Roof Busters Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09344632 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ROOF BUSTERS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M F W Prince

REGISTERED OFFICE:

13 Talbot Street

Rugeley

Staffordshire

WS15 2EQ

REGISTERED NUMBER:

09344632 (England and Wales)

ACCOUNTANT:

Richards Associates Limited

Chartered Accountants

North Lodge

Hawkesyard

Armitage Lane

Rugeley

Staffordshire

WS15 1PS

FIXED ASSETS

Tangible assets

4

3,704

6,272

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

37,447

48,046

Cash at bank

35,244

40,695

74,191

90,241

CREDITORS

Amounts falling due within one year

70,992

60,155

NET CURRENT ASSETS

3,199

30,086

TOTAL ASSETS LESS CURRENT LIABILITIES

6,903

36,358

CREDITORS

Amounts falling due after more than one year

(27,333

)

(35,333

)

PROVISIONS FOR LIABILITIES

5

(704

)

(1,021

)

NET (LIABILITIES)/ASSETS

(21,134

)

4

CAPITAL AND RESERVES

Called up share capital

6

4

4

Retained earnings

(21,138

)

-

SHAREHOLDERS' FUNDS

(21,134

)

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2022 and were signed by:

M F W Prince - Director

1.	STATUTORY INFORMATION

Roof Busters 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 represents the net invoiced sales of services, excluding value added tax.

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% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

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.

Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors continue to adopt the going concern basis of accounting in preparing financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

and 31 December 2021

14,328

DEPRECIATION

At 1 January 2021

8,056

Charge for year

2,568

At 31 December 2021

10,624

NET BOOK VALUE

At 31 December 2021

3,704

At 31 December 2020

6,272

5.	PROVISIONS FOR LIABILITIES

31.12.21

31.12.20

£

£

Deferred tax

704

1,021

Deferred

tax

£

Balance at 1 January 2021

1,021

Credit to Income Statement during year

(317

)

Balance at 31 December 2021

704

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

4

Ordinary

£1.00

4

4

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

M F W Prince

Balance outstanding at start of year

30,485

26,279

Amounts advanced

73,516

22,646

Amounts repaid

(74,614

)

(18,440

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,387

30,485

The full amount of this loan was repaid within nine months of the company year end.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M F W Prince.

9.	GOING CONCERN

Total liabilities exceed total assets, however, the company is able to meet its liabilities as they fall due.