The Roofing Products Company Ltd - Accounts

THE ROOFING PRODUCTS COMPANY LTD - Company Information

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Registered Number: 03862665

England and Wales

THE ROOFING PRODUCTS COMPANY LTD

Unaudited Financial Statements

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

The Roofing Products Company Ltd
Contents Page
For the year ended 31 October 2022

Company information	1
Director's report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5
Statement of changes in equity	6

The Roofing Products Company Ltd
Company Information
For the year ended 31 October 2022

Director	Paul Harvey
Registered Number	03862665
Registered Office	Chislehurst Business Centre 1 Bromley Lane Chislehurst BR7 6LH
Accountants	OMW Accountancy Ltd 5 Monks Way Swaythling Southampton Hampshire SO18 2LR

The Roofing Products Company Ltd
Director's Report
For the year ended 31 October 2022

Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2022.

Principal activities

The principal activity of the company during the financial year was that of provision of roofing supplies.

Director
The director who served the company throughout the year was as follows:

Paul Harvey

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Paul Harvey
Director

Date approved: 28 April 2023

The Roofing Products Company Ltd Accountants' Report For the year ended 31 October 2022
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 October 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. OMW Accountancy Ltd 31 October 2022 .................................................... OMW Accountancy Ltd 5 Monks Way Swaythling Southampton Hampshire SO18 2LR 28 April 2023 3

The Roofing Products Company Ltd
Accountants' Report
For the year ended 31 October 2022

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
OMW Accountancy Ltd
31 October 2022

....................................................
OMW Accountancy Ltd
5 Monks Way
Swaythling
Southampton
Hampshire
SO18 2LR
28 April 2023

The Roofing Products Company Ltd
Statement of Financial Position
As at 31 October 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	12	12
Investments	4	50	50
		62	62
Current assets
Stocks	5	20,988	22,384
Debtors	6	34,485	34,989
Cash at bank and in hand		(18,266)	(19,900)
		37,207	37,473
Creditors: amount falling due within one year	7	(302,597)	(286,849)
Net current liabilities		(265,390)	(249,376)

Total assets less current liabilities		(265,328)	(249,314)
Net liabilities		(265,328)	(249,314)

Capital and reserves
Called up share capital		5,000	5,000
Profit and loss account		(270,328)	(254,314)
Shareholder's funds		(265,328)	(249,314)

For the year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 28 April 2023 and were signed by:

--------------------------------
Paul Harvey
Director

The Roofing Products Company Ltd
Statement of Changes in Equity
For the year ended 31 October 2022

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 November 2020	5,000	(263,989)	(258,989)
Profit for the year		9,675	9,675
Total comprehensive income for the year	-	9,675	9,675
Total investments by and distributions to owners	-	-	-
At 31 October 2021	5,000	(254,314)	(249,314)
At 01 November 2021	5,000	(254,313)	(249,313)
Profit for the year		(16,015)	(16,015)
Total comprehensive income for the year	-	(16,015)	(16,015)
Total investments by and distributions to owners	-	-	-
At 31 October 2022	5,000	(270,328)	(265,328)

The Roofing Products Company Ltd
Notes to the Financial Statements
For the year ended 31 October 2022

General Information

The Roofing Products Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 03862665, registration address Chislehurst Business Centre 1 Bromley Lane, Chislehurst, BR7 6LH.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Staff Costs

	2022	2021

Average number of employees during the year	Number	Number
Administration	1	1
Sales	1	1
	2	2

3.	Average number of employees Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 November 2021	9,966	9,966
Additions	-	-
Disposals	-	-
At 31 October 2022	9,966	9,966
Depreciation
At 01 November 2021	9,954	9,954
Charge for year	-	-
On disposals	-	-
At 31 October 2022	9,954	9,954
Net book values
Closing balance as at 31 October 2022	12	12
Opening balance as at 01 November 2021	12	12

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 November 2021	50	50
Additions	-	-
Transfer to/from Tangible fixed assets	0	0
Disposals	-	-
At 31 October 2022	50	50

Stocks

	2022 £		2021 £
Stocks	20,988		22,384
	20,988		22,384

Debtors: amounts falling due within one year

	2022 £	2021 £
Trade Debtors	27,975	29,032
VAT	6,510	5,957
	34,485	34,989

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	208,706	208,066
Bank Loans & Overdrafts	53,555	53,080
Amounts Owed to Participating Interests	6,523	11,244
PAYE & Social Security	1,912	2,038
Accrued Expenses	0	3,149
Other Creditors	2	1
Directors' Current Accounts	31,899	9,271
	302,597	286,849