Skyline Roofing (Kingston) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01515511 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Skyline Roofing (Kingston) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N J Russell

J M Russell

REGISTERED OFFICE:

Unit 73 Waterside Trading Centre

Trumpers Way

Hanwell

London

W7 2QA

REGISTERED NUMBER:

01515511 (England and Wales)

ACCOUNTANTS:

Bristow Burrell

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

FIXED ASSETS

Tangible assets

5

43,056

46,563

CURRENT ASSETS

Stocks

-

4,581

Debtors

6

347,834

476,945

Investments

7

1

1

Cash at bank and in hand

237,099

120,843

584,934

602,370

CREDITORS

Amounts falling due within one year

8

374,315

272,989

NET CURRENT ASSETS

210,619

329,381

TOTAL ASSETS LESS CURRENT LIABILITIES

253,675

375,944

PROVISIONS FOR LIABILITIES

10

8,181

9,195

NET ASSETS

245,494

366,749

CAPITAL AND RESERVES

Called up share capital

11

1,036

1,786

Capital redemption reserve

750

-

Retained earnings

243,708

364,963

SHAREHOLDERS' FUNDS

245,494

366,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 November 2017 and were signed on its behalf by:

N J Russell - Director

1.	STATUTORY INFORMATION

Skyline Roofing (Kingston) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2016 - 22 ) .

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2016

149,321

8,411

157,732

Additions

10,995

-

10,995

Disposals

(9,350

)

-

(9,350

)

At 30 June 2017

150,966

8,411

159,377

DEPRECIATION

At 1 July 2016

106,824

4,345

111,169

Charge for year

12,228

610

12,838

Eliminated on disposal

(7,686

)

-

(7,686

)

At 30 June 2017

111,366

4,955

116,321

NET BOOK VALUE

At 30 June 2017

39,600

3,456

43,056

At 30 June 2016

42,497

4,066

46,563

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

317,308

445,283

Other debtors

30,526

31,662

347,834

476,945

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Unlisted investments

1

1

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

4,002

Trade creditors

186,462

232,340

Taxation and social security

56,846

21,163

Other creditors

131,007

15,484

374,315

272,989

9.	SECURED DEBTS

There is a fixed charge over book debts and a floating charge over the remaining

assets of the company, dated June 2000.

10.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

8,181

9,195

Deferred

tax

£

Balance at 1 July 2016

9,195

Credit to Statement of Comprehensive Income during year

(1,014

)

Balance at 30 June 2017

8,181

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

250

Ordinary Shares

£1

250

1,000

(2016 - 1,000 )

786

Ordinary "B" Non Voting

£1

786

786

1,036

1,786

12.	ULTIMATE CONTROLLING PARTY

It is the view of the directors that there is no sole ultimate controlling party.

Control is shared between JM Russell and NJ Russell by virtue of their equal

shareholding.

13.	FIRST YEAR ADOPTION

No accounting policies have changed as a result of the transition to FRS 102. There

has been no change to equity recognised in accordance with the reporting framework

at either the date of transition, 01 July 2016, or the most recent financial

statement date, 30 June 2016. In addition, the transition to FRS 102 has had no

effect on the reported profit of the entity for the year ended 30 June 2016.