MS Roofing Supplies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05698213 (England and Wales)

Financial Statements for the Year Ended 31 December 2020

for

MS Roofing Supplies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G R Fletcher

A Siriano

REGISTERED OFFICE:

39 Sackville Road

Hove

East Sussex

BN3 3WD

REGISTERED NUMBER:

05698213 (England and Wales)

ACCOUNTANTS:

Bristow Still

Chartered Accountants

39 Sackville Road

Hove

East Sussex

BN3 3WD

Fixed assets

Tangible assets

4

252,600

271,099

Current assets

Stocks

694,773

823,675

Debtors

5

628,778

859,113

Cash at bank and in hand

941,671

222,253

2,265,222

1,905,041

Creditors

Amounts falling due within one year

6

913,736

896,204

Net current assets

1,351,486

1,008,837

Total assets less current liabilities

1,604,086

1,279,936

Capital and reserves

Called up share capital

67

67

Retained earnings

1,604,019

1,279,869

Shareholders' funds

1,604,086

1,279,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 March 2021 and were signed on its behalf by:

A Siriano - Director

1.	STATUTORY INFORMATION

MS Roofing Supplies 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.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

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 44 (2019 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2020

142,192

31,536

323,659

54,753

552,140

Additions

250

456

50,477

1,444

52,627

Disposals

-

-

(25,750

)

-

(25,750

)

At 31 December 2020

142,442

31,992

348,386

56,197

579,017

DEPRECIATION

At 1 January 2020

56,234

16,075

163,687

45,045

281,041

Charge for year

10,944

1,872

45,387

4,309

62,512

Eliminated on disposal

-

-

(17,136

)

-

(17,136

)

At 31 December 2020

67,178

17,947

191,938

49,354

326,417

NET BOOK VALUE

At 31 December 2020

75,264

14,045

156,448

6,843

252,600

At 31 December 2019

85,958

15,461

159,972

9,708

271,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

607,778

838,113

Prepayments

21,000

21,000

628,778

859,113

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

615,530

517,397

Tax

99,628

48,340

Social security and other taxes

21,765

50,730

VAT

171,878

154,863

Other creditors

4,935

124,874

913,736

896,204