PROFESSIONAL ROOFING LIMITED

PROFESSIONAL ROOFING LIMITED

PROFESSIONAL ROOFING LIMITED - Company Information

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PROFESSIONAL ROOFING LIMITED

Company Registration Number:
SC412764 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

PROFESSIONAL ROOFING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

PROFESSIONAL ROOFING LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 8,690 6,445
Total fixed assets: 8,690 6,445
Current assets
Debtors: 4 22,695 24,199
Cash at bank and in hand: 1,180 2,510
Total current assets: 23,875 26,709
Creditors: amounts falling due within one year: 5 (19,629) (15,868)
Net current assets (liabilities): 4,246 10,841
Total assets less current liabilities: 12,936 17,286
Provision for liabilities: (1,651) (1,225)
Total net assets (liabilities): 11,285 16,061
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 11,185 15,961
Shareholders funds: 11,285 16,061

The notes form part of these financial statements

PROFESSIONAL ROOFING LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 February 2021
and signed on behalf of the board by:

Name: E SYKES
Status: Director

The notes form part of these financial statements

PROFESSIONAL ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Plant & machinery etc- 25 % on reducing balance

PROFESSIONAL ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

PROFESSIONAL ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 19,916
Additions 6,250
Disposals (3,500)
At 31 March 2020 22,666
Depreciation
At 01 April 2019 13,471
Charge for year 2,897
On disposals (2,392)
At 31 March 2020 13,976
Net book value
At 31 March 2020 8,690
At 31 March 2019 6,445

PROFESSIONAL ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

PROFESSIONAL ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Creditors: amounts falling due within one year note

The amount due of £19629 is made up as follows: Taxation and Social Security £17946 Other creditors £1683

PROFESSIONAL ROOFING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Loans to directors

Name of director receiving advance or credit: E SYKES
Description of the loan: Advances
£
Balance at 01 April 2019 24,199
Advances or credits repaid: 1,504
Balance at 31 March 2020 22,695

The advances are interest bearing and repayable on demand