - 5 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2018

2,691

12,110

1,356

16,157

Additions

-

16,162

667

16,829

Disposals

-

(12,110

)

-

(12,110

)

At 31 March 2019

2,691

16,162

2,023

20,876

Depreciation

At 1 April 2018

2,343

10,723

706

13,772

Charge for year

87

4,040

328

4,455

Eliminated on disposal

-

(10,721

)

-

(10,721

)

At 31 March 2019

2,430

4,042

1,034

7,506

Net book value

At 31 March 2019

261

12,120

989

13,370

At 31 March 2018

348

1,387

650

2,385

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

8,333

9,017

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Finance leases

2,400

-

Trade creditors

10,012

4,100

Taxation and social security

6,954

14,576

Other creditors

4,934

1,944

24,300

20,620

7.

Creditors: amounts falling due after more than one year

2019

2018

£

£

Finance leases

10,763

-

8.	Secured debts

Amounts due under finance leases are secured on the underlying asset.

9.	Director's advances, credits and guarantees

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

31 March 2019 and 31 March 2018:

2019

2018

£

£

V Dodd

Balance outstanding at start of year

9,017

13,136

Amounts advanced

-

43,597

Amounts repaid

(9,017

)

(47,716

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,017