R & R Roofing (North West) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03033837 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

R & R ROOFING (NORTH WEST) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Richardson

P Richardson

SECRETARY:

P Richardson

REGISTERED OFFICE:

10A Old Colliery Road

Whiston

Liverpool

Merseyside

L35 3SX

REGISTERED NUMBER:

03033837 (England and Wales)

ACCOUNTANTS:

Musker & Garrett Limited

Chartered Accountants

Edward House

North Mersey Business Centre

Knowsley Industrial Park

Liverpool

Merseyside

L33 7UY

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

7,649

10,133

7,650

10,134

CURRENT ASSETS

Stocks

1,400

5,510

Debtors

6

31,194

100,497

Cash at bank and in hand

48,742

15,367

81,336

121,374

CREDITORS

Amounts falling due within one year

7

72,881

71,748

NET CURRENT ASSETS

8,455

49,626

TOTAL ASSETS LESS CURRENT LIABILITIES

16,105

59,760

CAPITAL AND RESERVES

Called up share capital

139

139

Retained earnings

15,966

59,621

SHAREHOLDERS' FUNDS

16,105

59,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 September 2017 and were signed on its behalf by:

P Richardson - Director

1.	STATUTORY INFORMATION

R & R Roofing (North West) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first time adoption of Financial Reporting Standard 102; there are no effects on transition which

require disclosure in these financial statements."

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off 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 etc.

-

25% on reducing balance and 15% on reducing balance

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value. Cost includes amounts

incurred in bringing each product to its present location and condition, as follows:

Raw materials - purchase cost on a first in, first out basis.

Work in progress - cost of direct materials & labour plus attributable overheads based on the normal level of

activity.

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

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 profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2016

and 31 May 2017

9,000

AMORTISATION

At 1 June 2016

and 31 May 2017

8,999

NET BOOK VALUE

At 31 May 2017

1

At 31 May 2016

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc.

£

COST

At 1 June 2016

and 31 May 2017

28,165

DEPRECIATION

At 1 June 2016

18,032

Charge for year

2,484

At 31 May 2017

20,516

NET BOOK VALUE

At 31 May 2017

7,649

At 31 May 2016

10,133

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc.

£

COST

At 1 June 2016

13,880

Transfer to ownership

(13,880

)

At 31 May 2017

-

DEPRECIATION

At 1 June 2016

9,489

Charge for year

1,098

Transfer to ownership

(10,587

)

At 31 May 2017

-

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

4,391

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

31,194

99,591

Other debtors

-

906

31,194

100,497

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

464

Trade creditors

48,792

51,952

Taxation and social security

20,775

15,781

Other creditors

3,314

3,551

72,881

71,748

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

-

464

9.	RELATED PARTY DISCLOSURES

The company has no controlling party.

Included in other creditors, in note 8 above, is a loan due to the directors of £234 (2016 - £961).

The loan is currently interest free and repayable upon demand.