Platinum Roofing Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08220495 (England and Wales)

PLATINUM ROOFING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

A J Muir

S G Nicol

SECRETARY:

S G Nicol

REGISTERED OFFICE:

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

BUSINESS ADDRESS:

Willowbrook Centre

Curver Way

Willowbrook Industrial Estate

Corby

Northamptonshire

NN17 5XN

REGISTERED NUMBER:

08220495 (England and Wales)

ACCOUNTANTS:

Haines Watts (SEM) Limited

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

FIXED ASSETS

Tangible assets

4

59,969

47,238

CURRENT ASSETS

Stocks

12,575

79,947

Debtors

5

136,962

111,145

Cash at bank

208,591

13,461

358,128

204,553

CREDITORS

Amounts falling due within one year

6

159,615

158,096

NET CURRENT ASSETS

198,513

46,457

TOTAL ASSETS LESS CURRENT LIABILITIES

258,482

93,695

PROVISIONS FOR LIABILITIES

11,275

8,962

NET ASSETS

247,207

84,733

CAPITAL AND RESERVES

Called up share capital

7

102

2

Retained earnings

8

247,105

84,731

SHAREHOLDERS' FUNDS

247,207

84,733

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 June 2018 and were signed on its behalf by:

S G Nicol - Director

1.	STATUTORY INFORMATION

Platinum Roofing 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2016

19,117

550

52,151

3,679

75,497

Additions

3,059

-

37,152

-

40,211

Disposals

-

-

(16,300

)

-

(16,300

)

At 30 September 2017

22,176

550

73,003

3,679

99,408

DEPRECIATION

At 1 October 2016

8,973

339

17,339

1,608

28,259

Charge for year

2,640

42

15,969

742

19,393

Eliminated on disposal

-

-

(8,213

)

-

(8,213

)

At 30 September 2017

11,613

381

25,095

2,350

39,439

NET BOOK VALUE

At 30 September 2017

10,563

169

47,908

1,329

59,969

At 30 September 2016

10,144

211

34,812

2,071

47,238

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

116,747

109,228

Social security and other tax

12,717

1,495

Prepayments

7,498

422

136,962

111,145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

35,970

471

Tax

51,745

27,872

VAT

58,238

22,495

Other creditors

49

455

Directors' current accounts

11,663

105,003

Accrued expenses

1,950

1,800

159,615

158,096

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

100

B

£1

100

-

102

2

100 B shares of £1 each were allotted and fully paid for cash at par during the year.

8.

RESERVES

Retained

earnings

£

At 1 October 2016

84,731

Profit for the year

222,374

Dividends

(60,000

)

At 30 September 2017

247,105

9.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the period ended 30 September 2017.

The effect of the transition from the previous financial reporting framework to FRS 102 has been considered.

There has been no material impact in relation to the following:

- changes in accounting policies

- changes in shareholders funds

- comparative year profit or loss

On that basis, no restatement has been undertaken.