ASHTON ROOFING & MAINTENANCE LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07954827 (England and Wales)

Financial Statements

for the Year Ended 29th February 2020

for

ASHTON ROOFING & MAINTENANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Ashton

Mrs G V Ashton

SECRETARY:

M J Ashton

REGISTERED OFFICE:

Unit 7 Esgors Farm

High Road

Epping

Essex

CM16 6LY

REGISTERED NUMBER:

07954827 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

30,420

44,804

30,420

44,804

CURRENT ASSETS

Debtors

6

223,842

407,644

Cash at bank and in hand

55,473

180,342

279,315

587,986

CREDITORS

Amounts falling due within one year

7

140,300

293,865

NET CURRENT ASSETS

139,015

294,121

TOTAL ASSETS LESS CURRENT LIABILITIES

169,435

338,925

PROVISIONS FOR LIABILITIES

6,565

9,623

NET ASSETS

162,870

329,302

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

162,770

329,202

SHAREHOLDERS' FUNDS

162,870

329,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2020 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 24th October 2020 and were signed on its behalf by:

M J Ashton - Director

1.	STATUTORY INFORMATION

Ashton Roofing & Maintenance 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

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 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2019

and 29th February 2020

537,005

AMORTISATION

At 1st March 2019

and 29th February 2020

537,005

NET BOOK VALUE

At 29th February 2020

-

At 28th February 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st March 2019

7,493

15,676

64,896

17,789

105,854

Disposals

-

-

(7,345

)

-

(7,345

)

At 29th February 2020

7,493

15,676

57,551

17,789

98,509

DEPRECIATION

At 1st March 2019

2,333

7,220

38,683

12,814

61,050

Charge for year

774

1,268

5,175

1,658

8,875

Eliminated on disposal

-

-

(1,836

)

-

(1,836

)

At 29th February 2020

3,107

8,488

42,022

14,472

68,089

NET BOOK VALUE

At 29th February 2020

4,386

7,188

15,529

3,317

30,420

At 28th February 2019

5,160

8,456

26,213

4,975

44,804

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29/2/20

28/2/19

£

£

Trade debtors

153,797

268,121

Amounts recoverable on contract

26,800

84,979

Other debtors

22,239

42,259

Directors' current accounts

21,006

-

Prepayments

-

12,285

223,842

407,644

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29/2/20

28/2/19

£

£

Trade creditors

87,603

169,105

Tax

(50

)

33,753

Social security and other taxes

9,289

18,577

VAT

40,965

63,040

Other creditors

443

335

Directors' current accounts

-

4,060

Accrued expenses

2,050

4,995

140,300

293,865

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29/2/20

28/2/19

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Ashton.