Roma Roofing Supplies Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07205195 (England and Wales)

ROMA ROOFING SUPPLIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B J Llewellyn

A J Williams

SECRETARY:

B Williams

REGISTERED OFFICE:

Pentwyn Farm

Pentwyn

BARGOED

CF81 9NP

REGISTERED NUMBER:

07205195 (England and Wales)

ACCOUNTANTS:

Watts Gregory LLP

Chartered Accountants

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Intangible assets

2

54,800

68,500

Tangible assets

3

29,596

35,777

84,396

104,277

CURRENT ASSETS

Stocks

52,500

41,000

Debtors

5,604

8,654

Cash at bank and in hand

29,176

29,230

87,280

78,884

CREDITORS

Amounts falling due within one year

4

(59,333

)

(53,382

)

NET CURRENT ASSETS

27,947

25,502

TOTAL ASSETS LESS CURRENT LIABILITIES

112,343

129,779

CREDITORS

Amounts falling due after more than one year

4

(106,177

)

(129,225

)

PROVISIONS FOR LIABILITIES

(1,268

)

(222

)

NET ASSETS

4,898

332

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

4,897

331

SHAREHOLDERS' FUNDS

4,898

332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved for issue by the Board of Directors on 6 February 2017 and were signed on its behalf by:

B J Llewellyn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts invoiced in respect of the supply of roofing and general building materials during

the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the

shorter.

Plant and machinery

- 25% on cost

Motor vehicles

- 25% on cost

Fixtures and fittings

- 15% on cost

Stocks

The value of stock has been estimated by the directors at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

137,000

AMORTISATION

At 1 June 2015

68,500

Amortisation for year

13,700

At 31 May 2016

82,200

NET BOOK VALUE

At 31 May 2016

54,800

At 31 May 2015

68,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

64,963

DEPRECIATION

At 1 June 2015

29,186

Charge for year

6,181

At 31 May 2016

35,367

NET BOOK VALUE

At 31 May 2016

29,596

At 31 May 2015

35,777

4.

CREDITORS

Creditors include an amount of £ 14,175 (2015 - £ 19,175 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1