Skyline Roofing Centres (Bedford) Limite - Accounts to registrar (filleted) - small 18.2
Skyline Roofing Centres (Bedford) Limite - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2019 |
| for |
| Skyline Roofing Centres |
| (Bedford) Limited |
| Skyline Roofing Centres |
| (Bedford) Limited (Registered number: 06822102) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Skyline Roofing Centres |
| (Bedford) Limited |
| Company Information |
| for the Year Ended 30 June 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 Riverview |
| Walnut Tree Close |
| Guildford |
| Surrey |
| GU1 4UX |
| Skyline Roofing Centres |
| (Bedford) Limited (Registered number: 06822102) |
| Balance Sheet |
| 30 June 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on were signed on its behalf by: |
| Skyline Roofing Centres |
| (Bedford) Limited (Registered number: 06822102) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2019 |
| 1. | STATUTORY INFORMATION |
| Skyline Roofing Centres (Bedford) Limited is a |
| registered in England and Wales. The company's registered number and registered |
| office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Skyline Roofing Centres |
| (Bedford) Limited (Registered number: 06822102) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2019 |
| 3. | 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| Transfer to ownership | (19,800 | ) | - | 19,800 | - |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 | ( |
) |
| At 30 June 2018 |
| Fixed assets, included in the above, which are held under hire purchase contracts |
| are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2018 |
| Transfer to ownership | (19,800 | ) | - | (19,800 | ) |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for year |
| Transfer to ownership | (19,800 | ) | - | (19,800 | ) |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Skyline Roofing Centres |
| (Bedford) Limited (Registered number: 06822102) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| Mr S J Revell is also a Director of Skyline Roofing Centres Limited, Skyline |
| Roofing (Kingston) Limited, Skyline Roofing Centres (LB) Ltd, Skyline Roofing |
| Centres Management Company Limited, Skyline Roofing Holdings Limited and Skyline |
| Roofing Group Limited. He is also a proprietor of Skyline Roofing Centres |
| partnership. All these businesses trade with each other under normal commercial |
| conditions. |
| At the end of the year, Skyline Roofing Centres (Bedford) Limited had related |
| debtors and creditors as follows: |
| Company | Debtor | Creditor |
| £ | £ |
| Skyline Roofing Centres Partnership | 1,049 | 5,208 |
| Skyline Roofing Centres Ltd | 980 | 21,940 |
| Skyline Roofing Centres (LB) Ltd | 2,037 | 3,347 |
| Skyline Roofing Centres Management Company Ltd | - | - |
| During the year the company made the following related party sales and purchases: |
| 2019 | 2018 |
| Sales | £ | £ |
| Skyline Roofing Centres | - | - |
| Skyline Roofing Centres Ltd | 40,002 | 50,709 |
| Skyline Roofing Centres (LB) Ltd | 39,356 | 66,170 |
| Skyline Solar Ltd | - | - |
| Purchases |
| Skyline Roofing Centres Partnership | 2,022 | - |
| Skyline Roofing Centres Ltd | 236,755 | 293,906 |
| Skyline Roofing Centres (LB) Ltd | 42,437 | 36,518 |
| Skyline Solar Ltd | - | - |
| The company paid rent of £55,000 (2018: £55,000) to Skyline Roofing Holdings Ltd. |
| The company also paid franchise fees of £87,356,(2018: £87,297) to Skyline Roofing |
| Centres Management Company Ltd. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Raj Matu by virtue of his 65% interest in the voting |
| capital of the company. |