Moore's Roofing Supplies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02209610 (England and Wales)

MOORE'S ROOFING SUPPLIES LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A E Moore

Mrs W C Moore

REGISTERED OFFICE:

149 Garrison Street

Bordesley

Birmingham

B9 4BN

REGISTERED NUMBER:

02209610 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

7,682

13,273

Investments

5

150,000

150,000

157,682

163,273

CURRENT ASSETS

Stocks

241,680

260,167

Debtors

6

1,756,731

1,672,025

Cash at bank and in hand

453,211

309,336

2,451,622

2,241,528

CREDITORS

Amounts falling due within one year

7

1,420,301

1,371,929

NET CURRENT ASSETS

1,031,321

869,599

TOTAL ASSETS LESS CURRENT LIABILITIES

1,189,003

1,032,872

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

1,174,003

1,017,872

SHAREHOLDERS' FUNDS

1,189,003

1,032,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 9 January 2019 and were signed on its behalf by:

A E Moore - Director

1.	STATUTORY INFORMATION

Moore's Roofing Supplies 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.	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.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

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. The company also makes contributions to

staff pensions under auto enrolement.

Factoring arrangements

The company has entered into a confidential invoice discounting arrangement in order to assist with cash

management and day to day working capital requirements. Debts approved by the factor company are assigned

with recourse. Debtors are reflected gross within current assets, with the related factoring advance reflected gross

within current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2017

and 30 September 2018

8,934

165,578

103,466

277,978

DEPRECIATION

At 1 October 2017

8,914

156,966

98,825

264,705

Charge for year

-

3,563

2,028

5,591

At 30 September 2018

8,914

160,529

100,853

270,296

NET BOOK VALUE

At 30 September 2018

20

5,049

2,613

7,682

At 30 September 2017

20

8,612

4,641

13,273

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2017

and 30 September 2018

150,000

NET BOOK VALUE

At 30 September 2018

150,000

At 30 September 2017

150,000

The company's investment consists of a 100% holding in the redeemable preference shares of Burton Roofing

Supplies Limited

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,537,542

1,593,108

Other debtors

197,240

58,745

Prepayments

21,949

20,172

1,756,731

1,672,025

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,237,131

1,146,242

Social security and other taxes

95,861

84,389

Directors' current accounts

-

50,000

Accrued expenses

87,309

91,298

1,420,301

1,371,929

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

72,000

40,000

Between one and five years

144,000

160,000

216,000

200,000

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by A E Moore by virtue of him holding

60% of the issued ordinary share capital of the company.